5215 stories by Todd Shriber
Tom Brady Retirement Could Have Implications for DraftKings
Tampa Bay Buccaneers quarterback Tom Brady, likely the greatest player of all-time at football's marquee position, announced his retirement today. But there could be implications for DraftKings (NASDAQ:DKNG) in that news. In social media posts announcing his retirement, Brady said he's “excited...
Full House Selling $100M in Notes to Fund Temporary Illinois Casino
Full House Resorts (NASDAQ:FLL) said it's selling $100 million worth of senior secured notes to fund a temporary casino in Waukegan, Ill. The notes, which mature in 2028, are being sold in a private debt offering and represent an add-on to a...
Caesars Still a Buy, Could Land $2B in Strip Asset Sale, Says Analyst
Caesars Entertainment (NASDAQ:CZR) stock is trading higher today after a sell-side analyst issued bullish comments on the name, despite a 21 percent slide this month. In a note to clients, Jefferies analyst David Katz reiterates a “buy” rating on the Harrah's operator....
Rush Street Interactive Enters Mexico Through Grupo Multimedios Deal
Rush Street Interactive (NYSE:RSI) is entering the Mexican online casinos and sports wagering market through a deal with media giant Grupo Multimedios. Financial terms of the agreement weren't disclosed. But RSI said it's a 25-year accord and that it will be working...
Regional Gaming Stocks Bottom Nearing, Says Analyst
Buoyed by government stimulus and pent-up demand, regional gaming stocks were industry leaders following the coronavirus market collapse in 2020 and into 2021. But as those catalysts waned, so did enthusiasm for the stocks. One analyst believes a bottom could be near....
Some Playtech Investors Support Aristocrat Takeover, JPMorgan Forecasts Deal Collapse
A pair of major Playtech (LSE:PTEC) investors are voicing support for Aristocrat Technologies' $2.8 billion takeover offer for the gaming software company. But JPMorgan analysts say the deal is heading for failure. Abrdn Plc and TIG Advisors LLC, which own a combined...
Bally’s Has Big Plans for Tropicana Las Vegas, Demolition Possible
Bally's (NYSE:BALY) is planning significant changes at Tropicana Las Vegas when it comes to its acquisition of that venue. The buyer could even knock the history-rich casino-resort down and start over. In an interview with the Las Vegas Review-Journal, Bally's Chairman Soo...
Genius Sports Forecasts 2022, 2023 Profitability, Significant Revenue Increases
Genius Sports (NYSE:GENI) is hosting its investor day today, and in advance of that event, the sports betting data provider offered up bullish profitability and revenue forecasts for this year and 2023. The company said it expects revenue of $340 million this...
Wynn Could Generate 20 Percent ROI on $2B UAE Project
On Tuesday, Wynn Resorts (NASDAQ:WYNN) surprised many in the gaming industry when it revealed plans for an integrated resort on Al-Marjan Island in the United Arab Emirates, a region not synonymous with casino gaming. But it could be a lucrative endeavor for...
DraftKings Soars Amid Hope Morgan Stanley Upgrade Marks Bottom
DraftKings (NASDAQ:DKNG) ranks as one of Wednesday's best-performing gaming equities. It rose on hopes that an upgrade from Morgan Stanley analyst Thomas Allen marks an end to a long-running slide for the online sportsbook operator. In a note to clients today, Allen...
