4981 stories by Todd Shriber
DraftKings Earnings Could Be Ugly, Says Analyst
DraftKings (NASDAQ:DKNG) steps into the third-quarter earnings confessional Friday before the open of US markets. At least one analyst says investors should gird for a less-than-stellar update from the online sportsbook operator. In a note to clients earlier this week, Roth Capital...
Caesars Stock Tipped as Tapering Play
Caesars Entertainment (NASDAQ:CZR) stock could be one way for investors to deal with the Federal Reserve scaling back and ultimately ending its bond-buying program. That scenario, also known as tapering, is now a foregone conclusion. The central bank recently said it will...
Golden Entertainment Mulling Shareholder Rewards, Analyst Lifts Price Target
Golden Entertainment (NASDAQ:GDEN) reported third-quarter earnings yesterday, handily topping Wall Street estimates. The company also floated the idea of increasing shareholder rewards, possibly including a dividend. The Strat owner reported earnings per share of 91 cents on sales of $282.42 million. Analysts...
MGM In Early Talks to Sell Mirage Operating Rights, Suitor List Likely Long
MGM Resorts International (NYSE:MGM) confirmed on its third-quarter earnings conference call Wednesday that it has commenced the sale process for the Mirage on the Las Vegas Strip. That brings an end to long-running speculation about the fate of the integrated resort. The...
AGS, NeoGames Could Lead Gaming Tech Q3 Earnings Beats
Third-quarter earnings season is well underway, and analysts are forecasting impressive reports from gaming technology firms and device manufacturers. Everi Holdings (NYSE:EVRI) got that ball rolling today, reporting earnings per share of seven cents on sales of $168.3 million. Wall Street expected...
Scientific Games Stock Handed Downgrade After Sizzling Run
Following a torrid pace that's seen the slot machine manufacturer's shares nearly double this year, Scientific Games (NASDAQ:SGMS) stock is contending with a downgrade today. In a note to clients, Stifel analyst Jeffrey Stantial lowers his rating on the gaming technology company...
Caesars Eyeing Las Vegas Strip Asset Sale in Early 2022, Says CEO Tom Reeg
Long-running scuttlebutt regarding when Caesars Entertainment (NASDAQ:CZR) will sell a property on the Las Vegas Strip could morph from chatter to reality early next year. Amid a flurry of high profile Strip asset sales this year, including the Venetian and Sands Convention...
Esports Technologies Seeking Betting Exchange Patent
Esports Technologies (NASDAQ:EBET), a provider of esports wagering platforms and related technologies, has filed a patent for a new esports betting exchange. The Las Vegas-based company is angling to bring esports betting to a wider audience in the US. Currently, Esports Technologies'...
IGT Wins Rights for Marilyn Monroe Lottery Tickets, Scores iGaming Deal
International Game Technology (NYSE:IGT) is extending a brisk pace of adding new business, as the slot machine manufacturer said it's adding fresh iGaming and lottery accords to its portfolio. Late Monday, IGT said it notched a multi-year licensing agreement with Authentic Brands...
DraftKings Stock Slumps Following Tepid Morgan Stanley Call
DraftKings (NASDAQ:DKNG) stock is tumbling Tuesday after Morgan Stanley resumed coverage of the online sportsbook operator with a lukewarm assessment. In a note to clients today, analyst Thomas Allen restarts coverage of DraftKings with an “equal-weight” grade and a price target of...
