5359 stories by Todd Shriber
Caesars Entertainment Among Hedge Funds’ Favorite Stocks
Shares of Caesars Entertainment (NASDAQ: CZR) are higher by 36.45% year to date, and that’s good news for all investors, including the slew of hedge funds that are long on the stock. Recent data released to clients by Bank of America indicates...
Bally’s Could Mull Sale of Online Sports Wagering Unit
Bally’s (NYSE: BALY) Bally Bet arm, which includes the operator’s portfolio of iGaming and online sports wagering assets, could consider a sale of the sports betting segment. That rumor recently appeared in a post on the Off Shore Gaming Association (OSGA) blog....
Bally’s Postpones Temporary Chicago Casino Debut to September
Bally’s (NYSE: BALY) is again delaying the debut of its temporary Chicago casino, telling analysts and investors the venue is projected to open its doors in September. The Rhode Island-based regional casino operator made that announcement in conjunction with its second-quarter earnings...
Red Rock Eyes Nov. 20 Debut for Durango Casino
Red Rock Resorts (NASDAQ: RRR) said it’s targeting Nov. 20 as the grand opening date of the Durango Casino & Resort in Southwest Las Vegas. The operator recently tested external lighting and signage at the venue, stoking speculation that the timeline to...
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...
Caesars Stock Remains Analyst Fave Despite Tepid Q2 Results
Caesars Entertainment (NASDAQ: CZR) didn’t knock the cover off the ball Tuesday with its second-quarter results. But the stock remains a gaming favorite of sell-side analysts. In midday trading on Wednesday, shares of the Horseshoe operator are lower by more than 4%,...
