5402 stories by Todd Shriber
Guangdong COVID-19 Border Protocols Problematic for Macau Concessionaires, Says Bank
A recent surge in coronavirus cases in Guangdong, the Chinese province closest to Macau, is prompting stricter border controls. It could be the latest issue to weigh on the casino center's still slow rebound. Since the start of this month, more than...
Skillz Aarki Acquisition Draws Praise from Analysts, Investors
Skillz (NYSE:SKLZ) stock surged 17.26 percent this week, thanks entirely to a 27 percent gain on Wednesday. The move came on news the mobile games company is buying internet advertising firm Aarki for $150 million in cash and stock. It's the esports...
Las Vegas Sands CEO Goldstein Frustrated by Macau Lethargy, Still Wants US Exposure
Las Vegas Sands (NYSE:LVS) CEO Rob Goldstein is disappointed by the sluggish rebound in Macau, but adds the company remains bullish on the world's largest casino center long-term. In remarks made at the virtual Bernstein Annual Strategic Decisions Conference earlier this week,...
Pansy Ho Continues Trimming MGM Stock Stake, Now Below One Percent
Pansy Ho, co-chairperson at MGM China Holdings Ltd., continues paring her stake in MGM Resorts International (NYSE:MGM). She now owns less than one percent of the US casino giant. In a series of sales spanning May 26 through May 28, Ho sold...
Genting Singapore Can Win Yokohama Casino Competition, Says Bank
It's been just two days since Genting Singapore and Melco Resorts & Entertainment (NASDAQ:MLCO) were revealed as the two operators advancing to Yokohama's request for proposal (RFP) process. An investment bank is already saying the former has the inside track. In a...
DraftKings Sags as Morgan Stanley Trims Price Target, Questions Stock-Based Compensation
DraftKings (NASDAQ:DKNG) stock is trading lower Wednesday after Morgan Stanley cut its price target on the sportsbook operator. The investment firm expressed concern over the company's equity-based compensation practices. In midday trading, the shares are off about two percent, extending a decline...
Genting Singapore, Melco Resorts Officially Advance in Yokohama Casino Bidding Process
As was widely expected, Genting Singapore and Melco Resorts & Entertainment (NASDAQ:MLCO) are the gaming operators that qualified to participate in Yokohama's request for proposal (RFP) plans. Japan's second-largest city made the announcement yesterday. Ultimately, one of the companies will be selected...
Entain CEO Urges Tabcorp To Take His Bid to Avoid Risky Rivals
Entain Australia CEO Dean Shannon, not surprisingly, believes his company's $2.7 billion proposal for Tabcorp's media and sports wagering businesses is the best in a growing field and is urging the operator to accept that bid. Speaking publicly on the matter for...
News Corp Australia Aiming for FOX Bet Debut, Could Pursue Tabcorp Sports Wagering Unit
News Corp Australia is reportedly in late-stage discussions with a group headed by renowned Australian bookmaker Matthew Tripp. That could lead to the creation of a new wagering entity and a run at Tabcorp's media and sports betting businesses. Unidentified sources with...
Everi Stock Has Good Vibes, Analyst Sees Lot More Upside
Quietly, Everi Holdings (NYSE:EVRI) stock is one of this year's best-performing gaming equities. Even with a 50.11 percent 2021 gain, the slot manufacturer and Fintech purveyor offers much more upside, according to one analyst. In a recent note to clients, B. Riley's...
