5402 stories by Todd Shriber
DraftKings Tumbles Despite Strong EBITDA, Addressable Market Forecasts
DraftKings (NASDAQ:DKNG) is being taken to the woodshed today, even after the gaming company's investor day revealed encouraging long-term earnings before interest, taxes, depreciation and amortization (EBITDA) and total addressable market forecasts. Shares of the online sportsbook operator are lower by 8.65...
MGM to Repurchase $2B Worth of its Own Stock
MGM Resorts International (NYSE:MGM) announced Wednesday that its board of directors approved a new $2 billion share repurchase plan. That marks one of the largest shareholder rewards programs in the gaming industry since the start of the coronavirus pandemic. The virus outbreak...
SciPlay Acquires Mobile Games Developer Alictus
Social casino developer SciPlay Corp. (NASDAQ:SCPL) is bolstering its lineup of mobile game offerings through the acquisition of Alictus, a Turkish creator of casual games. Under the terms of the deal, Las Vegas-based SciPlay is paying $100 million in cash for 80...
DraftKings Anointed Top Gaming Pick by Morgan Stanley
It's not doing much to move the stock, but DraftKings (NASDAQ:DKNG) is garnering some support today in the form of bullish analyst commentary. Morgan Stanley highlights the daily fantasy sports (DFS) and online sportsbook giant as its top pick in its gaming...
Apollo Looking to Merge Yahoo! Sports with Sportsbook Operator
Apollo Global Management (NYSE:APO) is reportedly holding early stage talks about merging Yahoo! Sports with a sports wagering company. CNBC reported the news earlier today, citing unidentified sources that say the private equity company is discussing a possible transaction with Australia’s PointsBet...
Las Vegas NBA Rumor Heating Up, Pundit Says LeBron James Could Be Involved
This is supposed to be the year in which Las Vegas learns its fate as a potential home of an NBA franchise. While an official announcement from the league hasn't materialized, one pundit believes the association's marriage with the US casino center...
IGT Stock Tumbles Despite Solid 2022 Outlook
Shares of International Game Technology (NYSE:IGT) are plunging Tuesday. That's despite the slot machine manufacturer issuing first-quarter and full-year guidance that, at the high end of the ranges, exceeds consensus estimates. In midday trading, IGT stock is lower by 15.12 percent on...
Bally’s Downgraded as Analyst Sees Investment Cycle Trying Investor Patience
Shares of Bally's (NYSE:BALY) are trading lower to start the week after an analyst downgraded the casino operator. In a note to clients today, Jefferies analyst David Katz lowered his rating on the Rhode Island-based gaming company to “hold” from “buy,” while...
IGT Selling Italian Payments Unit for $788M
International Game Technology (NYSE:IGT) announced today its IGT Lottery S.p.A. is selling its Italian proximity payment business to PostePay S.p.A. -- Patrimonio Destinato IMEL -- for $788.31 million. IGT's board of directors approved the transaction, which is slated to close in the...
Golden Entertainment Graduates to Small-Cap Index
Golden Entertainment (NASDAQ:GDEN) is earning a notable equity index promotion, as the stock is heading toward the S&P SmallCap 600 Index. Standard & Poor's (S&P), one of the largest providers of equity benchmarks, made the announcement after the close domestic markets last...
