5082 stories by Todd Shriber
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,...
Macau Casino Stocks Rally as Some Travel Restrictions Ease
Las Vegas Sands (NYSE:LVS) and Wynn Resorts (NASDAQ:WYNN) are among the Macau operators seeing previously moribund shares surge Tuesday. That's after the special administrative region (SAR) said some travel controls prompted by a recent outbreak of the coronavirus on mainland China will...
DraftKings, Simplebet Ink Multi-Year Micro-Betting Accord
Today, DraftKings and Simplebet announced a multi-year agreement to bring real-money micro-betting to the DraftKings sportsbook. Micro-betting is an emerging derivative of in-game or live betting – areas operators are pushing into in an effort to boost handle and drive fan engagement....
Caesars, Fiesta Bowl Strike First Sports Betting Partnership Involving College Bowl Game
Caesars Entertainment and the Fiesta Bowl have reached an agreement whereby the casino operator will provide fantasy sports and sports betting services. It marks the first partnership between a gaming company and a college bowl game. Financial terms of the deal weren't...
