4982 stories by Todd Shriber
Adelson Family Unlikely to Unload Las Vegas Sands Stock in Bulk Following Sheldon’s Death
Former Las Vegas Sands (NYSE:LVS) Chairman and CEO Sheldon Adelson died today of treatment complications for non-Hodkinson’s lymphoma. News of his death is having a negligible impact on LVS stock. After dropping this morning on the first reports of Adelson's passing, the...
Bally’s Acquisitions, iGaming Moves Make for Catalyst-Rich Story, Says Analyst
Bally's Corp. (NYSE:BALY) morphed from a nearly anonymous regional gaming outfit thanks to an aggressive deal-making last year, making it one of the fastest-growing companies in the space. Wall Street is betting that trend will continue in 2021. In midday trading Tuesday,...
fuboTV, Eyeing Sportsbook Launch, Acquires Vigtory
Shares of online streaming service fuboTV (NYSE:FUBO) are soaring Tuesday after the company said it's purchasing sports wagering firm Vigtory. The move is expected to aid the buyer's effort to launch a web-based sportsbook at some point this year. Terms of the...
Penn National Gaming Tops $100, Market Cap Bigger Than MGM
Boosted by speculation on the fate of online sports betting in New York and a strong weekend handle on NFL games, Penn National Gaming (NASDAQ: PENN) surged seven percent Monday on volume that was more than 50 percent above the daily average....
Flutter, not DraftKings, Is Preferred Sports Wagering Equity Bet, Says Fund Manager
In the US online sports betting arena, Flutter Entertainment Plc's (OTC:PDYPY) FanDuel unit and DraftKings (NASDAQ:DKNG) control approximately 63 percent of the market. But one fund manager prefers FanDuel over DraftKings. Because of the daily fantasy sports (DFS) boom several years ago,...
Macau Casino Equities Ready for Second Half Rebound, Says Morgan Stanley
Shares of Macau gaming operators could endure lethargic starts to 2021 before a catalyst-rich rebound materializes in the second half of the year, according to Morgan Stanley. New capacity, increased domestic travel, and momentum for license renewal are among the factors that...
Las Vegas Sands Eyes Sports Wagering Entry
Las Vegas Sands (NYSE:LVS) is reportedly mulling getting into the booming sports wagering business. That potentially marks a move into online gaming, an area Chairman Sheldon Adelson has long voiced opposition against. Earlier Friday, Bloomberg reported Sands acting CEO Rob Goldstein is...
IAC Supportive of MGM Entain Bid, Could Double Investment in Gaming Company
Barry Diller's IAC/InterActiveCorp (NASDAQ:IAC) is voicing support for MGM Resorts International's (NYSE:MGM) takeover bid for Entain Plc (OTC:GMVHY). It's possible the internet company could pony up some capital for an increased offer. Earlier this week, the Las Vegas-based casino operator bid $11.06...
Snow Lake Founder Ma Says MGM Letter Prompted by Breakdown in Board Discussions
Snow Lake Capital founder Sean Ma said the letter he sent earlier this week to the board of MGM Resorts International (NYSE:MGM) urging the gaming company to sell 20 percent of its equity in MGM China Holdings (OTC:MCHVF) came about after failed...
Playtika Plans $1.6 Billion IPO Valuing Itself at up to $9.4 Billion
Playtika, the Israeli mobile gaming company, updated a Form S-1 filing with the Securities and Exchange Commission (SEC) today. The filing said it plans to sell $1.6 billion worth of equity in a US initial public offering (IPO) valuing the firm at...
