5082 stories by Todd Shriber
DraftKings Had Eyes for Bleacher Report in 2020, Rumor Could Resurface
DraftKings (NASDAQ:DKNG) reportedly made a run at acquiring Bleacher Report last year, and there are viable reasons why that speculation could reappear over the near-term. An article by The Information out earlier today indicates the sportsbook operator broached the subject of buying...
Macau Rebound Moving Along, Full Recovery Coming in 2022, Says Morningstar
Gaming equities with heavy Macau exposure are lagging their Las Vegas-centric and regional counterparts this year. Investors are jittery are about the sluggish pace of recovery in the world's largest casino center and a recent uptick in coronavirus cases in Mainland China....
GAN Stock Soars as Company Lands Michigan Tribal Deal, Analyst Waxes Bullish
GAN Ltd. (NASDAQ:GAN) stock is surging Monday. That's after the gaming technology provider said it inked a deal with the Saginaw Chippewa Indian Tribe of Michigan to deploy its cloud computing services at a casino owned by the tribe. GAN will provide...
Golden Entertainment Credit Outlook Lifted to ‘Stable,’ Ratings Upgrade Possible
The outlook on Golden Entertainment's (NASDAQ:GDEN) B3 credit rating was recently upgraded by Moody's Investors Service, and while an alteration to that grade wasn't made in the assessment, it's a possibility in the future. The research firm raised its outlook on the...
Genting Singapore Seen in Catbird Seat in Yokohama Casino Race, Says Bank
The field of contenders pursuing a Yokohama integrated resort license is declining in number. But one research firm sees Genting Singapore as the leader in the clubhouse. In a recent report, Maybank Research estimates that a gaming venue in Japan's second-largest city...
Tabcorp to Keep Apollo, Entain Waiting on Divestment Decision for Another Month
Tabcorp will keep suitors for its media and sports wagering businesses on hold for at least another month. The board of the Australian company meets on June 20. Apollo Global Management (NYSE:APO) and Entain Plc (OTC:GMVHY) are viewed as the prime bidders...
Genius Sports Lifts 2021 Revenue Outlook by 35 Percent
In its second earnings report as a stand-alone public company, Genius Sports (NYSE:GENI) said Thursday sales in the January through March period jumped 52 percent to $53.7 million, easily beating analysts' estimate of $44 million. That's impressive, but investors are likely focusing...
Resorts World Las Vegas Ramp Up Could Take Until 2024, Says Research Firm
Resorts World Las Vegas opens in just a few weeks. But it's going to take some time for the $4.3 billion integrated resort to fully ramp up and turn a profit. The first Nevada venue of Malaysian gaming consortium and industrial conglomerate...
FanDuel, DraftKings Lead Ad Spending Surge Among Online Sportsbooks
FanDuel and DraftKings accounted for a significant percentage of the $154 million spent in the first quarter by online sportsbook operators on local television advertising. The two largest mobile sportsbook companies by market share combined for $101 million in local TV ad...
Entain Mulling Run at William Hill International Business
Entain Plc (OTC:GMVHY) is considering joining the fray of bidders for William Hill's non-US assets, including the sportsbook operator's famed UK betting shops. Caesars Entertainment (NASDAQ:CZR) recently completed its $3.69 billion acquisition of William Hill. But when that deal was announced last...
