5449 stories by Todd Shriber
Jim Murren SPAC Acies Acquisition in Talks to Take MGM-Supported Playstudios Public
Blank-check firm Acies Acquisition Corp. (NASDAQ:ACACU) is proving who you know is always important in business. The special purpose acquisition company (SPAC) created last year by former MGM Resorts International (NYSE:MGM) CEO Jim Murren, Dan Fetters, and Edward King is reportedly in...
Robert Goldstein, Purported Online Sports Betting Backer, Replaces Sheldon Adelson at Las Vegas Sands
Las Vegas Sands (NYSE:LVS) has removed “acting” from Robert Goldstein's titles as chairman and chief executive officer. It makes the longtime executive the company's first permanent leader following the death of Sheldon Adelson earlier this month. Goldstein, 64, took the reins as...
Goldman Upgrade Golden for DraftKings Stock, Shares Soar, Helped by Michigan Forecast
DraftKings (NASDAQ:DKNG) stock is one the best-performing equities Tuesday after Goldman Sachs analyst Stephen Grambling upgraded the name. In late trading, shares of the sportsbook operator are higher by about 6.70 percent after Grambling lifted his rating on the stock to “buy”...
Genting Malaysia Will Support Resorts World New York If Needed, Says Fitch
Genting Malaysia (GenM) could step in to support its New York unit if that business encounters financial difficulty in the future, according to Fitch Ratings. GenM is the gaming company behind the Resorts World brand. Genting New York LLC (GenNY), the operator...
Lakeside Inn and Casino in Nevada Auctioning Slots, Gaming Tables
Locals and gaming memorabilia enthusiasts may find some treasure at an upcoming auction featuring assets of the Lakeside Inn and Casino in Stateline, Nev. The 35-year-old casino, located just a mile over the California border, was a beloved destination for locals despite...
Full House Comes Up Aces on Q4 Results Reveal, Colorado Expansion Plans
On what's shaping to be a mostly bleak day for gaming equities, Full House Resorts (NASDAQ:FLL) is one of the positive standouts. That's after delivering a strong preliminary look at its fourth-quarter results. The regional gaming company forecast revenue of $37.8 million...
Einhorn Bullish on fuboTV as Sports Fandom, Betting Become Interactive
Streaming service provider fuboTV (NYSE:FUBO) has the support of one of Wall Street's biggest names, a revelation that explains the stock's rally late last week. On news that David Einhorn’s Greenlight Capital was an early investor in the company and maintains a...
Boyd Gaming Near-Term Outlook Rough, But Long View Is Bright, Says Analyst
Boyd Gaming (NYSE:BYD), one of the dominant operators in downtown Las Vegas, could be challenged over the near-term because of the lingering coronavirus pandemic. But its long-term outlook is compelling. Those are the sentiments of Stifel analyst Steven Wieczynski, who, in a...
Caesars Stock Is Catalyst-Rich Story Bound to Hit Triple Digits, Says Analyst
Caesars Entertainment (NASDAQ:CZR) is higher by more than eight percent to start 2021 and 111 percent over the past six months. Citing an array of catalysts, one analyst says there's more upside where that came from for the Harrah's operator. In a...
Texas State Rep. Dutton Introduces Mobile-Only Sports Betting Bill, 6.25 Percent Tax Rate
Rep. Harold Dutton Jr. (D-Houston) recently introduced mobile-only sports wagering legislation in the Texas state House. The proposal limits the number of permits issued to five and features a favorable tax rate of 6.25 percent. Dutton is one of the longest-serving members...
