4982 stories by Todd Shriber
Yahoo Boosts Social Gaming Presence with Wagr Buy
In an effort to further solidify its already expansive fantasy sports footprint and potentially expand further into sports wagering, Yahoo announced Tuesday it's acquiring Wagr, a peer-to-peer sports betting app. Financial terms of the transaction, which has already closed, weren’t disclosed. Privately...
Caesars Stock Slump, ‘Unwarranted’ Shares Can More than Double, Says Analyst
Shares of Caesars Entertainment (NASDAQ: CZR) are off nearly 17% over the past 90 days, but at least one analyst says that could be a chance for investors to get involved with the stock. In a note to clients on Tuesday, B....
DraftKings Stock Has Tailwinds, but Valuation Stretched Says Analyst
It’s peeling back today, joining the broader market to the downside, but DraftKings (NASDAQ: DKNG) is on a scintillating run to start 2023. A 10.10% gain over the past week has shares of the gaming equity higher by 88.30% year to date....
Penn Entertainment Revamps Loyalty Program
Penn Entertainment is altering its customer loyalty platform, replacing the mychoice program with PENN Play to reflect the regional casino operator’s evolving business mix. The program has 26 million members, according to the Pennsylvania-based gaming company. PENN Play gives participants more ways...
A’s Vegas Move Seen Lifting Local Casinos More Than Strip Rivals
The Oakland Athletics are on their way to Las Vegas, and that move will likely benefit local casino operators more than Strip counterparts. That’s the thesis of CBRE analyst John DeCree, who in a new report to clients, highlights Red Rock Resorts...
GAN Procures Needed Refinancing, Slashing Interest Expenses
Gaming technology provider GAN Ltd. (NASDAQ: GAN) landed much-needed refinancing with some creditors -- moves that will enable the battered firm to realize significant savings on annual interest expenses. GAN creditor Beach Point Capital is waiving certain defaults and covenants under its...
Oakland A’s, Red Rock Resorts Close to Las Vegas MLB Stadium Pact
The Oakland Athletics and Red Rock Resorts are reportedly nearing an accord. That would pave the way for the construction of a $1 billion baseball stadium in Las Vegas near Allegiant Stadium. The Nevada Independent broke the story late Thursday, reporting that...
Monarch Casino & Resort Q1 Results Solid, Analyst Sees Upside Catalysts
Despite weather challenges in Reno, Monarch Casino & Resort (NASDAQ: MCRI) posted strong first-quarter financial results, prompting at least one analyst to highlight positives in the regional casino operator’s story. The Atlantis Reno operator reported first-quarter adjusted earnings before interest, taxes, depreciation,...
Fanatics Sportsbook Could Be Live in 12-15 States by Start of 2023 Football Season
Newly minted Fanatics Sportsbook could be live in as many as 15 states by the start of the 2023 football season, according to founder and CEO Michael Rubin. He made those remarks earlier today at the Sports Business Journals World Congress of...
International Game Technology Could Be Jackpot for Investors, Says Analyst
Investors don’t need to play slots to hit jackpots, but they can benefit from vibrancy ascribed to gaming device manufacturers International Game Technology (NYSE: IGT) and Light & Wonder (NASDAQ: LNW). That’s the sentiment of B. Riley analyst David Bain who initiated...
