5136 stories by Todd Shriber
Wynn Resorts Unlikely to Unload iGaming, Sports Betting Biz, Says Analyst
The sports betting equities landscape was rattled yesterday. That's after reports surfaced on Sunday that Wynn Resorts (NASDAQ:WYNN) is contemplating selling its Wynn Interactive unit at the deeply discounted price of $500 million. At least one analyst doesn't see that happening. The...
Caesars Stock Tipped as Rebound Idea
Gaming equities are mired in multi-month slides, and Caesars Entertainment (NASDAQ:CZR) is no exception. But some traders believe the stock is a prime candidate to bounce back. Even with the benefit of an epic rally off the intraday lows on Monday, the...
Bally’s Stock Surges After Investor Standard General Files Takeover Bid
Bally's (NYSE:BALY) is easily the best-performing gaming stock in early trading Tuesday after hedge fund Standard General filed a takeover proposal valuing the casino operator at $38 a share. That's a more than 30 percent premium to where the shares closed on...
Hawaii Five-Five: Legislator’s Sports Betting Bill Proposes Staggering 55% Tax Rate
At 51 percent, New York currently has the highest tax rate on sports betting in the US. Hawaii might be ready to say, “Hold my beer.” In House Bill 1815 (HB 1815), Rep. John Mizuno (D) proposes a jaw-dropping 55 percent levy...
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...
