5082 stories by Todd Shriber
Fox Corp. Soars After Analyst Says Sports Betting Exposure Is Under-Appreciated
Shares of broadcaster Fox Corp. (NASDAQ:FOXA) surged Monday after MoffettNathanson analyst Michael Nathanson said financial markets are overlooking the company's increasing exposure to the burgeoning US sports betting industry. Nathanson reiterated a “buy” rating on the name while lifting his price target...
Asian American Entertainment $12 Billion Suit Against Las Vegas Sands Delayed Again
The Macau Judicial Court granted a motion filed by Las Vegas Sands (LVS) seeking to reschedule the trial date for Asian American Entertainment Corp.'s (AAEC) $12 billion suit against the US-based gaming giant. Citing “travel disruptions and other extraordinary circumstances” stemming from...
Wynn Resorts Doling out $14.5 Million in Stock to Retain Execs, Other High-Level Employees
Wynn Resorts (NASDAQ:WYNN) said the compensation committee of its board of directors signed off on issuing 176,247 shares of stock to retain 240 employees, including named executives through the end of this year and well into 2021. The Encore operator revealed the...
Hollywood Casino Baton Rouge Coming Ashore in 2022
Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) said Friday its Hollywood Casino in Baton Rouge, La. will shed its riverboat status and become a land-based venue in early 2022. The Louisiana Gaming and Control Board (LGCB) approved the move. In 2018, Pelican State...
Melco Resorts Still Keen on Japan IR Project Even as Rivals Bail
Melco Resorts & Entertainment (NASDAQ:MLCO) CEO Lawrence Ho reiterated his company's commitment to Japan on the operator's second-quarter earnings conference call Thursday. It's an affirmation that comes after some rivals ditched the Land of the Rising Sun. Ho's comments were made on...
GAN Pummeled as FanDuel Sportsbooks Wave Goodbye
Gaming technology provider GAN Ltd. (NASDAQ:GAN) was bludgeoned in Thursday's after-hours session, tumbling nearly 14 percent after the company said FanDuel sportsbooks will no longer be clients after Aug. 31. The announcement was made in concert with the UK-based company's second-quarter results....
Esports Entertainment Group Launches Higher on Twin River New Jersey Deal
Esports Entertainment Group, Inc. (NASDAQ:GMBL), a tiny online gaming and sports betting company vaulted higher Thursday after it entered into a multi-year agreement with Twin River Worldwide Holdings (NYSE:TRWH) to be that operator's sports wagering partner in New Jersey. Up more than...
IAC Chairman Barry Diller, CEO Joey Levin Join MGM Board of Directors
IAC/InterActiveCorp (NASDAQ:IAC) Chairman Barry Diller and CEO Joey Levin are taking two seats on the MGM board of directors, expanding that lineup from 12 to 14. The appointment stems from a $1 billion investment in MGM Resorts International (NYSE:MGM) announced on Aug....
GAN Reveals Penn Interactive as New Client, Stock Soars Again
GAN Ltd. (NASDAQ:GAN), the maker of cloud computing software for the gaming industry, is soaring again Thursday after the British company said Penn National Gaming's (NASDAQ:PENN) Penn Interactive unit is a new client. Penn's mychoice social casino app will be powered by...
Burry, Inspiration for ‘Big Short’, Adds to Wynn Resorts Investment
Scion Asset Management, the hedge fund run by Michael Burry, added to its investment in Wynn Resorts (NASDAQ:WYNN) during the second quarter. The investment vehicle, which had $315.2 million in assets under management as of June 30, revealed a significantly larger stake...
