4980 stories by Todd Shriber
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...
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...
DraftKings Headlines List of Early 2022 Short Covering Candidates
DraftKings (NASDAQ:DKNG) is limping into year-end. The online sportsbook operator shed nearly a quarter of its value over the past month. But there might be hope for the downtrodden stock early in the new year. Short covering could boost DraftKings in early...
NFL Week 16 Betting Activity Slumps, Says Morgan Stanley
Week 16 NFL betting activity declined significantly relative to the prior four weeks, catching sportsbook operators and some market observers by surprise. GeoComply sports betting data aggregated by Morgan Stanley indicates year-over-year growth in NFL handle was just 58 percent. Growth is...
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...
Caesars Stock Among Most Loved Names Heading Into 2022
With just a few trading sessions left in 2021, Caesars Entertainment (NASDAQ:CZR) is higher by almost 27 percent year-to-date, putting the stock mostly inline with the S&P 500. However, when the closing bell on 2021 sounds, investors may be left pondering what...
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...
