5316 stories by Todd Shriber
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...
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...
DraftKings, FanDuel Reportedly Bidding for The Athletic
DraftKings (NASDAQ:DKNG) and rival FanDuel are among the companies reportedly bidding for The Athletic after talks with other media outlets fell apart. The Athletic is a subscription-based sports media entity backed by investors including Courtside Ventures, Founders Fund, and Powerhouse Capital. It...
Sportradar Lands Exclusive Betting Data Accord with UEFA
Sportradar (NASDAQ:SRAD) announced today it has inked an agreement with the Union of European Football Associations (UEFA). The pact calls for Sportradar to be the federation's exclusive data provider for the UEFA Champion's League, UEFA European Championships and other football (soccer) competitions....
