5449 stories by Todd Shriber
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...
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...
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...
Ohio, Profitability Among Investors’ 2023 Concerns Regarding Sports Betting Stocks
Today’s long-awaited launch of mobile sports wagering in Ohio and operators’ trek to profitability are among the marquee issues investors will be eyeing in 2023 when it comes to sports betting stocks. Ohio’s entry into the US sports betting fray is well-timed,...
Cathie Wood’s ARK Invest Adds $1.5 Million in DraftKings Stock
Cathie Wood’s ARK Investment Management remains bullish on DraftKings (NASDAQ:DKNG) stock, having added nearly 137,000 shares of the tumbling equity on Dec. 29. That purchase was valued at approximately $1.5 million based on the gaming equity’s Dec. 29 trading range. All of...
Gaming Stocks Among Culprits in 2022 Consumer Discretionary Weakness
Broadly speaking, 2022 was a rough year for gaming stocks, and much of that was attributable to those equities’ residence in the consumer discretionary sector. Entering Wednesday, the consumer cyclical sector accounted for 23% of the $8.2 trillion in market value shed...
DraftKings Could Be 2023 Small Stock Winner
Entering Thursday, DraftKings (NASDAQ: DKNG) stock was saddled with a 2022 loss of 59.77%, which dragged its market capitalization down to $4.99 billion. That’s at the lower end of mid-cap territory and a far cry from its previous market value high of...
