online gaming

MGM Offers $11B for U.K. Gaming Firm Entain
M&A

MGM Offers $11B for U.K. Gaming Firm Entain

The owner of Ladbrokes rebuffed the proposal, saying it "significantly undervalues the company and its prospects."
By Matthew Heller | January 4, 2021
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DraftKings Beats Estimates as Pro Sports Return
Financial Performance

DraftKings Beats Estimates as Pro Sports Return

The resumption of several major sports in the third quarter, as well as the start of the NFL season, "generated tremendous customer engagement."
By Matthew Heller | November 16, 2020
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Unity Software Raises Pricing for $1B IPO
Technology

Unity Software Raises Pricing for $1B IPO

In an unusual move, the company's upper management, rather than its investment bankers, will determine the actual price, using an online bidding system.
By Matthew Heller | September 16, 2020
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DraftKings Loses $161M Amid Lull in Betting
Financial Performance

DraftKings Loses $161M Amid Lull in Betting

“With a number of major sports resuming or starting their seasons, we've seen a strong uptick in our active users."
By Matthew Heller | August 14, 2020
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Barry Diller’s IAC Buys MGM Stake for $1 Billion
M&A

Barry Diller’s IAC Buys MGM Stake for $1 Billion

The acquisition of 12% of MGM gives Diller an entree into the online gaming business through the nascent BetMGM platform.
By Matthew Heller | August 11, 2020
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Zynga CFO Lee Quits After 18 Months on Job
Technology

Zynga CFO Lee Quits After 18 Months on Job

Chief Accounting Officer Michelle Quejado will serve as interim CFO at the gaming company, which posted better-than-expected earnings for the third quarter.
By Matthew Heller | November 10, 2015
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Judge Finds Zynga Investors Have Viable Fraud Claims
Risk & Compliance

Judge Finds Zynga Investors Have Viable Fraud Claims

Shareholders accuse the online gaming company of failing to disclose slumping revenue growth.
By Matthew Heller | March 26, 2015
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