5316 stories by Todd Shriber
William Hill Enters Colombia with Alfabet Purchase
Sportsbook operator William Hill (OTC:WIMHY) is broadening its horizons in Latin America by purchasing a majority position in Colombian gaming firm Alfabet S.A.S. Financial terms of the deal weren't disclosed, nor was the size of the British bookmaker's stake in the South...
Caesars, Wynn Resorts Among Barron’s Picks for 2021 Travel Rebound
The travel and leisure industry was bludgeoned by the coronavirus pandemic this year. But some of the related equities are in the midst of multi-month rallies, with gaming stocks leading the way. Some market observers are wagering gaming stocks, which are already...
DraftKings, Skillz SPAC Founders Planning $1.5 Billion IPO for Spinning Eagle Acquisition
Jeff Sagansky, the Hollywood executive behind two of this year's biggest blank-check deals in the gaming industry, revealed plans for another special purpose acquisition company (SPAC) initial public offering (IPO). In a Form S-1 filing with the Securities and Exchange Commission (SEC)...
Kapolei Casino Proposal Narrowly Wins Hawaiian Homes Commission Approval
An effort by the Department of Hawaiian Home Lands (DHHL) to bring an integrated resort to the city of Kapolei on the island of Oahu scored its first victory Tuesday. It eked out a win before the Hawaiian Homes Commission (HHC). By...
Bally’s Finalizes Eldorado Shreveport Buy from Caesars, Expands Reach to Seven States
Bally's (NYSE:BALY) put the finishing touches on its $140 million purchase of the Eldorado Resort Casino Shreveport from Caesars Entertainment (NASDAQ:CZR), funding the Louisiana deal with cash on hand and capital from a credit revolver. That venue is one the company previously...
Accel Entertainment Slapped with $5 Million Illinois Fine Stemming from DraftKings Deal
The Illinois Gaming Board (IGB) is penalizing video gaming terminal (VGT) distributor Accel Entertainment (NYSE:ACEL) to the tune of $5 million. The penalty relates to an agreement the company inked with DraftKings (NASDAQ:DKNG) in September. Under the terms of that accord, Accel's...
Moody’s Views Casino Gaming Among Strongest Leisure Industries Heading Into 2021
The travel and leisure industry is ready to put 2020 behind it, and Moody's Investors Service sees gaming as one of the segments most likely to firm up next year. Citing reopenings that commenced in the second quarter, the research firm says...
Landcadia Amends Voting Requirement to Seal Golden Nugget Online Deal
Landcadia Holdings II, Inc. (NASDAQ:LCA) is taking steps to ensure it's able to finalize its merger with Golden Nugget Online Gaming (GNOG). It is amending the purchase agreement to shorten the odds the transaction passes at an upcoming shareholder meeting. Last week,...
Caesars, DraftKings Inch Closer to Nasdaq-100 Index Inclusion
Caesars Entertainment (NASDAQ:CZR), DraftKings (NASDAQ:DKNG), and some other gaming stocks are on the way to potentially joining the Nasdaq-100 Index (NDX), one of the world's most widely followed equity benchmarks. Last week, the Nasdaq Next Generation 100 Index, which serves as the...
Hawaii Casino Resistance Immediately Builds After DHHL Floats Idea
Just days after the Department of Hawaiian Homelands (DHHL) floated the idea of a casino in the city of Kapolei, some state politicians are calling the plan a bad idea. Facing a strained cash situation owing to the coronavirus pandemic, DHHL is...
