5081 stories by Todd Shriber
DraftKings Leads Bank Sports Betting Survey, ESPN Bet Surprises
A recent survey on consumers’ iGaming and online sports betting habits conducted by Truist Securities indicates users have a preference for DraftKings (NASDAQ: DKNG). DraftKings and Flutter Entertainment’s (NYSE: FLUT) FanDuel have carved out an enviable duopoly in the US sports wagering...
Genius Sports Dubbed Top Small-Cap Betting Idea by Oppenheimer
Amid a month-long slump that’s seen the stock shed 24.2% and enter a bear market along the way, it would be easy to be dismissive of Genius Sports (NYSE: GENI), but at least one analyst believes investors should consider a different view....
UFC Parent Endeavor Going Private in $13B Deal with Silver Lake
Endeavor Group Holdings, Inc. (NYSE: EDR) is being taken private by venture capital firm Silver Lake in a transaction valuing the target at $27.50 a share, or an equity value of $13 billion. Silver Lake, which owns 71% of the voting stock...
Bally’s Investor Urges Against Takeover Bid, Suggests Alternatives for Chicago Casino
K&F Growth Capital, which is one of the largest Bally’s (NYSE: BALY) shareholders, sent a letter to the company’s board of directors on Tuesday urging it to reject a recently proposed takeover bid and to mull alternatives for large-scale projects, including a...
Bally’s Hit with Another Credit Rating Downgrade
Bally’s (NYSE: BALY) accomplished a dubious trifecta as its credit rating has been lowered by a third major ratings agency. On Monday, Fitch Ratings downgraded the regional casino operator’s credit grade to “B” from “B+”, citing increasing leverage. The research firm has...
Queens Casino Has Limited Support, According to Ramos Poll
There’s scant appetite for a casino in Queens, New York, according to a poll conducted at the request of New York State Sen. Jessica Ramos, the Democrat who represents a portion of the borough. Ramos recently said that she wanted more insight...
Caesars Stock Can Shed Laggard Status
Shares of Caesars Entertainment (NASDAQ: CZR) are lower by 5.4% year to date. That’s a far cry from the gains notched by the S&P 500, the VanEck Gaming ETF (NYSEARCA: BJK), and the broader consumer discretionary sector. On the other hand, the...
Red Rock Resorts Stock Primed for Upside, Says Analyst
Shares of Red Rock Resorts (NASDAQ: RRR) are on a blistering pace to start 2024 as highlighted by a first-quarter gain of 17.3%, outpacing a slew of small-cap indexes of which the stock is a member. Some analysts believe there’s more upside...
Thailand Casinos Inch Closer to Reality, Could Open before MGM Osaka
Thailand is getting closer to legalizing casino resorts after its House of Representatives on Thursday easily passed legislation allowing entertainment complexes, which would include gaming venues. Of the 257 House members in attendance, 253 voted in favor of the casino gaming legislation....
Queens Councilman Moya Supports Cohen Casino Plan, But Ramos Still Holding Out
Queens Councilman Francisco Moya (D- 21st Council District) said Thursday he supports Steve Cohen’s vision to the transform the Willets Point area into a sprawling, $8 billion entertainment complex including a casino hotel. Moya, whose district includes Corona, East Elmhurst, Jackson Heights,...
