5034 stories by Todd Shriber
DraftKings Stock Slumps Following Tepid Morgan Stanley Call
DraftKings (NASDAQ:DKNG) stock is tumbling Tuesday after Morgan Stanley resumed coverage of the online sportsbook operator with a lukewarm assessment. In a note to clients today, analyst Thomas Allen restarts coverage of DraftKings with an “equal-weight” grade and a price target of...
DraftKings, FanDuel Reportedly Bidding for The Athletic
DraftKings (NASDAQ:DKNG) and rival FanDuel are among the companies reportedly bidding for The Athletic after talks with other media outlets fell apart. The Athletic is a subscription-based sports media entity backed by investors including Courtside Ventures, Founders Fund, and Powerhouse Capital. It...
International Game Technology Lands Puerto Rico Access with WinIn Deal
International Game Technology (NYSE:IGT) is expanding its global sports wagering footprint, announcing today that it's entering Puerto Rico via an agreement with The Stadium LLC. The Stadium is the parent company of WinIn, which has partnerships with esports firms, as well as...
Sportradar Lands Exclusive Betting Data Accord with UEFA
Sportradar (NASDAQ:SRAD) announced today it has inked an agreement with the Union of European Football Associations (UEFA). The pact calls for Sportradar to be the federation's exclusive data provider for the UEFA Champion's League, UEFA European Championships and other football (soccer) competitions....
Lottery.com Closes SPAC Deal, Debuts on Nasdaq Monday
AutoLotto, which does business as Lottery.com, has closed its merger with special purpose acquisition company (SPAC) Trident Acquisitions Corp. (NASDAQ:TDAC). The deal concluded on Friday, Oct. 29 and it will debut as a freestanding public company on Monday, Nov. 1. The online...
VICI Investors Approve Share Issuance for MGM Growth Properties Acquisition
VICI Properties (NYSE:VICI) shareholders have approved the issuance of a massive amount of new equity. The goal is to fund the company's $17.2 billion all-stock acquisition of rival MGM Growth Properties (NYSE:MGP). The Caesars Palace owner said in August it's acquiring MGM...
Bally’s Bidding for Chicago Casino License, Pledges $1.6B Investment
Bally's Corp. (NYSE:BALY) is eyeing Chicago as the site of its flagship gaming property. It submitted a proposal to city officials pledging a $1.6 billion investment for an integrated resort in the third-largest US city. The Rhode Island-based gaming company announced the...
New York Mets Owner Steve Cohen Talking Big Apple Casino with Las Vegas Sands – Report
New York Mets owner and hedge fund legend Steve Cohen is reportedly in discussions with Las Vegas Sands (NYSE:LVS) about bringing a casino to the Citi Field area. The $900 million (over $1 billion in today's dollars) Citi Field, the Mets' home...
DraftKings’ Scrapped Entain Bid Raises Concerns and Questions, Says Analyst
In one of this week's biggest gaming industry stories, DraftKings (NASDAQ:DKNG) said Tuesday it won't move forward with an effort to acquire Entain Plc (OTC:GMVHY). Investor reaction to the news was initially positive, owing to the fact that the Boston-based company floated...
Las Vegas Sands Stock Could Be Rising Rates Beneficiary
While off the high of 1.67 percent touched last week, ten-year Treasury yields are up 22.68 percent over the past three months. That's prompting investors to consider assets that perform well against the backdrop of rising rates. Las Vegas Sands (NYSE:LVS) stock...
