4024 stories by Todd Shriber
FanDuel, Rush Street Interactive Boosting Promo as Football Season Intensifies
Tonight’s edition of Monday Night Football marks the end of week three of the NFL season, week five in college football. With the 2022 football campaign heating up, so is promotional spending by sportsbook operators. In a note to clients today, Wells...
Melco, Wynn Lead Macau Stock Rally as China Loosens Travel Restrictions
After nearly three years of punitive travel restrictions that hammered Macau’s casino industry, China is liberalizing travel to the special administrative region (SAR). That's spurring a rally in shares of gaming operators. Among the three Macau operators trading on a major US...
Playstudios, SciPlay Vulnerable in Recession, Says Bank of America
A recession is likely to adversely affect video game sales. History proves as much and that precedent pertains to social casino companies and their stocks. Potentially, that’s bad news for the likes of Playstudios (NASDAQ:MYPS), Playtika (NASDAQ:PLTK) and SciPlay (NASDAQ:SCPL). In a...
Playtika Updates Investors on Stock Tender Offer
Mobile gaming company Playtika (NASDAQ:PLTK) updated investors on a previously announced plan to tender a significant amount of its shares outstanding. In a statement issued following the close of US markets Thursday -- and one that sparked a rally in the gaming...
Boyd Gaming Stock Draws New Bull Coverage
Like its gaming peers, Boyd Gaming (NYSE:BYD) stock is slumping. But some analysts see opportunity in shares of the Aliante operator. In a note to clients today, JMP Securities analyst Jordan Bender initiated coverage of Boyd stock with an “outperform” rating and...
Bally’s Eyeing Major Redevelopment of Tropicana in 2024
Bally’s (NYSE:BALY) has won approval from Nevada regulators to run the Tropicana Las Vegas, and the gaming company is targeting a major overhaul of the property, potentially in 2024. On Thursday, the Nevada Gaming Commission (NGC) signed off on the gaming company...
Bally’s Sports Networks Could Be Sold to Pro Leagues
Major League Baseball (MLB), the NBA, and the NHL are said to be readying a joint bid for the regional sports networks (RSNs) bearing the Bally’s (NYSE:BALY) name. The Rhode Island-based casino operator does not own the RSNs. Rather, those assets are...
Viva Las Vegas Demand Trends, Analyst Likes Caesars, VICI Properties
For all the talk about high inflation and rising interest rates potentially stoking economic contraction, Las Vegas Strip demand trends are far from pricing in a recession. In a note to clients on Thursday, Macquarie analyst Chad Beynon points out that internet...
Bragg Gaming Stock Could Be Something to Boast About, Says Analyst
On Wednesday, Bragg Gaming Group (NASDAQ: BRAG) and Bally’s (NYSE: BALY) announced an iGaming content development pact. That could be one of multiple catalysts to spark the Canadian gaming technology provider’s long flailing shares. In a note to clients, Roth Capital analyst...
DraftKings Says ‘Up 10’ Promo Still Alive, Didn’t Necessarily Lose Money on It
Contrary to some media reports, DraftKings' "NFL Up 10" promotion isn’t dead. But the online sportsbook operator admitted the gambit resulted in payouts totaling $75 million through the first two weeks of the NFL season. Citing an unidentified source, a betting-related site...
