5138 stories by Todd Shriber
Hong Kong Chief Executive Carrie Lam Wants Travel Restart with Macau
Hong Kong is angling to resume travel with Macau and mainland China, with leaders from the special administrative region (SAR) saying the time is appropriate to do so as coronavirus case counts there continue declining. Chief Executive Carrie Lam said a third...
Penn National Forecasts Q3 EBITDAR Above Estimates, Notes Boffo Bartsool Results
Penn National Gaming (NASDAQ:PENN) told investors late Tuesday third-quarter earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) and revenue will easily top estimates. The company highlighted another strong week of performance by the recently launched Barstool Sportsbook app....
GAN Backend Boost Makes it Top Online Gaming Idea, Says Analyst
Bolstered by soaring demand for gaming services and technology, GAN Ltd. (NASDAQ:GAN) could be a winning idea for investors as the US online casinos and sports betting industries expand, according to a Wall Street analyst. In a recent note to clients, Macquarie...
Penn National, Other Sports Betting Equities Slide After NFL Reveals Titans Coronavirus Cases
Penn National Gaming (NASDAQ:PENN) and other equities with sports betting exposure retreated Tuesday. That's after the NFL confirmed three Tennessee Titans players and five members of the team's personnel department tested positive for COVID-19. The team, along with its opponent from last...
BetMGM Overshadowed Sports Betting Player. Analyst Says It Shouldn’t Be.
BetMGM, the sports betting venture of MGM Resorts International (NYSE:MGM) and GVC Holdings Plc (OTC:GMVHF), enjoys the benefit of one of the gaming industry's most recognizable brands. But it's often overlooked relative to other online sports wagering rivals. UBS analyst Robin Farley...
Caesars Warns William Hill on Accepting Apollo Bid, Says $3.7 Billion Offer is Adequate
Caesars Entertainment (NASDAQ:CZR) is playing hardball with William Hill (OTC:WIMHY), telling the sportsbook operator that its $3.69 billion takeover offer is sufficient. Caesars says if the UK-based company opts to be acquired by Apollo Global Management (NYSE:APO), the gaming company's US relationship...
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)....
