Why The Cruise Line Recovery Looked Premature
Royal Caribbean is raising $1 billion through a convertible debt offering of $500 million and a follow-on stock offering of the same amount. This is sending jitters through the cruise ship industy.
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Carnival Cruise Update Doesn’t Stop the Bleeding
Cruise line operator Carnival released a business update Thursday that couldn't keep the share price from backsliding after two weeks of recovery.
DraftKings Raises $1.7 Billion in Follow-On Offering
Online sports betting firm DraftKings has priced a follow-on stock offering at $52, a discount of more than 8% to the stock's closing price on Tuesday.
DraftKings Is Back At The Table With Another Secondary Offering
DraftKings Inc. (NASDAQ: DKNG | DKNG Price Prediction) shares slid on Monday after it was announced that the online gaming firm would be conducting a secondary offering. Now seems to be as good a…
Penn National Gaming’s Recent Stock Offering Almost Looks Free
Many companies are punished when they announce secondary stock offerings after their shares already have surged. Penn National Gaming recently closed on its public secondary offering.
Why This Analyst Sees Nearly 30% More Upside in DraftKings
As more states loosen gambling restrictions, Argus expects DraftKings to benefit from its market leadership.
Why the Worst Appears to Be Over for Major Cruise Line Stocks
Yet, despite a shutdown over the pandemic, one firm has decided to upgrade the major cruise lines, even without them generating a penny of revenues yet.
Caledonia Rolls the Dice on Scientific Games With Massive Stake
Scientific Games was one of Monday’s big winners after the company announced that it had reached an agreement with a credentialed gaming industry investor to buy a significant stake in the company.
DraftKings Dunks on the Competition With Its Newest Teammate
NBA Hall of Fame inductee Michael Jordan will be joining DraftKings as a special advisor to the board of directors.
Can Hotel Reservations Outlast Waves of Hotel Bankruptcies?
COVID-19 has wreaked absolute havoc on many industries but hotels seem to be getting some of the worst of it. A new national report from Trepp, a data analytics firm, the demonstrated that the…
Did Investors Make the Right Bet With DraftKings for Q2 Earnings?
DraftKings shares retreated after it reported second-quarter financial results before the markets opened on Friday.
Royal Caribbean Earnings: When Bad Is Actually Good for Investors
Royal Caribbean Cruises reported mixed quarterly results before the markets opened on Monday, but shares traded higher.
Extended Suspension of Sailings Sinks Norwegian Cruise Line
Cruise operator Norwegian Cruise Line reported worse than expected second-quarter results Thursday morning. An industry group has further pushed out new sailings, making matters even worse for the company and its peers.
Meet the Newest Online Casino SPAC
dMY Technology Group is bringing the online casino and sports wagering firm Rush Street Interactive public, joining the list of online gaming stocks.
How Selling 13 Ships Could Affect Carnival’s Stock Price
Cruise ship operator Carnival announced plans on Friday to remove nine more ships from its fleet, bringing the total number of ships taken out of service to 13 since last year.