5532 stories by Todd Shriber
Macquarie: The Stock Divide Between Online Casinos and Sportsbooks is Widening
Q1 results highlight a widening performance gap between iGaming and sportsbook operators Market momentum strongly favors online casino stocks over sports betting peers Current stock volatility is being fueled by trader sentiment rather than fundamental changes With gaming industry first-quarter earnings season...
Jefferies: Monarch Casino Sees Attractive M&A Environment
Analyst claims M&A could be “most likely avenue” for growth for operator after discussions with management Monarch management sees deep pool of potential opportunities The operator is frequently attached to takeover rumors, but hasn’t made a deal Monarch Casino & Resort (NASDAQ:...
JP Morgan: MGM Stock Volatility Could Increase Post-Caesars Takeover
Analysts warn that an acquired Caesars would concentrate capital and heighten trading volatility for rival MGM A successful buyout would eliminate one of the few pure-play public options left for investing in Las Vegas Strip real estate The rumored premium being offered...
JPMorgan: Potential Caesars-Fertitta Merger Could Force Vegas Casino Sale
JP Morgan suggests overlapping operations could force the sale of either Caesars' Flamingo or Fertitta’s Golden Nugget Regulatory hurdles are expected to compel asset sell-offs stretching far beyond the Las Vegas Strip JPMorgan estimates that shedding wholly owned properties could generate up...
DraftKings CFO Sees ‘Huge’ Opportunity in Prediction Markets, Strength in Core Biz
CFO Ellingson downplayed investor anxiety over the costs of entering the prediction market space DraftKings reassures the market that its primary sportsbook business continues to show sustained strength The executive highlighted that DraftKings Predictions is designed to directly support and integrate with...
Tema Eyes Prediction Market Expansion with New ETF Filing
Tema’s new ETF takes a bold, infrastructure-first approach to prediction markets Tema’s ETF focuses on the 'picks and shovels' of the prediction market world. Tema’s active management strategy aims to outpace the prediction market trend Tema ETFs, an upstart issuer of exchange...
Trump Bets on DraftKings and Red Rock in Financial Portfolio Shakeup
Trump’s Q1 disclosures reveal a strategic push into gaming, with new stakes in DraftKings and Red Rock Resorts. The President didn't just buy; he aggressively trimmed his holdings, offloading several legacy gaming positions. The massive filing tracks more than 3,600 individual transactions,...
DraftKings Hit with ‘Sell’ Rating on ‘Dramatic’ Prediction Markets Threat
BNP Paribas initiated coverage of DraftKings with an equivalent of a “sell” rating Analyst Charlie Muir-Sands cites the prediction markets threat He’s the only sell-side analyst to rate the gaming stock a “sell” DraftKings (NASDAQ: DKNG) eked out a small gain today...
Caesars Stock Bounces on News Banks Are Arranging Financing for Fertitta Takeover
The Financial Times suggests banks are working on up to $5 billion in financing Fertitta would use to acquire Caesars Entertainment That’s in addition to an equity component of as much as $3 billion Morgan Stanley is reportedly one of those banks...
Better Markets: ‘Hard to Believe’ Supreme Court Wants CFTC to Regulate Sports Betting
Better Markets asserts that the PASPA repeal made sports wagering a states’ rights issue, leaving no room for federal intervention The group accuses the CFTC of attempting to regulate sports betting while "excluding the experience and expertise" of state-level regulators The public...
