4509 stories by Todd Shriber
High Roller Technologies Cuts IPO Size by 26%
High Roller Technologies, a Las Vegas-based iGaming operator, trimmed the size of its proposed initial public offering (IPO). In an amended Form S-1 filing with the Securities and Exchange Commission (SEC) released Thursday, High Roller said it’s planning to sell 1.3 million...
Wynn Investors Receive $70M in Securities Fraud Lawsuit
Wynn Resorts (NASDAQ: WYNN) and some former executives of the gaming company agreed to pay investors $70 million for their alleged roles in covering up the sexual misdeeds of founder and former CEO Steve Wynn. The defendants will pay $9.4 million of...
Red Rock Could Be Boosted by Lower Interest Rates, Analyst Says
On Wednesday, the Federal Reserve lowered interest rates by half a percent -- the central bank’s first rate cut in four years -- sparking hope of a prolonged rally for capital-intensive casino operators, including Red Rock Resorts (NASDAQ: RRR). At least one...
OpenBet Could Sell at Steep Discount, Says Research Firm
Endeavor Group Holdings, Inc. (NYSE: EDR) is shopping its OpenBet and IMG Arena sports betting data businesses and the former could sell for a significant discount to the price the seller originally paid. Endeavor is moving on from OpenBet after announcing in...
Playtika Paying Up to $1.25B for SuperPlay
Mobile games developer Playtika (NASDAQ: PLTK) said Wednesday it’s paying $700 million to acquire rival SuperPlay, with an additional contingent consideration that could bring the purchase to $1.25 billion. The boards of both Israel-based companies have approved the deal. Playtika noted the...
Circa Unveils ‘Survivor Empathy Package’ After Havoc Hits NFL Pool
With two weeks of the NFL season in the books, the Circa Survivor pool has been pared dramatically. So much so that the gaming company is offering losers an empathy package, which includes free rooms at Circa Resort & Casino in downtown...
BetMGM, Gannett Unveil Long-Term Partnership
BetMGM said it reached a long-term agreement with USA Today publisher Gannett under which the gaming company will be the official online sportsbook operator of USA Today Sports. Financial terms of the accord weren’t disclosed. BetMGM’s data and odds will be published...
Caesars Set for Lower Rate Perks, Could Sell Linq Promenade, Says Analyst
The Federal Reserve is nearing its first interest rate cut in four years, which is none too soon for debt-laden companies such as Caesars Entertainment (NASDAQ: CZR). In a new report to clients, B. Riley analyst David Bain points out that since...
MGM Has Capital to Execute Big Projects, Analysts Say
MGM Resorts International (NYSE: MGM) has the financial resources and access to capital needed to execute multiple new casino hotel projects over the medium term. That’s the take of CBRE Credit Research Colin Mansfield and Connor Parks who in a new note...
MLBPA Sues Bet365, DraftKings Over Unauthorized Use of Player Images
The Major League Baseball Players Association (MLPBA), the union representing the league’s athletes, is suing four gaming companies, including Bet365 and DraftKings, over what it believes is unauthorized use of players’ names, images, and likenesses across those operators’ advertisements and betting sites....
