5138 stories by Todd Shriber
Sportradar Reportedly Close to $10 Billion Agreement with Horizon Acquisition II
Sportradar has reportedly reached a pact with special purpose acquisition company (SPAC) Horizon Acquisition Corp. II (NYSE: HZON). That paves the way for the sports betting data provider to go public at a $10 billion valuation. Rumors about a deal between the...
DraftKings Settles DFS Class Action Suit with Angry Players for Site Credits
DraftKings will pay $8 million to class action plaintiffs that asserted the company didn't accurately represent the difficulty of its daily fantasy sports (DFS) contests, among other claims. The settlement was reached last week. However, there's a big sticking point. The bulk...
Las Vegas Sands Draws Mixed Reviews from Ratings Agencies on Venetian Sale
On Wednesday, Las Vegas Sands (NYSE:LVS) announced the sale of the Venetian Resort and Sands Expo and Convention Center on the Strip for $6.25 billion, effectively eliminating, for now at least, its US portfolio. Private equity firm Apollo Global Management is acquiring...
Genius Sports, Rush Street Interactive Founders Start Another SPAC, Target Gaming
Niccolo de Masi and Harry You are again flexing their muscles in the special purpose acquisition company (SPAC) space. Today, they brought to market a fourth blank-check firm that could target gaming entities as merger partners. dMY Technology Group, Inc. IV (NYSE:DMYQU)...
Bally’s Makes Unsolicited $100M Offer for Allied Esports, World Poker Tour Sale Could Be Scrapped
Allied Esports Entertainment (NASDAQ:AESE) confirmed today it received a $100 million takeover offer from Bally's Corp. (NYSE:BALY). That means it would be forced to end a plan to sell a unit that owns the World Poker Tour (WPT) if the buyout bid...
Bally’s Scores Betting Deal with NBA, Second Pro League Partnership
Bally's Corp. (NYSE:BALY) continues solidifying its sports wagering footprint, announcing late Thursday that it's now the authorized sports betting operator of the NBA. Financial terms of the multi-year agreement weren't disclosed. Details of the pact are standard fare among gaming companies and...
Bally’s Bullish on 2021, Highlights Strong January, February Trends, Stock Slumps
Bally’s Corp. (NYSE:BALY) stock is joining the rest of the gaming space and the broader market to the downside Thursday. But the company is enthusiastic about its 2021 outlook. Earlier Thursday, the Rhode Island-based gaming company said it earned 61 cents a...
Golden Entertainment Surprise Winner in Venetian, Sands Convention Center Deal
Wednesday's news that Las Vegas Sands (NYSE:LVS) is selling the Venetian and Sands Expo and Convention Center for $6.25 billion is obviously a plus for that company. But that deal is potentially beneficial to other Sin City operators, including a surprising name...
Sands May Seek Crown Resorts, Restore Dividend with Venetian Cash, Say Researchers
Las Vegas Sands (NYSE:LVS) may consider an acquisition of beleaguered Crown Resorts with proceeds from the sale of Venetian Resort and Sands Expo and Convention Center, according to Bernstein analysts. The company said yesterday it's selling those assets to Apollo Global Management...
Las Vegas Sands Could Deploy Venetian Sale Cash in Variety of Ways, Say Analysts
Las Vegas Sands (NYSE:LVS) confirmed today it's selling the Venetian Resort and Sands Expo and Convention Center on the Strip for $6.25 billion. Analysts are now opining about what the gaming company will do with the influx of cash. The news ends...
