5034 stories by Todd Shriber
Caesars Stock Could Be a Double in the Making
Caesars Entertainment (NASDAQ: CZR) stock lost nearly two-thirds of its value year-to-date and needs to more than triple to reclaim its 52-week high. Despite those ominous statistics, some market observers believe there’s considerable upside potential in shares of the Harrah’s operator. The...
Sports Bettors Likely to Spend Big this Fall, Survey Says
The percentage of Americans engaging in sports wagering and fantasy sports where money is involved is relatively low. But, those bettors are big spenders, according to a new LendingTree survey. In a poll covering Americans’ broader sports-related spending habits, the financial services...
Casino Stocks Primed for Third-Quarter Earnings Beats
The third quarter was a forgettable one for casino stocks, as the group shrunk alongside the broader market. But those declines could belie a strong batch of earnings. With the arrival of the fourth quarter, so comes a new earnings season. Some...
Musk Twitter Feud Has Hollywood Feel, Gaming Ties
Elon Musk’s efforts to acquire Twitter (NYSE:TWTR) that's turned into a refusal to follow through with the deal is generating Hollywood-level drama. It's happening while highlighting previously overlooked ties to the gaming industry. A Bloomberg article out Friday indicates Hollywood agent Ari...
Genting Malaysia Pursuit of Macau License Seen as Credible
Earlier this month, Genting Malaysia stunned the gaming industry by entering Macau’s upcoming retendering process. While the special administrative region’s (SAR) update to gaming laws makes room for six concessionaires -- the current number operating there -- Genting’s pursuit of a Macau...
Colorado Dems Quash Effort to Examine Gov. Jared Polis’ Ties to Sports Betting Industry
Colorado’s bipartisan Legislative Audit Committee wasn’t so bipartisan Wednesday, when it voted 4-4 along party lines. The vote opted not to examine whether or not Gov. Jared Polis’ (D-CO) business interests, potentially including ownership of a gaming stock, allowed him to personally...
Tekkorp Asking Investors for Extension as it Scrambles to Enter Illinois
Special purpose acquisition company (SPAC) Tekkorp Digital Acquisition (NASDAQ: TEKK) is asking investors to vote in favor of an extension proposal at an upcoming shareholder meeting. That action would give the blank-check firm more time to complete a business combination. The Las...
DraftKings Lauded by Previously Bearish Research Firm
DraftKings' (NASDAQ: DKNG) stock was endorsed today by Hedgeye -- a research firm that was previously overtly bearish on the gaming company’s shares. In a note to clients on Thursday, Hedgeye analysts Todd Jordan and Sean Jenkins highlight favorable fundamentals for DraftKings,...
BetMGM Customer Says Access to Winnings Denied, Company Exploited His Habit
Sam Antar is suing BetMGM, claiming the online gaming company denied him access to his winnings while enticing him to remain a customer with bonuses. He claims the company was preying on his compulsive wagering habit in the process. In litigation filed...
Deutsche Bank Bullish on US Sports Wagering Growth
In an expansive 47-page report, Deutsche Bank has sounded an optimistic tone on the state of the US regulated sports wagering market. The report forecast August gross gaming revenue (GGR) of $510 million for domestic sportsbook operators. Assuming it’s accurate, that August figure...
