5449 stories by Todd Shriber
Macau Stock Investors Ponder SOE Specter, Golden Week Restrictions
Shares of Macau casino operators trading in the US are soaring Monday on a day of strength in the broader gaming complex. But investors remain jittery amid coronavirus restrictions ahead of the October Golden Week holiday and fears of increased government interference...
Blackstone Selling Cosmopolitan Las Vegas for $5.65B in Lucrative Asset Trade
Blackstone (NYSE:BX) is selling Cosmopolitan of Las Vegas for $5.65 billion, meaning the private equity behemoth nearly tripled its investment on the Strip venue seven years after acquiring it. As was widely expected, MGM Resorts International (NYSE:MGM) is involved in the deal....
Wynn CEO Maddox Says Macau Will Rebound, Sees Strong Demand
Wynn Resorts (NASDAQ:WYNN) and competitors are facing a variety of regulatory and coronavirus-related headwinds in Macau. But CEO Matt Maddox remains optimistic on the outlook for the world's largest casino center. In a Thursday interview with “Mad Money” host Jim Cramer on...
ESPN Could Be Eyeing Rush Street Interactive Acquisition
The sports betting consolidation rumor mill continues chugging along, turning up fresh speculation that ESPN could be considering a bid for Rush Street Interactive (NYSE:RSI). Sports merchandise giant and aspiring sportsbook operator Fanatics was recently tied to acquisition rumors involving RSI. But...
Scientific Games Will Retain Minority Stake in SG Lottery IPO
Scientific Games (NASDAQ:SGMS) said that if an initial public offering (IPO) for its SG Lottery unit materializes, it will sell the majority of that equity to outside investors. In late June, the gaming equipment maker said it will divest its lottery management...
Las Vegas Sands, Wynn Lure Retail Traders as Stocks Slump
Amid the specter of intensifying regulatory scrutiny in Macau, Las Vegas Sands (NYSE:LVS) and Wynn Resorts (NASDAQ:WYNN) are two of the worst-performing gaming stocks this month. But that's not stopping some investors from embracing the casino names. Data from Vanda Research indicates...
Genius Sports Insiders Selling 6.62 Million Shares, NFL Has Substantial Stake in Company
In a filing with the Securities and Exchange Commission (SEC), Genius Sports (NYSE:GENI) revealed some insiders and early investors at the company are selling more than 6.62 million shares of stock. They also revealed that the NFL is one of its largest...
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...
