5316 stories by Todd Shriber
Blackstone Offers $6.2 Billion for Embattled Crown Resorts
Private equity titan Blackstone (NYSE:BX) is bidding $6.2 billion for controversy-laden Australian gaming operator Crown Resorts. Blackstone hasn't publicly confirmed the overture. But the speculation surrounding the gaming company was enough to send Crown shares higher by more than 19 percent in...
888 Holdings Mulling Run at William Hill European Assets
888 Holdings is considering a bid for William Hill's (OTC:WIMHY) European business. The properties are likely to be divested when Caesars Entertainment (NASDAQ:CZR) completes its $3.69 billion takeover of the British bookmaker. Caesars' acquisition of the sportsbook operator is in its final...
Resorts World Las Vegas Won’t Be Profitable for Several Years, Says Nomura
The highly anticipated Resorts World Las Vegas will not be profitable on a net basis for several years, according to Nomura analysts. The $4.3 billion venue is slated to open in the second half of this year. Construction on the west tower...
Macau to Benefit in 2022 as Mass Market Revenue Is Onshored, Says Morgan Stanley
Other Asia-Pacific gaming markets are likely to cede market share to Macau next year, as Chinese gamblers and tourists head back to the special administrative region (SAR). Analysts at Morgan Stanley believe that business will return as regional travel restrictions ease. Mass...
Fox Mulls Tabcorp Takeover to Boost Sports Betting Profile
Rupert Murdoch’s Fox Corp. (NASDAQ:FOXA) is reportedly mulling a bid for Australia's Tabcorp as an avenue for increasing its sports wagering exposure. The media giant is said to be working with an unidentified US investment firm on an offer for Tabcorp's betting...
JPMorgan Forecasts US Micro-Betting Boom
A team of JPMorgan analysts led by Daniel Politzer say micro-betting is shaping up to be the next big thing in sports betting. Micro bets are derivatives of in-game counterparts. With an in-game or live wager, a bettor places a traditional wager...
Bally’s Lands Major League Baseball Deal, Third Pro Sports Partnership
Bally's Corp. (NYSE:BALY) is ringing up another agreement with a domestic sports league, saying today it's now the authorized gaming partner of Major League Baseball (MLB). The gaming company now has accords with three of the four premier domestic sports associations, with...
Penn National Gaming Stock Offers Epic Upside Potential, Says Bank of America
Penn National Gaming (NASDAQ:PENN) stock jas earned another big endorsement from Bank of America (BofA). The banking giant highlights innovation with the Barstool Sports business and the possibility of mergers and acquisitions as an avenue for adding new customers. Last Friday, S&P...
Skillz Stock Stumbles After Announcing Sale of up to 36.8M Shares
Skillz (NYSE:SKLZ) stock is sliding Wednesday after the mobile games developer said it and some investors are selling up to 36.8 million shares of common equity. The esports operator is selling 17 million shares of Class A stock. Certain investors are selling...
MGM Hauls in $1.2 Billion Through Further Reduction of MGP Stake
MGM Resorts International (NYSE:MGM) continues thinning its position in its real estate partner MGM Growth Properties (NYSE:MGP). Late Monday, the casino operator said it redeemed another 37.1 million units of the gaming real estate investment trust (REIT), resulting in a haul of...
