5136 stories by Todd Shriber
DraftKings, FanDuel Miss Out on The Athletic
DraftKings (NASDAQ:DKNG) and FanDuel are two of the most obvious rivals in the daily fantasy sports (DFS) and sports wagering industries. Both are missing out on a coveted media asset. The New York Times Co. (NYSE:NYT), owner of the eponymous newspaper, is...
Fanatics Reportedly Mulled PointsBet Acquisition, Passed on Deal
Fanatics has a well-documented desire to enter the sports wagering arena. It may have held takeover talks with Australia's PointsBet (OTC:PBTHF), before ultimately deciding against the deal. Two unidentified sources tell the New York Post that about a year ago, Fanatics was...
MGM Stock Named ‘High Conviction’ Reopening Idea by Credit Suisse
MGM Resorts International (NYSE:MGM) stock is getting a boost today. That's after Credit Suisse named the largest operator on the Las Vegas strip one of its top four reopening trade ideas for 2022. In a note to clients today, analyst Benjamin Chaiken...
Golden Nugget Plans $5.55 Billion in Bond Sales
Golden Nugget, the land-based casino business controlled by billionaire businessman Tilman Fertitta, could sell $5.55 billion worth of corporate bonds to refinance previously issued debt at more favorable terms. The gaming operator will reportedly sell $1.85 billion worth of seven-year leveraged loans...
Everi, PlayAGS Have Star Potential Among Gaming Supplier Stocks
Amid what could be a robust slot machine replacement cycle, the 2022 prospects for gaming supplier equities, namely Everi Holdings (NYSE:EVRI) and PlayAGS (NYSE:AGS), appear strong in the eyes of at least one analyst. In a note to clients today, B. Riley...
Craig-Hallum Trims Targets on Six Gaming Stocks, Including DraftKings, Penn National
Craig-Hallum analyst Ryan Sigdahl is out with a broad commentary on gaming stocks today, trimming price targets on six names. While the analyst isn't overtly bearish on the stocks, he's paring price outlooks on six companies – all of which have ties...
Codere Online Has Massive Upside Potential, Says Analyst
Internet casino and online sports wagering firm Codere Online (NASDAQ:CDRO) is coming off its best day as a standalone publicly traded company, and is catching the attention of at least one analyst. While sell-side coverage of the gaming name remains sparse in...
Fanatics Acquires Topps for $500 Million, Eyes Trading Card Dominance
Fanatics hasn't produced its own trading cards as of yet. But the company continues making waves in the space, announcing today it's acquiring Topps Sports & Entertainment. The buyer is reportedly paying $500 million for the venerable baseball card, or more than...
Commodities Futures Trading Comm. Hits Polymarket with $1.4M Penalty Over Swaps
Polymarket, an internet-based marketplace that allows users to bet on events ranging from cryptocurrency prices to economic data to coronavirus case counts, was slapped with a $1.4 million fine by the Commodities Futures Trading Commission (CFTC). The fine stems from allegations the...
IAC/Interactive Could Make Waves with MGM Stake in 2022
This could be the year of interesting happenings in the relationship between Barry Diller’s IAC/InterActiveCorp (NASDAQ:IAC) and MGM Resorts International (NYSE:MGM), according to some analysts. In a note to clients today, JPMorgan analysts Cory Carpenter and Doug Anmuth restart coverage of the...
