5213 stories by Todd Shriber
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...
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...
