5216 stories by Todd Shriber
Scientific Games Divesting Lottery, Sports Betting Units, Eyes IPO or SPAC Deal
Scientific Games (NASDAQ:SGMS) stock is rallying Tuesday. That's after the gaming equipment maker said it will divest its lottery management and sports wagering units as part of an ongoing effort to deleverage its balance sheet. The transactions, which are also aimed at...
Intralot Creditors Agree to Help Company Pay Off Debt in New Bond Deal
Creditors of Intralot are extending $177 million in financing to help the struggling Greek gaming operator meet debt payments coming due in September as part of a new bond agreement. Under the terms of the new accord, creditors will lend cash to...
Bally’s a Sports Betting Play as Investors Fret Over Integration, Says Analyst
Bally’s (NYSE:BALY) stock is lagging the broader gaming equity group over the past several months, as investors express concern about the company's ability to adequately digest recent acquisitions. But one analyst sees the issues hindering the shares being resolved and the opportunity...
Domino’s, DraftKings Make Betting on Pizza Delivery a Thing in New Promotion
It's often said that some gamblers “will bet on anything,” and Domino's Pizza and DraftKings are indulging that whim with a new free-to-play game. The two companies said Monday they're teaming up to allow users of the gaming company's daily fantasy sports...
Gambling.com Reveals Plans for US Initial Public Offering
Gambling.com, a provider of web sites that allow bettors to compare online casinos and sportsbooks, filed for a US initial public offering (IPO). In a recent Form F-1 filing with the Securities and Exchange Commission (SEC), the company reveals plans to list...
Entain Could Again Raise Offer for Tabcorp Media, Sports Betting Units
Rumors are swirling that Entain Plc (OTC:GMVHY) could again increase its bid for Tabcorp's media and sports wagering businesses as competition for those assets intensifies. The UK-based bookmaker is competing with private equity shop Apollo Global Management (NYSE:APO) and BetMakers for the...
Resorts World Las Vegas Could Be Precursor to Genting US Listing
Resorts World Las Vegas, which opened earlier this week, could set the stage for operator Genting Berhad to pursue a US listing of its shares. Bernstein analysts believe the newest integrated resort on the Strip is a sign the Malaysian parent wants...
DraftKings Positioned to Beat Q2 Revenue Estimates, Says Analyst
If state data is any indication, DraftKings (NASDAQ:DKNG) is poised to top second-quarter revenue estimates. That's the view of Loop Capital analyst Daniel Adam. In a note out earlier this week, Adam evaluated data from states that DraftKings is live in that...
MGM Resorts Stock Not Getting Enough Vegas Love, Says Analyst
MGM Resorts International (NYSE:MGM) is the largest operator on the Las Vegas Strip, meaning its stock is highly tethered to recovery in the largest US casino center. But one analyst believes the gaming equity isn't getting the credit it deserves. In a...
Penn National Gaming Lifts Q2 Guidance, Plans $400M Debt Sale
Penn National Gaming (NASDAQ:PENN) stock is getting a much needed boost Thursday. It is trading higher after the regional gaming company raised second-quarter revenue and adjusted earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) forecasts. The operator of...
