5360 stories by Todd Shriber
BetMakers Jumps Into Tabcorp Bidding Fray with $3.1 Billion Offer
Australian betting technology company BetMakers is inserting itself into the field of contenders for Tabcorp's media and sports wagering units with a $3.1 billion bid. The proposal, revealed late Thursday, is equivalent to $4 billion in local currency terms, and is a...
Magic City Casino, Flagler Dog Track Demand Insurers Pay COVID-19 Claims
West Flagler Associates, the holding company for Florida gaming venues that include Flagler Dog Track and Magic City Casino, is suing several insurance providers. West Flager demands they make good on coronavirus-related claims while alleging conspiratorial behavior. In the case of West...
Century Casinos Mulls Addition of Hotel to Missouri Gaming Venue
Century Casinos is considering adding a hotel to its namesake gaming property in Cape Girardeau, Mo. But it's not yet clear when such a project will commence or what the size and price will be. Lyle Randolph, Century Casino Cape Girardeau’s general...
Boyd Gaming Upsizes Debt Sale to $900 Million
Boyd Gaming (NYSE:BYD) is selling $900 million worth of corporate debt. It's the latest sign gaming companies are easily able to access capital in the wake of the coronavirus pandemic. Generally, debt sales by companies in any industry aren't remarkable -- it's...
Penn National Stock Sell-Off Overdone, Says Analyst
Once beloved among gaming equities, Penn National Gaming (NASDAQ:PENN) stock is off 41.53 percent from its March highs. At least one analyst believes that sell-off is unjustified. Following investor meetings with Penn CEO Jay Snowden, Stifel analyst Steven Wieczynski issued a new...
Bally’s Jumps Into Mobile Sports Betting with Colorado App Debut
Bally’s (NYSE:BALY) finally has a mobile sportsbook app to go along with its growing list sports wagering assets after the company launched Bally Bet in Colorado. For over a year, the Rhode Island-based gaming company Bally's has been cobbling together sports betting...
Yokohama Casino Competition Two-Horse Race Between Genting, Melco
The Yokohama integrated resort fray is now widely seen as a two-operator competition between Genting Singapore and Melco Resorts & Entertainment (NASDAQ:MLCO). That appears to be the case after the city's request for proposal (RFP) process turned up just four bidders --...
DraftKings Had Eyes for Bleacher Report in 2020, Rumor Could Resurface
DraftKings (NASDAQ:DKNG) reportedly made a run at acquiring Bleacher Report last year, and there are viable reasons why that speculation could reappear over the near-term. An article by The Information out earlier today indicates the sportsbook operator broached the subject of buying...
Macau Rebound Moving Along, Full Recovery Coming in 2022, Says Morningstar
Gaming equities with heavy Macau exposure are lagging their Las Vegas-centric and regional counterparts this year. Investors are jittery are about the sluggish pace of recovery in the world's largest casino center and a recent uptick in coronavirus cases in Mainland China....
GAN Stock Soars as Company Lands Michigan Tribal Deal, Analyst Waxes Bullish
GAN Ltd. (NASDAQ:GAN) stock is surging Monday. That's after the gaming technology provider said it inked a deal with the Saginaw Chippewa Indian Tribe of Michigan to deploy its cloud computing services at a casino owned by the tribe. GAN will provide...
