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Disney Holds Six Percent DraftKings Stake, Viewed as Passive Investor for Now

Walt Disney (NYSE:DIS) owns six percent of newly public DraftKings (NASDAQ:DKNG), but the entertainment giant's stake in the sportsbook operator is viewed as passive...

Todd Shriber May 1, 2020

MGM Earnings Sag on Virus Woes, Company Slashes Dividend by 98 Percent, Sees Bellagio Among First Reopenings

MGM Resorts International's (NYSE:MGM) first-quarter earnings drastically slid, as temporary closures and travel controls forced by the coronavirus stoked a 29.2 percent year-over-year decline...

Todd Shriber April 30, 2020

Mohegan Tribal Gaming Misses Debt Payment, Moody’s Sees Elevated Default Risk

Mohegan Tribal Gaming Authority (MTGA), which is owned by the Connecticut Native American band of the same name, had its credit grade downgraded by...

Todd Shriber April 27, 2020