5361 stories by Todd Shriber
Genius Sports Stock Still Genius Idea Even with Recent Surge, Says Analyst
Clearly, there's something about football season and its impact on sports wagering equities. Genius Sports (NYSE:GENI) stock is flirting with a gain of eight percent this week and is higher by 21.6 percent over the past month. That torrid pace isn't preventing...
MGM CFO Jonathan Halkyard Details BetMGM Global Ambitions
MGM Resorts International (NYSE:MGM) CFO Jonathan Halkyard says the company is working on plans to make the BetMGM iGaming and sports wagering business a global brand. The executive made the remarks at the Bank of America Securities 2021 Gaming and Lodging Conference...
Sands Primary Markets Won’t Return to Pre-Pandemic Levels Until 2023-24, Says Fitch
Las Vegas Sands (NYSE:LVS) maintains an investment-grade credit rating from Fitch Ratings. But the research firm has a negative outlook on that grade, noting it will take time for the operator's marquee gaming markets to rebound. In a recent note, Fitch reiterates...
International Game Technology Forming Dedicated iGaming, Sports Betting Unit
International Game Technology (NYSE:IGT) is tapping into the booming internet casinos and sports wagering industries, announcing the creation of a dedicated digital and betting unit. The London-based company's iGaming and sports wagering enterprises were previously part of its global gaming segment. Enrico...
VICI Properties Selling Stock to Fund Venetian Purchase, Reduce Debt
VICI Properties (NYSE:VICI) stock is sliding in early trading Thursday after the gaming real estate investment trust (REIT) said it's selling up to 115 million shares to raise capital. The owner of Caesars Palace revealed the offer late Wednesday, sparking a sell-off...
Apollo Mulling Run at Scientific Games Lottery Business
Private equity firm Apollo Global Management (NYSE:APO) is reportedly considering making an offer for Scientific Games' (NASDAQ:SGMS) lottery business. The rumor surfaces as Apollo was bested in its quest to acquire William Hill's international businesses, assets 888 Holdings is purchasing from Caesars...
Entain Draws Analyst Praise, Seen as Top 2021 UK Takeover Target
Entain Plc (OTC:GMVHY), the owner of the Coral and Ladbrokes betting shops, is earning positive reviews from some sell-side analysts and continues to be viewed as a prime takeover target. In a note to clients today, Jefferies analyst James Wheatcroft reiterates a...
BetMGM Getting Into Gift Card Game, Available in Select States
BetMGM announced today that it's making gift cards available in select states where the gaming operator is live and legal. The iGaming and online sportsbook company is partnering with New York-based payments provider TAPPP to offer gift cards. The news arrives just...
Sportsradar IPO Could Value Company at up to $8.3B, Double Nearest Competitor
In an amended Form F-1 filing with the Securities and Exchange Commission (SEC), Sportradar updated its initial public offering (IPO) plans. It now indicates it plans to raise $504 million by selling 19 million shares at a range of $25 to $28,...
Caesars, Genius Sports Announce Agreement Featuring NFL Data
Genius Sports (NYSE:GENI) said today it's entering a partnership with casino giant Caesars Entertainment (NASDAQ:CZR), providing the gaming operator with access to the data provider's suite of official sports data content. Financial terms of the agreement weren't disclosed. But Genius is becoming...
