4979 stories by Todd Shriber
Playtika Bid for Angry Birds Maker Criticized by BTIG Analyst
Playtika’s (NASDAQ:PLTK) upped offer for Angry Birds producer Rovio Entertainment Corporation drew criticism from an analyst that covers the suitor. In a note to clients today, BTIG analyst Clark Lampen called Playtika’s increased bid “perplexing.” That's when accounting for its $600 million...
Fanatics Reportedly in Discussions to Buy BetParx
Fanatics is reportedly in talks to acquire BetParx in an effort to speed its ascent in the US sports wagering space. A letter of intent between the two sides may have been signed. Citing unidentified sources with knowledge of the matter, CNBC...
MGM Could Revisit Entain Takeover Following UK Whitepaper Release
The highly anticipated release of the UK government’s Gambling Act whitepaper could set the stage for MGM Resorts International (NYSE: MGM) to revisit a takeover of Entain Plc (OTC: GMVHY). Shares of the Ladbrokes owner rallied in London and gained almost 4%...
Las Vegas Sands Could Deliver Q4 Earnings Surprise
Fourth-quarter earnings season is ramping up and Las Vegas Sands (NYSE: LVS), the largest casino operator by market capitalization, steps into the earnings confessional on Wednesday, January 25. Some analysts believe the Venetian Macau operator could deliver a positive surprise on its...
Playtika Lifts Takeover Offer for Angry Birds Producer Rovio
Mobile gaming company Playtika (NASDAQ: PLTK) said Thursday it's increasing its acquisition offer for Rovio Entertainment Corporation to $9.78 a share. The new all-cash bid represents a 55% premium to Rovio’s January 18 closing price in Helsinki. Finland-based Rovio is the company...
Bally’s To Slash Up To 15 Percent of Interactive Staff in Bid for Profitability
Bally’s Corp. (NYSE:BALY) announced it will reduce headcount at its digital gaming unit by up to 15%, as the operator aims for profitability in the North American market. The Rhode Island-based casino operator made the announcement late Wednesday in a Form 8-K...
Wynn Macau Poised to Nab Market Share from Rivals
Wynn Macau could gain market share in the Chinese territory in the coming years. That's as premium mass players return to the tables and as operators vie for what is now a splintered VIP demographic, owing to the demise of the junket...
MGM Top Casino Stock Pick at Macquarie Based on Attractive Las Vegas Calendar
MGM Resorts International (NYSE: MGM) could be a star among casino stocks in 2023, owing in part to an eventful Las Vegas calendar. In a note to clients on Wednesday, Macquarie analyst Chad Beynon noted midweek Strip occupancy could dip a bit...
DraftKings Could Be Profitable Sooner than Expected
DraftKings (NASDAQ: DKNG) could surprise investors and reach profitability sooner than expected, perhaps two quarters in advance of the company’s previous guidance. That’s the take of Morgan Stanley analyst Stephen Grambling. In a note to clients on Wednesday, Grambling anointed the gaming...
Disney Facing Complexities with Potential ESPN Spin-Off
Facing a challenge from yet another activist investor, The Walt Disney Co. (NYSE: DIS) could examine spinning off ESPN and perhaps all of its traditional media business. But there are complexities tied to such a transaction. There’s speculation among investment bankers that...
