5082 stories by Todd Shriber
Fox Earns Analyst Upgrade on Sports Betting Potential
Media giant Fox Corp. (NASDAQ:FOX) landed an upgrade today from UBS on the broadcasting giant's sports betting potential, which may not be fully appreciated by investors at this point. In a note to clients today, UBS analyst John Hodulik lifts his rating...
Playtika Plunges as Chinese Investor Mulls Massive Share Sale
Mobile gaming company Playtika (NASDAQ:PLTK) is tumbling today after it revealed its largest investor is considering selling a portion of its stake in the Israeli company that could be equal to as much as 25 percent of the shares outstanding. In midday...
Wynn Reportedly Shopping Wynn Interactive Unit at Fire Sale Price of $500M
Wynn Resorts (NASDAQ:WYNN) is reportedly looking to offload its Wynn Interactive unit at the steeply discounted price of $500 million. The rumor, which was originally reported by The New York Post earlier today, emerges nine months after Wynn reached an agreement with...
Allwyn Entertainment Merging with SPAC in $9.3B Enterprise Value Deal
European lottery giant Allwyn Entertainment is merging with special purpose acquisition company (SPAC) Cohn Robbins Holdings (NYSE:CRHC). It is a transaction carrying an expected enterprise value of $9.3 billion. The deal provides an avenue for the company formerly known as Sazka Entertainment...
Playtech $2.9B Offer Yanked By Eddie Jordan, Stock Plunges
Shares of gaming technology provider Playtech (LSE:PTEC) plunged 20.67 percent today on volume that was more than triple the daily average. That's after JKO Play Ltd. withdrew a $2.9 billion takeover offer. JKO Play is led by former Formula One team owner...
Fubo Gaming, Houston Dynamo Ink Richest MLS Sports Wagering Pact
Fubo Gaming, the sports wagering unit of fuboTV (NYSE:FUBO), and Major League Soccer's (MLS) Houston Dynamo Football Club have announced a sports betting partnership. The deal could be worth nearly $180 million and stands as the richest in MLS history. The deal...
DraftKings Slump Continues as Two Analysts Pare Price Targets
DraftKings (NASDAQ:DKNG) stock is probing new lows Friday. That's extending a slide that's seen the sportsbook operator shed nearly a quarter of its value just this month after two sell-side analysts trimmed price targets on the shares. In midday trading, DraftKings is...
International Game Technology Elevates Sadusky to CEO
International Game Technology (NYSE:IGT) is reshuffling the top executive spot at the company, saying today Vincent Sadusky will become chief executive officer on Jan. 24. Sadusky replaces Marco Sala, who is becoming chairman of the board, and likely CEO as well, at...
Macau Gaming Law Alterations Credit Positive for Concessionaires, Says Moody’s
Macau's recently revealed proposals to alter the special administrative region's (SAR) gaming laws are “credit positive” for the six concessionaires operating there, according to Moody's Investors Service. Last week, authorities in the world's largest casino center unveiled proposals to gaming law, including...
Penn National Casino Business Is Undervalued, Says Analyst
Off the coronavirus market bottom in March 2020, and deep into the first quarter of 2021, Penn National Gaming (NASDAQ:PENN) was one of the best-performing domestic equities of any stripe. Enthusiasm for online casinos and sports wagering was a big reason why...
