5138 stories by Todd Shriber
Fox Will Up FanDuel Stake as Flutter Forecasts Sizable US Growth
Rupert Murdoch's Fox Corp. (NASDAQ:FOXA) will reportedly increase its position in Flutter Entertainment's (OTC:PDYPY) FanDuel unit by as much as 20 percent this year. That's as the Irish gaming company expects impressive growth for the sports wagering brand in the US. The...
DraftKings Probes New Highs on Deal with DISH Network
DraftKings (NASDAQ:DKNG) stock is hitting new highs Wednesday. That's after the company announced an agreement with DISH Network (NASDAQ:DISH) to bring daily fantasy sports (DFS) and sportsbook offerings to customers of the satellite television provider. As part of the accord, the DraftKings...
Sportradar Nearing Deal with Horizon Acquisition II, SPAC Advised by DraftKings CEO Robbins
Sports betting data provider Sportradar is reportedly in discussions to go public through a transaction with special purpose acquisition company (SPAC) Horizon Acquisition Corp. II (NYSE: HZON). Bloomberg initially reported the news earlier this evening, citing unidentified sources familiar with the matter....
Crown Resorts Hit with Negative Outlook by Moody’s as Regulatory Scrutiny Mounts
The outlook on Crown Resorts' credit rating has been revised lower to “negative” by Moody's Investors Service, as the Australian gaming company faces increasing regulatory pressure in its home country. The ratings agency issued the new outlook on Monday. This is the...
ARK Invest Continues Piling into DraftKings, Skillz
Cathie Wood’s ARK Investment Management continues adding to positions in DraftKings (NASDAQ:DKNG) and Skillz (NYSE:SKLZ). The New York-based asset manager, known for establishing stakes in disruptive, emerging growth companies, purchased 173,800 shares of DraftKings stock on Monday as the name surged to...
David Portnoy Serving as Face of New Fund That Holds Penn National Shares
David Portnoy, the ubiquitous founder of Barstool Sports, is the celebrity endorser of an upcoming exchange traded fund (ETF) employing social media sentiment to construct a portfolio of stocks. In a video posted to Twitter today, Portnoy confirms he's involved with the...
Score Media Shares Rally on Speculation of DraftKings Takeover
Just a few days into life as a company listed on a major US exchange, Score Media & Gaming (NASDAQ:SCR) is a subject of takeover rumors that are sending shares of the Canadian company soaring today. In late trading, shares of the...
Melco Resorts Still Interested in Japan, But Ho Isn’t Married to Yokohama
Melco Resorts & Entertainment continues expressing interest in developing an integrated resort in Japan. But Chairman and CEO Lawrence Ho appears non-committal regarding Yokohama. On the company's fourth-quarter earnings conference call last week, Ho discussed his company's Japan ambitions. But he steered...
DraftKings Stock Notches Record as at Least Eight Analysts Raise Price Targets
DraftKings (NASDAQ:DKNG) stock is traversing new highs today amid a slew of bullish commentary from Wall Street analysts. Shares of the daily fantasy sports (DFS) provider and online sportsbook operator are higher by more than 10 percent in early trading. That's after...
Caesars Talks Rumored On Betway Sports Betting Market Access Deal
As it closes in on its $3.69 billion takeover of William Hill, Caesars Entertainment (NASDAQ:CZR) is reportedly looking to further leverage its fast-growing sports wagering business. Fresh off a deal with Sportsbetting.com announced last week, the Harrah's operator may be chatting with...
