5214 stories by Todd Shriber
IGT Selling Italian Gaming Device, Sports Betting Units to Apollo Unit for $1.15 Billion
International Game Technology (NYSE:IGT) is selling its Italian digital gaming, gaming machine, and sports wagering operations to Gamenet Group S.p.A for $1.15 billion. Gamenet is a group of affiliated funds run by private equity giant Apollo Global Management. Selling the businesses known...
FanDuel Spin-Off Talk Gains Steam Following Flutter Buyout of Fastball Stake
Last week, Flutter Entertainment Plc (OTC:PDYPY) said it's paying $4.175 billion to buyout Fastball's 37.2 percent interest in FanDuel. That boosts the Irish gaming company's stake in the daily fantasy sports giant to 95 percent. The move is stoking chatter of a...
Las Vegas Sands Remains Preferred Idea for Macau Recovery
Macau visitation trends are perking up and data confirms gross gaming revenue (GGR) is improving following a lengthy, coronavirus-induced slide for much of this year. That's prompting some analysts to reiterate bullish views on Las Vegas Sands (NYSE:LVS). Shares of the largest...
Flutter US Growth Plans Won’t Hinder Credit Rating
Flutter Entertainment Plc (OTC:PDYPY) made waves in the sports betting universe on Dec. 3, saying it's paying $4.175 billion to Fastball Holdings LLC to purchase 37.2 percent of FanDuel. It's a move that ups the Irish company's stake in the US sportsbook...
California Card Rooms Notch Legal Victory as Ninth Circuit Court Rejects Tribes Injunction Bid
On Thursday, the US Court for the Ninth Circuit ruled that California tribal gaming companies cannot force their card room rivals to cease offering table games, such as blackjack. In an unpublished opinion, District Judge John Menendez balked at the efforts of...
Japan Won’t Tax Casino Winnings of Foreign Gamblers, Says Amari
When integrated resorts eventually open in Japan, the country won't tax winnings accrued by foreign gamblers, says Akira Amari, head of the Liberal Democratic Party's (LDP) Research Commission on the Tax System. Amari made the comments during a recent press briefing, noting...
Everi Exudes Share Price Excellence on WinStar CashClub Deal, Analyst Lifts Target
Shares of Everi Holdings (NYSE:EVRI) are soaring Thursday. That's after the company said it will provide its CashClub Wallet cashless gaming solution to WinStar World Casino and Resort in Oklahoma, one of the world's largest gaming properties. News of the accord with...
Flutter Increases FanDuel Stake to 95 Percent in $4.17 Billion Transaction
Flutter Entertainment Plc (OTC:PDYPY) is shelling out $4.175 billion to acquire 37.2 percent of FanDuel controlled by Fastball Holdings LLC. The transaction will increase the Irish gaming company's stake in the sportsbook operator to 95 percent from 57.8 percent. Flutter is the...
Save the Date: Landcadia Investors Vote on Golden Nugget Online Deal Dec. 18
It's been a long road. But investors in Landcadia Holdings II, Inc. (NASDAQ:LCA), a special purpose acquisition company (SPAC) co-owned by Tilman Fertitta and investment bank Jefferies, will finally get a chance to vote on a proposed merger with Fertitta's Golden Nugget...
MGM Hauls In $700 Million Following Second Redemption of MGP Units
MGM Resorts International (NYSE:MGM) raised $700 million in the second sale of units in gaming real estate investment trust (REIT) MGM Growth Properties (NYSE:MGP). The Mandalay Bay operator made the announcement after the close of US markets Wednesday, noting it plans to...
