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5 Long-Term SPACs For Investors To Consider
Sunday, May 2, 2021 - 10:27am | 1155Read More...Chris Katje is a co-host of Benzinga's YouTube show, "SPACs Attack," with Mitch Hoch. On a recent episode of Benzinga's "SPACs Attack," we offered five long-term SPAC picks for investors to contemplate. With many SPACs trading down in 2021 on lost...
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NFL Exec Matt Higgins On How Perception Of Sports Betting Has Changed In The League
Saturday, April 17, 2021 - 12:23pm | 472Read More...Matt Higgins recently joined Benzinga’s “SPACs Attack” to discuss several topics, including the growth of the sports betting market. Sports Betting Change: Higgins counts vice chairman of the Miami Dolphins among his many roles. He also was an executive vice president of the...
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Bally's Corp. Acquires Tropicana Las Vegas For $308 Million
Wednesday, April 14, 2021 - 11:26am | 699Read More...Bally's Corp (NYSE: BALY) has acquired the iconic Tropicana Las Vegas from the real estate investment trust Gaming and Leisure Properties Inc (NASDAQ: GLPI) for $308 million. What Happened: As part of the transaction, the Providence, Rhode Island-headquartered Bally's has entered...
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Apple Hit With Class Action On Allegations Of Running An 'Unlicensed Casino'
Wednesday, April 7, 2021 - 3:19am | 460Read More...Apple Inc. (NASDAQ: AAPL) has been hit with a class-action lawsuit that accuses the tech giant of profiting from illegal gambling apps on the App Store, AppleInsider reported Tuesday. What Happened: The lawsuit, filed on behalf of plaintiffs Joshua McDonald and Michael Helsel, states that Apple has...
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MGM Resorts, Caesars Entertainment Stocks Upgrade: What You Need To Know
Monday, April 5, 2021 - 10:42am | 345Read More...The Las Vegas gaming market seems to be delivering a faster- and stronger-than-expected recovery, with “especially positive booking trends," according to Morgan Stanley. The Gaming Market Analyst: Thomas Allen upgraded the ratings for MGM Resorts International (NYSE: MGM) and Caesars...
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MGM Stock Valuation Is 'Changing For The Better'
Monday, March 15, 2021 - 12:08pm | 407Read More...Hotels and casino company MGM Resorts International (NYSE: MGM) boasts a complex valuation, but three notable catalysts mean it is now "changing for the better," according to Jefferies. The MGM Resorts Analyst: David Katz upgraded MGM Resorts' stock rating from Hold to Buy with a...
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FanDuel Parent Considering IPO As Investors Push For Spinoff
Sunday, March 14, 2021 - 9:28am | 318Read More...Traders could be getting a new way to get in on the action over online sports betting. What Happened: Ireland-based Flutter Entertainment Plc (OTC: PDYPY) is considering a spinoff in the US — with an IPO among the options — for its company FanDuel, Bloomberg and CNBC have reported...
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Is DraftKings Looking To Take Over Score Media and Gaming?
Tuesday, March 2, 2021 - 12:20pm | 471Read More...Rumors circulated Monday that Draftkings Inc (NASDAQ: DKNG) had set its sights to acquire Score Media and Gaming Inc (NASDAQ: SCR). What Happened: Less than one week after being listed on Nasdaq, Score Media is the subject of takeover rumors, which sent shares up in after-...
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Score Media Closes Initial Public Offering And Plans For Future
Monday, March 1, 2021 - 6:26pm | 436Read More...Score Media and Gaming Inc (NASDAQ: SCR) was quick to close its initial public offering in the U.S. after making its debut on Nasdaq this past Thursday. What Happened: On Monday, Score Media announced 6,900,000 Class A shares were sold at a price of $27 per share, for total of $186.3...
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Score Media And Gaming, Home Of theScore App, Debuts On Nasdaq: What You Need To Know
Thursday, February 25, 2021 - 5:19pm | 683Read More...With a new Wall Street listing, Score Media and Gaming Inc (NASDAQ: SCR) has come a long way since its inception 17 years ago. What Happened: On Thursday, Score Media debuted on the Nasdaq, a big step for this once small Toronto-based company founded by John Levy’s family...
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Michigan Cannabis Business Donates $420,420 To Barstool Fund Through Sports Betting Match Promotion
Sunday, January 24, 2021 - 1:09pm | 308Read More...Dave Portnoy's The Barstool Fund is getting a boost from a Michigan cannabis product company. What Happened: George Sinishtaj, owner of Ooze, a Michigan-based maker of vaporizers and other accessories, says he made a bet of $420,420 on the Buffalo Bills on Friday at Greektown Casino-Hotel's...
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The Chinese Gambling Market Vs. US Gambling Market: What Investors Need To Know
Wednesday, November 18, 2020 - 2:20pm | 816Read More...Online and sports gambling has been a booming industry in the U.S. in 2020, generating some big returns for investors of DraftKings Inc. (NASDAQ: DKNG) and Penn National Gaming Inc.(NASDAQ: PENN). In China, regulations on gambling are much tighter than in the U.S., and China has recently begun...
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Fox Is An Under-The-Radar Play On US Sports Gambling
Wednesday, October 7, 2020 - 2:53pm | 481Read More...U.S. sports betting stocks Penn National Gaming, Inc (NASDAQ: PENN) and DraftKings Inc (NASDAQ: DKNG) have been on fire so far in 2020. However, one analyst says sports betting is among the "hidden assets" that hold tremendous value for Fox Corp (NASDAQ: FOX) (NASDAQ: FOXA). The...
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Caesars Entertainment In Talks To Buy UK's William Hill: WSJ
Monday, September 28, 2020 - 8:29am | 182Read More...Caesars Entertainment Corporation (NASDAQ: CZR) shares are trading higher on Monday after Wall Street Journal reported the company is in talks to acquire the U.K. betting company William Hill. William Hill is a bookmaker based in London, U.K. and is listed on the London Stock Exchange. Interest in...
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Why Goldman Sachs Is Bullish On Penn National Gaming's Coronavirus Recovery
Thursday, August 13, 2020 - 2:37pm | 404Read More...Penn National Gaming, Inc (NASDAQ: PENN) shares were rallying strongly Thursday following positive sell-side comments. The Penn National Analyst: Goldman Sachs analyst Stephen Grambling initiated coverage of Penn National with a Buy rating and 12-month price target of $60, suggesting 20%...
