5138 stories by Todd Shriber
Manhattan Casino Idea on Life Support as Politicians Balk
Plans to bring a casino to the New York City borough of Manhattan suffered a major blow this week, as politicians scoffed at the idea. New York Gov. Andrew Cuomo (D) favored the idea of bringing a Las Vegas Strip-style integrated resort...
Skillz Stock Soars on $150 Million Aarki Advertising Acquisition
Embattled Skillz (NYSE:SKLZ) stock is racing higher Wednesday after the mobile games platform provider said it's purchasing online advertising firm Aarki for $150 million, forming the first integrated esports advertising outlet. The cash and equity deal is slated to close in the...
DraftKings Sags as Morgan Stanley Trims Price Target, Questions Stock-Based Compensation
DraftKings (NASDAQ:DKNG) stock is trading lower Wednesday after Morgan Stanley cut its price target on the sportsbook operator. The investment firm expressed concern over the company's equity-based compensation practices. In midday trading, the shares are off about two percent, extending a decline...
Genting Singapore, Melco Resorts Officially Advance in Yokohama Casino Bidding Process
As was widely expected, Genting Singapore and Melco Resorts & Entertainment (NASDAQ:MLCO) are the gaming operators that qualified to participate in Yokohama's request for proposal (RFP) plans. Japan's second-largest city made the announcement yesterday. Ultimately, one of the companies will be selected...
Universal Entertainment Hit with CCC+ Credit Rating as Fitch Worries About Okada Manila SPAC Deal
Japanese gaming company Universal Entertainment Corp.'s (UEC) credit rating has been lowered to “CCC+” from “B” by Fitch Ratings. The research firm expressed concerns about the operator's plans to list its Okada Manila integrated resort business on a US exchange. Corporate bonds...
Entain CEO Urges Tabcorp To Take His Bid to Avoid Risky Rivals
Entain Australia CEO Dean Shannon, not surprisingly, believes his company's $2.7 billion proposal for Tabcorp's media and sports wagering businesses is the best in a growing field and is urging the operator to accept that bid. Speaking publicly on the matter for...
News Corp Australia Aiming for FOX Bet Debut, Could Pursue Tabcorp Sports Wagering Unit
News Corp Australia is reportedly in late-stage discussions with a group headed by renowned Australian bookmaker Matthew Tripp. That could lead to the creation of a new wagering entity and a run at Tabcorp's media and sports betting businesses. Unidentified sources with...
Everi Stock Has Good Vibes, Analyst Sees Lot More Upside
Quietly, Everi Holdings (NYSE:EVRI) stock is one of this year's best-performing gaming equities. Even with a 50.11 percent 2021 gain, the slot manufacturer and Fintech purveyor offers much more upside, according to one analyst. In a recent note to clients, B. Riley's...
Boyd Gaming Stock Is Hot, But Underappreciated, Says Analyst
Up 52.31% year-to-date, Boyd Gaming (NYSE:BYD) stock is a star among gaming equities. But at least one analyst says the casino operator may not be getting all the adulation it deserves. In a new note to clients, Stifel analyst Steven Wieczynski reiterates...
BetMakers Jumps Into Tabcorp Bidding Fray with $3.1 Billion Offer
Australian betting technology company BetMakers is inserting itself into the field of contenders for Tabcorp's media and sports wagering units with a $3.1 billion bid. The proposal, revealed late Thursday, is equivalent to $4 billion in local currency terms, and is a...
