4509 stories by Todd Shriber
Play Synergy to Acquire Aruze Gaming Slot Machine Business
Empire Technological Group, which does business as Play Synergy, announced Monday that it's acquiring the U.S. slot machine operations of Aruze Gaming. In February, Aruze filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the State of Nevada. Last...
Marriott, MGM Loyalty Members Could Love New Licensing Agreement
Hotel giant Marriott International and MGM Resorts International on Monday unveiled the MGM Collection with Marriott Bonvoy. That long-term strategic licensing agreement covers MGM’s 17 domestic properties, including those on the Las Vegas Strip and the brand's regional casino hotels. Starting in...
Entain Extends Buying Binge with $266M Purchase of Angstrom Sports
Entain Plc (OTC: GMVHY) continued its acquisitive ways, announcing Monday it's purchasing sports analytics provider Angstrom Sports for $266 million in cash. The Ladbrokes owner will pay $106 million upfront and $159.71 million in contingent payments over three years. The transaction is...
Women Are Betting More…On Women’s Sports
Data confirm that in Europe, women are increasingly participating in sports wagering, and when they do so, they’re betting on women’s athletic competitions. That according to a recently published study by German Sports University Cologne. The “Breaking Barriers: Assessing Women’s Sports, Betting,...
Las Vegas Sands Called Top Casino Stock Idea by Morgan Stanley
Shares of Las Vegas Sands (NYSE: LVS) are already up 26.77% year-to-date, underscoring surprising congruence with the Macau rebound. Some analysts believe the stock is primed for more upside. In a new report to clients, Morgan Stanley analyst Stephen Grambling called Sands...
Aruze Gaming to Shutter Las Vegas Office, Cut 100 Jobs
Aruze Gaming, a manufacturer of electronic gaming devices for casinos, will shutter its Las Vegas headquarters in August, eliminating 100 jobs in the process. The company filed a notice with the Nevada Department of Employment, Training and Rehabilitation, noting those changes will...
888 Tumbles as Regulators Scrutinize Alexander Investment
Shares of 888 Holdings Plc (OTC: EIHDF) plunged Friday after the gaming company warned its UK license could be on the line as regulators there examine an investment in the firm by a vehicle controlled by Kenny Alexander. Last month, FS Gaming...
DraftKings Sponsoring Two Cars in NASCAR New Hampshire Race
DraftKings is making its NASCAR sponsorship debut in a big way, as the gaming company will be the official sponsor of not one, but two cars participating in Sunday’s Crayon 301 Cup Series race at New Hampshire Motorspeedway (NHMS). By way of...
Light & Wonder Bringing ‘Willy Wonka,’ Other Warner Bros. Classics to Online Slots
Slot machine behemoth Light & Wonder has announced an expanded agreement with Warner Bros. The goal is to bring more of the entertainment company's hit movies to the gaming firm’s portfolio of online slots. Las Vegas-based Light & Wonder will work with...
Melco, MGM, Wynn Among Upgraded Macau Stocks
The Macau recovery is one of the obvious themes underpinning strength in casino stocks this year. Some analysts believe there’s more upside to come for U.S. and Hong Kong-listed concessionaries alike. In a new report to clients, CBRE Research analyst John DeCree...
