5402 stories by Todd Shriber
DraftKings, FanDuel Miss Out on The Athletic
DraftKings (NASDAQ:DKNG) and FanDuel are two of the most obvious rivals in the daily fantasy sports (DFS) and sports wagering industries. Both are missing out on a coveted media asset. The New York Times Co. (NYSE:NYT), owner of the eponymous newspaper, is...
MGM Stock Named ‘High Conviction’ Reopening Idea by Credit Suisse
MGM Resorts International (NYSE:MGM) stock is getting a boost today. That's after Credit Suisse named the largest operator on the Las Vegas strip one of its top four reopening trade ideas for 2022. In a note to clients today, analyst Benjamin Chaiken...
Golden Nugget Plans $5.55 Billion in Bond Sales
Golden Nugget, the land-based casino business controlled by billionaire businessman Tilman Fertitta, could sell $5.55 billion worth of corporate bonds to refinance previously issued debt at more favorable terms. The gaming operator will reportedly sell $1.85 billion worth of seven-year leveraged loans...
Everi, PlayAGS Have Star Potential Among Gaming Supplier Stocks
Amid what could be a robust slot machine replacement cycle, the 2022 prospects for gaming supplier equities, namely Everi Holdings (NYSE:EVRI) and PlayAGS (NYSE:AGS), appear strong in the eyes of at least one analyst. In a note to clients today, B. Riley...
Craig-Hallum Trims Targets on Six Gaming Stocks, Including DraftKings, Penn National
Craig-Hallum analyst Ryan Sigdahl is out with a broad commentary on gaming stocks today, trimming price targets on six names. While the analyst isn't overtly bearish on the stocks, he's paring price outlooks on six companies – all of which have ties...
Commodities Futures Trading Comm. Hits Polymarket with $1.4M Penalty Over Swaps
Polymarket, an internet-based marketplace that allows users to bet on events ranging from cryptocurrency prices to economic data to coronavirus case counts, was slapped with a $1.4 million fine by the Commodities Futures Trading Commission (CFTC). The fine stems from allegations the...
IAC/Interactive Could Make Waves with MGM Stake in 2022
This could be the year of interesting happenings in the relationship between Barry Diller’s IAC/InterActiveCorp (NASDAQ:IAC) and MGM Resorts International (NYSE:MGM), according to some analysts. In a note to clients today, JPMorgan analysts Cory Carpenter and Doug Anmuth restart coverage of the...
Elys Game Technology Drops Canada Stock Listing
Elys Game Technology (NASDAQ:ELYS), a gaming technology provider, delisted its Canada-traded shares. The decision comes nearly a year to the day that the sports betting and interactive gaming technology company announced a listing on Canada's NEO Exchange. That exchange, which drives about...
Okada Manila Pursuing Philippines Equity Listing
Okada Manila, the Philippines integrated resort controlled by Universal Entertainment Corp., is looking to list shares in that market. Its plan to do so appears remarkably close to a previously announced effort to list the stock in New York. Earlier this week,...
Penn National Could Be High Beta Redemption Story, Says JPMorgan
Penn National Gaming (NASDAQ:PENN) stock is languishing through a forgettable 2021. With just one trading day left in the year, the shares are off 43.19 percent year-to-date, and reside almost 64 percent below the 52-week high. But some market observers believe 2022...
