5254 stories by Todd Shriber
Las Vegas Sands, Wynn Lure Retail Traders as Stocks Slump
Amid the specter of intensifying regulatory scrutiny in Macau, Las Vegas Sands (NYSE:LVS) and Wynn Resorts (NASDAQ:WYNN) are two of the worst-performing gaming stocks this month. But that's not stopping some investors from embracing the casino names. Data from Vanda Research indicates...
Genius Sports Insiders Selling 6.62 Million Shares, NFL Has Substantial Stake in Company
In a filing with the Securities and Exchange Commission (SEC), Genius Sports (NYSE:GENI) revealed some insiders and early investors at the company are selling more than 6.62 million shares of stock. They also revealed that the NFL is one of its largest...
MGM Seeking Full BetMGM Control, Unlikely to Renew Entain Takeover Offer
MGM Resorts International (NYSE:MGM) is rumored to be mulling avenues to gain full control of the BetMGM enterprise, and is unlikely to make another acquisition offer for its partner on that businesses, Entain Plc (OTC:GMVHY). The speculation about MGM's plans for BetMGM...
DraftKings’ Entain Offer Seen Stoking More Sports Betting M&A, Say Analysts
Market participants are digesting the news that DraftKings (NASDAQ:DKNG) is proposing a $22.4 billion cash and stock acquisition of Entain Plc (OTC:GMVHY). Some analysts are saying talks between the two gaming companies could spur more consolidation in the sports wagering industry. On...
DraftKings Floats $22.4B Bid for Entain After Prior Offer Rejected
DraftKings (NASDAQ:DKNG) is wooing Entain Plc (OTC:GMVHY) with a $22.4 billion takeover offer after the Ladbrokes owner turned back a previous bid. The Boston-based daily fantasy sports (DFS) and online sports wagering company rocked the gaming industry today, offering $20 billion for...
Michael Jordan Boosts Sportsradar Investment, Takes Special Advisory Role
Michael Jordan is boosting his equity stake in Sportradar (NASDAQ:SRAD) and joining the newly public company as a special advisor to the board of directors. Sportradar, a provider of sports betting data, went public last week, raising more than $670 million after...
MGM Monitoring DraftKings/Entain Situation, Says Consent Needed for Transaction
MGM Resorts International (NYSE:MGM) is making its voice heard in the matter of DraftKings (NASDAQ:DKNG) delivering a $20 billion takeover offer for Entain Plc (OTC:GMVHY). In a stunning move, DraftKings is offering $20 billion in cash and equity for Entain. Entain is...
DraftKings Shocks Sports Betting World, Makes $20B Offer for Entain
DraftKings (NASDAQ:DKNG) is reportedly courting Entain Plc (OTC:GMVHY) at a price tag of $20 billion. It's news that's sending shockwaves throughout the sports betting universe. Citing unidentified sources, CNBC reports DraftKings is offering $20 billion in cash and equity for the Ladbrokes...
Barstool Met with DraftKings, Other Gaming Companies Prior to Penn Deal
Barstool Sports held talks with DraftKings (NASDAQ:DKNG) and other gaming companies prior to sealing a deal last year with Penn National Gaming (NASDAQ:PENN). Barstool finally concluded a deal with Penn that sets the stage for the casino operator to eventually own the...
Chanos Is Short Wynn, Says Stock Should Be Trading in the $40s
Kynikos Associates founder Jim Chanos, one of Wall Street’s most noted short sellers, is bearish on Wynn Resorts (NASDAQ:WYNN), citing regulatory headwinds in Macau. In an interview today with CNBC, Chanos said his firm is short a US-based Macau casino operator and...
