5449 stories by Todd Shriber
Wynn Interactive CEO Billings Open to Mergers and Acquisitions
Wynn Interactive is nearing its debut as a public company, and ahead of that launch, CEO Craig Billings is open to merger and acquisition opportunities. In an interview with Bloomberg, Billings says the upstart online gaming unit of Wynn Resorts (NASDAQ:WYNN) is...
Another Sports Betting ETF Is Heading to Market
In the latest sign of enthusiasm for the next generation of gaming equities, a second sports wagering exchange-traded fund (ETF) could soon come to market. ETF Series Solutions (ESS), a multiple series trust (MST), filed plans with the Securities and Exchange Commission...
BetMGM, FOX Bet, Two Others Becoming NFL-Approved Sportsbook Operators
Today, the NFL struck deals with BetMGM, FOX Bet, PointsBet, and WynnBET as approved sportsbook operators for the 2021 season. Financial terms of the agreements weren't disclosed, but the gaming firms are paying the NFL for the privilege. The companies are eligible...
NFL Forecasts $270M in 2021 Revenue from Casino, Sportsbook Agreements
The NFL, a league once stridently opposed to gambling, estimates it will generate $270 million in revenue this year through agreements with casino companies and sportsbook operators. That figure potentially surges to $1 billion during the current decade. Since the the 2018...
Caesars Inherits 24.5 Percent NeoGames Stake Through William Hill Acquisition
Caesars Entertainment (NASDAQ:CZR) is getting a nice sweetner, thanks to its recently completed acquisition of William Hill: A stake in iLottery provider NeoGames (NASDAQ:NGMS). In a Schedule 13G filing with the Securities and Exchange Commission (SEC) released Friday, Caesars revealed it owns...
ESPN Seeking $3B Sportsbook Licensing Deal, Held Talks with Caesars, DraftKings
Walt Disney's (NYSE:DIS) ESPN unit is reportedly shopping its iconic brand to sportsbook operators in a bid to potentially land a $3 billion, multi-year pact. The Wall Street Journal reported this afternoon that “the worldwide leader in sports” already held discussions with...
Bragg Gaming Makes Nasdaq Debut
Canadian gaming technology provider Bragg Gaming launched on the Nasdaq Stock Market, becoming the latest foreign gaming company to land a US listing. Bragg is trading in New York under the ticker “BRAG.” That's the same symbol it uses on the Toronto...
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...
