At the end of June, experiential asset real estate investment trust VICI Properties announced strong total revenue growth during Q2 2022, along with a drop in its net income. Now, the company has expressed its intention to raise $509.9 million by making an underwritten public offering of 16.5 million shares.Continue Reading
Posted on: August 29, 2022, 02:00h. Last updated on: August 28, 2022, 10:01h. By way of its 56% stake in MGM China, MGM Resorts International (NYSE:MGM) is exposed to slumping Macau, but the stock has the ingredients to endure ongoing turbulence in the largest Asia-Pacific casino hub. Bellagio on theContinue Reading
During the first quarter of 2022, Point72 Asset Management, a hedge fund headed by Mets owner Steve Cohen, bought up 633,800 shares of VICI Properties. This comes amidst a slumping market and is likely an attempt by Cohen to adopt a more defensive strategy. Cohen Is Playing It Safe withContinue Reading
In Summary: DraftKings’ stock continues to fall despite a solid Q1 earnings call Positive sentiment is on the rise as more states prepare to legalize sports betting The platform remains among the top three in the US but is yet to become profitable Image Source: Shutterstock.com (Photo by Tada Images)Continue Reading
Posted on: May 22, 2022, 03:17h. Last updated on: May 22, 2022, 03:17h. Wynn Resorts (NASDAQ:WYNN) CEO Craig Billings is among the high-ranking executives at the gaming company taking reductions in 2022 cash salary in exchange for shares of the casino operator. Wynn Interactive CEO Craig Billings (right) in aContinue Reading
Posted on: May 18, 2022, 07:57h. Last updated on: May 18, 2022, 07:57h. The 61.35% loss incurred by Penn National Gaming (NASDAQ:PENN) stock over the past year places it a price where the shares reflect “de minimis value” for online gaming operations, according to a sell-side analyst. A Barstool SportsbookContinue Reading
Posted on: April 7, 2022, 02:00h. Last updated on: April 6, 2022, 11:18h. The NFL is now one the largest investors in Genius Sports (NYSE:GENI) after a batch of the league’s equity warrants in the sports betting data provider recently vested. NFL Commissioner Roger Goodell. The league now controls 7.7Continue Reading
Golden Matrix Group, a leading provider of turnkey and white label gaming platforms, esports technology, and gaming content, has begun trading on the US Nasdaq Capital Market. As of yesterday, March 17, the company’s common stock has been available for purchase. Golden Matrix Goes Live on the Nasdaq This newsContinue Reading
Posted on: March 8, 2022, 09:57h. Last updated on: March 8, 2022, 09:57h. Steve Bittenbender Read More With his company’s stock mired in a six-month freefall, DraftKings Chairman and CEO Jason Robins lashed out on Twitter Tuesday night with a provocative message aimed at those who traded away shares inContinue Reading
Posted on: January 17, 2022, 04:41h. Last updated on: January 17, 2022, 05:19h. NeoGames (NASDAQ:NGMS), a provider of internet lottery services and technology, announced it’s offering $480 million in cash and equity to acquire Aspire Global. NeoGames IPO, highlighted on the Nasdaq in November 2020. The company is buying AspireContinue Reading