5449 stories by Todd Shriber
Some Playtech Investors Support Aristocrat Takeover, JPMorgan Forecasts Deal Collapse
A pair of major Playtech (LSE:PTEC) investors are voicing support for Aristocrat Technologies' $2.8 billion takeover offer for the gaming software company. But JPMorgan analysts say the deal is heading for failure. Abrdn Plc and TIG Advisors LLC, which own a combined...
Bally’s Has Big Plans for Tropicana Las Vegas, Demolition Possible
Bally's (NYSE:BALY) is planning significant changes at Tropicana Las Vegas when it comes to its acquisition of that venue. The buyer could even knock the history-rich casino-resort down and start over. In an interview with the Las Vegas Review-Journal, Bally's Chairman Soo...
Genius Sports Forecasts 2022, 2023 Profitability, Significant Revenue Increases
Genius Sports (NYSE:GENI) is hosting its investor day today, and in advance of that event, the sports betting data provider offered up bullish profitability and revenue forecasts for this year and 2023. The company said it expects revenue of $340 million this...
Wynn Could Generate 20 Percent ROI on $2B UAE Project
On Tuesday, Wynn Resorts (NASDAQ:WYNN) surprised many in the gaming industry when it revealed plans for an integrated resort on Al-Marjan Island in the United Arab Emirates, a region not synonymous with casino gaming. But it could be a lucrative endeavor for...
DraftKings Soars Amid Hope Morgan Stanley Upgrade Marks Bottom
DraftKings (NASDAQ:DKNG) ranks as one of Wednesday's best-performing gaming equities. It rose on hopes that an upgrade from Morgan Stanley analyst Thomas Allen marks an end to a long-running slide for the online sportsbook operator. In a note to clients today, Allen...
Standard General Bally’s Bid Could Be Floor, Not Ceiling, Say Analysts
Bally's (NYSE:BALY) stock is trading higher Wednesday, following through on an epic Tuesday rally sparked by a $38 per share takeover offer from Standard General. Some analysts believe the bid could represent an effort to put a floor under the previously faltering...
Super Group, Sports Entertainment Acquisition Approve Merger
Blank-check firm Sports Entertainment Acquisition Corp. (NYSE:SEAH) said today its investors approved a merger with Super Group. That paves the way for the Betway parent to become a freestanding publicly traded company. The special purpose acquisition company (SPAC) is combining with SGHC...
Caesars Stock Tipped as Rebound Idea
Gaming equities are mired in multi-month slides, and Caesars Entertainment (NASDAQ:CZR) is no exception. But some traders believe the stock is a prime candidate to bounce back. Even with the benefit of an epic rally off the intraday lows on Monday, the...
Hawaii Five-Five: Legislator’s Sports Betting Bill Proposes Staggering 55% Tax Rate
At 51 percent, New York currently has the highest tax rate on sports betting in the US. Hawaii might be ready to say, “Hold my beer.” In House Bill 1815 (HB 1815), Rep. John Mizuno (D) proposes a jaw-dropping 55 percent levy...
Fox Earns Analyst Upgrade on Sports Betting Potential
Media giant Fox Corp. (NASDAQ:FOX) landed an upgrade today from UBS on the broadcasting giant's sports betting potential, which may not be fully appreciated by investors at this point. In a note to clients today, UBS analyst John Hodulik lifts his rating...
