DraftKings (NASDAQ:DKNG) announced today it’s providing common soldier investiture inwards public equity (PIPE) to Horizon Acquisition Corp. (NYSE:HZAC) — the special design acquisition fellowship (SPAC) coming together with online just the ticket market Vivid Seats. Todd Boehly’s Eldridge Industries, an affiliate of Horizon’s sponsor, Horizon Sponsor,…
Caesars Entertainment (NASDAQ:CZR) stock is up 56.39 year-to-date. That’s a execution many investors may believe is attributable to the company’s expanding iGaming and sports wagering footprints. But it’s traditional casinos driving enthusiasm for the shares. The manipulator is the second-largest on the Las Vegas Strip,…
MGM Resorts International (NYSE:MGM) Bill Hornbuckle is making clear-cut his company’s outlook on DraftKings’ (NASDAQ:DKNG) try to acquire Entain Plc (OTC:GMVHY) — MGM’s partner inwards the BetMGM venture. While noting MGM has “a great relationship” with BetMGM, and that the cassino operator is enthusiastic nearly the…
Sightline Payments has filed a federal causa against Everi Holdings, claiming its competitor inward the cashless gaming market place infringed on quintuplet patents it holds. According to the complaint, which was airy last Thursday inward US District Court in the Western District of Texas, Sightline alleges Everi promoted its CashClub…
The Forbes 400 listing of the wealthiest Americans is out, and the 2021 edition includes several names who have in the first place made their fortunes through cassino gambling. Dr. Miriam Adelson, the widow of the later(a) Sheldon Adelson, is the world’s richest someone inward the gaming industry.…
Everi Holdings (NYSE:EVRI) is tightening its 2021 earnings guidance. It’s now forecasting earnings before interest, taxes, depreciation and amortisation (EBITDA) and clear income that’s closer to the top stop of antecedently estimated ranges. The one-armed bandit machine manufacturer said it now expects full-year network income will live…
Kynikos Associates beginner Jim Chanos, one of Wall Street’s most noted little sellers, is bearish on Wynn Resorts (NASDAQ:WYNN), citing regulatory headwinds inward Macau. In an interview today with CNBC, Chanos said his steadfast is short a US-based Macau casino manipulator and that figure is Wynn Resorts. His…
DraftKings (NASDAQ:DKNG) inventory is following other gaming equities take down today. But the sportsbook manipulator is on the receiving terminal of to a greater extent living from the sell-side. In a take note to clients today, Craig-Hallum psychoanalyst Ryan Sigdahl reiterates a “buy” rating on DraftKings, piece boosting his…
Clearly, there’s something about football harden and its impact on sports wagering equities. Genius Sports (NYSE:GENI) stock is flirting with a realize of VIII percent this week and is higher past 21.6 percent o'er the yesteryear month. That torrid tread isn’t preventing some analysts from waxing…
VICI Properties (NYSE:VICI) stock is sliding in betimes trading Th after the gaming tangible demesne investment funds swear (REIT) said it’s marketing upwards to 115 million shares to arouse capital. The owner of Caesars Palace revealed the offer late Wednesday, sparking a sell-off inwards the inventory that’s…