5316 stories by Todd Shriber
Yokohama Casino Effort Will Move Ahead with Genting Likely Winner, Says Bank
Amid swirling controversy over the fate of a gaming venue in Yokohama, at least one investment bank believes an integrated resort will come to life in Japan's second-largest city. It sees Genting Singapore as the likely winner of the two bidders. In...
Bally’s Continues Acquisition Binge in Telescope Deal
Bally's (NYSE:BALY) is continuing its acquisitive ways, announcing earlier today the purchase of Telescope Inc. Financial terms of the deal weren't disclosed. Privately held Telescope provides “fan engagement services” for live events, interactive livestreams, and gamified second screen entertainment. Bally's is looking...
Entain Forecasts Up To 25% Share of $32B North American iGaming, Sports Betting
Entain Plc (OTC:GMVHY), half owner of the BetMGM business, said at its Investor Day today it's aiming for 20 percent to 25 percent of the North American internet casinos and online sports wagering markets. The operator believes the market will eventually be...
Penn National Score Media Acquisition ‘Credit Positive,’ Says Moody’s
Penn National Gaming's (NASDAQ:PENN) $2 billion cash and stock purchase of Score Media and Gaming (NASDAQ:SCR) last week is a credit positive for the buyer, according to Moody's Investors Service. The research firm has a “B1” rating, with a “stable” outlook on...
DraftKings Nevada Entry Possible Following Golden Nugget Online Acquisition
DraftKings (NASDAQ:DKNG) could eventually make its long-awaited move into Nevada sports wagering following the purchase of Golden Nugget Online Gaming (NASDAQ:GNOG) announced earlier this week. On Monday, the sportsbook operator said it's acquiring Tilman Fertitta's online casino firm for $1.56 billion in...
DraftKings/Golden Nugget Deal Draws Mostly Positive Response from Analysts
On Monday, DraftKings (NASDAQ:DKNG) announced the acquisition of online casino operator Golden Nugget Online Gaming (NASDAQ:GNOG) for $1.56 billion in equity. It's DraftKings' largest purchase since becoming a freestanding public company in April 2020. It is being viewed as further confirmation of...
SciPlay Forms Committee to Consider Scientific Games Takeover Offer
Social casino developer SciPlay Corp. (NASDAQ:SCPL) said its board of directors formed a special committee to evaluate a takeover offer presented last month by former parent company Scientific Games (NASDAQ:SGMS). On July 15, Scientific Games offered to acquire the 19 percent of...
FanDuel Has 45% of US Online Sports Betting in Q2, Forecasts 2023 Profit
Flutter Entertainment (OTC:PDYPY) delivered results for the first half of 2021 today, providing separate data for its US operations for the first time. The numbers affirmed the strength of FanDuel in the US online sports wagering market. The UK-based company, which owns...
DraftKings/GNOG Deal Precursor to More iGaming, Sports Betting Mergers, Says Analyst
On Monday, DraftKings (NASDAQ:DKNG) announced it’s buying Tilman Fertitta’s Golden Nugget Online Gaming (NASDAQ:GNOG) for $1.56 billion in stock. At least one analyst says that's just the beginning of more mergers and acquisitions activity in the iGaming and regulated sports wagering industries....
Caesars Tops Wynn on Bank of America Casino Stock List
Bank of America is reconfiguring its ratings on casino equities, and it's moving Caesars Entertainment (NASDAQ:CZR) ahead of Wynn Resorts (NASDAQ:WYNN) on the list. In a note to clients today, the bank upgrades the Caesars Palace operator to “buy” from “neutral,” while...
