5402 stories by Todd Shriber
Maddox Sells 56,000 Shares of Wynn Stock, Cashing Winning Bet on Company Equity
Wynn Resorts (NASDAQ:WYNN) CEO Matt Maddox recently sold about 56,000 shares of the company's stock. Maddox was taking some profits after a tumultuous year in which the gaming name sagged due to the coronavirus pandemic, then proceeded to more than triple from...
MGM Explains Entain Acquisition Offer, Analyst Calls it ‘Smart, Strategic’
MGM Resorts International (NYSE:MGM) has confirmed it made an $11.06 billion takeover bid for Entain Plc (OTC:GMVHY), its partner on the BetMGM venture, and that the British company turned back the proposal, saying it undervalues the company. On Sunday, news emerged that...
Las Vegas Sands, Wynn Are Macau Names to Remember Following Forgettable 2020
Last year, the six Macau concessionaires won just $7.53 billion combined, as the coronavirus pandemic forced the worst annual gross gaming revenue (GGR) tally in the special administrative region (SAR) since 2006. But analysts are optimistic about rebound prospects in 2021. Coming...
Churchill Downs ‘Irreplaceable Assets’ Driving EBITDA Growth, Says BofA Analyst
Churchill Downs (NASDAQ:CHDN) is setting up to be one of 2021's more compelling names in the gaming space, according to one analyst. In new coverage of the racetrack operator's stock, Bank of America (BofA) analyst Finn Barrett today rates Churchill a “buy”...
MGM Proposes $11.06 Billion Entain Takeover, But Target Says That’s Not Adequate
MGM Resorts International (NYSE:MGM) is offering $11.06 billion for Entain Plc (OTC:GMVHY). But the British bookmaker says that's not enough. Reports surfaced Sunday that the Mirage operator is seeking to acquire its partner in the BetMGM online casinos and sports betting venture....
Eris Exchange Pitching NFL Futures Contracts, Targeting Sportsbook Hedging Needs
Eris Exchange, LLC (ErisX), the operator of a digital currency exchange and clearinghouse, is asking the Commodity Futures Trading Commission (CFTC) to permit futures contracts tied to NFL games on its bourse. The Chicago-based company sent a letter to the CFTC last...
William Hill Mobile App Debuts in Washington, Can’t Be Used in Fed Buildings
William Hill's mobile betting application is live in the nation's capitol. But it doesn't offer much of the convenience gamblers associate with placing bets via smartphones. DC Lottery approved the William Hill app this month and the British bookmaker announced the launch...
Rush Street Interactive Debuts on New York Stock Exchange Following SPAC Deal
Rush Street Interactive (NYSE:RSI) is officially a public company. It launched on the New York Stock Exchange today after its merger with special purpose acquisition company (SPAC) dMY Technology Group Inc. wrapped up Tuesday. Blank-check firm dMY Technology Group raised $230 million...
Hawaii Governor Ige Quickly Objects to Kapolei Casino Plan
Hawaii Gov. David Ige (D) is already speaking out against a proposed casino in Kapolei, the second-largest city on the island of Oahu. Though not surprising, the governor's opposition to the idea comes just days after the Hawaiian Homes Commission (HHC) narrowly...
Golden Nugget Online To Make Nasdaq Debut After Landcadia Holders Approve Merger
Tilman Fertitta's Golden Nugget Online Gaming will make its debut as a standalone publicly traded entity on Wednesday, Dec. 30, launching on the Nasdaq under the ticker “GNOG.” That's after Landcadia Holdings II, Inc. (NASDAQ:LCA) investors voted to approve a merger between...
