9 unchanged sentences
We have not sold any equity securities during the year ended December 31, 2023 that were not previously disclosed in a quarterly report on Form 10-Q or a current report on Form 8-K that was filed during the year.
−Removed: Subsequent to year end, on February 17, 2023, the Company issued 2,442,809 share of our common stock in conjunction with the Barstool Acquisition (as defined and described in Note 7, “Investments in and Advances to Unconsolidated Affiliates” ).
+Added: On February 17, 2023, the Company issued 2,442,809 shares of our common stock in conjunction with the Barstool Acquisition (as defined and described in Note 7, “Investments in and Advances to Unconsolidated Affiliates” in the notes to our Consolidated Financial Statements).
The issuances were exempt from registration pursuant to Section 4(a)(2) of the Securities Act.
3 unchanged sentences
On December 6, 2022, our Board of Directors authorized an additional $750.0 million program for such repurchases, which expires on December 31, 2025 (the “December 2022 Authorization”).
−Removed: Since we have not yet used the full amount under the February 2022 Authorization, the December 2022 Authorization remains at full capacity.
+Added: The Company utilized the capacity under the February 2022 Authorization prior to effecting any repurchases under the December 2022 Authorization.
Stock repurchases, if any, will be funded using our available liquidity.
−Removed: The timing and amount of stock repurchases will depend on a variety of factors, including the market conditions as well as corporate and regulatory considerations.
+Added: The timing and amount of stock repurchases, if any, will depend on a variety of factors, including but not limited to, market conditions and corporate and regulatory considerations.
As of December 31, 2023, we have repurchased a total of 5,438,221 shares of our common stock at an average price of $27.54.
−Removed: The following table presents the total number of shares of our common stock that we repurchased during the fourth quarter of the year ended December 31, 2022, the average price paid per share, the number of shares that we repurchased as part of our share repurchase program, and the approximate dollar value of shares that still could have been repurchased at the end of the applicable fiscal period pursuant to our share repurchase program:
−Removed: (dollars in millions, except per share data) Total Number of Shares Purchased (1)
−Removed: Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Program Maximum Dollar Value of Shares that May Yet Be Purchased Under the Plans or Program
−Removed: October 1, 2022 - October 31, 2022 1,037,677 $ 28.97 1,005,188 $ 211.1
−Removed: November 1, 2022 – November 30, 2022 605,592 $ 35.01 605,422 $ 189.9
−Removed: December 1, 2022 - December 31, 2022 1,260,399 $ 32.29 1,260,284 $ 149.2
−Removed: Total 2,903,668 $ 31.67 2,870,894
−Removed: (1) Includes 32,489, 170 and 115 shares withheld to pay taxes due upon the vesting of employee restricted stock for the months ended October 31, November 30, and December 31, 2022, respectively.
+Added: We did not repurchase any shares of our common stock during the fourth quarter of the year ended December 31, 2023.
+Added: As of December 31, 2023, the remaining availability under our December 2022 Authorization was $749.5 million.
Stock Performance Graph
−Removed: We have historically presented the performance graph by comparing our cumulative total shareholder return against the cumulative total return of the S&P 500 and the median total shareholder return of a selected group of peer companies.
−Removed: We have decided to change the presentation of our performance graph to replace the selected peer group with the Russell 3000 Casino and Gambling Index because the Company believes that a market index provides a more consistent comparison than the annual Company-selected peer group.
−Removed: In accordance with SEC rules, the performance graph presents both the indices used in the previous year and the newly selected index.
+Added: The following graph compares the cumulative total shareholder return for the Company's Common Stock since December 31, 2018 to the total returns of the S&P 500 Index and the Russell 3000 Casino and Gambling Index.
+Added: The comparative returns shown in the graph assumes the investment of $100 in the Company’s Common Stock, the S&P 500 Index, and the Russell 3000 Casino and Gambling Index on December 31, 2018.
Period Ending December 31,
4 unchanged sentences
Russell 3000 Casino and Gambling Index $ 100.00 $ 144.53 $ 162.37 $ 160.01 $ 119.75 $ 150.70
−Removed: Peer Group Median (1)
−Removed: $ 100.00 $ 73.78 $ 103.93 $ 96.25 $ 93.55 $ 82.10
−Removed: (1) Peer group includes:
−Removed: Boyd Gaming Corporation, Caesars Entertainment Inc., Las Vegas Sands Corp., MGM Resorts International, Red Rock Resorts, Inc., and Wynn Resorts, Ltd.
+Added: Cumulative total return assumes reinvestment of all dividends paid during the measurement period.
+Added: The Company has not paid any cash dividends on its Common Stock during this period.
+Added: The index is reweighted daily using the market capitalization on the previous trading day.
+Added: If the last day of the applicable year is not a trading day, the preceding trading day is used.
+Added: Historical returns are not indicative of future returns.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.