5082 stories by Todd Shriber
Will DraftKings, FanDuel Have Fanatics Problem? Possibly
Fanatics announced Sunday that it’s paying $150 million in cash for PointsBet’s (OTC: PBTHF) US operations in a deal that provides the buyer with access to more than a dozen states. That means Fanatics doesn’t have to wait for often slow-moving regulators...
Wynn Stock Has Fuel for Extended Upside, Says Barclays Analyst
Wynn Resorts (NASDAQ: WYNN) rallied Wednesday after an analyst said the already hot stock can deliver more upside for investors. The shares finished higher by 5.70% on volume, more than double the daily average on the back of a report from Barclays...
Century Sells Real Estate of Four Canadian Casinos to VICI Properties
Century Casinos (NASDAQ: CNTY) announced Wednesday it’s selling the real estate assets of a quartet of Canadian gaming venues to VICI Properties (NYSE: VICI) for $164.4 million, based on May 16 exchange rates. The Colorado-based regional casino operator will lease back those...
Pat McAfee Bids Adieu to FanDuel, Moves to ESPN
Pat McAfee is again making waves in the sports media world. He announced today his eponymous show is severing ties with sports betting giant FanDuel and is heading to ESPN. The news comes as McAfee is in the middle of the second...
Caesars Inks Deals with Keeneland, Red Mile for Kentucky Sports Betting Access
Caesars Entertainment said Tuesday it reached agreements with racetrack operators Keeneland and Red Mile Gaming & Racing. That paves the way for the casino giant to offer mobile sports wagering in Kentucky. Financial terms of the accords weren’t disclosed. But deal terms...
PlayAGS Stock Soars as Jefferies Analyst Calls it ‘Severely Undervalued’
PlayAGS (NYSE: AGS) is one of the best-performing gaming stocks today. That's after Jefferies analyst David Katz highlighted it as a small-cap valuation opportunity. In a note to clients, Katz upgraded the slot machine manufacturer to “buy” from “neutral,” while boosting his...
Bally’s, Oakland A’s Announce Agreement for Tropicana Stadium Site
Bally’s and the Oakland Athletics announced Monday that they’ve reached an agreement: the Major League Baseball (MLB) club will build a stadium on nine acres near the Tropicana Las Vegas Hotel and Casino. The pact was reached in conjunction with Gaming and...
Fanatics Finally Makes Deal, Grabs PointsBet for $150 Million
Following months of speculation, PointsBet (OTC: PBTHF) is poised to sell its US operations to Fanatics for $150 million in cash. The companies announced the transaction in a joint statement released Sunday. That confirmation arrived just weeks after it was reported PointsBet...
Aristocrat Leisure Buying NeoGames for $1.2B in Cash
Aristocrat Leisure (ASX: ALL), one of the largest slot machine manufacturers, is increasing its iGaming footprint with a $1.2 billion all-cash acquisition of NeoGames (NASDAQ: NGMS). The deal announced late Sunday values NeoGames at $29.50 a share, or a 104% premium to...
Rush Street Interactive CEO Schwartz Open to Takeover Talks
Amid a flurry of sports betting industry consolidation rumors, Rush Street Interactive (NYSE: RSI) is one of the most discussed potential targets. A deal hasn’t materialized as of yet, but CEO Richard Schwartz signaled at an industry conference this week that he’ll...
