5402 stories by Todd Shriber
Apollo Lack of Sportsbook Experience Could Be Hurdle in Tabcorp Bid, Say Analysts
Last week, Apollo Global Management (NYSE:APO) upped its bid for Tabcorp’s betting and media businesses to $3.1 billion. But some analysts believe the private equity firm's dearth of direct sportsbook operational experience could hinder its dealings with the Australian gaming company. While...
Penn National Analysts Rush to Defend Stock as Slump Intensifies
On Thursday, Penn National Gaming (NASDAQ:PENN) reported better-than-expected first-quarter results, but the stock tumbled more than eight percent. That extends a now-lengthy slide that's seen the regional casino operator shed 18 percent over the past month and 41 percent from its March...
Sportradar, SPAC Suitor Lengthen Acquisition Time Line
Sportradar and Horizon Acquisition Corp. II (NYSE: HZON) are reportedly extending negotiations to bring the deal across the finish line. Horizon is the special purpose acquisition company (SPAC) looking to merge with the betting data provider. The Swiss company has long been...
Apollo Makes $3.1 Billion Offer for Tabcorp Assets, Topping Entain Bid
Apollo Global Management (NYSE:APO) is making another run at Tabcorp’s betting and media businesses. It is offering nearly $3.1 billion for the Australian company's sought-after assets, while topping a recently revised bid of $2.7 billion from Entain Plc (OTC:GMVHY). There are conditions...
ARK Buys Another Seven Million Skillz Shares in Just Three Days
It's in a now-lengthy slump. But Skillz (NYSE:SKLZ) stock has friends in high places -- namely, Cathie Wood's ARK Investment Management. In just the past three trading days, the New York-based money manager and exchange traded funds (ETFs) issuer scooped up approximately...
Scientific Games Reportedly Considering Australia IPO to Cut Debt
Gaming equipment manufacturer Scientific Games (NASDAQ:SGMS) may be weighing an initial public offering (IPO) on the Australian Stock Exchange (ASX) as an avenue for trimming a massive debt burden. The Las Vegas-based company reportedly engaged Australian investment bank Jarden Australia to crunch...
Caesars Stock Soars on Vegas Recovery, Analysts Rush to Boost Price Targets
Caesars Entertainment (NASDAQ:CZR) stock is higher by six percent in early trading Wednesday, a day after the gaming company delivered a blistering first-quarter earnings report -- one including commentary that Las Vegas is roaring back to life. The Paris operator notched earnings...
Skillz Ups 2021 Revenue Guidance, Hits Back at Short Reports on Earnings Call
Skillz Inc. (NYSE:SKLZ) raised its 2021 revenue forecast Tuesday, announced a new chief financial officer (CFO), and finally hit back at recent bearish reports against the gaming company. But the shares fell in after-hours trading. The mobile games developer said it now...
Penn National Stock Bounce to Be Led by Land Casinos, Says Hedgeye Analyst Jordan
Penn National Gaming (NASDAQ:PENN) stock is often seen as a play on the boom of internet casinos and online sports betting. While that's accurate, it could be the company's brick-and-mortar venues that help the shares regain lost momentum. Since hitting an all-time...
Red Rock Resorts Offloads Palms Casino to San Manuel for $650 Million in Cash
Red Rock Resorts, Inc. (NASDAQ:RRR) said today its Station Casinos unit is selling the Palms Casino Resort in Las Vegas. The buyer for $650 million in cash is the San Manuel Band of Mission Indians, ending roughly a year of speculation regarding...
