4982 stories by Todd Shriber
Everi, PlayAGS Supported by Strong Tailwinds, Says Analyst
Casino equities are in an extended rough patch. But some analysts see opportunities among gaming suppliers, such as Everi Holdings (NYSE:EVRI) and PlayAGS (NYSE:AGS). In a note to clients today, B. Riley analyst David Bain reiterates “buy” ratings on both slot machine...
Casino Stocks Reeling on Emergence of New COVID-19 Strain
Gaming equities are tumbling in Friday's abbreviated trading session, as investors fret about the impact of a new strain of the coronavirus discovered in South Africa. Currently known as B.1.1.529, the variant is stoking fears of hyper-mutations and increased resistance to vaccines....
ARK Invest Buys More DraftKings, Genius Sports as Stocks Stumble
Shares of DraftKings (NASDAQ:DKNG) and Genius Sports (NYSE:GENI) are on miserable runs. But at least one well-known investor is using the dips in those names to buy more of the downtrodden equities. Cathy Wood's ARK Investment Management, which has been a devoted...
Regulatory Woes, Coronavirus Vaxx Key 2022 Issues for Some Casino Centers, Says Fitch
Casino hubs facing regulatory headwinds and strict coronavirus vaccination policies could have headwinds in 2022. That's while regions that have higher vaccination rates and those making due with the pandemic should see smoother sailing in the new year. Broadly speaking, the global...
Genius Sports Plunges Despite Q3 Revenue Growth, Higher Top Line Forecast
Shares of Genius Sports (NYSE:GENI) are probing new lows Tuesday. That's after the sports betting data provider reported a wider-than-expected third-quarter loss, prompting investors to overlook revenue growth and guidance for the remainder of 2021. In midday trading, Genius is off 27.43...
MGM Stock Earns Tepid View from Morgan Stanley, Bank Points to Sports Betting Risk
MGM Resorts International (NYSE:MGM) stock is trading lower Tuesday after Morgan Stanley analyst Thomas Allen restarted coverage of the casino giant with an “equal-weight” rating. Allen, one of the most widely followed gaming analysts on Wall Street, sets a $51 price target...
Accel Entertainment Says It Will Repurchase up to $200M of Stock
Accel Entertainment (NYSE:ACEL), one of the largest distributed gaming operators in the US, said today it will buyback up to $200 million worth of its own shares. News of the repurchase program is lifting Accel stock, sending it higher by nearly 3.3...
FanDuel, Genius Sports Broaden Partnership to Include NFL Data
FanDuel and Genius Sports (NYSE:GENI) are expanding their previously established relationship to include NFL data. Under the terms of the new agreement, Genius will provide official sportsbook, media content, and NFL advertising inventory to FanDuel. FanDuel, a unit of Flutter Entertainment (OTC:PDYPY),...
Las Vegas Sands Leads Macau Stock Rally as Border Talk Gains Momentum
Las Vegas Sands (NYSE:LVS) is leading a Monday resurgence in Macau gaming stocks, as some analysts are turning slightly bullish on the beaten-down group. That's amid speculation the China/Hong Kong border could soon reopen. Should that border reopen, it could pave the...
DraftKings Stock Could Be Vulnerable to Rising Rates, Says Goldman Sachs
Downtrodden DraftKings (NASDAQ:DKNG) stock could be pinched by rising interest rates next year, according to Goldman Sachs. This year, the Federal Reserve surprisingly accelerated its time line for increasing borrowing costs. Fed funds futures are now pricing in with almost 100 percent...
