5449 stories by Todd Shriber
Bally’s Reveals Offer for Gamesys, Extends Acquisition Binge
Shares of Bally's Corp. (NYSE:BALY) are soaring Wednesday after the company said it reached an agreement in principle to acquire online gaming operator Gamesys (OTC:JKTPF). News of the deal was revealed in an 8-K filing with the Securities and Exchange Commission (SEC)....
Sportradar Buying Synergy Sports, Company Backed by Rumored SPAC Suitor Boehly
Sportradar is acquiring sports data and video analytics provider Synergy Sports for an undisclosed sum, according to the two companies. Sports betting data provider Sportradar is using the purchase of Synergy to complement its roster of agreements with professional sports leagues. The...
Blackstone May Have to Raise Bid for Crown Resorts, Says JPMorgan
Blackstone (NYSE:BX) is offering $6.2 billion for Crown Resorts. But that may not be enough to get the Australian gaming company to come to the bargaining table. On Sunday, Crown said it received the proposal from the private equity firm, valuing the...
Bally’s Rebuffed in World Poker Tour Takeover Bid
When it comes to mergers and acquisitions, Bally's Corp. (NYSE:BALY) usually gets its desired target. That may not be the case with the World Poker Tour (WPT). Allied Esports Entertainment (NASDAQ:AESE), the current owner of the WPT, said today it revised an...
HBK Europe Contesting Caesars William Hill Takeover
Alternative investment firm HBK Europe Management, LLP plans to contest Caesars Entertainment's (NASDAQ:CZR) proposed $3.69 billion takeover of William Hill (OTC:WIMHY). They will do so on the basis that vital information wasn't fully disclosed to investors in the British bookmaker. The Las...
Blackstone Offers $6.2 Billion for Embattled Crown Resorts
Private equity titan Blackstone (NYSE:BX) is bidding $6.2 billion for controversy-laden Australian gaming operator Crown Resorts. Blackstone hasn't publicly confirmed the overture. But the speculation surrounding the gaming company was enough to send Crown shares higher by more than 19 percent in...
888 Holdings Mulling Run at William Hill European Assets
888 Holdings is considering a bid for William Hill's (OTC:WIMHY) European business. The properties are likely to be divested when Caesars Entertainment (NASDAQ:CZR) completes its $3.69 billion takeover of the British bookmaker. Caesars' acquisition of the sportsbook operator is in its final...
Resorts World Las Vegas Won’t Be Profitable for Several Years, Says Nomura
The highly anticipated Resorts World Las Vegas will not be profitable on a net basis for several years, according to Nomura analysts. The $4.3 billion venue is slated to open in the second half of this year. Construction on the west tower...
Macau to Benefit in 2022 as Mass Market Revenue Is Onshored, Says Morgan Stanley
Other Asia-Pacific gaming markets are likely to cede market share to Macau next year, as Chinese gamblers and tourists head back to the special administrative region (SAR). Analysts at Morgan Stanley believe that business will return as regional travel restrictions ease. Mass...
Fox Mulls Tabcorp Takeover to Boost Sports Betting Profile
Rupert Murdoch’s Fox Corp. (NASDAQ:FOXA) is reportedly mulling a bid for Australia's Tabcorp as an avenue for increasing its sports wagering exposure. The media giant is said to be working with an unidentified US investment firm on an offer for Tabcorp's betting...
