3112 stories by Todd Shriber
Publicly Traded Sports Betting Firm Could Go Private in 2023, Says Research Firm
Less than three years removed from a flurry of initial public offerings (IPOs) by companies with ties to the sports betting industry, it’s possible that at least one of those firms goes private this year. That’s the sentiment of research firm Eilers...
Sands Focusing on Nassau County in New York Casino Bid
Las Vegas Sands (NYSE: LVS) could focus its New York City-area casino efforts on Nassau County -- a densely populated area of western Long Island that borders the borough of Queens. Late Tuesday, New York opened the request for applications (RFA) process...
Fanatics Sells Candy Digital Stake Amid ‘Imploding’ NFT Market
Fanatics is divesting its 60% interest in non-fungible token (NFT) platform Candy Digital as prices for digital collectibles plunge. The sports apparel giant that’s fast approaching entry into the US online sports wagering market is selling its stake in Candy Digital to...
Casinos, Sports Betting Could See Favorable Odds in Georgia
Georgia, a state long coveted but not hospitable to gaming operators, could finally be warming to wagering expansion, including casinos and sports betting. That’s the sentiment of State Rep. Ron Stephens, a Savannah Republican, who told Georgia Public Broadcast (GPB) that the...
Sands, Wynn Propelled by Bank of America Price Target Boosts
Las Vegas Sands (NYSE: LVS) and Wynn Resorts (NASDAQ: WYNN) were two of Wednesday’s best-performing gaming equities. That's as the duo commanded another round of increased price targets from a sell-side analyst. In a note to clients on Wednesday, Bank of America...
Mattress Mack Plunks Down $1.5M on Plucky TCU Horned Frogs
The TCU Horned Frogs have one box left to check in a magical 2022 season: beating the heavily favored Georgia Bulldogs in the College Football Playoff (CFP) title game. And if they accomplish that goal, Jim McIngvale’s sports betting legacy will surely...
FanDuel, Fanatics Could be Among 2023’s Hottest IPOs
Owing to weak market conditions, there was an initial public offering (IPO) slump in 2022, but expectations are in place for a 2023 rebound. If that scenario materializes, the gaming space could be a driver of the resurgence, potentially on the backs...
Las Vegas Sands Seen Benefiting from China Easing COVID Restrictions
Few US companies are on par with Las Vegas Sands (NYSE: LVS) to reap rewards from China relaxing its zero-COVID policy, and Wall Street recognizes as much. In a report to clients on Tuesday, Wells Fargo analyst Daniel Politzer maintained an “overweight”...
VICI Properties Slotted as Top REIT Pick by Jefferies
VICI Properties (NYSE: VICI), the largest casino landlord, earned some sell-side praise to kick off 2023. In a note to clients on Tuesday, Jefferies analyst Jonathan Peterson anointed the real estate investment trust (REIT) a top pick for 2023, while placing a...
Wynn Resorts Starts 2023 Strong as Wells Fargo Upgrades Stock
Wynn Resorts (NASDAQ: WYNN) stock started 2023 on a strong note with the help of an upgrade from Wells Fargo analyst Daniel Politzer. In a note to clients, the analyst upgraded the Encore operator to “overweight” from “equal weight” while boosting his...
