5402 stories by Todd Shriber
Inspire Entertainment Could Inspire Stock Gains Amid Takeover Activity
Among gaming equities, Inspired Entertainment (NASDAQ:INSE) isn't getting much attention this year. But recent performance and other factors indicate that should change. Last week, Flutter Entertainment said it's acquiring Italy’s online gaming platform Sisal for $2.2 billion. Some analysts believe that deal...
Sports Betting Advertising On Torrid Expansion Pace
Data confirms sportsbook operators aren't shy about spending money to lure bettors, providing windfalls for advertising agencies and media outlets in the process. The gaming industry, including regulated sports wagering, spent $488 million on advertising between November 2020 and November 2021, according...
DraftKings, Penn National On Goldman Sachs List of Potential 2022 Winners
DraftKings (NASDAQ:DKNG) and Penn National Gaming (NASDAQ:PENN) -- two of this year's most repudiated gaming equities -- could be big winners in 2022, according to Goldman Sachs. The bank recently published a list of 40 stocks with average upside potential of 45...
DraftKings NFT Plans Spur Interest in Cryptocurrency Polygon
DraftKings' (NASDAQ:DKNG) recently announced non-fungible token (NFT) plans are stoking increasing interest in Polygon, a previously unheralded cryptocurrency. In July, the sportsbook operator announced the creation of DraftKings Marketplace, which features “curated NFT drops and supports secondary-market transactions.” At that time, DraftKings...
Las Vegas Sands Stock Beaten Up, But Inexpensive
Down 35.25 percent year-to-date, Las Vegas Sands (NYSE:LVS) is one of 2021's most downtrodden gaming stocks. But some market observers believe it's a name that can't be ignored. Amid coronavirus travel restrictions and regulatory concerns in Macau -- the operator's largest market...
Flutter Could Use FanDuel Cash for More Deals, Fox Still in Way
Fresh off the $2.2 billion purchase of Italy's Sisal announced last week, Flutter Entertainment (OTC:PDYPY) could be on the prowl for more acquisitions. Capital is needed for deals, and an effective avenue for generating that cash is via the much-ballyhooed spin-off, which...
Wynn Resorts CEO Matt Maddox Sells Some Stock Ahead of Departure
Soon-to-be-former Wynn Resorts (NASDAQ:WYNN) CEO Matt Maddox is trimming his equity stake in the casino operator ahead of his departure. On Wednesday, Maddox sold 20,000 shares of Wynn stock at a price of $90.08, hauling in $1.8 million in proceeds, according to...
Scientific Games Soars After Dropping SciPlay Takeover
Shares of Scientific Games (NASDAQ:SGMS) are soaring Thursday after the company said it's abandoning its effort to acquire social casino developer SciPlay Corp. (NASDAQ:SCPL). In July, Scientific Games offered an 11 percent premium to acquire the 19 percent of SciPlay it doesn't...
Macau Casino Stocks Rally as Report Indicates Six Licenses to Be Renewed
Las Vegas Sands (NYSE:LVS) and Wynn Resorts (NASDAQ:WYNN) are among Macau casino stocks rallying today. That's after a report from the Gaming Inspection, and Coordination Bureau (DICJ) indicates the upcoming license renewal process in the world's largest gaming hub will result in...
Casino REITs Seen as Winning Real Estate Plays for Investors
Casino real estate investment trusts (REITs) represent just a sliver of the expansive real estate sector. But some investors are bullish on gaming landlords. Today, the universe of gaming REITs is comprised of just three companies -- Gaming and Leisure Properties (NASDAQ:GLPI),...
