4981 stories by Todd Shriber
Sinclair Broadcast Talking to Betting Companies on Bally’s-Like Accord
Sinclair Broadcast Group is looking to strike more deals akin to the one media company reached last year with casino operator Bally's Corp. (NYSE:BALY). The moves come as it's scrambling to rework the debt load at its regional sports network (RSN) business....
Betway Parent Reveals $4.75B Merger with SPAC Where NFL Commissioner’s Brother Is Director
Super Group, the parent company of global online sports betting operator Betway, is merging with special purpose acquisition company (SPAC) Sports Entertainment Acquisition Corp. (NYSE:SEAH). It's a transaction with a pre-equity valuation of $4.75 billion. As part of its plans to capitalize...
ARK Sears Skillz Stock Shorts, Calls Bear Reports Misleading
Embattled Skillz (NYSE:SKLZ) got some relief this week. The stock soared 20.25 percent, as ARK Investment Management gobbled up shares of the mobile games developer while defending it against bearish commentary. On Tuesday, shares of San Francisco-based Skillz were drubbed after a...
Washington State Aiming for NFL Season to Start Sports Betting at Tribal Casinos
Washington State's slow road to debuting regulated sports betting appears to have a launch date: The start of the 2021 NFL season. In February 2020, policymakers in the Pacific Northwest state signed off on sports betting at tribal casinos, putting the state...
China, Japan, South Korea to Drive Asian Gaming Markets, Says Goldman Sachs
China, Japan and South Korea -- three of the continent's richest countries -- will drive the bulk of casino gaming activity in Asia in the years ahead, notes Goldman Sachs. Speaking at the recent Japan IR Forum Online, Goldman Sachs Managing Director...
BetMGM Has Analysts Fawning for MGM Stock
MGM Resorts International (NYSE:MGM) is one of the largest operators of land-based casinos in the world, managing some of the most well-known venues on the Las Vegas Strip and elsewhere. But it's internet gaming and sports wagering that has some analysts aflutter....
Las Vegas Sands Mulls Boosting Sands China Investment with Venetian Sale Cash
Las Vegas Sands (NYSE:LVS) is considering using some of the proceeds from the sale of its Strip assets to increase its stake in Sands China, its Macau unit. Executives from the largest US gaming operator by market capitalization commented on the matter...
Bally’s Bounces as Jefferies Calls it ‘Transformative’ Casino Stock
Bally's (NYSE:BALY) is rallying Wednesday, chipping away at a 20 percent slide over the past month on more upbeat analyst commentary. Shares of the casino operator jumped 4.20 percent today, good for one of the best intraday performances among gaming equities. That's...
Genius Sports Stock Jumps in First Trading Day Following SPAC Merger
Sports betting data provider Genius Sports (NYSE:GENI) is soaring on its first day as a freestanding public company. In midday trading, Genius stock is higher by almost seven percent. The firm came to market via a merger with special purpose acquisition company...
BetMGM Forecasts $32 Billion iGaming, Sports Betting Market, Aims for 25 Percent Share
BetMGM is targeting a long-term market share of 20 percent to 25 percent in the booming US online casinos and sports betting industries. Recent data confirm the operator is well on its way to meeting that goal. The operator, which is a...
