4982 stories by Todd Shriber
Fox Ups Flutter Bet as FanDuel Parent Sells $1 Billion of New Equity
Fox Corp. (NASDAQ:FOXA) is boosting its stake in Betfair and Padd.yPower parent Flutter Entertainment. The world's largest online gaming company said earlier this week it's selling $1 billion worth of equity in a secondary offering. Flutter, which also owns FanDuel, among other...
Penn National Scores Price Target Hike, Analyst Gushes Over Barstool, iGaming
On a mostly lethargic day for gaming equities, shares of Penn National Gaming (NASDAQ:PENN) are standing out, thanks to a sell-side analyst boosting his price target on the stock in dramatic fashion, citing catalysts including Barstool Sports and online casinos. In a...
New Jersey Regulators Won’t Discuss Eldorado/Caesars Deal at June Meeting
The long-awaited discussion of Eldorado Resorts' (NASDAQ:ERI) $17.3 billion takeover of Caesars Entertainment (NASDAQ:CZR) by New Jersey regulators is being pushed back, potentially delaying efforts to wrap up the deal in June. The New Jersey Casino Control Commission (CCC) is scheduled to...
MGM China Dashes for Cash, Lands $503 Million Bank Credit Line
Looking to shore up its balance sheet as Macau visits and revenue remain in the dumps, MGM China said it gained access to a new $503 million credit facility. The operator of the MGM Cotai and MGM Macau said it's initially drawing...
DraftKings Deal With Sportradar Allows Bettors to Stream Bundesliga, Korean Baseball
DraftKings (NASDAQ:DKNG) is looking to capitalize on the dearth of domestic athletic competitions while positioning for the return of a fuller sports calendar. In an agreement announced today with Sportradar, they now can offer bettors access to streaming of some international leagues....
GAN Stock Explodes Higher on Pennsylvania iGaming Deal With Cordish
Shares of gaming software maker GAN Ltd. (NASDAQ:GAN) are soaring Thursday after the company said it inked a deal with Cordish Companies to provide iGaming services tied to two Pennsylvania casinos. Up more than 16 percent at this writing Thursday, GAN stock...
Boyd Gaming Reopening Another 13 Casinos in Early June, Including Nine Las Vegas Venues
Boyd Gaming's efforts to reopen its gaming venues are taking a big step in the right direction, with the Orleans owner saying it plans to restart business at 13 of its casinos, including nine in Las Vegas, from June 1 through June...
Full House Rallies as Silver Slipper Reopening Surpasses Expectations
Shares of Full House Resorts (NASDAQ:FLL) participated in a modest rally for the gaming space Wednesday. The rally extended a better than 13 percent gain over the past week after the company said its Mississippi reopening topped expectations. Last week, the operator...
Golden Gate, Circa Sports Owner Stevens Buys 1,000 Vegas Plane Tickets, Ballasts Sin City Reopening
With Nevada gaming properties targeting a June 4 reopening, some operators are stepping up in a bid to lure tourists back to Las Vegas. Derek Stevens, the owner of Circa Sports, the D Las Vegas, and the Golden Gate Hotel & Casino,...
Eldorado Resorts Rally Delivers Big Jackpots to Options Traders
With Eldorado Resorts (NASDAQ:ERI) stock in the midst of a stunning reversal off its March lows, the real jackpot winners are options traders, not gamblers visiting the company's casinos. Options market data indicates some traders were prescient enough to bet on the...
