4024 stories by Todd Shriber
Eminence Capital Chides Entain on Share Sale, Warns MGM Could Pounce
Eminence Capital -- one of the largest Entain Plc (OTC: GMVHY) investors -- decried the gaming company’s recent share sale to fund an acquisition, noting the sportsbook operator had other avenues to raise cash, and could be inviting a takeover at an...
Fanatics IPO Could Be Near Following Conclusion of Another Investor Day
Earlier this week, Fanatics wrapped up a second investor day, stoking speculation that the apparel giant and new sportsbook operator could be readying an initial public offering (IPO). Michael Rubin’s Florida-based company reportedly held an investor meeting at the NBA Players Association's...
DraftKings Bids $195M for PointsBet US Biz, Tops Fanatics Offer by 30%
DraftKings (NASDAQ: DKNG) on Friday unveiled a $195 million all-cash offer for PointsBet’s (OTC: PBTHF) US unit, topping a $150 million bid submitted by Fanatics a month ago. In terms of percentage, the DraftKings proposal bests the Fanatics offer sheet by 30%....
Churchill Downs Stock Could Wring Benefits from Richmond Casino
Churchill Downs' (NASDAQ: CHDN) stock could get a decent boost should the operator prove successful in its effort to bring a casino hotel to the Virginia capitol of Richmond. Churchill and partner Urban One are angling for a second referendum on the...
IGT Asset Sales Could Draw Interest from European Suitors
Last week, International Game Technology (NYSE: IGT) announced it is considering strategic alternatives for its digital content and global gaming businesses as the company shifts its focus to its high-margin lottery unit. IGT’s slot machine business, which is one of the three...
BetMGM, Cincinnati Reds Plan to Move Flailing Sportsbook
BetMGM and the Cincinnati Reds are planning to shift the location of what is currently the worst-performing brick-and-mortar sportsbook in Ohio. The book is currently located at the Machine Room at Great American Ball Park. But unidentified sources with knowledge of the...
Sportsbook Operators Struggle to Attract Women, Gen Z Clients
It’s been more than five years since the Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA), paving the way for sports wagering to reach a broader audience in the US. Data indicates that it’s the usual suspects that...
Macau Casino Stocks Could Benefit from China Stimulus Plans
They’re trading modestly higher on Tuesday, but Macau casino stocks could be in for more upside as China mulls monetary stimulus to prop up its sagging economy. Signs of that commitment arrived earlier today when the Peoples Bank of China (PBOC) cut...
Antar Amends BetMGM Complaint, Says Company Preyed on Him
In a new filing in the United States District Court for the District of New Jersey, counsel for Sam Antar amended his lawsuit against BetMGM while reiterating the claims that the operator preyed on his wagering habit, plying him with financial incentives...
888 Activists Propose New Management Team with Kenny Alexander as CEO
FS Gaming Investments, the group that last week revealed a 6.57% stake in 888 Holdings, is putting forth a new management slate. That includes former GVC CEO Kenny Alexander for the same role at the embattled William Hill parent. Reportedly, the Alexander-backed...
