4979 stories by Todd Shriber
PlayAGS Poised to Gain Slot Machine Market Share
Gaming device manufacturer PlayAGS (NYSE: AGS) reported third-quarter earnings before interest, taxes, depreciation, and amortization (EBITDA) that beat Wall Street estimates. And, while the stock is sliding on Wednesday, some analysts remain upbeat on the shares. In a note to clients, Stifel...
Penn Entertainment Not Cheap, Pipeline Risks Linger, Says Analyst
Penn Entertainment (NASDAQ: PENN) stock isn’t particularly inexpensive relative to its peers, and the operator’s recently announced spending plans pose some risks. Those are the sentiments of Roth Capital analyst Edward Engel, who, in a note to clients Tuesday, reiterated a “hold”...
Full House Sees Waukegan Temp Casino Open in January, Chamonix Mid-2023
The Full House Resorts (NASDAQ: FLL) investment thesis revolves largely around the operator’s new casino pipeline. Those efforts, including American Place in Waukegan, Ill. and Chamonix in Cripple Creek, Colo., are taking shape and could pay dividends as soon as next year....
Mirage Operations Shifting to Hard Rock in December, Analyst Forecasts Two-Year Closure
Hard Rock International is slated to assume operations at the Mirage next month, taking the reins from MGM Resorts International (NYSE: MGM). Hard Rock, the gaming arm of the Seminole Tribe of Florida, announced last December it purchased the operating rights to...
DraftKings Endures Spate of Bearish Price Target Revisions
Monday was the first trading day following DraftKings’ (NASDAQ:DKNG) issuance of disappointing 2023 guidance. Sell-side analysts took the opportunity to slash price targets on the sportsbook operator. The week started with at least seven analyst paring price objectives on shares of the...
‘Mattress Mack’s’ $75M Astros Haul Seen Imperiling Q4 Sportsbook Profitability
Jim “Mattress Mack” McIngvale won a cool $75.7 million when the Houston Astros clinched the World Series last Saturday. That haul could ensure some sportsbook operators won’t be profitable in the fourth quarter. The Gallery Furniture founder was the largest single-event liability...
Pala Casino to Sponsor California NASCAR Race, Driver Buescher
Pala Casino Spa Resort -- a Southern California tribal gaming venue -- will serve as the title sponsor for the 2023 NASCAR Cup Series race at Auto Club Speedway in Fontana, Calif. That race will be held next February and will be...
Microsoft Acquisition of Activision on Brink Amid Regulatory Scrutiny
Microsoft’s (NASDAQ:MSFT) planned $68.7 billion acquisition of video game publisher Activision Blizzard (NASDAQ:ATVI), which was announced in January, could be on the brink of collapse from intensifying antitrust scrutiny. Unidentified sources close to the matter told the New York Post insiders at...
ARK Invest Loads Up On DraftKings as Stock Suffers Worst One-Day Loss Ever
Cathie Wood’s ARK Investment Management has added to its previously established stake in DraftKings (NASDAQ:DKNG) in significant fashion, as the stock was suffering its worst intraday loss on record last Friday. Shares of the sportsbook operator plunged 27.82% on volume that was...
Fox Scores Victory in FanDuel Litigation, Wins Right to Buy 18.6 Percent Stake for $3.72B
A ruling revealed earlier today by New York’s Judicial Arbitration and Mediation Services (JAMS) in Fox Corp.’s (NASDAQ:FOXA) favor paves the way for the media company to acquire 18.6% of FanDuel. The decision, which ends long-running litigation brought by Fox against FanDuel...
