4982 stories by Todd Shriber
ARK Invest Continues Buying DraftKings, Genius Sports
Cathie Wood's ARK Investment Management remains bullish on DraftKings (NASDAQ:DKNG) and Genius Sports (NYSE:GENI) and is adding to stakes in those sports betting stocks. Wood is also using pullbacks to add to those positions. For example, shares of DraftKings plunged last Tuesday...
Scientific Games Selling OpenBet to UFC’s Endeavor Group for $1.2B
Scientific Games (NASDAQ:SGMS) is selling its OpenBet sports wagering business to Endeavor Group Holdings, Inc. (NYSE:EDR), the parent company of the Ultimate Fighting Championship (UFC), for $1.2 billion in cash and equity. Under the terms of the agreement, Los Angeles-based Endeavor is...
DraftKings Could Be Pursuing Entain for Technology, Putting MGM in Tough Spot
DraftKings' (NASDAQ:DKNG) pursuit of Entain Plc (OTC:GMVHY) could be centered around acquiring the target's technology capabilities, potentially putting MGM Resorts International (NYSE:MGM) on the prowl for its own sports wagering tech stack. That idea is mentioned by RoundHill Investments co-founder Will Hershey,...
Macau Stock Investors Ponder SOE Specter, Golden Week Restrictions
Shares of Macau casino operators trading in the US are soaring Monday on a day of strength in the broader gaming complex. But investors remain jittery amid coronavirus restrictions ahead of the October Golden Week holiday and fears of increased government interference...
Blackstone Selling Cosmopolitan Las Vegas for $5.65B in Lucrative Asset Trade
Blackstone (NYSE:BX) is selling Cosmopolitan of Las Vegas for $5.65 billion, meaning the private equity behemoth nearly tripled its investment on the Strip venue seven years after acquiring it. As was widely expected, MGM Resorts International (NYSE:MGM) is involved in the deal....
Wynn CEO Maddox Says Macau Will Rebound, Sees Strong Demand
Wynn Resorts (NASDAQ:WYNN) and competitors are facing a variety of regulatory and coronavirus-related headwinds in Macau. But CEO Matt Maddox remains optimistic on the outlook for the world's largest casino center. In a Thursday interview with “Mad Money” host Jim Cramer on...
ESPN Could Be Eyeing Rush Street Interactive Acquisition
The sports betting consolidation rumor mill continues chugging along, turning up fresh speculation that ESPN could be considering a bid for Rush Street Interactive (NYSE:RSI). Sports merchandise giant and aspiring sportsbook operator Fanatics was recently tied to acquisition rumors involving RSI. But...
Scientific Games Will Retain Minority Stake in SG Lottery IPO
Scientific Games (NASDAQ:SGMS) said that if an initial public offering (IPO) for its SG Lottery unit materializes, it will sell the majority of that equity to outside investors. In late June, the gaming equipment maker said it will divest its lottery management...
Las Vegas Sands, Wynn Lure Retail Traders as Stocks Slump
Amid the specter of intensifying regulatory scrutiny in Macau, Las Vegas Sands (NYSE:LVS) and Wynn Resorts (NASDAQ:WYNN) are two of the worst-performing gaming stocks this month. But that's not stopping some investors from embracing the casino names. Data from Vanda Research indicates...
Genius Sports Insiders Selling 6.62 Million Shares, NFL Has Substantial Stake in Company
In a filing with the Securities and Exchange Commission (SEC), Genius Sports (NYSE:GENI) revealed some insiders and early investors at the company are selling more than 6.62 million shares of stock. They also revealed that the NFL is one of its largest...
