4980 stories by Todd Shriber
Skillz Aarki Acquisition Draws Praise from Analysts, Investors
Skillz (NYSE:SKLZ) stock surged 17.26 percent this week, thanks entirely to a 27 percent gain on Wednesday. The move came on news the mobile games company is buying internet advertising firm Aarki for $150 million in cash and stock. It's the esports...
Las Vegas Sands CEO Goldstein Frustrated by Macau Lethargy, Still Wants US Exposure
Las Vegas Sands (NYSE:LVS) CEO Rob Goldstein is disappointed by the sluggish rebound in Macau, but adds the company remains bullish on the world's largest casino center long-term. In remarks made at the virtual Bernstein Annual Strategic Decisions Conference earlier this week,...
Pansy Ho Continues Trimming MGM Stock Stake, Now Below One Percent
Pansy Ho, co-chairperson at MGM China Holdings Ltd., continues paring her stake in MGM Resorts International (NYSE:MGM). She now owns less than one percent of the US casino giant. In a series of sales spanning May 26 through May 28, Ho sold...
Melco Sees Value in Slumping Stock, Reveals $500 Million Buyback
Melco Resorts & Entertainment (NASDAQ:MLCO) is a fan of its stock, as the gaming company said it will repurchase $500 million worth of its own shares. The Hong Kong-based casino operator made the announcement in a Form 6-K filling with the Securities...
Genting Singapore Can Win Yokohama Casino Competition, Says Bank
It's been just two days since Genting Singapore and Melco Resorts & Entertainment (NASDAQ:MLCO) were revealed as the two operators advancing to Yokohama's request for proposal (RFP) process. An investment bank is already saying the former has the inside track. In a...
Manhattan Casino Idea on Life Support as Politicians Balk
Plans to bring a casino to the New York City borough of Manhattan suffered a major blow this week, as politicians scoffed at the idea. New York Gov. Andrew Cuomo (D) favored the idea of bringing a Las Vegas Strip-style integrated resort...
Skillz Stock Soars on $150 Million Aarki Advertising Acquisition
Embattled Skillz (NYSE:SKLZ) stock is racing higher Wednesday after the mobile games platform provider said it's purchasing online advertising firm Aarki for $150 million, forming the first integrated esports advertising outlet. The cash and equity deal is slated to close in the...
DraftKings Sags as Morgan Stanley Trims Price Target, Questions Stock-Based Compensation
DraftKings (NASDAQ:DKNG) stock is trading lower Wednesday after Morgan Stanley cut its price target on the sportsbook operator. The investment firm expressed concern over the company's equity-based compensation practices. In midday trading, the shares are off about two percent, extending a decline...
Genting Singapore, Melco Resorts Officially Advance in Yokohama Casino Bidding Process
As was widely expected, Genting Singapore and Melco Resorts & Entertainment (NASDAQ:MLCO) are the gaming operators that qualified to participate in Yokohama's request for proposal (RFP) plans. Japan's second-largest city made the announcement yesterday. Ultimately, one of the companies will be selected...
Universal Entertainment Hit with CCC+ Credit Rating as Fitch Worries About Okada Manila SPAC Deal
Japanese gaming company Universal Entertainment Corp.'s (UEC) credit rating has been lowered to “CCC+” from “B” by Fitch Ratings. The research firm expressed concerns about the operator's plans to list its Okada Manila integrated resort business on a US exchange. Corporate bonds...
