5082 stories by Todd Shriber
FAST Acquisition Balks at Fertitta Merger Termination, Could Mean Court Battle
FAST Acquisition (NYSE:FST), the blank-check company that in February agreed to merge with Tilman Fertitta's Fertitta Entertainment (FEI), isn't playing ball with the Texas billionaire's efforts to scrap that agreement. That potentially sets the stage for a legal fight. In February, the...
Chanos Shorts DraftKings, Calls Business Model Flawed, Still Bearish on Wynn Resorts
Citing frothy valuations, Kynikos Associates founder Jim Chanos is betting against some high growth stocks, including a pair of gaming names. In an interview with CNBC, Chanos said he's been short DraftKings (NASDAQ:DKNG) for most of this year, while reiterating that Kynikos...
Caesars Among Corrected Stocks with Most Upside Potential
Caesars Entertainment (NASDAQ:CZR) is following other gaming equities lower as of late, as fears about the spread of the COVID omicron variant punish travel and leisure names. But the casino operator could be offering significant upside as well. To be sure, once...
DraftKings Price Target Slashed by One Analyst, Another Sees Disappointing Q4
Mired in a multi-month slump, DraftKings (NASDAQ:DKNG) continues contending with increasingly tepid or overtly negative commentary from analysts covering the company. That trend is continuing today as Benchmark analyst Mike Hickey trims his price target on the online sportsbook operator to $50...
Oakland A’s Reportedly Bidding for Las Vegas Stadium at Tropicana
Las Vegas could be on the brink of pilfering another professional sports franchise from Oakland. A report has surfaced that the Oakland Athletics (A's) are bidding for a stadium at the site of the Tropicana Las Vegas Hotel and Casino. CNBC's Contessa...
Ader Bullish on Casino Stocks, Including Las Vegas Sands
The VanEck Vectors Gaming ETF (NYSEARCA:BJK) lost 15.4 percent in November and is 25.43 percent below its 52-week high, confirming casino stocks are getting shellacked. But at least one well-known investor sees buying opportunities in the group. Many members of the gaming...
Scientific Games Acquires ELK Studios to Boost iGaming Platform
In an effort to bolster its iGaming content portfolio, Scientific Games (NASDAQ:SGMS) is acquiring European games developer ELK Studios. Financial terms of the transaction weren't disclosed. The deal is part of Scientific Games' ongoing effort to become a player in the fast-growing...
GAN Sees Value in Battered Stock, Reveals $5 Million Share Buyback
Gaming technology provider GAN Ltd. (NASDAQ:GAN) said its board of directors approved a $5 million share repurchase program. That could be a sign the company sees value in its downtrodden stock, which lost nearly a third of its value last month alone...
MGM Stock Beloved by Retail Investors
MGM Resorts International (NYSE:MGM) stock is a favorite among retail investors, and that could be a catalyst for upside in the casino giant's shares, according to one research firm. UBS recently noted that there are correlations between stocks adored by smaller investors...
Super Group Draws Praise Ahead of SPAC Deal Closing
Sports Entertainment Acquisition Corp. (NYSE:SEAH), the special purpose acquisition company (SPAC) merging with Betway parent Super Group, is earning kudos from a sell-side. That indicates there's some enthusiasm for what's likely to be one of the fourth quarter's largest blank-check deals. In...
