5449 stories by Todd Shriber
MGM In Early Talks to Sell Mirage Operating Rights, Suitor List Likely Long
MGM Resorts International (NYSE:MGM) confirmed on its third-quarter earnings conference call Wednesday that it has commenced the sale process for the Mirage on the Las Vegas Strip. That brings an end to long-running speculation about the fate of the integrated resort. The...
Scientific Games Stock Handed Downgrade After Sizzling Run
Following a torrid pace that's seen the slot machine manufacturer's shares nearly double this year, Scientific Games (NASDAQ:SGMS) stock is contending with a downgrade today. In a note to clients, Stifel analyst Jeffrey Stantial lowers his rating on the gaming technology company...
Caesars Eyeing Las Vegas Strip Asset Sale in Early 2022, Says CEO Tom Reeg
Long-running scuttlebutt regarding when Caesars Entertainment (NASDAQ:CZR) will sell a property on the Las Vegas Strip could morph from chatter to reality early next year. Amid a flurry of high profile Strip asset sales this year, including the Venetian and Sands Convention...
IGT Wins Rights for Marilyn Monroe Lottery Tickets, Scores iGaming Deal
International Game Technology (NYSE:IGT) is extending a brisk pace of adding new business, as the slot machine manufacturer said it's adding fresh iGaming and lottery accords to its portfolio. Late Monday, IGT said it notched a multi-year licensing agreement with Authentic Brands...
DraftKings Stock Slumps Following Tepid Morgan Stanley Call
DraftKings (NASDAQ:DKNG) stock is tumbling Tuesday after Morgan Stanley resumed coverage of the online sportsbook operator with a lukewarm assessment. In a note to clients today, analyst Thomas Allen restarts coverage of DraftKings with an “equal-weight” grade and a price target of...
DraftKings, FanDuel Reportedly Bidding for The Athletic
DraftKings (NASDAQ:DKNG) and rival FanDuel are among the companies reportedly bidding for The Athletic after talks with other media outlets fell apart. The Athletic is a subscription-based sports media entity backed by investors including Courtside Ventures, Founders Fund, and Powerhouse Capital. It...
Sportradar Lands Exclusive Betting Data Accord with UEFA
Sportradar (NASDAQ:SRAD) announced today it has inked an agreement with the Union of European Football Associations (UEFA). The pact calls for Sportradar to be the federation's exclusive data provider for the UEFA Champion's League, UEFA European Championships and other football (soccer) competitions....
Lottery.com Closes SPAC Deal, Debuts on Nasdaq Monday
AutoLotto, which does business as Lottery.com, has closed its merger with special purpose acquisition company (SPAC) Trident Acquisitions Corp. (NASDAQ:TDAC). The deal concluded on Friday, Oct. 29 and it will debut as a freestanding public company on Monday, Nov. 1. The online...
VICI Investors Approve Share Issuance for MGM Growth Properties Acquisition
VICI Properties (NYSE:VICI) shareholders have approved the issuance of a massive amount of new equity. The goal is to fund the company's $17.2 billion all-stock acquisition of rival MGM Growth Properties (NYSE:MGP). The Caesars Palace owner said in August it's acquiring MGM...
Bally’s Bidding for Chicago Casino License, Pledges $1.6B Investment
Bally's Corp. (NYSE:BALY) is eyeing Chicago as the site of its flagship gaming property. It submitted a proposal to city officials pledging a $1.6 billion investment for an integrated resort in the third-largest US city. The Rhode Island-based gaming company announced the...
