5449 stories by Todd Shriber
Twitch Updating Betting Policies, Takes Aim at Foreign Internet Casinos
Streaming platform Twitch said today it will update its policy on betting on Oct. 18, taking aim at companies based outside the US that offer dice games, roulette, and slot machines. The company, a unit of Amazon (NASDAQ:AMZN), said its current policy...
Penn Entertainment Stock Supported by Regional Casinos
As the parent company of Barstool Sportsbook and other digital gaming enterprises, Penn Entertainment (NASDAQ:PENN) is often discussed through the lens of online gaming. But one analyst encouraged investors to place more emphasis on the company’s land-based casinos. In a note to...
September Football Hold Setting Up Well for Books, Says Analyst
September football hold for sportsbook operators is setting up nicely, with upsets predictably playing a big part in that equation. In sports wagering, “hold” refers to what sportsbook operators keep as a percentage of every dollar bet. In simple terms, it’s what...
Circa Survivor Pool Further Pared Thanks to Bungling Cincinnati Bengals, Cleveland Browns
Thanks to upsets that victimized a trio of AFC North teams, the roster of Circa Survivor participants still “on the island” following week two of the 2022 NFL season is significantly lower than it was at the start of Sunday’s games. After...
Genting Could Support Struggling Macau Concessionaire
In the days since Genting Malaysia surprised the gaming industry by revealing its application for a Macau gaming license, the prevailing wisdom among analysts is that the company won’t be successful in beating an established incumbent. That doesn’t mean the unit of...
Genius Sports Stock Could Get NFL Lift, Says Analyst
The 2022 NFL season is in full bloom, and Wall Street expects that to be a catalyst for sportsbook equities. Football could also bring needed relief for technology and data providers, such as Genius Sports (NYSE: GENI). Shares of the sports betting...
Marina Bay Sands, RWS Rates Soar as Singapore Waits on F1 Race, Investment Confabs
With Singapore welcoming back major investment conferences and Formula 1, room prices in the city-state are soaring, and that’s benefiting the two integrated resorts there. Room rates at Marina Bay Sands (MBS) and Resorts World Sentosa are soaring in advance of the...
Casino REITs a Standout in Real Estate Sector
Due in large part to rising interest rates, the real estate sector is sagging. But casino real estate investment trusts (REITs) are shining bright amid a challenging macroeconomic environment. The widely followed FTSE Nareit Equity REITs Index is down 20.31% year-to-date. But...
PointsBet, WynnBET Drop NFL Ad Spending
NFL fans watching games on television this year may notice PointsBet and WynnBET are absent from the fray of sportsbook advertisers. Both companies declined to renew “approved sportsbook operators” status with the league for the 2022 season. Last year, PointsBet and WynnBET...
Wynn Stock Has Double Potential, Says Analyst
Wynn Resorts (NASDAQ:WYNN) was Thursday’s best-performing casino stock, surging 7.48% on volume that was more than double the daily average. That's after an analyst said the shares can nearly double. In a note to clients today, Credit Suisse analyst Benjamin Chaiken restarted...
