5359 stories by Todd Shriber
Chicago Not MGM Kind of Town, Says CFO Halkyard
MGM Resorts International (NYSEARCA:MGM) is weighing domestic expansion opportunities. But Chicago isn't part of those plans. CFO Jonathan Halkyard said there are complexities associated with bringing an integrated resort to the third-largest US city. That makes it an area the Bellagio operator...
Japan Reportedly Mulling Sports Betting Expansion by 2024, Could Be $65B Market
Japanese policymakers are rumored to be holding internal talks about expanding the country's regulated sports betting offerings to include the popular baseball and soccer leagues -- a move that, if made, could result in a sports wagering market worth an estimated $65...
Boyd Margin Story Impresses, Analyst Says M&A, Dividend Resumption Possible
Boyd Gaming (NYSE:BYD) reported better-than-expected first-quarter results on Tuesday. But the real story is ongoing margin expansion and signs that March traffic momentum is carrying over to April. That could be a sign the Orleans operator will deliver another round of impressive...
Golden Entertainment Stock Glitters, Offers Big Upside, Says Analyst
Already on a torrid pace, Golden Entertainment (NASDAQ:GDEN) stock offers significant appreciation potential. That's as the Las Vegas locals (LVLs) segment springs back to life and as more Californians flock to Nevada, among other factors, notes a sell-side analyst. B. Riley analyst...
DraftKings Media Grows with Dan Le Batard Podcast, Needham Analyst Bullish
DraftKings (NASDAQ:DKNG) continues moving further into the media landscape, announcing today it reached a content distribution agreement with Meadowlark Media. Meadowlark Media is the owner of Dan Le Batard’s network of shows. Financial terms of the agreement, which also includes monetization and...
Entain Ups Tabcorp Takeover Offer to $2.7B, Eyes Dominant Australia Perch
Entain Plc (OTC:GMVHY) is making another run at Tabcorp's betting and media businesses, raising its acquisition bid to $2.7 billion from $2.28 billion. Both companies confirm the revised proposal. The new offer from UK-based Entain arrives about a month after the Australian...
Penn National Gaming Leveraging Barstool, Portnoy to Join NFT Craze
Penn National Gaming (NASDAQ:PENN) is finding unique ways to capitalize on its stake in Barstool Sports. It is now entering the hot non-fungible token (NFT) space with an image of the media company's founder, David Portnoy. The brash, ubiquitous Portnoy, famed for...
Sinclair Broadcast Talking to Betting Companies on Bally’s-Like Accord
Sinclair Broadcast Group is looking to strike more deals akin to the one media company reached last year with casino operator Bally's Corp. (NYSE:BALY). The moves come as it's scrambling to rework the debt load at its regional sports network (RSN) business....
Betway Parent Reveals $4.75B Merger with SPAC Where NFL Commissioner’s Brother Is Director
Super Group, the parent company of global online sports betting operator Betway, is merging with special purpose acquisition company (SPAC) Sports Entertainment Acquisition Corp. (NYSE:SEAH). It's a transaction with a pre-equity valuation of $4.75 billion. As part of its plans to capitalize...
ARK Sears Skillz Stock Shorts, Calls Bear Reports Misleading
Embattled Skillz (NYSE:SKLZ) got some relief this week. The stock soared 20.25 percent, as ARK Investment Management gobbled up shares of the mobile games developer while defending it against bearish commentary. On Tuesday, shares of San Francisco-based Skillz were drubbed after a...
