4505 stories by Todd Shriber
Las Vegas Sands Stock Reacts to Shorter Trump Victory Odds
Shares of Las Vegas Sands (NYSE: LVS) have traded lower since the start of July -- a period including favorable polling data for former President Trump. That could signal concern among market participants that should Trump reclaim the White House, the hard...
FanDuel Temporarily Goes Dark in DC as Bowser Has Yet to Sign Budget
Washington, DC is currently without mobile sports wagering because Mayor Muriel Bowser (D) has yet to sign the fiscal 2025 budget. It was believed Bowser would sign the new budget into law on Monday, ushering in a new era of mobile sports...
Accel Entertainment Buys Fairmont Holdings for $35M in Stock
Accel Entertainment (NYSE: ACEL) announced the acquisition of Fairmont Holdings for $35 million in equity, adding a horse racetrack to the video gaming terminal (VGT) firm’s portfolio of assets. Privately held Fairmont owns FanDuel Sportsbook & Horse Racing in Collinsville, Ill. The...
Mazaii to Be Acquired by Las Vegas SPAC in $500 Million Deal
Mazaii, a Canadian provider of iGaming games and solutions, will be acquired by blank-check firm Relativity Acquisition Corp. (NASDAQ: RACY) in a deal valuing the target at an initial enterprise value of $500 million. The deal signals there's still a strong appetite...
Crypto Casino Founder Kim Admits to Losing Investor Cash on Sour Bitcoin Bets
Richard Kim, the founder of cryptocurrency casino ZeroEdge, admitted to losing $3.67 million in investor capital on leveraged bitcoin trades that went awry. Kim resigned from the startup gaming entity earlier this month. In an extensive Substack post, he admitted to misdeeds...
Bally’s Chicago Deal Could Be Playbook for Tropicana Las Vegas
Last Friday, Bally’s (NYSE: BALY) unveiled a broad agreement with Gaming and Leisure Properties (NASDAQ: GLPI) under which the real estate investment trust (REIT) will provide much-needed financing for the gaming company’s permanent Chicago casino. At least one analyst believes the accord...
Caesars Downgraded, Price Target Slashed as Analyst Sees Underperformance Continuing
Shares of Caesars Entertainment (NASDAQ: CZR) slipped almost 2% today on above-average volume after Susquehanna analyst Joseph Stauff downgraded the gaming stock. In a note to clients, Stauff pared his rating on the Harrah’s operator to “negative” from “neutral” while slashing his...
Rush Street Interactive Sale Could Be Imminent, According to Report
The long rumored sale of Rush Street Interactive (NYSE: RSI) could materialize in two months or less, according to a recent report. Citing unidentified sources, the Off Shore Gaming Association (OSGA) noted that a deal for the BetRivers owner could be reached...
MGM Stock Sporting Attractive Risk/Reward Says Analyst
After dithering for much of this year, shares of MGM Resorts International (NYSE: MGM) are on a torrid pace as of late, as highlighted by a gain of 7.53% over the past week and 13.51% over the past month. Analysts are bullish...
Bally’s Plugs Chicago Casino Funding Gap in $2B Deal with GLPI
Shares of Bally’s (NYSE: BALY) surged Friday after the gaming company announced it will strike deals with Gaming and Leisure Properties (NASDAQ: GLPI) for an aggregate of $2.07 billion in financing. That closes an $800 million shortfall the operator faced on its...
