4982 stories by Todd Shriber
FanDuel, Private Equity Backers Want Scottish Law Used in Suit, But Judge Unsure
FanDuel and private equity shops KKR and Shamrock Capital are asking New York Supreme Court Justice Andrea Masley to apply Scottish law in a suit brought by founders Nigel and Lesley Eccles and Thomas Griffiths. But the judge is indicating the defendants...
Caesars Says Bye-Bye to Belle of Baton Rouge, Property Reeg Once Wouldn’t Stay At
Caesars Entertainment (NASDAQ:CZR) continues divesting assets, with the company saying today it's selling the Belle of Baton Rouge riverboat casino to CQ Holding Company, also known by the Casino Queen brand. Financial terms of the deal weren't disclosed. Caesars owns the operating...
Caesars, Monarch Price Targets Hiked, Analyst Sees Investors Looking Past Coronavirus Headwinds
Caesars Entertainment (NASDAQ:CZR) and Monarch Casino & Resort (NASDAQ:MCRI) are among the gaming equities favored by Truist Securities analyst Barry Jonas. That's even as regional casinos encounter near-term hurdles because of a recent surge in coronavirus case counts. Over the course of...
Colorado Sports Wagering Handle, Tax Receipts Notch Records in October
For the sixth consecutive month, Colorado's sports betting handle hit all-time highs in October, and tax revenue finally went along for the ride. In the tenth month of 2020, the total amount wagered on sports online and at the Centennial State's retail...
DraftKings Is Royal Idea as Canada Embraces Conventional Sports Wagering
DraftKings (NASDAQ:DKNG) is a gaming equity for investors to consider, as Canadian policymakers mull legislation that will allow betting on individual sporting events, according to one analyst. On Monday, Credit Suisse analyst Benjamin Chaiken highlighted the stock as a play based on...
Cubs Owner Ricketts, DraftKings Investor Raine Group Starting SPAC Targeting Sports Deals
Chicago Cubs owner Tom Ricketts and venture capital firm Raine Group are creating a special purpose acquisition company (SPAC) that will focus on transactions across the sports universe, including betting opportunities. In an S-1 filing with the Securities and Exchange Commission (SEC),...
Score Media, Penn Among Potential Winners as Canada Moves Toward Single-Game Betting
On Thursday, Canada's Liberal Party introduced legislation that would end the country's ban on single-game sports wagers. That sparked rallies in some equities with exposure to the country's betting market. Currently, Canadian gamblers can wager on parlays authorized by provincial lotteries. But...
Londoner Macau Slated to Open February 2021
Sands China's Londoner Macau is nearing completion and is on pace to open in February, potentially positioning the venue to capitalize on rebounding traffic next year in the world's largest casino center. Wilfred Wong, president of Sands China, commented to local media...
Golden Nugget Online Wins New Jersey Approval for Landcadia SPAC Marriage
The New Jersey Casino Control Commission (CCC) Wednesday approved a license for Tilman Fertitta's Golden Nugget Online Gaming (GNOG). It's a move that will allow the internet casino operator to merge with a blank-check company and become a publicly traded entity. In...
Caesars Downgraded by Morgan Stanley, Bank Cites Near-Term COVID-19 Shutdown Risks
Shares of Caesars Entertainment (NASDAQ:CZR) are lower in midday trading after Morgan Stanley downgraded the largest domestic gaming company by number of venues. In a note to clients Wednesday, analyst Thomas Allen points out that a new batch of coronavirus-related restrictions applied...
