5316 stories by Todd Shriber
Sports Betting Stocks Retreat, But Analysts Say Catalysts Remain
Sports wagering equities, including DraftKings (NASDAQ:DKNG), Flutter Entertainment (OTC:PDYPY), and Penn National Gaming (NASDAQ:PENN), are faltering Wednesday. Analysts don't expect that scenario to last for long. Shares of FanDuel parent Flutter and DraftKings are off an average of two percent today, while...
GeoComply Enters Unicorn Territory with Atairos, Blackstone Investments
GeoComply Solutions, the provider of geolocation services to gaming operators, is in rarefied air among privately held emerging growth companies. Following the first influx of institutional capital into the Canadian cybersecurity firm, the company is valued at north of $1 billion. That...
Bally’s Reveals Offer for Gamesys, Extends Acquisition Binge
Shares of Bally's Corp. (NYSE:BALY) are soaring Wednesday after the company said it reached an agreement in principle to acquire online gaming operator Gamesys (OTC:JKTPF). News of the deal was revealed in an 8-K filing with the Securities and Exchange Commission (SEC)....
Rush Street Interactive Becomes Wall Street Fave, Analyst Sees Second-Half Revenue Surge
Rush Street Interactive (NYSE:RSI) is not even three months removed from becoming a publicly traded company. But it's quickly becoming a hit among some Wall Street analysts. Shares of the online casino and sportsbook operator are slumping -- down seven percent over...
Sportradar Buying Synergy Sports, Company Backed by Rumored SPAC Suitor Boehly
Sportradar is acquiring sports data and video analytics provider Synergy Sports for an undisclosed sum, according to the two companies. Sports betting data provider Sportradar is using the purchase of Synergy to complement its roster of agreements with professional sports leagues. The...
Goldman Sachs Sees iGaming, Sports Betting Growth Outpacing E-Commerce
The domestic online casinos and sports wagering markets are two of the biggest consumer-related stories, and are poised to notch enviable compound annual growth (CAGR) for over a decade, according to Goldman Sachs. Citing the familiar catalysts of a positive legislative environment...
Blackstone May Have to Raise Bid for Crown Resorts, Says JPMorgan
Blackstone (NYSE:BX) is offering $6.2 billion for Crown Resorts. But that may not be enough to get the Australian gaming company to come to the bargaining table. On Sunday, Crown said it received the proposal from the private equity firm, valuing the...
Bally’s Rebuffed in World Poker Tour Takeover Bid
When it comes to mergers and acquisitions, Bally's Corp. (NYSE:BALY) usually gets its desired target. That may not be the case with the World Poker Tour (WPT). Allied Esports Entertainment (NASDAQ:AESE), the current owner of the WPT, said today it revised an...
HBK Europe Contesting Caesars William Hill Takeover
Alternative investment firm HBK Europe Management, LLP plans to contest Caesars Entertainment's (NASDAQ:CZR) proposed $3.69 billion takeover of William Hill (OTC:WIMHY). They will do so on the basis that vital information wasn't fully disclosed to investors in the British bookmaker. The Las...
DraftKings Stock Called Top Pick by Loop Capital on New York Online Potential
DraftKings (NASDAQ:DKNG) stock earned more praise today from one of its biggest supporters, as Loop Capital reiterated a bullish view on the sportsbook operator. Research firm Loop Capital reminds investors of its “buy” rating on DraftKings and its top pick status, citing...
