5081 stories by Todd Shriber
Golden Entertainment Downgraded as M&A Catalysts Wane
Analyst says Golden unlikely to engage in near-term mergers and acquisitions Strat weakness could weigh on second-quarter earnings Shares of Golden Entertainment (NASDAQ: GDEN) slid Wednesday after an analyst downgraded the stock, citing softness at the Strat and declining likelihood of near-term...
Genius Sports, Sportradar ‘Secular Winners,’ Says Analyst
Data providers are preferred ways for playing sports betting boom Analyst says duopoly status is a long-term catalyst Two of this year’s best-performing stocks arrive courtesy of companies that don’t run internet or land-based casinos, and they don’t book sports bets. Proving...
PredictIt Lifts Limit on Political Trades in New CFTC Agreement
Prediction market operator boosts contract limit to $3,500 Scraps limit on number of traders per contract Prediction markets operator PredictIt announced Tuesday it reached a new agreement with the Commodities Futures Trading Commission (CFTC), paving the way for the company to increase...
Churchill Downs Acquiring Majority Stake in New Hampshire Casino
Company says it's buying majority interest in Casino Salem Venue opened last week with expansion slated for the coming months Churchill Downs (NASDAQ: CHND) said today it notched agreements to acquire a majority equity interest in Casino Salem -- a gaming venue...
Maverick Gaming Files for Chapter 11 Bankruptcy Protection
Filing comes after Washington State casino, card-room operator sought 2024 debt restructuring Company has total assets and liabilities of $100 million to $500 million Maverick Gaming, a privately held regional casino and card-room operator, filed for Chapter 11 bankruptcy protection on Monday....
DraftKings Said to Be in Talks to Buy Prediction Market Firm Railbird
Rumor surfaces three months after DraftKings pulled prediction markets application DraftKings has history of using acquisitions to enter new arenas Rival FanDuel is said to have had partnership talks with Kalshi DraftKings (NASDAQ: DKNG) is rumored to be in discussions regarding a...
Gabelli Says It’s Time to Bet on Caesars Stock
Gabelli Funds chairman is constructive on Caesars Expects cash flow “turnaround” He remains bullish on Golden Entertainment, too Mario Gabelli, the chairman and chief executive officer of Gabelli Funds, has a lengthy history of investing in gaming stocks. Add Caesars Entertainment (NASDAQ:...
Flutter Buying Boyd FanDuel Stake Valuing Sportsbook at $31B
Flutter Entertainment to buy Boyd Gaming’s 5% FanDuel stake for $1.75 billion That implies FanDuel is worth $31 billion The price tag is about 25% of Boyd’s current market cap Shares of Boyd Gaming (NYSE: BYD) closed higher by 1.50% and continued...
Caesars Sportsbook Launches Universal Digital Wallet in Nevada
Operator brings universal wallet functionality to Nevada Move could enhance convenience for bettors, but there’s a catch Caesars Sportsbook announced Thursday that the mobile application now has a universal digital wallet for bettors in Nevada, meaning clients from other states can wager...
Meta Tightens Betting Ad Standards on Facebook, Instagram
Betting companies advertising on the social media platforms must now fill out more paperwork, show state gaming licenses New standards apply to all ads pertaining to any real money games Meta Platforms is tightening its standards for online betting advertisements that run...
