5217 stories by Todd Shriber
Microsoft Goes All-In On Video Games, Buying Activision for $68.7 Billion
Microsoft (NASDAQ:MSFT) is bolstering its status as one of the dominant names in the video game universe, announcing today it's acquiring Activision Blizzard (NASDAQ:ATVI) for $68.7 billion in cash. The deal values the Call of Duty publisher at $95 a share, or...
Sportradar Stock Pounded by Morgan Stanley Downgrade
Sportradar (NASDAQ:SRAD) is faltering mightily today after Morgan Stanley downgraded the sports betting data provider, citing ongoing weakness for many domestic gaming equities. In a note to clients, Morgan Stanley analyst Thomas Allen downgrades Sportradar to “equal weight” from “overweight,” with a...
PlayAGS Rallies on Q4 Earnings Preview, Debt Refinancing Plan
On a rough day for the broader market and amid mixed performance by casino stocks, PlayAGS (NYSE:AGS) is standing out. That's after the gaming supplier revealed a bullish preview of its fourth-quarter results and a debt refinancing effort. In early trading, shares...
NeoGames Offering $480 Million in Cash, Stock to Acquire Aspire Global
NeoGames (NASDAQ:NGMS), a provider of internet lottery services and technology, announced it's offering $480 million in cash and equity to acquire Aspire Global. The suitor is offering to purchase Aspire for 111 Swedish krona -- $12.29 in cash, based on current exchange...
Las Vegas Sands Earns ‘Conviction Buy’ Upgrade from Goldman Sachs
Citing easing regulatory risk in Macau, Goldman Sachs moves Las Vegas (NYSE:LVS) to the firm's conviction buy list. Analyst Simon Cheung added Las Vegas Sands to his firm's Americas Conviction List while adjusting his price target on the gaming stock to $66...
Super Group, SPAC Set Date to Vote on Merger
Sports Entertainment Acquisition Corp. (NYSE:SEAH), the special purpose acquisition company (SPAC) merging with Betway and its parent, Super Group, set Jan. 26 as the date for investors to vote on the deal. It is one of the most widely anticipated blank-check transactions...
Wynn Resorts Tipped as Winner as Good News Finally Emerges in Macau
Shares of Macau concessionaires are the brightest spots in an otherwise dismal day across the gaming equity complex, and Wynn Resorts (NASDAQ:WYNN) is getting in on the act. In late trading, shares of the Wynn Palace operator are higher by more than...
Century Casinos Selling Calgary Casino Property Assets for $6.5M
Century Casinos (NASDAQ:CNTY) is selling the property on which Century Casino Calgary is located for $6.5 million. The building is also included in the transaction with Rowanwood Financial Properties. Rowanwood Financial already paid $560,000 and the remainder is due upon closing, which...
Century Casinos is Catalyst-Rich Value Idea, Says Analyst
Century Casinos (NASDAQ:CNTY), a small-cap regional casino operator, is following other gaming equities lower in recent weeks. But those declines may be opening the door to a value proposition. That's the sentiment of Roth Capital analyst Edward Engel, who initiates coverage of...
Las Vegas Sands Is Cheap Quality Stock, Says Goldman Sachs
It's early in 2022, but it's already clear that there's division among analysts when it comes to casino stocks. Las Vegas Sands (NYSE:LVS) isn't immune to that trend. Still, the largest Macau operator has supporters on Wall Street, some of which are...
