Tag Archives: jason ader
- Hills issues third profit warning in 12 months after dodgy December
January 9, 2017
UK bookmakers William Hill are catching hell for blaming their 2016 operating profit shortfall on punters getting lucky. On Monday, Hills informed investors that its unaudited full year 2016 operating profit would likely come in around £260m, at the bottom end of its previously forecasted range of £260m-280m. The profit...
- Ader to Amaya: reject Baazov bid, cut all ties with former CEO
December 7, 2016
Activist investor Jason Ader wants Canadian online gambling operator Amaya Gaming to forget David Baazov’s takeover bid and get back to making money. Last Friday, Toronto’s Globe & Mail newspaper published a look at the “murky” finances underpinning Baazov’s C$24-per-share offer to acquire Amaya and take it private. The article...
- NagaCorp Remains a Risky Investment for Income Only
October 13, 2015
Back in May when I last covered Nagacorp, the stock was trading at $5.73 on the Hong Kong exchange. I had said the following: Cambodia’s NagaCorp is slowly growing its VIP segment, quite nicely in fact, with fundamentals improving largely due to the Macau situation. But if you’re looking for...
- Bwin investor says GVC needs to further boost its bid to 14% more
July 29, 2015
Bwin.party investor Jason Ader says GVC needs to increase its offer to have a chance of winning the bidding war against 888 Holdings. Ader, who owns 5.2% of Bwin.party through his Spring Owl Asset Management, said GVC will need to further boost its offer for bwin.party by 14% to approximately...
- 888 to maintain Bwin.party brands, spin off technology division
July 17, 2015
Further details and reactions have emerged regarding Friday’s news that UK-listed online gambling operator Bwin.party digital entertainment had accepted rival operator 888 Holdings's £898m acquisition offer. 888’s exec chairman Brian Mattingley told Reuters the deal was “all about scale … When you’ve got critical mass you can ride storms and...
- Cash-poor daily fantasy sports operator ScoreStreak “pauses” operations
May 28, 2015
Daily fantasy sports (DFS) operator ScoreStreak has temporarily ceased operation due to a lack of operating capital. ScoreStreak launched with great fanfare a year ago but the company disabled registration and real-money play on its website this week. A message posted to the site’s frequently asked questions page said the...
Why the DraftKings & FanDuel merger may not go ahead
March 24, 2017
Maine legalizes daily fantasy sports
August 3, 2017
New Jersey formally approves daily fantasy sports
August 25, 2017