4173 stories by Todd Shriber
Gaming Stock Degradation ‘Overkill,’ Upside Available, Says B. Riley Analyst
Amid escalating fears that a recession is either here or soon will be, gaming stocks are among the most repudiated fare on Wall Street. But some analysts believe the group is enduring overly harsh punishment. In a note to clients today, B....
DraftKings, Penn National Offer Big Upside Potential, Says Analyst
In new, sweeping coverage of gaming equities, JMP Securities analyst Jordan Bender highlights downtrodden DraftKings (NASDAQ:DKNG) and Penn National Gaming (NASDAQ:PENN) as two of the stocks offering investors significant upside potential. Bender’s calls on DraftKings and Penn arrive with gaming stocks out...
Playtika Selling Controlling Stake to Joffre Capital
Technology buyout fund Joffre Capital is acquiring a controlling interest in mobile gaming company Playtika (NASDAQ:PLTK) from majority investor Playtika Holding UK II Limited (PHUK II). Joffre is paying PHUK II $21 a share for a 20% stake in Playtika -- a...
MGM Extends Branding Accord with Macau Unit
MGM China has reached an agreement MGM Resorts International (NYSE:MGM) to continue using one of the gaming industry’s most recognizable brands. The Chinese entity is the Macau arm of the Las Vegas-based gaming behemoth and operates MGM Cotai and MGM Macau in...
MLB Could Waive Relocation Fee to Spur A’s Las Vegas Move
In a bid to speed along the team’s potential move to Las Vegas, Major League Baseball (MLB) is reportedly mulling waiving a hefty relocation fee for the Oakland Athletics. Citing sources with knowledge of the situation, the New York Post broke the...
BetMGM Becomes BetQL Network Sportsbook Partner
BetMGM is adding another media partnership to its portfolio, announcing today it’s the official sportsbook of the BetQL Network. The BetQL Network is the sports betting content arm of Audacy, which is one of the dominant sports radio station operators in the...
Casino Stocks at Risk as Consumer Confidence, Spending Wanes
Casino stocks are flailing this year, and that scenario could worsen, as inflation weighs on consumer spending. Some experts say that’s already happening. Citing a 0.3% drop in retail sales in May -- and a dismal University of Michigan consumer sentiment report...
Fanatics Wins Initial Approval for Maryland Sportsbook
In another sign that its sports betting entry is imminent, Fanatics last week was granted preliminary approval for a brick-and-mortar sportsbook in Maryland. The Maryland Lottery and Gaming Control Commission (MLGCC) unanimously voted in favor of the move at its June meeting...
Barstool’s David Portnoy Lashes Out at Supreme Court Following Roe Decision
Barstool Sports founder David Portnoy laid into the Supreme Court today following the controversial decision to overturn Roe v. Wade, making abortion an issue to be decided at the state level. In a video posted to Twitter earlier today in which he...
Circa Owner Derek Stevens Latest Gaming Exec to Express Inflation Concerns
Downtown Las Vegas casino owner Derek Stevens is the latest gaming executive to sound a warning bell on inflation and a possible recession. In Thursday comments before the Nevada Gaming Commission (NGC) the owner of Circa, the D, the Golden Gate, and...
