5082 stories by Todd Shriber
Caesars, William Hill Acknowledge Takeover Discussions Valuing Bookmaker Near $3.7 Billion
Caesars Entertainment (NASDAQ:CZR) and William Hill (OTC:WIMHY) are reportedly confirming advanced negotiations regarding a takeover of the British sportsbook operator, valuing the company at $3.69 billion. The Caesars Palace operator is reportedly making a cash offer of 272 pence a share for...
DraftKings Enthusiasm Grows, Another Analyst Forecasts $65
DraftKings' (NASDAQ:DKNG) growth prospects continue luring bullish commentary on Wall Street, with Argus Research analyst John Eade joining the party with a positive view on the sportsbook operator. That's even though he acknowledges a lengthy road to profitability for the company. Eade...
Tekkorp Digital Joining Gaming SPAC Party, Eyes $300 Million IPO
Tekkorp Digital Acquisition is adding to the already brisk pace of special purpose acquisition companies (SPACs) with ties to the gaming industry looking to go public this year. It has revealed in a filing with the Securities and Exchange Commission (SEC) that...
Trip.com Aiding Macau Recovery, Doling out $22 Million in Travel Vouchers
Trip.com (NASDAQ:TCOM), the Chinese online travel reservations provider, is doing its part to help Macau's tourism-dependent economy rebound. They are offering $22 million worth of discounts to residents of mainland China to use when booking accommodations in the special administrative region (SAR)....
William Hill Confirms Receiving Apollo, Caesars Takeover Overtures
Shares of William Hill (OTC:WIMHY) are higher by 40 percent in midday trading Friday. That's after the sportsbook operator confirmed private equity firm Apollo Global Management (NYSE:APO) and Caesars Entertainment (NASDAQ:CZR) each approached the UK-based company about a potential takeover. That comes...
Las Vegas Sands Lender Relaxes Covenant Requirement, But There’s Dividend Dilemma
Las Vegas Sands (NYSE:LVS) has reached an agreement with a creditor on looser covenant requirements. But that extra breathing room could weigh on the gaming company's efforts to restore its dividend. In a filing with the Securities and Exchange Commission (SEC), the...
DraftKings Could Use Amazon, Netflix Playbook to Garner Dominant Market Share, Says Analyst
DraftKings (NASDAQ:DKNG) could use templates set forth by other well-known growth companies in their early stages as it moves to garner top-two positioning in the burgeoning iGaming and sports betting markets, according to an analyst that initiated coverage of the stock today....
Penn National Capitalizing on Hot Stock with Secondary Offering, Investors Balk
Penn National Gaming (NASDAQ:PENN) slumped Thursday after the company said it's selling 14 million shares of equity. It's a move that will raise capital, but also dilute current investors. On the news, the stock is lower by more than three percent in...
Colorado Sports Betting Continues Hot Streak, August Handle More Than Doubles
August was just the fourth month in which sports wagering was live and legal in Colorado. But the Centennial State is showing it's a force to be reckoned with in the West, as its total handle for the eighth month of the...
DraftKings, Penn National Chasten Bearish Traders
Broadly speaking, gaming equities are profitable for short sellers this year, owing in large part to first-quarter slumps prompted by the coronavirus pandemic. But DraftKings (NASDAQ:DKNG) and Penn National Gaming (NASDAQ:PENN) are among the names making life uncomfortable for bearish traders. Short...
