2618 stories by Todd Shriber
Disney CEO Chapek Says Sports Betting Announcement in the Works
One of the most burning questions in the sports wagering industry is when Walt Disney (NYSE:DIS) will make its long-awaited arrival in the space. Today, CEO Bob Chapek shed some light on the topic, but didn’t reveal a hard and fast time...
Stacey Abrams Betting on Casinos, Sports Wagering to Boost Georgia Gubernatorial Bid
Georgia Democrat gubernatorial nominee Stacey Abrams is betting on casinos and regulated sports wagering as part of her bid to defeat incumbent Republican Gov. Brian Kemp. On Tuesday, Abrams said if elected, she’d leverage government receipts from gaming to broaden access to...
DraftKings Pares Ad Spending, But Will It Last?
DraftKings (NASDAQ:DKNG) stock is higher by 16.40% over the past week -- a surge fueled largely by the company lifting its 2022 revenue outlook while cutting its full-year earnings before interest, taxes, depreciation and amortization (EBITDA) estimate. Perhaps to the delight of...
Red Rock to Double Las Vegas Presence by 2030, Analysts Bullish
Shares of Red Rock Resorts (NASDAQ:RRR) are trading higher today after the casino operator delivered what analysts are calling strong second-quarter results. But the big story is the operator’s plan to double its Las Vegas footprint by 2030. Red Rock is already...
Wynn Whimpers on Macau Results, But US Casinos Set Records
Shares of Wynn Resorts (NASDAQ:WYNN) are retreating in extended trading Tuesday. That's after the gaming company reported second-quarter revenue that missed Wall Street forecasts. The Encore operator posted a non-GAAP loss of 82 cents a share on revenue of $908.8 million from...
Circa Sports Hosting Football Betting Panel Featuring Shaun King, Brian Urlacher
In advance of the 2022 football season, Circa Sports is hosting its third annual “Circa Football Preview.” The event features a variety of sports wagering experts and personalities, as well as some retired NFL players. The betting panel is part of Circa’s...
AGS Stock Cheap with Double Potential
Shares of slot machine manufacturer AGS (NYSE:AGS) are trading higher today. That's after the company reported second-quarter earnings before interest, taxes, depreciation and amortization (EBITDA) that beat Wall Street estimates. While the stock is up 28.27% off its July lows, some analysts...
DraftKings Rallies, But Wood’s ARK Invest Trims Stake
Cathie Wood’s ARK Investment Management rang the register on some of its DraftKings (NASDAQ:DKNG) stake on Monday. After spending the first half of 2022 faltering, the stock is higher by 44.66% over the past month, providing investors with a decent opportunity to...
MGM Named Top Thematic Idea by Citi
Shares of MGM Resorts International (NYSE:MGM) are up more than 16% over the past month. That's prompted some analysts to opine the stock is building second half momentum. In a report out today, Citi previews its top thematic ideas for the back...
DraftKings Faces Second Half Spending Tests
DraftKings (NASDAQ:DKNG) is sparking some confidence among investors following elevated 2022 revenue guidance. And perhaps more importantly, a reduced full-year earnings before interest, taxes, depreciation and amortization (EBITDA) loss estimate. Some analysts believe reduced losses and some online sportsbook operators flirting with...
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