5217 stories by Todd Shriber
Wynn Could Generate 20 Percent ROI on $2B UAE Project
On Tuesday, Wynn Resorts (NASDAQ:WYNN) surprised many in the gaming industry when it revealed plans for an integrated resort on Al-Marjan Island in the United Arab Emirates, a region not synonymous with casino gaming. But it could be a lucrative endeavor for...
DraftKings Soars Amid Hope Morgan Stanley Upgrade Marks Bottom
DraftKings (NASDAQ:DKNG) ranks as one of Wednesday's best-performing gaming equities. It rose on hopes that an upgrade from Morgan Stanley analyst Thomas Allen marks an end to a long-running slide for the online sportsbook operator. In a note to clients today, Allen...
Standard General Bally’s Bid Could Be Floor, Not Ceiling, Say Analysts
Bally's (NYSE:BALY) stock is trading higher Wednesday, following through on an epic Tuesday rally sparked by a $38 per share takeover offer from Standard General. Some analysts believe the bid could represent an effort to put a floor under the previously faltering...
Super Group, Sports Entertainment Acquisition Approve Merger
Blank-check firm Sports Entertainment Acquisition Corp. (NYSE:SEAH) said today its investors approved a merger with Super Group. That paves the way for the Betway parent to become a freestanding publicly traded company. The special purpose acquisition company (SPAC) is combining with SGHC...
Wynn Resorts Unlikely to Unload iGaming, Sports Betting Biz, Says Analyst
The sports betting equities landscape was rattled yesterday. That's after reports surfaced on Sunday that Wynn Resorts (NASDAQ:WYNN) is contemplating selling its Wynn Interactive unit at the deeply discounted price of $500 million. At least one analyst doesn't see that happening. The...
Caesars Stock Tipped as Rebound Idea
Gaming equities are mired in multi-month slides, and Caesars Entertainment (NASDAQ:CZR) is no exception. But some traders believe the stock is a prime candidate to bounce back. Even with the benefit of an epic rally off the intraday lows on Monday, the...
Bally’s Stock Surges After Investor Standard General Files Takeover Bid
Bally's (NYSE:BALY) is easily the best-performing gaming stock in early trading Tuesday after hedge fund Standard General filed a takeover proposal valuing the casino operator at $38 a share. That's a more than 30 percent premium to where the shares closed on...
Hawaii Five-Five: Legislator’s Sports Betting Bill Proposes Staggering 55% Tax Rate
At 51 percent, New York currently has the highest tax rate on sports betting in the US. Hawaii might be ready to say, “Hold my beer.” In House Bill 1815 (HB 1815), Rep. John Mizuno (D) proposes a jaw-dropping 55 percent levy...
Fox Earns Analyst Upgrade on Sports Betting Potential
Media giant Fox Corp. (NASDAQ:FOX) landed an upgrade today from UBS on the broadcasting giant's sports betting potential, which may not be fully appreciated by investors at this point. In a note to clients today, UBS analyst John Hodulik lifts his rating...
Playtika Plunges as Chinese Investor Mulls Massive Share Sale
Mobile gaming company Playtika (NASDAQ:PLTK) is tumbling today after it revealed its largest investor is considering selling a portion of its stake in the Israeli company that could be equal to as much as 25 percent of the shares outstanding. In midday...
