5138 stories by Todd Shriber
Sportradar Pulls Plug on Horizon SPAC Transaction, Mulls Standard IPO
Sportradar and special purpose acquisition company (SPAC) Horizon Acquisition Corp. II (NYSE: HZON) are reportedly ending merger talks. The sports betting data provider is opting to pursue a conventional initial public offering (IPO). Talks between the Swiss company and the SPAC founded...
Caesars, Golden Entertainment, MGM Highlighted by Analyst Favoring US Gaming Stocks
The US is the place to be when it comes to winning gaming equities, as one analyst is extolling the virtues of names such as Caesars Entertainment (NASDAQ:CZR), Golden Entertainment (NASDAQ:GDEN), and MGM Resorts International (NYSE:MGM). In a note to clients today,...
Guangdong COVID-19 Border Protocols Problematic for Macau Concessionaires, Says Bank
A recent surge in coronavirus cases in Guangdong, the Chinese province closest to Macau, is prompting stricter border controls. It could be the latest issue to weigh on the casino center's still slow rebound. Since the start of this month, more than...
DraftKings Stock Gets Russell Rebalance Lift, Caesars, Penn Could See Selling Pressure
More details are emerging on the looming rebalancing of FTSE Russell equity benchmarks, and there appears to be good news for DraftKings (NASDAQ:DKNG) stock. Shares of the sportsbook operator are higher by more than four percent in midday trading after Jefferies published...
Genting Singapore Already Flexing Muscles in Yokohama
In what's now a two-competitor race to bring an integrated resort to Yokohama, Genting Singapore is making clear it means business. At the gaming company's recent annual meeting, it was revealed a portion of Executive Chairman Tan Sri Lim's compensation will be...
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...
