4979 stories by Todd Shriber
DraftKings Among ARKK ETF Holdings with Big Upside Potential
Following a brutal 2022 in which it lost two-thirds of its value, the famed ARK Innovation ETF (NYSEARCA: ARKK) is on the mend in early 2023, surging 35.32% since the start of the year. There could be more gains in store for...
PlayAGS Announces Internet Slot Deal with DraftKings Casino
Gaming device manufacturer PlayAGS (NYSE:AGS) announced today it reached an agreement with DraftKings (NASDAQ:DKNG) to supply the gaming company with content for its internet slot offerings. Financial terms of the agreement weren’t disclosed. But the pact calls for PlayAGS to provide DraftKings...
MGM Grand Las Vegas Named World’s Largest Hotel Building
The MGM Grand Las Vegas isn’t just the largest casino in Sin City. It’s the largest individual hotel building in the world, according to the World Record Academy. The Academy, which logs a variety of business and personal records, notes MGM Grand...
Boyd Becomes Local Casinos Partner of Las Vegas Raiders
Boyd Gaming and the Las Vegas Raiders have a new partnership, announced Friday. The gaming company will become the exclusive and official local casino partner of the NFL franchise and its home field of Allegiant Stadium. The casino operator also gains “founding...
Regional Casino Stocks Could Prove Sturdy
Gaming equities of all stripes are performing well to start 2023. But regional casino stocks could be among the sturdier names as this year unfolds. As 2022 drew to a close, the investment community expressed fears that regional casinos would be pinched...
Boyd Gaming Pops After Earnings Beat, Price Target Hikes
Shares of Boyd Gaming (NYSE: BYD) surged Friday after the regional casino operator delivered fourth-quarter earnings that beat Wall Street estimates. That prompted a spate of upward price target revisions among analysts covering the company. Late Thursday, Las Vegas-based Boyd said it...
Oakland A’s Eyeing Two Strip Sites for Las Vegas Move
Following another round of meetings between team officials and Las Vegas business leaders, it’s clear the Oakland Athletics are eyeing two sites on the Strip should the team move to Sin City -- the fairgrounds owned by Circus Circus and the Tropicana....
ARK Invest Sees Sports Betting Swelling to $330 Billion in 2027
Cathie Wood’s ARK Investment Management is bullish on the future of US and Canadian sports wagering, forecasting massive growth for the industry over the next five years. In the asset manager’s 2023 “Big Ideas” report, ARK estimates that mobile/online sports wagering in...
Aruze Gaming Seeks Chapter 11 Bankruptcy Protection
Aruze Gaming, a manufacturer of electronic gaming devices for casinos, filed for Chapter 11 bankruptcy protection on Wednesday in the United States Bankruptcy Court for the State of Nevada. The maker of the Roll To Win Craps machines also said that US...
Penn Entertainment Q4 Earnings Miss Estimates, Barstool Sportsbook Turns Profitable
Shares of Penn Entertainment (NASDAQ: PENN) slumped Thursday after the regional casino operator reported fourth-quarter results that missed Wall Street projections. However, a bright spot was its Barstool Sportsbook unit turning profitable in the final three months of 2022. The Ameristar operator...
