5402 stories by Todd Shriber
GAN Acquires Silverback, Increasing Online Casino Games Portfolio
GAN Ltd. (NASDAQ:GAN) announced today it's acquiring online casino game developer Silverback Gaming -- a deal that adds to the buyer's roster of internet casino games. Financial terms of the transaction weren't disclosed. Privately held Silverback has offices in Bulgaria and the...
Vietnam’s VNG Looking to Raise up to $300M, Eyes US Listing
VNG Corp., the fast-growing Vietnamese online gaming operator, is looking to raise up to $300 million and is considering listing on a US bourse. Reports recently surfaced that VNG, backed by Singapore's sovereign wealth fund GIC Pte., is looking to raise $200...
Caesars, MGM Selloffs Creating Buying Opportunities, Says Analyst
Shares of MGM Resorts International (NYSE:MGM) and Caesars Entertainment (NASDAQ:CZR), the two largest operators on the Las Vegas Strip, are each off nearly 11 percent over the past month. However, at least one analyst believes those pullbacks will prove to be buying...
DraftKings Lands NFL Non-Fungible Token Deal
DraftKings (NASDAQ:DKNG) is boosting its footprint in the booming non-fungible token (NFT) arena. The company announced today that it reached a deal with the NFL Players Association (NFLPA) to roll out “gamified” NFT collections. The agreement also includes OneTeam Partners, a firm...
Esports Technologies Rallies After Landing UK License
Shares of Esports Technologies (NASDAQ:EBET) are getting a lift after the company said it procured access to a UK gaming permit. COO Bart Barden calls the move a “massive strategic milestone.” The provider of esports wagering platforms and related technologies is higher...
Flutter Entertainment Stock Undervalued After Gaming Stocks Stumble
There's been an acute weakness in gaming equities in recent weeks, including those with significant sports wagering exposure. As a result, names such as Flutter Entertainment (OTC:PDYPY) are undervalued in the eyes of some market observers. In a note to clients today,...
Fanatics Could Be Suitor for TwinSpires, According to Analyst
Speculation surfaced last week that Churchill Downs (NASDAQ:CHDN) is shopping its TwinSpires Racing unit. At least one market observer sees a familiar name potentially making a bid. Roundhill Investments analyst Brian Lichtor says it's likely Fanatics will be mentioned as a possible...
Accel Entertainment Stock Offers Holiday Treat Possibilities, Says Analyst
On a mixed day for gaming equities, Accel Entertainment (NYSE:ACEL) stock is trading higher after a Wall Street analyst upgraded the shares and lifted his price target. In a note to clients today, Macquarie analyst Jordan Bender upgrades the distributed gaming company...
DraftKings CEO Jason Robins Fires Back at Short Seller Chanos, Says Claims Are Baseless
DraftKings CEO Jason Robins is clapping back at Kynikos Associates founder Jim Chanos, who yesterday revealed a short position in the online sportsbook operator. On Thursday, Chanos noted he's short richly valued emerging growth stocks that aren't profitable, including DoorDash (NYSE:DASH) and...
FAST Acquisition Balks at Fertitta Merger Termination, Could Mean Court Battle
FAST Acquisition (NYSE:FST), the blank-check company that in February agreed to merge with Tilman Fertitta's Fertitta Entertainment (FEI), isn't playing ball with the Texas billionaire's efforts to scrap that agreement. That potentially sets the stage for a legal fight. In February, the...
