5136 stories by Todd Shriber
Sands Keeps Macau Lead with Londoner, Regulatory Concerns Inflated, Say Analysts
Las Vegas Sands (NYSE:LVS) can retain its perch as Macau's gross gaming revenue (GGR) leader, as the Londoner integrated resort ramps up, says a research firm. It adds that regulatory concerns pertaining to US operators in the world's largest casino center are...
Bellagio Bidding Adieu to Famed Picasso Collection
Saturday, October 23 was the last day the general public could view Bellagio's prized collection of Pablo Picasso artwork before the pieces are auctioned. Bellagio, operated by MGM Resorts International, held a free art show called “Picasso: Masterworks from the MGM Resorts...
SportsMap Tech Acquisition Raises $115M in IPO, Could Pursue Betting Deals
SportsMap Tech Acquisition Corp. (NASDAQ:SMAPU), a special purpose acquisition company (SPAC), raised $115 million in its initial public offering (IPO) as it prepares to hunt for merger partners. Blank-check companies encountered some headwinds earlier this year. But the vehicle remains popular in...
Lottery.com SPAC Shares Soar on Bullish Revenue Forecast
Shares of Trident Acquisitions Corp. (NASDAQ:TDAC), the special purpose acquisition company (SPAC) merging with Lottery.com, are soaring again Thursday. That's after the internet lottery retailer delivered bullish third-quarter revenue guidance. In midday trading, shares of the blank-check company are higher by 9...
Apollo, Brookfield Mulling Bids for Scientific Games Lottery Arm
Apollo Global Management (NYSE:APO) and Brookfield Asset Management's private equity division are reportedly considering making offers for Scientific Games' (NASDAQ:SGMS) SG Lottery unit. That news emerges soon after the Las Vegas-based slot machine manufacturer pared the size of an SG Lottery initial...
DraftKings’ Venture Capital Arm Debuts $60M Fund
DraftKings (NASDAQ:DKNG) announced today its venture capital unit, Drive by DraftKings, is rolling out its first venture fund, following a $60 million raise. Drive by DraftKings invests in entertainment and sports technology companies, among others. The venture unit of the Boston-based daily...
Las Vegas Sands Management Needs to ‘Take a Stand’, Buyback Stock, Says Analyst
Las Vegas Sands (NYSE:LVS) reported third-quarter results late Wednesday, and the results were worse than expected. That prompted an analyst to say management should move swiftly to buyback shares in an effort to restore investor confidence. Amid still lingering travel restrictions in...
Scientific Games Pares SG Lottery Australia IPO to $3B, Still 15x 2022 Fiscal Earnings
Scientific Games (NASDAQ:SGMS) is reportedly trimming the size of a Sydney initial public offering (IPO) for its SG Lottery arm to $3 billion, valuing it at roughly 15x fiscal 2022 earnings. Previous speculation mentioned the Las Vegas-based company could raise up to...
Invesco Likes International Betting Stocks, Including Entain, Flutter
Since the 2018 Supreme Court ruling on the Professional and Amateur Sports Protection Act (PASPA), the investment community largely focused on the US market. But some fund managers still see a lot to like with international betting stocks. In a recent report...
Fanatics Files Trademark Applications for Casino, Sportsbook, Mobile Betting App
In the latest sign Fanatics is angling to becoming a force in the online betting world, the company recently filed several patent applications with the US Patent and Trademark Office (USPTO). They call for a branded casino, mobile betting app, and sportsbook....
