5402 stories by Todd Shriber
Scientific Games Reportedly Considering Australia Listing for Lottery Business
Scientific Games (NASDAQ:SGMS) is evaluating an Australian initial public offering (IPO) for the lottery business the company is planning to divest. Last week, the gaming equipment manufacturer said it's parting with the lottery unit and its Don Best sports wagering arm. It...
Engine Media Hits DraftKings with Patent Infringement Suit
Engine Media Holdings, Inc. (NASDAQ:GAME) is suing DraftKings (NASDAQ:DKNG). They claim the online sportsbook operator infringed on patents owned by the Canadian company's WinView unit. In a complaint filed in the United States District Court for the District of New Jersey, Toronto-based...
Las Vegas Sands, Penn National Stocks Upside Potential Touted by Goldman Sachs
Las Vegas Sands (NYSE:LVS) and Penn National Gaming (NASDAQ:PENN) make the cut on a Goldman Sachs list of 10 stocks with the biggest return potential over the next year. The Wall Street bank released the list Wednesday, and it includes some qualifiers....
Elys Game Technology Paying up to $53.8M for US Bookmaking
Elys Game Technology (NASDAQ:ELYS), a gaming technology provider, said today it's acquiring Bookmakers Company US for $12 million in cash and equity. While that's the upfront price, Elys could ultimately dole out up to $53.8 million for the company known as US...
Surprising Sports Could Power Future of Wagering, Survey Says
In the US, the NFL is the most popular, most watched sports league. And football, including college, is the most wagered-on sport. But in what may come as a surprise to some, NFL fans aren't all that interested in betting. That's one...
Atari Scraps Online Casino, Takes $6M Charge on Lost Effort
Video game giant Atari's foray into the world of online casinos was a brief one. The company announced Monday turning its focus to premium games and closing its casino in Africa. In a statement released on Monday, the company said it's shifting...
Flutter Entertainment Stock Inexpensive, Earns Upgrade
Due to an array of factors, Flutter Entertainment (OTC:PDYPY) stock wasn't the cream of the crop among gaming equities in the first half of the year. But at least one research firm sees opportunity in shares of the FanDuel parent. In a...
Tabcorp Spurns Apollo, Entain, Plans Spinoff of Keno, Lottery Unit
Australian gaming operator Tabcorp has rebuffed multiple suitors for its media and sports wagering businesses. Instead, it declared Monday it will spin-off its keno and lottery units into a separate publicly traded entity, ending months of speculation about the fate of what...
Las Vegas Sands Still Preferred Way to Play Macau Rebound
Las Vegas is abuzz with activity again, and regional casinos have long since shaken off the effects of the coronavirus pandemic. But Macau is lagging, pressuring some of the largest gaming equities in the process. Down 11 percent year-to-date, Las Vegas Sands...
Gopher Investments Bids $250M for Playtech Finalto Unit, Tops Management-Led Offer
Gopher Investments is offering $250 million in cash to acquire Playtech's (OTC:PYTCY) Finalto business. It's a bid the suitor says is well ahead of the pitch made by Finalto management. The investment firm's pitch is $80 million, or 47 percent above what...
