5402 stories by Todd Shriber
DraftKings Notches First Profitable Quarter, Could Repeat Feat in Q4
Shares of DraftKings (NASDAQ: DKNG) spiked in Thursday’s after-hours trading session after the online sportsbook operator delivered its first profitable quarter as a public company. The Boston-based company said its non-generally accepted accounting principles (non-GAAP) earnings per share in the second quarter...
FanDuel, DraftKings, Bet365 Leading Apps for In-Game Betting
When it comes to in-game or live betting in the US, three sportsbook operators are separating themselves from the pack: FanDuel, DraftKings, and Bet365. That's according to new rankings released Thursday by research firm Eilers & Krejcik Gaming (EKG). Secret shoppers employed...
DraftKings Positioned to Beat Q2 Estimates, Says Stifel Analyst
With the stock up a staggering 165.5% year-to-date, DraftKings (NASDAQ: DKNG) is heading towards arguably its most important earnings report as a public company. The only sportsbook operator is scheduled to deliver second-quarter results on Thursday after the close of US markets...
Cohen Turns to Former New York Pol for Queens Casino Advice
New York Mets owner Steve Cohen is tapping former New York State Budget Director Robert Mujica for counsel in his efforts to bring a casino to the area near Citi Field. Mujica left that post last November to oversee the financial oversight...
International Game Technology a Value Bet, Says Analyst
Shares of International Game Technology (NYSE: IGT) are higher by 42.64% year to date, but that scintillating run doesn’t imply a lack of value. Following a second quarter in which the company’s gaming and lottery units displayed clear momentum, some analysts are...
FOX Bet Officially Bites the Dust
It’s official. News Corp (NASDAQ: NWSA) and Flutter Entertainment (OTC: PDYPY) pulled the plug on FOX Bet. Speculation to that effect surfaced last week and the two companies made it official with a press statement issued Sunday. Flutter Entertainment and Fox Corp....
Churchill Downs to Restart Racing at Namesake Track in September
After moving its spring meet following the deaths of 12 horses, Churchill Downs (NASDAQ: CHDN) announced Monday it will restart racing at its eponymous Kentucky racetrack in September. Racing will restart at Churchill Downs in Louisville, Ky. on September 14 after it...
FOX Bet Looks Like Latest US Sports Wagering Death, Closure Said to Be Imminent
FOX Bet could become the latest casualty of the ultra-competitive US sports wagering landscape and its official obituary could be penned as soon as next Monday. Citing unidentified sources with knowledge of the matter, Bloomberg reported News Corp (NASDAQ: NWSA) and Flutter...
Boyd Gaming Q2 Earnings Mixed, Analysts Remain Bullish
Shares of Boyd Gaming (NYSE: BYD) slipped Friday following a tepid second-quarter earnings report that saw the regional casino operator misses consensus estimates calling for earnings per share of 7 cents. However, sell-side analysts remain bullish on the Orleans operator. There were...
MGM, UK Gaming Companies May Be Eyeing Kindred Takeover
Though the gains of have been erased, shares of Kindred Group (OTC: KNDGF) surged early in Friday’s trading session amid speculation that MGM Resorts International (NYSE: MGM) is mulling a takeover of the Swedish gaming company. Referencing a Betaville alert, which cited...
