5082 stories by Todd Shriber
Apollo, 888 Leading for William Hill International Biz as CVC Departs
888 Holdings (OTC:EIHDF) and Apollo Global Management (NYSE:APO) are the remaining contenders for the William Hill assets being auctioned by Caesars Entertainment (NASDAQ:CZR). CVC Capital Partners has dropped out of the bidding. Private equity firm CVC controls German sportsbook operator Tipico, which...
Cosmopolitan Las Vegas Rumors Say Blackstone Wants $5B Plus
Apollo Global Management (NYSE:APO) and MGM Resorts International (NYSE:MGM) are reportedly interested in acquiring the Cosmopolitan on the Las Vegas Strip. Current owner Blackstone (NYSE:BX) is rumored to be shopping the venue at a price tag of at least $5 billion. A...
SLING TV Rolling Out Barstool Sports Channel, Including Betting Content
Today, Streaming television service SLING TV annouved it's introducing a channel dedicated to Penn National Gaming's Barstool Sports unit. The Barstool Sports Channel is available to SLING subscribers and SLING Free users. Arriving just in time for the start of the 2021...
BetMGM Entering Puerto Rico, First Sports Betting Market Access Outside Mainland US
BetMGM and Casino del Mar at La Concha Resort in San Juan, Puerto Rico have announced the gaming company is bringing mobile sports wagering to the territory, marking the first access agreement outside the 50 states. The Caribbean island is an unincorporated...
888 Holdings Looking to Go Big in M&A, Says CEO Pazner
Count Israel's 888 Holdings among the companies looking to participate in gaming industry consolidation in a big way. In an investor presentation released yesterday, the gaming company highlights “strategically attractive mergers and acquisitions” as one of its top strategic priorities. CEO Itai...
Caesars William Hill Auction Nearly Done, Could Fetch up to $2.75B
Caesars Entertainment's (NASDAQ:CZR) auction of William Hill's international business is nearly complete. It's possible the US gaming behemoth will rake in more for those assets than previously expected. When Caesars revealed plans to acquire William Hill late last year, it made clear...
Facebook Soon Introducing Fantasy Sports, Predictive Games
Social media giant Facebook is dipping its toes into fantasy sports and predictive games, revealing a suite of offerings pertaining to pop culture, sports, and television shows. The first game introduced by the company is Pick & Play Sports, launched in partnership...
Spotlight Sports Boosts Fantasy Sports Footprint in Alarm Sports Network Acquisition
Spotlight Sports Group said today it's acquiring FA Media LLC, the parent company of Alarm Sports Network, in an all-cash deal aimed at bolstering the buyer's presence in the fantasy sports space. Owned by Exponent Private Equity, Spotlight Sports is a provider...
Playtika Paying $600M for Redecor App Parent Reworks
Mobile gaming company Playtika (NASDAQ:PLTK) is spreading its wings beyond the gaming space in its $600 million purchase of design entertainment app purveyor Reworks. The Israeli company said late Monday it's acquiring Finland-based Reworks, the owner of the popular design entertainment mobile...
Skillz Stock Pops on Increasing WallStreetBets Mentions
Skillz (NYSE:SKLZ) stock is soaring Wednesday as the mobile games provider receives increasing attention on popular financial social media sites, including Reddit's notorious WallStreetBets. In early trading, shares of the esports tournament provider are higher by more than nine percent on volume...
