5082 stories by Todd Shriber
Atlanta Falcons’ Calvin Ridley Suspended for 2022 Season for Wagering on NFL Games
Atlanta Falcons wide receiver Calvin Ridley will miss at least the entirety of the 2022 NFL season after the league suspended him for betting on games in 2021. In a statement announcing the suspension, the NFL calls it “indefinite” and does not...
DraftKings Staking Polygon Rewards, Shares Slump on Analyst Downgrade
DraftKings (NASDAQ:DKNG) is moving further into the cryptocurrency space, announcing today it will stake digital assets to support the Polygon blockchain network. But shares of the gaming company are sliding due to an analyst downgrade. Today, the Boston-based online sportsbook operator said...
Century Casinos ‘Incredibly Cheap’ Compared to Peers, Says Analyst
Century Casinos (NASDAQ:CNTY) delivers fourth-quarter results tomorrow, and ahead of that report, an analyst is waxing bullish on the small-cap regional casino operator. In a note to clients, Stifel analyst Jeffrey Stantial reiterates a “buy” rating on Century, while boosting his price...
BetMGM Enters Illinois Just in Time for Mobile Betting Registration
BetMGM, one of the largest iGaming and online sportsbook operators in the US, announced today it's accepting sports wagers in Illinois. The news arrives as the already thriving regulated sports betting market in the sixth-largest state is waiving its in-person registration requirement....
iGaming Stocks Nearing Bottom, RSI Preferred Idea, Says Analyst
Internet casino and sports wagering equities are being walloped this year. But a bottom could be near for iGaming stocks, and there's a clear way to play a potential rebound, according to one analyst. In a new note to clients, Roth Capital...
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...
Fanatics Raises $1.5B, Valuing Company at $27B
Investors are fanatical about Fanatics, as they recently pumped $1.5 billion into the sports merchandise maker, valuing the aspiring gaming company at $27 billion. The latest funding round for Michael Rubin's privately held company included existing investors as well as BlackRock, Fidelity,...
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...
