5449 stories by Todd Shriber
DraftKings’ Scrapped Entain Bid Raises Concerns and Questions, Says Analyst
In one of this week's biggest gaming industry stories, DraftKings (NASDAQ:DKNG) said Tuesday it won't move forward with an effort to acquire Entain Plc (OTC:GMVHY). Investor reaction to the news was initially positive, owing to the fact that the Boston-based company floated...
Brookfield Business Partners LP Bags SG Lottery for $6.05B
Ending weeks of speculation about the unit's fate, Scientific Games (NASDAQ:SGMS) said late Wednesday it is selling its SG Lottery business to Brookfield Business Partners LP (NYSE:BBU) for $6.05 billion. The Canadian private equity shop is shelling out $5.825 billion in cash...
PlayAGS Stock Has Double Potential as Cash Flow, Installs Rise, Says Analyst
PlayAGS (NYSE:AGS) is soaring, ranking as one of Wednesday's best-performing gaming equities. That's after a sell-side analyst said the stock can more than double as the gaming supplier's free cash flow (FCF) and installation base increase. In a note to clients today,...
Boyd Gaming Buying Back $300M in Shares, Analyst Says Stock Still Undervalued
Boyd Gaming's (NYSE:BYD) third-quarter earnings report was solid, and the company is rewarding investors with a $300 million share repurchase program. After the close of US markets Tuesday, the regional casino operator said it earned $1.30 a share on revenue of $843.06...
Monarch Casino Sizzles Following Q3 Results, Analyst Sees More Upside
Monarch Casino & Resort (NASDAQ:MCRI) stock is on a blistering pace today after the regional casino operator reported third-quarter results that easily beat Wall Street estimates. That prompted at least one analyst to boost forecasts on the company. After the close of...
Golden Entertainment is Golden Gaming Stock, Says JPMorgan
Golden Entertainment (NASDAQ:GDEN) stock is one of Monday's best-performing gaming equities after the Strat operator drew praise from JPMorgan. JPMorgan analyst Omer Sander initiated coverage of Golden Entertainment with an “overweight” rating and $60 price target, implying upside of 23 percent from...
Bellagio Bidding Adieu to Famed Picasso Collection
Saturday, October 23 was the last day the general public could view Bellagio's prized collection of Pablo Picasso artwork before the pieces are auctioned. Bellagio, operated by MGM Resorts International, held a free art show called “Picasso: Masterworks from the MGM Resorts...
SportsMap Tech Acquisition Raises $115M in IPO, Could Pursue Betting Deals
SportsMap Tech Acquisition Corp. (NASDAQ:SMAPU), a special purpose acquisition company (SPAC), raised $115 million in its initial public offering (IPO) as it prepares to hunt for merger partners. Blank-check companies encountered some headwinds earlier this year. But the vehicle remains popular in...
Lottery.com SPAC Shares Soar on Bullish Revenue Forecast
Shares of Trident Acquisitions Corp. (NASDAQ:TDAC), the special purpose acquisition company (SPAC) merging with Lottery.com, are soaring again Thursday. That's after the internet lottery retailer delivered bullish third-quarter revenue guidance. In midday trading, shares of the blank-check company are higher by 9...
Apollo, Brookfield Mulling Bids for Scientific Games Lottery Arm
Apollo Global Management (NYSE:APO) and Brookfield Asset Management's private equity division are reportedly considering making offers for Scientific Games' (NASDAQ:SGMS) SG Lottery unit. That news emerges soon after the Las Vegas-based slot machine manufacturer pared the size of an SG Lottery initial...
