5034 stories by Todd Shriber
Caesars Inherits 24.5 Percent NeoGames Stake Through William Hill Acquisition
Caesars Entertainment (NASDAQ:CZR) is getting a nice sweetner, thanks to its recently completed acquisition of William Hill: A stake in iLottery provider NeoGames (NASDAQ:NGMS). In a Schedule 13G filing with the Securities and Exchange Commission (SEC) released Friday, Caesars revealed it owns...
ESPN Seeking $3B Sportsbook Licensing Deal, Held Talks with Caesars, DraftKings
Walt Disney's (NYSE:DIS) ESPN unit is reportedly shopping its iconic brand to sportsbook operators in a bid to potentially land a $3 billion, multi-year pact. The Wall Street Journal reported this afternoon that “the worldwide leader in sports” already held discussions with...
Bragg Gaming Makes Nasdaq Debut
Canadian gaming technology provider Bragg Gaming launched on the Nasdaq Stock Market, becoming the latest foreign gaming company to land a US listing. Bragg is trading in New York under the ticker “BRAG.” That's the same symbol it uses on the Toronto...
Wynn Interactive Among Most ‘Investor-Aligned’ SPAC Deals
Wynn Resorts' (NASDAQ:WYNN) plan to take its Wynn Interactive unit public via a merger with a special purpose acquisition company (SPAC) is a rare example of such a deal that's aligned with investors' interests. That's according to SPACTrack.net, a research firm tracking...
Caesars Buys Out Horseshoe Baltimore Partner, Stake Now 76 Percent
Caesars Entertainment (NASDAQ:CZR) is acquiring a minority interest in Horseshoe Baltimore from one of its joint venture partners. The Nevada-based gaming giant made the announcement after the close of US markets today. Financial terms of the deal weren't disclosed. As a result...
Monarch Casino Executive Departure Doesn’t Dent Bull Thesis, Say Analysts
Shares of Monarch Casino & Resort (NASDAQ:MCRI) are holding up well this week as investors digest news of COO David Farahi's departure from the gaming company. The Reno-based operator made the announcement Tuesday, noting Farahi is leaving on Sept. 3 to pursue...
Caesars Sports Betting, iGaming Deserve More Credit, Says Morgan Stanley
Caesars Entertainment (NASDAQ:CZR) is making clear its intent to be a force in internet casinos and online sports wagering. But those ambitions and the company's ability to execute on them may not be getting enough credit among investors, argues an analyst. In...
Las Vegas Sands Stock Rebound Can Continue, Says Trader
Up almost 10.6 percent over the past week, Las Vegas Sands (NYSE:LVS) stock is attempting to shed its laggard status. At least one investor believes the gaming company's recent strength will continue. In midday trading, Sands shares are slightly lower. But that...
ARK Invest Adds Nearly $61M of DraftKings Stock Across Three Funds
Cathie Wood's ARK Investment Management continues embracing DraftKings (NASDAQ:DKNG). The growth fund manager gobbled up $60.6 million worth of the sportsbook operator's shares on Tuesday, Aug. 24. The New York-based fund manager known for taking stakes in companies it views as innovative...
NFL, College Football Betting Could Swell to $20B in 2021, According to Forecast
Bettors can't wait to get their football fix, and one research firm is projecting regulated gaming outlets in the US will draw more than $20 billion in wagers on the NFL and college football this year. That forecast arrives courtesy of PlayUSA,...
