5316 stories by Todd Shriber
Sands New York Front-Runner, New Vegas Casinos on Backburner, Says Analyst
Las Vegas Sands (NYSE: LVS) is considered one of the front-runners to procure one of the three downstate casino permits in New York, according to a Wall Street analyst. In a recent report to clients, Wells Fargo analyst Daniel Politzer noted that...
PointsBet Tells Investors to Accept Fanatics Revised $225M Takeover Bid
In what might be the final salvo in the battle for PointsBet’s (OTC: PBTHF) US operations, the Australian gaming company told investors they should vote in favor of Fanatics’ revised $225 million takeover offer. That’s 50% higher than the suitor’s original bid,...
Super Group Stock Enters Russell 2000 Index
Super Group (NYSE: SGHC) stock has been added to the Russell 2000 Index as part of the annual, broader rebalancing of FTSE Russell equity gauges. The Russell 2000 is one of the world’s most widely followed small-cap indexes. Small-cap stocks are generally...
Macau Q2 EBITDA Could Top $1.6B, MGM China Top Pick: Morgan Stanley
Macau casino operators could post a combined $1.6 billion in earnings before interest, taxes, depreciation, and amortization (EBITDA) in the second quarter, which concludes Friday. That forecast is courtesy of Morgan Stanley analysts Praveen Choudhary, Gareth Leung, and Stephen Grambling, and represents...
PointsBet Halts Trading Pending Announcement
Trading in PointsBet (OTC: PBTHF) stock was halted in Australia on Tuesday for an upcoming, though not described, news event. A market announcement with the Australia Securities Exchange (ASX) confirmed the halt, noting it could be lifted on Wednesday, should the gaming...
Betr Raises $35 Million, Now Valued at $300 Million
Sports wagering startup Betr announced it raised $35 million in a series A2 funding round. That values the privately held company at a pre-money valuation of $300 million. The latest funding round in the microbetting company was led by Roger Ehrenberg via...
Blackstone Reportedly Mulling Bellagio Stake Sale
Private equity behemoth Blackstone (NYSE: BX) is reportedly evaluating options for its ownership of Bellagio’s real estate, including a potential sale of a 50% stake in the iconic Las Vegas Strip venue. Unidentified sources told Bloomberg Monday that Blackstone is mulling options,...
NASCAR Halts Plans for Barstool Sportsbook at Phoenix Raceway
NASCAR is pumping the brakes on plans to open a Barstool sportsbook at Phoenix Raceway, which hosts two Cup Series events annually. In an interview with Gaming Today’s Brant James, NASCAR Managing Director of Sports Betting Joe Solosky said the economics of...
Sands Adding Macau Market Share Thanks to Summer Concerts, Says Citi
Helped by a summer concert series, Sands China may be gaining market share among premium mass bettors visiting Macau. That’s the take of Citigroup analysts George Choi and Ryan Cheung who, in a recent report, noted the operator likely gained premium mass...
IGT Earns Price Target Lift on Divestment Plans
Earlier this month, International Game Technology (NYSE: IGT) announced plans to explore strategic alternatives for its global gaming and PlayDigital units -- news that’s been well-received by analysts and investors. In a new report to clients, Stifel analyst Jeffrey Stantial reiterates a...
