4982 stories by Todd Shriber
Esports Technologies Stock Volatile Following $75.9M Acquisition
It's not often that acquisitions valued at less than $76 million create massive turbulence in a stock. But shares of Esports Technologies (NASDAQ:EBET) are all over the map today, after the company said it's buying Aspire Global's business-to-consumer (B2C) unit for $75.9...
MGM Stock Downgraded as DraftKings’ Entain Bid Puts Casino Operator in Tough Position
MGM Resorts International (NYSE:MGM) stock is trading higher today, joining other gaming equities to the upside despite an analyst downgrade of the Bellagio operator. In a note to clients today, Susquehanna Financial Joseph Stauff cuts his rating on MGM stock to “negative”...
Portnoy Thought Penn Would Win Cosmo, Implies Bidding Process Wasn’t Fair
Barstool Sports founder David Portnoy was fairly certain Penn National Gaming (NASDAQ:PENN) would emerge victorious in bidding for the Cosmopolitan Las Vegas. But now he says the process to gain control of the plush Strip venue may not have been on the...
Scientific Games OpenBet Sale Credit Positive, Says Moody’s
On Monday, Scientific Games (NASDAQ:SGMS) announced the sale of its OpenBet sports wagering business to Endeavor Group Holdings, Inc. (NYSE:EDR.). The business went for $1.2 billion in cash and stock, a move deemed beneficial to the company's debt reduction efforts. While the...
Caesars Surprise: Company Joins Clairvest in Pursuing Japan Casino License
Caesars Entertainment (NASDAQ:CZR) pulled a surprise Wednesday, announcing it's joining Clairvest Neem Ventures K.K.'s consortium. That group's seeking to bring an integrated resort to Wakayama, Japan. Clairvest Neem Ventures is a unit of Canadian private equity firm Clairvest Group, and is the...
Hard Rock International Could Be Back in Greece Casino Plan
After being rejected last year by the Hellenic Gaming Commission (HGC) in its bid to bring an integrated resort to Greece, Hard Rock International could be back in the mix. GEK Terna, the Greek company that won rights to build a gaming...
American Funds Ratchets Up Kindred Group Exposure
Kindred Group, the Swedish online gaming operator, said Capital Group owns 10.53 percent of its shares and voting rights as of Sept. 24. The owner of the 32Red, Bingo.com, Otto Casino, and Unibet brands, among others, made the announcement regarding Capital Group's...
888 Holdings, Flutter Favored Among UK Sports Betting Stocks
888 Holdings (OTC:EIHDF) is one of the sports betting stocks earning praise from research firm Investec, which favors the recently acquisitive gaming name over rival Entain Plc (OTC:GMVHY). In new coverage of 888, Investec rates the gaming company a “buy,” with a...
Macau Operators Stare Down Credit Risk Amid Government Proposals
The six Macau concessionaires, including Las Vegas Sands (NYSE:LVS) and Wynn Resorts (NASDAQ:WYNN), could contend with elevated credit risk as authorities there pursue an agenda that could lead to increased oversight of the gaming industry. Moody's Investors Service says changes to the...
DoubleDown Stock Could Be Near Double in the Making
Social casino operator DoubleDown Interactive (NASDAQ:DDI) went public earlier this month. While the stock is trading slightly below its initial public offering (IPO) price, it's drawing some early optimism in the analyst community. In a recent note to clients, B. Riley analyst...
