5082 stories by Todd Shriber
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...
PointsBet Buying Banach Technology for $43 Million to Expand In-Game Betting Platform
PointsBet (OTC:PBTHF) is acquiring Banach Technology for $43 million. The move is aimed at increasing the sportsbook operator's footprint in the fast-growing in-game betting market. PointsBet will pay 55 percent of the $43 million in cash and deliver 1.75 million shares to...
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...
Bally’s Nabs World Poker Tour as Allied Esports Deems Revised Takeover Offer Superior
Bally's Corp. (NYSE:BALY) is getting its hands on the World Poker Tour (WPT), as Allied Esports Entertainment (NASDAQ:AESE) said the casino operator's offer for that unit is better than a previously accepted proposal from Element Partners, LLC. California-based Allied said today a...
Everi Credit Rating Lifts as Fitch Sees Restored EBITDA Levels in Late 2021
Gaming device manufacturer and FinTech purveyor Everi Holdings (NYSE:EVRI) can return to earnings before interest, taxation, depreciation and amortization (EBITDA) levels last seen prior to the coronavirus pandemic late this year, says Fitch Ratings. The research firm made that forecast in a...
Las Vegas Sands, Wynn Targets Raised as Macau Stocks Look Attractive for Second Half
Amid soaring levels of coronavirus vaccinations in the US and stimulus checks starting to hit some Americans' bank accounts, investors are displaying ample enthusiasm for domestic gaming equities. But they shouldn't sleep on Macau names, such as Las Vegas Sands (NYSE:LVS) and...
DraftKings Selling up to $1.15 Billion in Convertible Notes, Could Fund Deals
DraftKings (NASDAQ:DKNG) said Monday it's selling up to $1.15 billion worth of convertible debt. A portion of it could be used to fund acquisitions. The daily fantasy sports (DFS) provider and online sportsbook operator is offering $1 billion in convertible notes coming...
MGM Stock Extends Rally as Jefferies Issues ‘Buy’ Rating, Price Target Raised to $50
MGM Resorts International (NYSE:MGM) is extending its bull run Monday, after Jefferies analyst David Katz raised his rating on the stock to “buy” from “hold.” The Katz call comes after the Mandalay Bay operator jumped almost five percent last week, boosting its...
Flutter Mulls FanDuel Spin-Off as Investors Push for DraftKings Valuation
Flutter Entertainment (OTC:PDYPY) is considering spinning out its FanDuel business and listing a portion of that unit on a US exchange. The Irish gaming giant made remarks to that effect today after a report surfaced Friday. Some investors are pressing the company...
