3118 stories by Todd Shriber
Sightline Payments Hits $1B Valuation, Becomes Nevada’s First Fintech Unicorn
Sightline Payments, a provider of cashless gaming solutions, has eclipsed a private market valuation of more than $1 billion, making the company Nevada's first fintech “unicorn.” “Unicorn” is financial parlance for closely held companies with valuations of at least $1 billion. Just...
Einhorn’s Greenlight Capital Exits Betway SPAC
Greenlight Capital, the hedge fund run by financier and poker player David Einhorn, sold its stake in special purpose acquisition company (SPAC) Sports Entertainment Acquisition Corp. (NYSE:SEAH) in the second quarter. Sports Entertainment is serving as the vehicle through which Super Group,...
Boyd, Caesars, Red Rock Top JPMorgan Casino Stock List
JPMorgan released a broad look at the gaming industry today, highlighting Boyd Gaming (NYSE:BYD), Caesars Entertainment (NASDAQ:CZR) and Red Rock Resorts (NASDAQ:RRR) as its top three ideas among the casino stocks it rates “overweight.” Each of those names is tethered to the...
Las Vegas Sands Stock So Bad, It May Actually Be Good, Says Strategist
Down 33 percent year-to-date, Las Vegas Sands (NYSE:LVS) stock isn't just one of the worst-performing gaming equities. Residing more than 40 percent below its 52-week high, it's the only member of the S&P 500 with a 2021 loss of at least 30...
Yokohama Casino Effort Will Move Ahead with Genting Likely Winner, Says Bank
Amid swirling controversy over the fate of a gaming venue in Yokohama, at least one investment bank believes an integrated resort will come to life in Japan's second-largest city. It sees Genting Singapore as the likely winner of the two bidders. In...
NeoGames Buying Opportunity Afoot Following Post-Earnings Slide, Says Analyst
NeoGames (NASDAQ:NGMS) stock tumbled nearly 15 percent Thursday following its second-quarter earnings update, and that slide is continuing today. But one analyst called reaction to the results “puzzling” while noting a buying opportunity in shares of the online lottery operators is now...
Bally’s Continues Acquisition Binge in Telescope Deal
Bally's (NYSE:BALY) is continuing its acquisitive ways, announcing earlier today the purchase of Telescope Inc. Financial terms of the deal weren't disclosed. Privately held Telescope provides “fan engagement services” for live events, interactive livestreams, and gamified second screen entertainment. Bally's is looking...
Entain Forecasts Up To 25% Share of $32B North American iGaming, Sports Betting
Entain Plc (OTC:GMVHY), half owner of the BetMGM business, said at its Investor Day today it's aiming for 20 percent to 25 percent of the North American internet casinos and online sports wagering markets. The operator believes the market will eventually be...
Penn National Score Media Acquisition ‘Credit Positive,’ Says Moody’s
Penn National Gaming's (NASDAQ:PENN) $2 billion cash and stock purchase of Score Media and Gaming (NASDAQ:SCR) last week is a credit positive for the buyer, according to Moody's Investors Service. The research firm has a “B1” rating, with a “stable” outlook on...
DraftKings Nevada Entry Possible Following Golden Nugget Online Acquisition
DraftKings (NASDAQ:DKNG) could eventually make its long-awaited move into Nevada sports wagering following the purchase of Golden Nugget Online Gaming (NASDAQ:GNOG) announced earlier this week. On Monday, the sportsbook operator said it's acquiring Tilman Fertitta's online casino firm for $1.56 billion in...
