5402 stories by Todd Shriber
DraftKings’ Entain Offer Seen Stoking More Sports Betting M&A, Say Analysts
Market participants are digesting the news that DraftKings (NASDAQ:DKNG) is proposing a $22.4 billion cash and stock acquisition of Entain Plc (OTC:GMVHY). Some analysts are saying talks between the two gaming companies could spur more consolidation in the sports wagering industry. On...
Michael Jordan Boosts Sportsradar Investment, Takes Special Advisory Role
Michael Jordan is boosting his equity stake in Sportradar (NASDAQ:SRAD) and joining the newly public company as a special advisor to the board of directors. Sportradar, a provider of sports betting data, went public last week, raising more than $670 million after...
MGM Monitoring DraftKings/Entain Situation, Says Consent Needed for Transaction
MGM Resorts International (NYSE:MGM) is making its voice heard in the matter of DraftKings (NASDAQ:DKNG) delivering a $20 billion takeover offer for Entain Plc (OTC:GMVHY). In a stunning move, DraftKings is offering $20 billion in cash and equity for Entain. Entain is...
DraftKings Shocks Sports Betting World, Makes $20B Offer for Entain
DraftKings (NASDAQ:DKNG) is reportedly courting Entain Plc (OTC:GMVHY) at a price tag of $20 billion. It's news that's sending shockwaves throughout the sports betting universe. Citing unidentified sources, CNBC reports DraftKings is offering $20 billion in cash and equity for the Ladbrokes...
Barstool Met with DraftKings, Other Gaming Companies Prior to Penn Deal
Barstool Sports held talks with DraftKings (NASDAQ:DKNG) and other gaming companies prior to sealing a deal last year with Penn National Gaming (NASDAQ:PENN). Barstool finally concluded a deal with Penn that sets the stage for the casino operator to eventually own the...
Boom Raises $15M From Former MGM CEO Jim Murren, Patriots Owner Robert Kraft, Others
Boom Entertainment, the maker of predictive gaming apps, said investors are pouring $15 million into the company in its first capital raise. The funding round was led by Sand Capital Management. That investor is not related to the casino operator Las Vegas...
NeoGames Stock Decline Belies Potentially Favorable Setup
NeoGames (NASDAQ:NGMS) stock is down 10.65 percent over this month, and off 51 percent from its 52-week high. But at least one sell-side analyst is saying that selloff is a case of too much, too soon, and believes shares of the iLottery...
Scientific Games Lottery IPO in Australia Inching Closer to Reality
Scientific Games (NASDAQ:SGMS) is reportedly moving closer to listing its lottery business in Australia in an initial public offering (IPO). That could be worth as much as $5 billion. SG Lottery provides the systems used to generate Mega Millions and Powerball tickets....
Wynn Macau Gets $1.5B Loan, But Two Analysts Downgrade Wynn Stock
Amid a week of regulatory upheaval that battered its shares, Wynn Macau procured a $1.5 billion credit revolver. But that didn't prevent two analysts from downgrading the US parent, Wynn Resorts (NASDAQ:WYNN). In a Friday filing to the Hong Kong Stock Exchange,...
US iGaming, Sports Betting Could Hit $40B if 50 States Join Party
In one of the biggest forecasts to date on internet casino and sports betting revenue, Eilers & Krejcik Gaming estimates that figure could ascend to $40 billion if all 50 states join the live and legal fray. As of the end of...
