5215 stories by Todd Shriber
William Hill Investors Approve Caesars $3.69 Billion Takeover Bid
Shareholders of British bookmaker William Hill (OTC:WIMHY) voted Thursday in favor of a takeover offer by Caesars Entertainment (NASDAQ:CZR). The approval comes less than two months after the proposal became public. The sportsbook operator's board endorsed the $3.69 billion all-cash offer in...
Bally’s Rips Higher on Deal-Making, Macquarie Says Growth Story Not Fully Appreciated
Shares of Bally's Corp. (NYSE:BALY) are up more than 20 percent in midday trading. The rally comes a day after the company announced a potentially transformative move into sports broadcasting. Thursday's surge in Bally's stock takes it to by far its highest...
Las Vegas Sands Entering Dow Jones Sustainability Index, Rare Achievement for any Gaming Company
Las Vegas Sands (NYSE:LVS) stock is accomplishing something that's a rarity in the gaming industry. It's being included in the Dow Jones Sustainability World Index. That's a benchmark where components are evaluated on the basis of long-term economic, environmental, and social criteria....
Bally’s Brand Heading to Sinclair Sports Networks, Gaming Company Buying Bet.Works for $125 Million
In another sign of rejuvenation for the Bally's brand, the gaming company will reportedly attach its name to 21 regional sports networks (RSNs) owned by Sinclair Broadcast Group. That marks perhaps the boldest tie-up to date between a casino operator and a...
GAN Buying Coolbet for $175 Million, Adds Online Sportsbook Platform
Gaming technology provider GAN Ltd. (NASDAQ:GAN) is bolstering its business-to-business (B2B) offerings. The company says it will acquire Vincent Group Plc, also known as Coolbet, for $175 million in cash and equity. UK-based GAN said the transaction will be funded with $95...
DraftKings Jumps as Loop Capital Reveals $100 Target, Highest on Wall Street
DraftKings (NASDAQ:DKNG) is off to a strong start Tuesday. Loop Capital initiated coverage of the daily fantasy sports (DFS) and sportsbook operator with a “buy” rating and $100 price forecast. Since going public in late April, DraftKings frequently garners praise from the...
Druckenmiller Dumps DraftKings, Boosts Penn National Stake
Stanley Druckenmiller's Duquesne Family Office was active with gaming equities in the third quarter. That includes a sizable addition to a previously existing position in Penn National Gaming (NASDAQ: PENN). During the July through September time frame, the investment vehicle, which has...
Macau Stocks Rally as Moderna Says COVID-19 Vaccine Has 94.5 Percent Efficacy Rate
Gaming operators with exposure to Macau are among the best-performing industry names Monday. That's after biotechnology company Moderna, Inc. (NASDAQ:MRNA) revealed encouraging late-stage trial results for its coronavirus vaccine. In midday trading, most US-based casino operators are trading even as COVID-19 case...
DraftKings Sailing Rising Tide, Has Multiple Advantages, Says Needham Analyst
Despite recent struggles, DraftKings (NASDAQ:DKNG) stock remains a Wall Street favorite. That sentiment is on display Monday, as Needham analyst Brad Erickson voiced enthusiasm for the name. In a note to clients, Erickson reiterates a “buy” rating and a $70 price target...
Genting Joins Rivals with Japan Jitters
Genting Singapore has long been one of the major gaming companies pursuing an integrated resort license in Japan. But the operator is appearing less devoted to the Land of the Rising Sun than it was in previous months. In reporting third-quarter results...
