Caesars Eliminates NeoGames Stake

Caesars Entertainment (NASDAQ:CZR) is no more yearner a shareholder inwards net lottery operator NeoGames (NASDAQ:NGMS). Earlier this week, the gambling casino giant sold its remaining berth inwards the Israeli company, according to a Form 13D/A filing with the Securities and Exchange Commission (SEC). On Mar 14, 2022,…

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Nevada Gaming Comm. Delays Licensing MGM Investor Barry Diller Amid SEC Probe

The Nevada Gaming Commission (NGC) is postponing licensing of Barry Diller — the media mogul whose IAC/InterActiveCorp (NASDAQ:IAC) is the largest shareholder in MGM Resorts International (NYSE:MGM) — amid a federal investigation into his options trades inwards Activision (NASDAQ:ATVII) prior to Microsoft (NASDAQ:MSFT) announcing it’s acquiring…

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Lockdowns Help 888 Holdings Triple Profit in Record Year

888 Holdings said Midweek its pretax gain tripled on record book revenue inward 2021 as closures of land-based gaming venues sparked an online gaming manna from heaven inwards its core markets. The London-listed accompany said revenue for the yr conclusion Dec 31, 2021 was at an all-time heights of US$…

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MGM to Repurchase $2B Worth of its Own Stock

MGM Resorts International (NYSE:MGM) proclaimed Wednesday that its room of directors sanctioned a young $2 1000000000000 apportion repurchase plan. That marks unity of the largest shareholder rewards programs in the gaming manufacture since the pop of the coronavirus pandemic. The virus eruption previously prompted casino operators to hold buyback…

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IGT Stock Tumbles Despite Solid 2022 Outlook

Shares of International Game Technology (NYSE:IGT) are plunging Tuesday. That’s despite the expansion slot political machine producer issuing first-quarter and full-year guidance that, at the mellow ending of the ranges, exceeds consensus estimates. In midday trading, IGT caudex is lower past 15.12 percent on loudness that’s…

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Esports Entertainment Endures Miserable Week, Analyst Highlights Liquidity Issues

Esports Entertainment Group (NASDAQ:GMBL) moult nearly two-thirds of its value this week. That’s after the troupe missed fourth-quarter estimates and thinned 2022 guidance, prompting an analyst to enquiry the firm’s liquidity position. Earlier this week, the Malta-based gaming and sports betting company said its fourth-quarter sales missed…

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Bally’s Board Forms Committee to Mull Standard General Takeover Offer

Bally’s (NYSE:BALY) said it has formed a special committee to evaluate the recent takeover extend made by circumvent fund Standard General, the casino operator’s largest shareholder. Standard General is controlled by Soo Kim, a fellow member of Bally’s board. Last week, the investment firm filed an…

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Red Rock Margins Impress, LV Locals Market Strong, Says Analyst

Red John Rock Resorts (NASDAQ:RRR) posted another circle of impressive perimeter gains inwards the quaternary quarter, prompting i psychoanalyst to say the caudex could follow undervalued if that trend continues. In the last-place deuce-ace months of 2021, Red John Rock earned $1.66 a divvy up on revenue of…

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Penn National Plans $750M Buyback, Eyes Full Acquisition of Barstool Sports

Penn National Gaming (NASDAQ:PENN) is preparation to repurchase up to $750 gazillion worth of its gravely poorly(p) stock. It is also sounding to win the 64 percent of Barstool Sports it doesn’t own sometime in ahead of time 2023. The regional gambling casino operator made those announcements…

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Penn National Plans $750M Buyback, Eyes Full Acquisition of Barstool Sports

Penn National Gaming (NASDAQ:PENN) is preparation to repurchase up to $750 billion worth of its seriously under the weather stock. It is also sounding to win the 64 percent of Barstool Sports it doesn’t own sometime inwards early 2023. The regional cassino operator made those announcements earlier today…

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