4979 stories by Todd Shriber
Elys Game Technology Rallies on DC, US Expansion Plans
Shares of Elys Game Technology (OTC PINK: ELYS), a gaming technology provider, rallied Tuesday after the company said it will add a third retail sportsbook in Washington, DC, adding that it plans to expand into several states. The company provides sports betting...
Entain Suffers Double Downgrade by Goldman as Activists Circle
Entain (OTC: GMVHF) endured a double downgrade by Goldman Sachs with the bank lowering its rating on the gaming stock to “sell” from “buy" late Monday evening. In skipping over “hold,” Goldman slashed its price target on the Ladbrokes owner by 43.4%...
Flutter Stock Sell-off Overdone, US Listing Potential Catalyst, Says Analyst
Shares of Flutter Entertainment (OTC: PDYPY) are up 13.77% year to date. But gaming equity has entered a bear market over the past six months. At least one analyst argues the repudiation is overdone, and positive catalysts lie ahead for the stock....
MGM Top-Ranked Casino Company for Veterans Employment
MGM Resorts International is one of the highest-ranked employers for military veterans, and the only casino operator to appear on MiltaryTimes’ “Best for Vets 2023 Employers” list. Overall, the largest operator on the Las Vegas Strip placed 50th out of 230 firms...
Pansy Ho Not Liquidating MGM China Equity Stake
Pansy Ho, cochairperson at MGM China, is unlikely to materially alter her stake in the gaming company, despite a recent move that suggests otherwise. Ho, Macau casino patriarch Stanley Ho’s eldest daughter, recently deposited the entirety of her equity interest in MGM...
DraftKings Data Confirms F1 Gaining Popularity Among Bettors
Helped by the event taking place in Sin City, last week’s Las Vegas Grand Prix was, for many sportsbooks, the most wagered on formula race ever. That sentiment extended to online sportsbook operators as well with DraftKings noting the first Las Vegas...
Wynn Bonds Steady with Large Yields, but Upside Likely Limited
Corporate bonds issued by Wynn Resorts (NASDAQ: WYNN) offer investor the benefits of an improving credit profile and big yields, among other alluring factors, but near-term capital appreciation by that debt could be limited. That’s the sentiment of Gimme Credit analyst Kim...
Light & Wonder Leverage Declining, Credit Outlook Stable
Light &Wonder’s (NYSE: LNW) efforts to reduce leverage are paying dividends with Fitch Ratings recently affirming the gaming device manufacturer’s credit grade of “BB” with a “stable” outlook. Helped by the recent reunification with social casino developer SciPlay, Light & Wonder’s free...
Bragg Gaming Soars as Investor Pushes for Sale
Shares of Bragg Gaming (NASDAQ: BRAG) soared Wednesday after an investor pushed the company to consider strategic alternatives, including a possible sale. Raper Capital founder Jeremy Raper, who oversees entities managing 375K shares of the gaming company, penned a letter to Bragg...
Entain Draws Activist Action, New Investors Want Ricky Sandler on Board
The U.S.-listed shares of Entain Plc (OTC: GMVHY) rallied Wednesday following reports that activist investors recently built stakes in the Coral owner. Dendur Capital and Sached Heam Capital, two New York-based hedge funds, amassed positions in the gaming company. They are believed...
