5402 stories by Todd Shriber
Chanos Shorts DraftKings, Calls Business Model Flawed, Still Bearish on Wynn Resorts
Citing frothy valuations, Kynikos Associates founder Jim Chanos is betting against some high growth stocks, including a pair of gaming names. In an interview with CNBC, Chanos said he's been short DraftKings (NASDAQ:DKNG) for most of this year, while reiterating that Kynikos...
Caesars Among Corrected Stocks with Most Upside Potential
Caesars Entertainment (NASDAQ:CZR) is following other gaming equities lower as of late, as fears about the spread of the COVID omicron variant punish travel and leisure names. But the casino operator could be offering significant upside as well. To be sure, once...
Oakland A’s Reportedly Bidding for Las Vegas Stadium at Tropicana
Las Vegas could be on the brink of pilfering another professional sports franchise from Oakland. A report has surfaced that the Oakland Athletics (A's) are bidding for a stadium at the site of the Tropicana Las Vegas Hotel and Casino. CNBC's Contessa...
Scientific Games Acquires ELK Studios to Boost iGaming Platform
In an effort to bolster its iGaming content portfolio, Scientific Games (NASDAQ:SGMS) is acquiring European games developer ELK Studios. Financial terms of the transaction weren't disclosed. The deal is part of Scientific Games' ongoing effort to become a player in the fast-growing...
GAN Sees Value in Battered Stock, Reveals $5 Million Share Buyback
Gaming technology provider GAN Ltd. (NASDAQ:GAN) said its board of directors approved a $5 million share repurchase program. That could be a sign the company sees value in its downtrodden stock, which lost nearly a third of its value last month alone...
MGM Stock Beloved by Retail Investors
MGM Resorts International (NYSE:MGM) stock is a favorite among retail investors, and that could be a catalyst for upside in the casino giant's shares, according to one research firm. UBS recently noted that there are correlations between stocks adored by smaller investors...
Super Group Draws Praise Ahead of SPAC Deal Closing
Sports Entertainment Acquisition Corp. (NYSE:SEAH), the special purpose acquisition company (SPAC) merging with Betway parent Super Group, is earning kudos from a sell-side. That indicates there's some enthusiasm for what's likely to be one of the fourth quarter's largest blank-check deals. In...
Codere Online Finalizes SPAC Deal, Debuts as Public Company Wednesday
Internet casino and online sports wagering firm Codere Online has completed its merger with special purpose acquisition company (SPAC) DD3 Acquisition Corp. II (NASDAQ:DDMX). That sets the stage for the operator to become a standalone publicly traded entity on Wednesday, Dec. 1....
Goldman Sachs Likes Las Vegas Sands, Few Others Feel Same Way
Investors looking for contrarian ideas among gaming equities have a veritable buffet to choose from at the moment. But Goldman Sachs highlights a single idea in the group: Las Vegas Sands (NYSE:LVS). The Wall Street bank recently published a list of out-of-consensus...
DraftKings Insiders Buy as Stock Tumbles
DraftKings (NASDAQ:DKNG) is mired in a lengthy slump, having shed nearly a quarter of its value over the past month. But some insiders are buying the dip. Filings with the Securities and Exchange Commission (SEC) indicate several DraftKings directors recently purchased $2.6...
