4982 stories by Todd Shriber
Loeb, Litt Drop, Reduce Exposure to Caesars Stock
Some well-known money managers reduced or outright eliminated holdings in Caesars Entertainment (NASDAQ:CZR) in the final three months of 2020. Dan Loeb's Third Point hedge fund departed the gaming giant's shares in the fourth quarter, marking the end of a brief flirtation...
Soros Rings Register on DraftKings Stock, Exits Gaming Name
Soros Fund Management, the family office of billionaire financier George Soros, has liquidated its position in online sportsbook operator DraftKings (NASDAQ:DKNG). DraftKings was one of three stakes Soros Fund Management eliminated entirely during the fourth quarter. The other two are not gaming...
PlayAGS Stock Has Double Potential, Says Roth Capital Analyst
PlayAGS (NYSE:AGS) stock is in rally mode Tuesday, after a sell-side analyst said shares of the gaming device manufacturer offer significant upside potential. On Tuesday, Roth Capital analyst David Bain reiterated a “buy” on the slot machine maker will lifting his 12-month...
Genius Sports, WynnBET Ink Sportsbook Deal, NASCAR, International Sports in Focus
Sports betting data provider Genius Sports and Wynn Resorts' WynnBET unit have reached an agreement to provide the sportsbook operator with data services. Financial terms of the pact weren't disclosed. London-based Genius is now providing WynnBET with its LiveData and LiveTrading services...
Casino REITs Beacons of Stability in Real Estate Sector
Last year, the real estate sector languished, as hotel and office real estate investment trusts (REITs) were punished at the hands of the coronavirus pandemic. Surprisingly, gaming landlords proved sturdy, despite multi-month casino closures. The three publicly traded casino REITs -- Gaming...
Okada Manila Operator on SPAC Search to Gain Nasdaq or NYSE Listing
Universal Entertainment Group is looking for a US-based special purpose acquisition company (SPAC) to partner with to list the Okada Manila integrated resort business on the Nasdaq or New York Stock Exchange (NYSE). The Japanese company declared its intentions to work with...
Score Media to Reverse Split Stock, Hoping to Land Major US Exchange Listing
Score Media and Gaming Inc. (OTC:TSCRF), the Canadian sports wagering company also known as theScore, will reverse split its stock. The goal is gaining access to a major US bourse, such as Nasdaq or the New York Stock Exchange (NYSE). Currently, theScore's...
Tropicana Las Vegas Listed for $384 Million, Post-Repair Value Could Be $500 Million
About a month after Tropicana was listed for sale again, owner Gaming & Leisure Properties (NASDAQ:GLPI) finally has an official asking price: $384 million, according to real estate web site MyHouseDeals.com. Rumors about the fate of the venue have circulated since March...
MGM Execs Discuss Paring MGP Stake, Wall Street Focusing on Sports Betting, Strip Recovery
MGM Resorts International (NYSE:MGM) reported fourth-quarter results after the close of US markets Wednesday and in a subsequent conference call with analysts. The BetMGM unit and the operator's plans for its equity in MGM Growth Properties (NYSE:MGP) took center stage. On the...
Playboy Goes Public Again In SPAC Merger, Could Hunt Gaming, Sports Bet Deals
After nearly a decade as a privately held company, Playboy is again public, following its completion of a merger with special purpose acquisition company (SPAC) Mountain Crest Acquisition Corp. The blank-check entity said last October it was paying $381 million to acquire...
