5449 stories by Todd Shriber
Entain Forecasts Up To 25% Share of $32B North American iGaming, Sports Betting
Entain Plc (OTC:GMVHY), half owner of the BetMGM business, said at its Investor Day today it's aiming for 20 percent to 25 percent of the North American internet casinos and online sports wagering markets. The operator believes the market will eventually be...
DraftKings Nevada Entry Possible Following Golden Nugget Online Acquisition
DraftKings (NASDAQ:DKNG) could eventually make its long-awaited move into Nevada sports wagering following the purchase of Golden Nugget Online Gaming (NASDAQ:GNOG) announced earlier this week. On Monday, the sportsbook operator said it's acquiring Tilman Fertitta's online casino firm for $1.56 billion in...
DraftKings/Golden Nugget Deal Draws Mostly Positive Response from Analysts
On Monday, DraftKings (NASDAQ:DKNG) announced the acquisition of online casino operator Golden Nugget Online Gaming (NASDAQ:GNOG) for $1.56 billion in equity. It's DraftKings' largest purchase since becoming a freestanding public company in April 2020. It is being viewed as further confirmation of...
SciPlay Forms Committee to Consider Scientific Games Takeover Offer
Social casino developer SciPlay Corp. (NASDAQ:SCPL) said its board of directors formed a special committee to evaluate a takeover offer presented last month by former parent company Scientific Games (NASDAQ:SGMS). On July 15, Scientific Games offered to acquire the 19 percent of...
FanDuel Has 45% of US Online Sports Betting in Q2, Forecasts 2023 Profit
Flutter Entertainment (OTC:PDYPY) delivered results for the first half of 2021 today, providing separate data for its US operations for the first time. The numbers affirmed the strength of FanDuel in the US online sports wagering market. The UK-based company, which owns...
Caesars Tops Wynn on Bank of America Casino Stock List
Bank of America is reconfiguring its ratings on casino equities, and it's moving Caesars Entertainment (NASDAQ:CZR) ahead of Wynn Resorts (NASDAQ:WYNN) on the list. In a note to clients today, the bank upgrades the Caesars Palace operator to “buy” from “neutral,” while...
DraftKings Makes iGaming Splash, Buys Golden Nugget Online Gaming for $1.56B
DraftKings (NASDAQ:DKNG) is showing its commitment to the booming internet casino industry. The company announced today that it's acquiring Tilman Fertitta's Golden Nugget Online Gaming (NASDAQ:GNOG) for $1.56 billion in equity. News of the transaction, which comes about eight months after Golden...
Century Casinos Stock Rally Has More Catalysts, Says Analyst
Century Casinos (NASDAQ:CNTY) stock soared 22.12 percent this week after the regional gaming company easily surpassed second-quarter earnings and revenue estimates. That prompted at least one analyst to say there's more upside available with the already hot shares. The Colorado-based operator reported...
DraftKings Stock Pops Ahead of Earnings
DraftKings (NASDAQ:DKNG) is joining other gaming equities to the upside Thursday. That could be a sign market participants are expecting the company to deliver good news when it reports second-quarter results before the open of US markets tomorrow. In what will be...
Spruce Point Slams Genius Sports, Predicts Major Stock Downside
Spruce Point Capital Management, a money manager that specializes in short selling, has published a new report in which it skewers sports betting data provider Genius Sports (NYSE:GENI). It says the company could endure margin pressure and significant share price declines. On...
