5082 stories by Todd Shriber
Apollo Looking to Merge Yahoo! Sports with Sportsbook Operator
Apollo Global Management (NYSE:APO) is reportedly holding early stage talks about merging Yahoo! Sports with a sports wagering company. CNBC reported the news earlier today, citing unidentified sources that say the private equity company is discussing a possible transaction with Australia’s PointsBet...
Las Vegas NBA Rumor Heating Up, Pundit Says LeBron James Could Be Involved
This is supposed to be the year in which Las Vegas learns its fate as a potential home of an NBA franchise. While an official announcement from the league hasn't materialized, one pundit believes the association's marriage with the US casino center...
DraftKings CEO 2021 Pay Slides, Still 137 Times in Excess of Median Employee
DraftKings (NASDAQ:DKNG) cofounder and CEO Jason Robins saw his 2021 total compensation tumble, as shares of the sports betting operator did the same. His total pay declined to $14.03 million in 2021 from a staggering $236.83 million the prior year. However, no...
IGT Stock Tumbles Despite Solid 2022 Outlook
Shares of International Game Technology (NYSE:IGT) are plunging Tuesday. That's despite the slot machine manufacturer issuing first-quarter and full-year guidance that, at the high end of the ranges, exceeds consensus estimates. In midday trading, IGT stock is lower by 15.12 percent on...
Rush Street Interactive Likely to Beat Q4 Estimates, Says Analyst
Rush Street Interactive (NYSE:RSI) is scheduled to deliver fourth-quarter results after the close of US markets on Wednesday, March 2. At least one analyst is optimistic about what the gaming company will tell investors. In a new note to clients, Roth Capital...
Bally’s Downgraded as Analyst Sees Investment Cycle Trying Investor Patience
Shares of Bally's (NYSE:BALY) are trading lower to start the week after an analyst downgraded the casino operator. In a note to clients today, Jefferies analyst David Katz lowered his rating on the Rhode Island-based gaming company to “hold” from “buy,” while...
IGT Selling Italian Payments Unit for $788M
International Game Technology (NYSE:IGT) announced today its IGT Lottery S.p.A. is selling its Italian proximity payment business to PostePay S.p.A. -- Patrimonio Destinato IMEL -- for $788.31 million. IGT's board of directors approved the transaction, which is slated to close in the...
Golden Entertainment Graduates to Small-Cap Index
Golden Entertainment (NASDAQ:GDEN) is earning a notable equity index promotion, as the stock is heading toward the S&P SmallCap 600 Index. Standard & Poor's (S&P), one of the largest providers of equity benchmarks, made the announcement after the close domestic markets last...
International Game Technology Inks 20-Year Extension with Rhode Island Lottery
International Game Technology (NYSE:IGT) said Friday it agreed to a wide-ranging, 20-year contract extension with the Rhode Island Lottery. The lottery operator and slot machine manufacturer has a lengthy history in the state. While financial terms (it's likely worth $1 billion) of...
Esports Entertainment Endures Miserable Week, Analyst Highlights Liquidity Issues
Esports Entertainment Group (NASDAQ:GMBL) shed nearly two-thirds of its value this week. That's after the company missed fourth-quarter estimates and cut 2022 guidance, prompting an analyst to question the firm's liquidity position. Earlier this week, the Malta-based gaming and sports betting company...
