5316 stories by Todd Shriber
Monarch Casino Expected to Pursue M&A, Could Double in Size, Says Gaming Expert
Monarch Casino & Resort (NASDAQ:MCRI) could evaluate mergers and acquisitions opportunities, and the company could double its portfolio of gaming assets in three years, according to an industry expert. That's as it ramps up what's been a profitable expansion at its Black...
Okada Manila Merging with Ader SPAC in $2.6B Single Casino Transaction
Okada Manila, the world's only Japanese-owned integrated resort, is merging with Jason Ader's special purpose acquisition company (SPAC) 26 Capital (NASDAQ:ADER) in a deal valuing the gaming venue at $2.6 billion. The announcement ends months of speculation as to which shell company...
Derek Stevens Refutes DraftKings/Circa Takeover Rumor in Twitter Kerfuffle
Circa Sports founder and CEO Derek Stevens took to Twitter earlier today to refute speculation his company is for sale, calling the rumor “pure BS.” In highlighting tidbits from the firm's most recent sports betting monitor report, Eilers & Krejcik analyst Chris...
GAN Stock Climbs After Company Issues Bullish Revenue Outlook
GAN Ltd. (NASDAQ:GAN) stock is soaring Friday after the gaming technology provider issued bullish revenue and earnings before interest, taxes, depreciation and amortization (EBITDA) guidance. Up more than four percent in midday trading on volume that's already eclipsed the daily average, GAN...
DraftKings Invests in SPAC Merging with Vivid Seats
DraftKings (NASDAQ:DKNG) announced today it's providing private investment in public equity (PIPE) to Horizon Acquisition Corp. (NYSE:HZAC) -- the special purpose acquisition company (SPAC) merging with online ticket marketplace Vivid Seats. Todd Boehly's Eldridge Industries, an affiliate of Horizon’s sponsor, Horizon Sponsor,...
Rush Street Interactive Uses Social Casino to Enter Canada
Rush Street Interactive (NYSE:RSI) is leveraging its social casino brand, CASINO4FUN, to enter the Canadian market. The gaming company said it plans to roll out live money online casinos and sportsbooks in Canada in the months ahead. For now, the free-to-play online...
Genting Pours Another $150M into Resorts World Catskills Parent
Genting Malaysia is allocating another $150 million to Empire Resorts, the financially ailing unit that controls one of the operator's New York casinos. In a recent filing with Malaysian securities regulators, Genting said it agreed to another round of financing for the...
Domestic Gaming Equities Preferable to Macau Fare, Says Research Firm
At this point, it's stating the obvious. But domestic gaming equities are the way to go over Macau equivalents, according to one research firm. Price action confirms as much. Year-to-date, two of the worst-performing gaming names are Las Vegas Sands (NYSE:LVS) and...
Melco Resorts Stock Seen as Attractive Despite Disappointing Golden Week
Golden Week was a dud for Macau casino operators, as stricter coronavirus protocols kept many travelers at bay. But some analysts believe Melco Resorts & Entertainment (NASDAQ:MLCO) can be a comeback story. Melco stock has been more than cut in half from...
Sharp Alpha Advisors Closes $10M Venture Fund, Seeds 11 Sports Betting Startups
Sharp Alpha Advisors said its first investment vehicle -- Sharp Alpha Fund I -- raised $10 million and was oversubscribed, indicating robust demand. Sharp Alpha Advisors is a venture capital firm focusing on iGaming and sports wagering investments. New York-based Sharp Alpha...
