5082 stories by Todd Shriber
Take-Two Interactive Scoops Up ‘FarmVille’ Maker Zynga for $12.7B
Video game producer Take-Two Interactive (NASDAQ:TTWO) is acquiring mobile games maker Zynga Inc. (NASDAQ:ZNGA) in a transaction carrying an enterprise value of $12.7 billion. The cash and equity deal values the “FarmVille” producer at $9.86 a share -- a more than 64...
Caesars, Wynn Among Stifel Top 2022 Gaming Equity Ideas
Amid the spread of the omicron variant of the coronavirus and a disappointing December jobs report, travel and leisure stocks slumped last week. That underscored the point that investors must be selective in the space this year. Along those lines, Stifel analyst...
International Game Technology to Develop WWE Lottery Games
It's a lottery royal rumble, as International Game Technology (NYSE:IGT) is teaming up with the WWE (NYSE:WWE) to launch wrestling-themed lottery games. The lottery operator and slot machine manufacturer said it signed a multi-year licensing agreement with the WWE to develop and...
New York Sports Wagering Negative Catalyst for DraftKings, Says Analyst
One of this week's biggest stories in the gaming industry is that mobile sports wagering is going live in New York on Saturday, Jan. 8. But at least one analyst says that for operators, the news isn't all it's cracked up to...
Fertitta Aiming for $250M Payment in Upcoming Bond Sales
Earlier this week, Tilman Fertitta’s Fertitta Entertainment (FEI) announced the sale of $5.55 billion worth of corporate bonds. It appears the billionaire owner may be wetting his beak to the tune of $250 million, according to sources with knowledge of the debt...
Las Vegas Lands 2025 College Football Playoff Title Game
The College Football Playoff (CFP) national championship game is reportedly heading to Las Vegas in January 2025. An official announcement won't occur until CFP officials render a decision on whether or not to expand the current four-team field. But unidentified sources tell...
DraftKings, FanDuel Miss Out on The Athletic
DraftKings (NASDAQ:DKNG) and FanDuel are two of the most obvious rivals in the daily fantasy sports (DFS) and sports wagering industries. Both are missing out on a coveted media asset. The New York Times Co. (NYSE:NYT), owner of the eponymous newspaper, is...
Fanatics Reportedly Mulled PointsBet Acquisition, Passed on Deal
Fanatics has a well-documented desire to enter the sports wagering arena. It may have held takeover talks with Australia's PointsBet (OTC:PBTHF), before ultimately deciding against the deal. Two unidentified sources tell the New York Post that about a year ago, Fanatics was...
MGM Stock Named ‘High Conviction’ Reopening Idea by Credit Suisse
MGM Resorts International (NYSE:MGM) stock is getting a boost today. That's after Credit Suisse named the largest operator on the Las Vegas strip one of its top four reopening trade ideas for 2022. In a note to clients today, analyst Benjamin Chaiken...
Golden Nugget Plans $5.55 Billion in Bond Sales
Golden Nugget, the land-based casino business controlled by billionaire businessman Tilman Fertitta, could sell $5.55 billion worth of corporate bonds to refinance previously issued debt at more favorable terms. The gaming operator will reportedly sell $1.85 billion worth of seven-year leveraged loans...
