5082 stories by Todd Shriber
Corvex Management Boosts MGM Stake to 15.67 Million Shares
Keith Meister's Corvex Management upped its position in MGM Resorts International (NYSE:MGM) during the second quarter. The hedge fund controlled by the MGM board member now owns 15.67 million shares of the largest operator on the Las Vegas Strip, a stake valued...
Sportradar Opts for Traditional IPO After SPAC Deal Fizzles
Sports betting data provider Sportradar AG filed plans today with the Securities and Exchange Commission (SEC) for an initial public offering (IPO). The Form F-1 filing was revealed just over two months after the Swiss firm and special purpose acquisition company (SPAC)...
Paulson Adds Bally’s to Hedge Fund Portfolio
John Paulson's eponymous hedge fund initiated a new position in casino operator Bally's (NYSE:BALY) in the second quarter. A Form 13F filing with the Securities and Exchange Commission (SEC), released Monday, revealed Paulson & Co. bought one million shares of the Rhode...
GAN Defended by Analysts Following Post-Earnings Plunge
GAN Ltd. (NASDAQ:GAN) stock is being taken to the woodshed today. That's after the gaming technology provider's second-quarter earnings per share missed Wall Street estimates. After the close of US markets Monday, GAN said it lost seven cents a share in the...
Sightline Payments Hits $1B Valuation, Becomes Nevada’s First Fintech Unicorn
Sightline Payments, a provider of cashless gaming solutions, has eclipsed a private market valuation of more than $1 billion, making the company Nevada's first fintech “unicorn.” “Unicorn” is financial parlance for closely held companies with valuations of at least $1 billion. Just...
Einhorn’s Greenlight Capital Exits Betway SPAC
Greenlight Capital, the hedge fund run by financier and poker player David Einhorn, sold its stake in special purpose acquisition company (SPAC) Sports Entertainment Acquisition Corp. (NYSE:SEAH) in the second quarter. Sports Entertainment is serving as the vehicle through which Super Group,...
Boyd, Caesars, Red Rock Top JPMorgan Casino Stock List
JPMorgan released a broad look at the gaming industry today, highlighting Boyd Gaming (NYSE:BYD), Caesars Entertainment (NASDAQ:CZR) and Red Rock Resorts (NASDAQ:RRR) as its top three ideas among the casino stocks it rates “overweight.” Each of those names is tethered to the...
Las Vegas Sands Stock So Bad, It May Actually Be Good, Says Strategist
Down 33 percent year-to-date, Las Vegas Sands (NYSE:LVS) stock isn't just one of the worst-performing gaming equities. Residing more than 40 percent below its 52-week high, it's the only member of the S&P 500 with a 2021 loss of at least 30...
Yokohama Casino Effort Will Move Ahead with Genting Likely Winner, Says Bank
Amid swirling controversy over the fate of a gaming venue in Yokohama, at least one investment bank believes an integrated resort will come to life in Japan's second-largest city. It sees Genting Singapore as the likely winner of the two bidders. In...
NeoGames Buying Opportunity Afoot Following Post-Earnings Slide, Says Analyst
NeoGames (NASDAQ:NGMS) stock tumbled nearly 15 percent Thursday following its second-quarter earnings update, and that slide is continuing today. But one analyst called reaction to the results “puzzling” while noting a buying opportunity in shares of the online lottery operators is now...
