4264 stories by Todd Shriber
AGS Confirms Receipt of Takeover Offer, Ongoing Talks
Slot machine maker AGS (NYSE:AGS) confirmed it received a $10 a share takeover offer, which explains the stock’s 25.25% jump today, adding the bid wasn’t accepted. In a Form 8-K filing with the Securities and Exchange Commission (SEC), AGS doesn’t identify from...
Las Vegas Gaming Revenue Poised to Slump in 2023, Says Fitch
Led by Las Vegas, the US casino industry is on a record-shattering pace of revenue generation this year. But Sin City gaming revenue could retreat in 2023. Citing the possibility of a broader economic retrenchment, Fitch Ratings says Sin City gaming revenue...
AGS Soars on Reported Inspired Entertainment Takeover Bid
Device manufacturer AGS (NYSE:AGS) was easily one of Friday’s top-performing gaming stocks, surging 25.25% on volume that was about eight times the daily average. That came on reports Inspired Entertainment (NASDAQ:INSE) is moving to acquire the Las Vegas-based slot machine maker. Unidentified...
FuboTV Soars on Renewed Takeover Chatter
Shares of FuboTV (NYSE:FUBO) surged 15% Thursday on volume that was more than double the daily average. The spike came amid renewed speculation the streaming entertainment company is a potential takeover target. An article published earlier today by SportsHandle suggests fuboTV could...
Meister’s Corvex Lifts Kindred Stake to 15%
Keith Meister’s Corvex Management has boosted its investment in Kindred Group. It could be the latest indication the hedge fund wants the Swedish gaming company to put itself up for sale, and do so soon. Meister’s investment firm now owns 15% of...
Fox CEO Lachlan Murdoch Sees ‘Clarity’ Coming in FanDuel Arbitration
Fox Corp. (NASDAQ:FOX) CEO Lachlan Murdoch believes resolution to the media company’s long-running arbitration against FanDuel parent Flutter Entertainment (OTC:PDYPY) could emerge in the coming months. He made remarks about the company’s second-quarter earnings conference call with analysts on Wednesday. As regards...
Disney CEO Chapek Says Sports Betting Announcement in the Works
One of the most burning questions in the sports wagering industry is when Walt Disney (NYSE:DIS) will make its long-awaited arrival in the space. Today, CEO Bob Chapek shed some light on the topic, but didn’t reveal a hard and fast time...
Stacey Abrams Betting on Casinos, Sports Wagering to Boost Georgia Gubernatorial Bid
Georgia Democrat gubernatorial nominee Stacey Abrams is betting on casinos and regulated sports wagering as part of her bid to defeat incumbent Republican Gov. Brian Kemp. On Tuesday, Abrams said if elected, she’d leverage government receipts from gaming to broaden access to...
DraftKings Pares Ad Spending, But Will It Last?
DraftKings (NASDAQ:DKNG) stock is higher by 16.40% over the past week -- a surge fueled largely by the company lifting its 2022 revenue outlook while cutting its full-year earnings before interest, taxes, depreciation and amortization (EBITDA) estimate. Perhaps to the delight of...
Red Rock to Double Las Vegas Presence by 2030, Analysts Bullish
Shares of Red Rock Resorts (NASDAQ:RRR) are trading higher today after the casino operator delivered what analysts are calling strong second-quarter results. But the big story is the operator’s plan to double its Las Vegas footprint by 2030. Red Rock is already...
