5449 stories by Todd Shriber
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...
Apollo Seen as Leading Contender for William Hill Assets, But Entain Lurking
Private equity behemoth Apollo Global Management (NYSE:APO) is rumored to be in the pole position to win William Hill's international businesses. But Entain Plc (OTC:GMVHY) could be mulling a bid, too, according to reports on the matter. Caesars Entertainment (NASDAQ:CZR) paid about...
Scientific Games Earns Analyst Praise for Lottery, Sports Betting Divestment Plans
Earlier this week, Scientific Games (NASDAQ:SGMS) revealed plans to part with its lottery management and sports wagering businesses. The move is drawing applause from Wall Street. In a note to clients, Stifel analyst Jeffrey Stantial reiterated a “buy” rating on Scientific Games...
CBRE Buys Union Gaming in Bid to Bolster Gaming Investment Operations
Commercial real estate giant CBRE Group (NYSE: CBRE) is acquiring Union Gaming, a boutique investment bank focusing on the gaming industry. The financial terms of the transaction weren't disclosed. Based in Las Vegas, with another office in Hong Kong, Union Gaming was...
