5448 stories by Todd Shriber
MGM Eyeing $100K Packages for Las Vegas F1 Race
Formula One is the glitziest of motorsports, and that reputation will be in full effect when the circuit makes its debut in Las Vegas in Nov. 2023. The Sports Business Journal reported MGM Resorts International CEO Bill Hornbuckle said the company plans...
DraftKings Earns ‘Buy’ Rating From Once Bearish Analyst
DraftKings (NASDAQ:DKNG) stock is in rally mode of late, and Wall Street is taking note. Some analysts are turning bullish on the name ahead of the start of football season. In a note to clients today, Roth Capital analyst Edward Engel upgraded...
AGS/Inspired Deal May Not Happen or Could Reach $13 a Share: Analyst
It’s possible that Inspired Entertainment’s (NASDAQ:INSE) pursuit of AGS (NYSE:AGS) doesn’t end in a consummated deal. But it’s also plausible the suitor boosts its offer for the slot machine maker. That’s the sentiment of Stifel analyst Jeffrey Stantial who, in a note...
AGS/Inspire Deal Would Be Accretive, Boost Free Cash Flow, Says Analyst
Shares of gaming device maker AGS (NYSE:AGS) jumped 7.78% today on more than double the average daily volume. That's as market participants digested news of the company rebuffing a $10 per share takeover bid, reportedly from Inspired Entertainment (NASDAQ:INSE). AGS revealed it...
Daniel Loeb Pushes Disney for ESPN Spinoff, Sees Sports Betting Opportunity
Daniel Loeb’s Third Point hedge fund has initiated a new position in Walt Disney (NYSE:DIS) said to be worth about $1 billion. He's pushing the company to spin off ESPN. The move could make it easier for the network to forge into...
Entain Buying Binge Makes MGM Deal Trickier
Entain Plc (OTC:GMVHY) is on a deal-making spree, and that added heft could make it harder and more expensive for MGM Resorts International (NYSE:MGM) to potentially revisit a takeover bid for the Ladbrokes owner. Last week, Entain announced it is acquiring 75%...
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...
