5402 stories by Todd Shriber
DraftKings Stock Encounters Key Support Areas
DraftKings (NASDAQ: DKNG) was one of the brightest stories among gaming equities in 2023. But a 7.89% decline this month has the stock flirting with some important support levels. After unveiling unveiling strong 2024 forecasts and on the back of constructive commentary...
Caesars, MGM Preferred Picks as Las Vegas GGR Soars, Says Analyst
With the good times rolling on the Las Vegas Strip, Caesars Entertainment (NASDAQ: CZR) and MGM Resorts International (NYSE: MGM) could be winning equity ideas for investors in 2024. That’s the take of Macquarie analyst Chad Beynon. In a new report to...
Sportsbook Operators Boosted Ad Spending During Football Season
Not surprisingly, U.S. sportsbook operators increased advertising expenditures during the ongoing 2023 football season. From Sept. 1 through Dec. 26, sports betting advertising spending on television jumped 10% to $237.8 million, according to estimates from EDO Ad EnGage. The research firm did...
NBA Approves Dallas Mavericks Sale, Team to Remain in Texas, Says Cuban
On Wednesday, the NBA Board of Governors confirmed the sale of a controlling interest in the Dallas Mavericks to the families of Dr. Miriam Adelson and Sivan and Patrick Dumont. Adelson is the widow of Las Vegas Sands (NYSE: LVS) founder Sheldon...
HG Vora Demands Penn Entertainment Board Seats as Shares Disappoint
HG Vora, a hedge fund with a track record of investing in casino equities, has built an 18.5% stake in Penn Entertainment (NASDAQ: PENN) and is requesting that the gaming company grant it board seats. In a new 13D filing with the...
New York Casinos Could Rival Las Vegas Strip, Says Light & Wonder Exec
The gaming revenue generated by just three New York City-area casinos could rival or surpass levels seen on the Las Vegas Strip. That’s the take of Howard Glaser, global head of government affairs at Light & Wonder. Glaser’s view on the matter...
Full House Opens Chamonix, Newest Colorado Casino Hotel
Full House Resorts (NASDAQ: FLL) opened its highly anticipated Chamonix Casino Hotel in Cripple Creek, Colo. on Wednesday. Along with American Place in Waukegan, Ill., Chamonix, named for the French Alps community near the Italy and Switzerland borders, is expected to be...
Golden Entertainment Could Use Route Sale Cash to Boost Pahrump Casinos
In March of this year, Golden Entertainment (NASDAQ: GDEN) announced the sale of its distributed gaming operations in Montana and Nevada to privately held J&J Ventures Gaming. That transaction, which was recently approved by Nevada gaming regulators, garnered a price tag of...
Genius Sports Tagged with Outperform Rating at Macquarie
Sports betting data provider Genius Sports (NYSE: GENI) closed modestly higher Thursday on above-average volume after the stock earned some sell-side praise. In a new report to clients, Macquarie analyst Chad Beynon initiated coverage of the stock with an “outperform” rating and...
Las Vegas Sands Added to Deutsche Bank Fresh Money List
Las Vegas Sands (NYSE: LVS) was added to Deutsche Bank’s “Fresh Money List” for the first quarter of 2024. It is a group of stocks on which the research firm has high convictions entering the new year. The largest casino operator by...
