5082 stories by Todd Shriber
Soaring Eagle, SPAC Led by Founders of DraftKings, Skillz Blank-Check Firms, Takes Flight
Soaring Eagle Acquisition Corp. (NASDAQ:SRNGU), the seventh blank-check company led by Eagle Equity Partners’ Harry Sloan, Jeff Sagansky, and Eli Baker, began trading today. It's possible the newly-minted firm could pursue a transaction with a gaming entity. The trio of dealmakers have...
Murren Back in SPAC Lab, Files Plans for Acies Acquisition II
Fresh off success with his first special purpose acquisition company (SPAC), former MGM Resorts International Chairman and CEO Jim Murren is lining up a second blank-check firm. A Feb. 23 S-1 filing with the Securities and Exchange Commission (SEC) reveals plans for...
New Texas Legislation Would Grant Sportsbook Licenses to Pro Teams
Texas state Rep. Dan Huberty (R-Houston) is proposing sports betting legislation that would allow the state's professional franchises to act as sportsboook operators. There are other moving parts. Huberty is seeking to put the issue of sports betting before voters in November....
MGM Stock Pops as Analyst Forecasts Benefits from Nevada Capacity Increase
Domestic gaming equities are scuffling Tuesday, but MGM Resorts International (NYSE:MGM) is soaring. That's on the back of an analyst upgrade and upward price target revision. In a note to clients today, Argus analyst John Staszak boosted his rating on MGM stock...
Las Vegas Sands, Wynn Surge as Macau Ends China Travel Quarantine Policy
The broader universe of US-listed gaming equities is struggling Tuesday. But those with Macau exposure are standing out, after the special administrative region (SAR) halted its coronavirus quarantine policy applicable to travelers arriving from mainland China. During Asia's Tuesday trading session, Sands...
theScore Graduates to Nasdaq, Announces 5 Million-Share US IPO
Canadian sportsbook operator and sports media company Score Media & Gaming is commencing a US initial public offering (IPO). The move sets the stage for the firm to move its equity to the Nasdaq Global Select Market. The news comes barely more...
DraftKings Stock Earns Pre-Earnings Price Target Hike from Bank of America
DraftKings (NASDAQ:DKNG) is getting a lift Monday after Bank of America analyst Shaun Kelley said he expects the gaming company to top revenue estimates when it reports fourth-quarter and full-year results on Friday. Last August, the online sportsbook operator forecast 2020 pro...
Las Vegas Sands, MGM, Wynn Highlighted by Wells Fargo as COVID-19 Rebound Plays
Several well-known gaming companies are among the consumer discretionary names favored by Wells Fargo, as the bank upgrades the sector, citing an unusual consumer strength. In a note out today, the bank lifts the consumer cyclical sector to “overweight” from “neutral,” noting...
Penn National Gaming Lands New York Access in Deal with Rivers Casino
Penn National Gaming's (NASDAQ:PENN) Penn Interactive unit is gaining access to the crucial New York mobile sports betting and internet casino market via a “second skin” agreement with Rivers Casino & Resort. The deal hinges on the state approving mobile sports wagering,...
Sportradar Eyeing $10 Billion Valuation in IPO or SPAC Deal
Sportradar is inching closer to going public and is reportedly in talks with various special purpose acquisition companies (SPAC). Those negotiations could value the sports betting data provider at $10 billion or more. The company is also mulling a traditional initial public...
