5402 stories by Todd Shriber
Bally’s Bullish on 2021, Highlights Strong January, February Trends, Stock Slumps
Bally’s Corp. (NYSE:BALY) stock is joining the rest of the gaming space and the broader market to the downside Thursday. But the company is enthusiastic about its 2021 outlook. Earlier Thursday, the Rhode Island-based gaming company said it earned 61 cents a...
Golden Entertainment Surprise Winner in Venetian, Sands Convention Center Deal
Wednesday's news that Las Vegas Sands (NYSE:LVS) is selling the Venetian and Sands Expo and Convention Center for $6.25 billion is obviously a plus for that company. But that deal is potentially beneficial to other Sin City operators, including a surprising name...
Sands May Seek Crown Resorts, Restore Dividend with Venetian Cash, Say Researchers
Las Vegas Sands (NYSE:LVS) may consider an acquisition of beleaguered Crown Resorts with proceeds from the sale of Venetian Resort and Sands Expo and Convention Center, according to Bernstein analysts. The company said yesterday it's selling those assets to Apollo Global Management...
Las Vegas Sands Could Deploy Venetian Sale Cash in Variety of Ways, Say Analysts
Las Vegas Sands (NYSE:LVS) confirmed today it's selling the Venetian Resort and Sands Expo and Convention Center on the Strip for $6.25 billion. Analysts are now opining about what the gaming company will do with the influx of cash. The news ends...
Fox Will Up FanDuel Stake as Flutter Forecasts Sizable US Growth
Rupert Murdoch's Fox Corp. (NASDAQ:FOXA) will reportedly increase its position in Flutter Entertainment's (OTC:PDYPY) FanDuel unit by as much as 20 percent this year. That's as the Irish gaming company expects impressive growth for the sports wagering brand in the US. The...
Sportradar Nearing Deal with Horizon Acquisition II, SPAC Advised by DraftKings CEO Robbins
Sports betting data provider Sportradar is reportedly in discussions to go public through a transaction with special purpose acquisition company (SPAC) Horizon Acquisition Corp. II (NYSE: HZON). Bloomberg initially reported the news earlier this evening, citing unidentified sources familiar with the matter....
Crown Resorts Hit with Negative Outlook by Moody’s as Regulatory Scrutiny Mounts
The outlook on Crown Resorts' credit rating has been revised lower to “negative” by Moody's Investors Service, as the Australian gaming company faces increasing regulatory pressure in its home country. The ratings agency issued the new outlook on Monday. This is the...
ARK Invest Continues Piling into DraftKings, Skillz
Cathie Wood’s ARK Investment Management continues adding to positions in DraftKings (NASDAQ:DKNG) and Skillz (NYSE:SKLZ). The New York-based asset manager, known for establishing stakes in disruptive, emerging growth companies, purchased 173,800 shares of DraftKings stock on Monday as the name surged to...
Score Media Shares Rally on Speculation of DraftKings Takeover
Just a few days into life as a company listed on a major US exchange, Score Media & Gaming (NASDAQ:SCR) is a subject of takeover rumors that are sending shares of the Canadian company soaring today. In late trading, shares of the...
DraftKings Stock Notches Record as at Least Eight Analysts Raise Price Targets
DraftKings (NASDAQ:DKNG) stock is traversing new highs today amid a slew of bullish commentary from Wall Street analysts. Shares of the daily fantasy sports (DFS) provider and online sportsbook operator are higher by more than 10 percent in early trading. That's after...
