5402 stories by Todd Shriber
Soros Fund Management Eliminates Caesars, MGM Stakes, Adds Sands
Soros Fund Management, the family office of billionaire financier George Soros, sold positions in Caesars Entertainment (NASDAQ:CZR) and MGM Resorts International (NYSE:MGM) in the second quarter. During the April through June period, the investment vehicle eliminated 31 positions. By order of size,...
AGS Confirms Receipt of Takeover Offer, Ongoing Talks
Slot machine maker AGS (NYSE:AGS) confirmed it received a $10 a share takeover offer, which explains the stock’s 25.25% jump today, adding the bid wasn’t accepted. In a Form 8-K filing with the Securities and Exchange Commission (SEC), AGS doesn’t identify from...
AGS Soars on Reported Inspired Entertainment Takeover Bid
Device manufacturer AGS (NYSE:AGS) was easily one of Friday’s top-performing gaming stocks, surging 25.25% on volume that was about eight times the daily average. That came on reports Inspired Entertainment (NASDAQ:INSE) is moving to acquire the Las Vegas-based slot machine maker. Unidentified...
FuboTV Soars on Renewed Takeover Chatter
Shares of FuboTV (NYSE:FUBO) surged 15% Thursday on volume that was more than double the daily average. The spike came amid renewed speculation the streaming entertainment company is a potential takeover target. An article published earlier today by SportsHandle suggests fuboTV could...
Meister’s Corvex Lifts Kindred Stake to 15%
Keith Meister’s Corvex Management has boosted its investment in Kindred Group. It could be the latest indication the hedge fund wants the Swedish gaming company to put itself up for sale, and do so soon. Meister’s investment firm now owns 15% of...
Stacey Abrams Betting on Casinos, Sports Wagering to Boost Georgia Gubernatorial Bid
Georgia Democrat gubernatorial nominee Stacey Abrams is betting on casinos and regulated sports wagering as part of her bid to defeat incumbent Republican Gov. Brian Kemp. On Tuesday, Abrams said if elected, she’d leverage government receipts from gaming to broaden access to...
AGS Stock Cheap with Double Potential
Shares of slot machine manufacturer AGS (NYSE:AGS) are trading higher today. That's after the company reported second-quarter earnings before interest, taxes, depreciation and amortization (EBITDA) that beat Wall Street estimates. While the stock is up 28.27% off its July lows, some analysts...
DraftKings Rallies, But Wood’s ARK Invest Trims Stake
Cathie Wood’s ARK Investment Management rang the register on some of its DraftKings (NASDAQ:DKNG) stake on Monday. After spending the first half of 2022 faltering, the stock is higher by 44.66% over the past month, providing investors with a decent opportunity to...
DraftKings Faces Second Half Spending Tests
DraftKings (NASDAQ:DKNG) is sparking some confidence among investors following elevated 2022 revenue guidance. And perhaps more importantly, a reduced full-year earnings before interest, taxes, depreciation and amortization (EBITDA) loss estimate. Some analysts believe reduced losses and some online sportsbook operators flirting with...
Rush Street Interactive Inching Closer to Profitability
Like so many online sportsbook operators, Rush Street Interactive (NYSE:RSI) struggled to reach profitability following its initial public offering (IPO). But those dark days could be drawing to a close. The gaming company reported a second-quarter earnings before interest, taxes, depreciation and...
