3977 stories by Todd Shriber
DraftKings, Genius Sports Seen as North Carolina Sports Betting Winners
To the delight of the sports wagering industry and some in the investment community, North Carolina’s General Assembly passed mobile sports betting legislation on Wednesday. Gov. Roy Cooper (D) will sign the bill into law, and it’s expected online sports betting will...
SciPlay Board Forms Committee to Evaluate Light & Wonder Takeover Bid
SciPlay (NASDAQ: SCPL) announced Thursday that its board of directors has formed a special committee to consider Light & Wonder’s (NASDAQ: LNW) recently revealed offer. The bid seeks to acquire the 17% of the social casino developer it doesn’t already own. Last...
Playtika Rallies on Rumored Interest of Private Equity Firms
Shares of mobile games developer Playtika (NASDAQ: PLTK) surged Thursday. That's following a report indicating at least two private equity firms are considering a takeover of the gaming company. Dealreporter reported Thursday that Advent International and CVC Capital Partners are kicking the...
IGT to Explore Alternatives for Global Gaming, PlayDigital Units, Shares Soar
International Game Technology (NYSE: IGT) was one of Thursday’s best-performing gaming equities after the slot machine manufacturer said it will explore strategic alternatives for its global gaming and PlayDigital units. Those options could include sales, mergers, or spin-offs of the businesses, or...
Golden Nugget Could Be Savior of Danville Pensions
Illinois is ground zero for the ticking time bomb that is this country's state-level public pension system. But Danville is hoping the new Golden Nugget will help the city avert a retirement plan crisis. A temporary version of the Golden Nugget Danville...
Kenny Alexander Led Group Takes Stake in 888 Holdings
FS Gaming Investments, an investment group led by former GVC CEO Kenny Alexander, revealed Tuesday it has taken a 6.57% stake in William Hill parent 888 Holdings. It’s the first move of note by Alexander since his surprise 2020 departure from GVC,...
MGM Stock Chart Signals Possible Near-Term Upside
Shares of MGM Resorts International (NYSE: MGM) are lower by 5% over the past month, but higher by the same amount over the past week. Technical analysis of the casino operator’s stock indicates more near-term upside could be afoot. While shares of...
Ailing Horses May Have Run at Churchill Downs, Says Analyst
While there’s no publicly revealed link between the recent 12 equine deaths at Churchill Downs, an analyst believes it’s possible some trainers allowed unhealthy horses to race at the Kentucky track. In a note to clients today, Truist Securities analyst Barry Jonas...
Light & Wonder on Track for $1.4B in EBITDA by 2025 Says CEO
Gaming device manufacturer Light & Wonder (NASDAQ: LNW) is on pace to reach its previously stated goal of generating earnings before interest, taxes, depreciation, and amortization (EBITDA) of $1.4 billion by 2025. CEO Matt Wilson made comments to that effect in a...
IGT Extends ‘Wheel of Fortune’ Licensing for 10 Years
International Game Technology (NYSE: IGT) announced Monday that it inked a 10-year agreement with Sony Pictures Television that secures licensing of the famed "Wheel of Fortune" brand across a variety of wagering platforms. Financial terms of the deal weren’t disclosed. The new...
