5034 stories by Todd Shriber
Brookfield Business Partners LP Bags SG Lottery for $6.05B
Ending weeks of speculation about the unit's fate, Scientific Games (NASDAQ:SGMS) said late Wednesday it is selling its SG Lottery business to Brookfield Business Partners LP (NYSE:BBU) for $6.05 billion. The Canadian private equity shop is shelling out $5.825 billion in cash...
Macau Concessionaires Could Land Modest License Extensions of Up to 12 Months
Permits in Macau -- the world's largest casino center -- expire in June 2022. With little progress being made on re-tendering, local authorities might simply extend the licenses for six to 12 months to buy some added time. Analysts at JPMorgan believe...
PlayAGS Stock Has Double Potential as Cash Flow, Installs Rise, Says Analyst
PlayAGS (NYSE:AGS) is soaring, ranking as one of Wednesday's best-performing gaming equities. That's after a sell-side analyst said the stock can more than double as the gaming supplier's free cash flow (FCF) and installation base increase. In a note to clients today,...
Boyd Gaming Buying Back $300M in Shares, Analyst Says Stock Still Undervalued
Boyd Gaming's (NYSE:BYD) third-quarter earnings report was solid, and the company is rewarding investors with a $300 million share repurchase program. After the close of US markets Tuesday, the regional casino operator said it earned $1.30 a share on revenue of $843.06...
Brookfield Nearing Deal for Scientific Games’ SG Lottery Unit
Private equity firm Brookfield is reportedly drawing closer to a deal for Scientific Games' (NASDAQ:SGMS) SG Lottery division. With over $625 billion in assets under management, Toronto-based Brookfield is one of the world's largest alternative asset managers. It recently emerged as a...
Monarch Casino Sizzles Following Q3 Results, Analyst Sees More Upside
Monarch Casino & Resort (NASDAQ:MCRI) stock is on a blistering pace today after the regional casino operator reported third-quarter results that easily beat Wall Street estimates. That prompted at least one analyst to boost forecasts on the company. After the close of...
Rush Street Interactive, fuboTV Again Mentioned as Takeover Targets
Shares of fuboTV (NYSE:FUBO) and Rush Street Interactive (NYSE:RSI) popped earlier today as a sell-side analyst highlighted the two companies as potential takeover targets. Streaming sports provider fuboTV and iGaming and sportsbook operator Rush Street Interactive got a lift from comments by...
DraftKings Drops Entain Takeover Bid, Stock Soars
DraftKings (NASDAQ:DKNG) stock is soaring Tuesday after the sportsbook operator said it's walking away from takeover talks with Entain Plc (OTC:GMVHY). The news arrives a week after the UK-based company extended the deadline for the daily fantasy sports (DFS) giant to formalize...
Golden Entertainment is Golden Gaming Stock, Says JPMorgan
Golden Entertainment (NASDAQ:GDEN) stock is one of Monday's best-performing gaming equities after the Strat operator drew praise from JPMorgan. JPMorgan analyst Omer Sander initiated coverage of Golden Entertainment with an “overweight” rating and $60 price target, implying upside of 23 percent from...
Sands Keeps Macau Lead with Londoner, Regulatory Concerns Inflated, Say Analysts
Las Vegas Sands (NYSE:LVS) can retain its perch as Macau's gross gaming revenue (GGR) leader, as the Londoner integrated resort ramps up, says a research firm. It adds that regulatory concerns pertaining to US operators in the world's largest casino center are...
