5402 stories by Todd Shriber
Wynn Interactive Among Most ‘Investor-Aligned’ SPAC Deals
Wynn Resorts' (NASDAQ:WYNN) plan to take its Wynn Interactive unit public via a merger with a special purpose acquisition company (SPAC) is a rare example of such a deal that's aligned with investors' interests. That's according to SPACTrack.net, a research firm tracking...
Caesars Buys Out Horseshoe Baltimore Partner, Stake Now 76 Percent
Caesars Entertainment (NASDAQ:CZR) is acquiring a minority interest in Horseshoe Baltimore from one of its joint venture partners. The Nevada-based gaming giant made the announcement after the close of US markets today. Financial terms of the deal weren't disclosed. As a result...
Monarch Casino Executive Departure Doesn’t Dent Bull Thesis, Say Analysts
Shares of Monarch Casino & Resort (NASDAQ:MCRI) are holding up well this week as investors digest news of COO David Farahi's departure from the gaming company. The Reno-based operator made the announcement Tuesday, noting Farahi is leaving on Sept. 3 to pursue...
Caesars Sports Betting, iGaming Deserve More Credit, Says Morgan Stanley
Caesars Entertainment (NASDAQ:CZR) is making clear its intent to be a force in internet casinos and online sports wagering. But those ambitions and the company's ability to execute on them may not be getting enough credit among investors, argues an analyst. In...
ARK Invest Adds Nearly $61M of DraftKings Stock Across Three Funds
Cathie Wood's ARK Investment Management continues embracing DraftKings (NASDAQ:DKNG). The growth fund manager gobbled up $60.6 million worth of the sportsbook operator's shares on Tuesday, Aug. 24. The New York-based fund manager known for taking stakes in companies it views as innovative...
MGM Could Make Run at Skillz and Flutter, Says Report
Sportsbook operator Flutter Entertainment (OTC:PDYPY) and mobile games provider Skillz (NYSE:SKLZ) are possible takeover targets as consolidation looms over the fast-growing iGaming and sports wagering industries. FanDuel parent Flutter and Skillz, a company that's been public for less than a year, could...
Scientific Games Buys Sideplay Entertainment, Bolstering iLottery Offerings
Scientific Games (NASDAQ:SGMS) is acquiring Sideplay Entertainment in an effort to add to its roster of internet lottery offerings. Financial terms of the deal for closely held Sideplay weren't disclosed, nor did a statement issued by the companies include a date when...
Penn National Bringing Barstool Sportsbook to New Jersey Next Week
Penn National Gaming (NASDAQ:PENN) popped nearly four percent on Friday. That was amid speculation that the company's Barstool Sportsbook app launched in quiet, partial fashion in New Jersey this week. There was expectation that an official, full state launch is slated for...
Super Group Posts $762.6M in First Half Sales, Expects SPAC Deal in Q4
Super Group said it generated net gaming revenue of $762.6 million in the first six months of the year. The comapny is the parent of the online betting firm Betway. The gaming operator added its earnings before interest, taxes, depreciation and amortization...
WynnBET Bringing Wynn Rewards to iGaming, Sports Betting Platform
Wynn Resorts is bringing its customer loyalty program to WynnBET, the operator's online casino and sports wagering platform. Wynn Rewards will be integrated into the fast-growing internet wagering offering so patrons can earn rewards points through desktop and mobile play. Members of...
