1463 stories by Todd Shriber
Caesars Lands Another $100 Target as Analyst Says ‘Little Credit’ Assigned to Sports Betting Unit
Caesars Entertainment (NASDAQ: CZR) is making waves in the gaming industry as it pushes forward with a $3.69 billion takeover attempt of William Hill (OTC:WIMHY). One analyst sees significant upside ahead for the Flamingo operator. In a note to clients Monday, Union...
IG Acquisition, Latest SPAC with Possible Gaming Desires, Raises $300 Million in IPO
IG Acquisition Corp. (NASDAQ:IGACU) recently raised $300 million in an initial public offering (IPO). The special purpose acquisition company (SPAC) was founded by former high-level gaming industry executives and a venture capitalist, Bradley Tusk. That IPO could increase to $375 million if...
Twin River Forecasts Q3 Revenue up to $130 Million, Sells $125 Million in Debt
Regional gaming company Twin River Worldwide Holdings (NYSE:TRWH) delivered an early look at its third-quarter results today. It expects earnings before interest, taxes, depreciation and amortization (EBITDA) of $30 million to $40 million on revenue of $100 million to $130 million. At...
Macau October Visitation Trending Lower, Analyst Calls Golden Week Start ‘Disappointing’
Macau tourist traffic is likely to falter again this month because of a rough start to the highly anticipated Golden Week festival, among other factors. In a note to clients today, Roth Capital analyst David Bain said the world's largest gaming center...
GAN Stock Soars on 10-Year Michigan Deal with Wynn Resorts
GAN Ltd. (NASDAQ:GAN) stock is higher by more than 13 percent in midday trading, making it one of the best-performing names in the gaming space to start the week. The rise came after the company said it struck a 10-year pact with...
DraftKings Announces Massive Secondary Offering, Forecasts Q3 Revenue up to $133 Million
DraftKings (NASDAQ:DKNG) stock is tumbling Monday after the daily fantasy sports (DFS) provider said it's selling 32 million shares of equity to raise capital, and that it expects third-quarter revenue of $131 million to $133 million. The company said sales increased 97...
Mountain Crest SPAC Buying Playboy for $381 Million, Gaming Deals in Play
Mountain Crest Acquisition Corp. (NASDAQ:MCAC) is paying $381 million to acquire Playboy Enterprises. It's a move that will return the venerable men's media property to public markets, and could result in future acquisitions of gaming companies. Under the terms of the deal,...
Betfred Founder Done Considering Competing Offer for William Hill
Betfred founder Fred Done is reportedly considering raining on Caesars Entertainment's (NASDAQ:CZR) parade and making a higher offer for William Hill (OTC:WIMHY). Following a lengthy period of speculation, the Caesars Palace operator last week agreed to acquire William Hill for $3.69 billion...
Sports Entertainment Acquisition, SPAC with Possible Gaming Ambitions, Upsizes IPO to $400 Million
Sports Entertainment Acquisition Corp. (NYSE:SEAH.U), a special purpose acquisition company (SPAC), said today it priced 40 million units at $10 apiece, topping the previously estimated size of its initial public offering (IPO). The Florida-based company is the latest in a growing line...
Macau Travel Numbers Improving this Month, Say Analysts
This could finally be the month Macau visitation numbers and gross gaming revenue (GGR) markedly turn for the better, according to industry analysts. But the world's largest casino center still faces challenges. On Thursday, the Macau Gaming Inspection and Coordination Bureau said...
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