4982 stories by Todd Shriber
Rush Street Interactive Uses Social Casino to Enter Canada
Rush Street Interactive (NYSE:RSI) is leveraging its social casino brand, CASINO4FUN, to enter the Canadian market. The gaming company said it plans to roll out live money online casinos and sportsbooks in Canada in the months ahead. For now, the free-to-play online...
Genting Pours Another $150M into Resorts World Catskills Parent
Genting Malaysia is allocating another $150 million to Empire Resorts, the financially ailing unit that controls one of the operator's New York casinos. In a recent filing with Malaysian securities regulators, Genting said it agreed to another round of financing for the...
Domestic Gaming Equities Preferable to Macau Fare, Says Research Firm
At this point, it's stating the obvious. But domestic gaming equities are the way to go over Macau equivalents, according to one research firm. Price action confirms as much. Year-to-date, two of the worst-performing gaming names are Las Vegas Sands (NYSE:LVS) and...
Melco Resorts Stock Seen as Attractive Despite Disappointing Golden Week
Golden Week was a dud for Macau casino operators, as stricter coronavirus protocols kept many travelers at bay. But some analysts believe Melco Resorts & Entertainment (NASDAQ:MLCO) can be a comeback story. Melco stock has been more than cut in half from...
Sharp Alpha Advisors Closes $10M Venture Fund, Seeds 11 Sports Betting Startups
Sharp Alpha Advisors said its first investment vehicle -- Sharp Alpha Fund I -- raised $10 million and was oversubscribed, indicating robust demand. Sharp Alpha Advisors is a venture capital firm focusing on iGaming and sports wagering investments. New York-based Sharp Alpha...
MGM Stock Underappreciated, Could Soar 53 Percent, Says Credit Suisse
MGM Resorts International (NYSE:MGM) is the largest operator on the Las Vegas Strip, and the shares are up 41 percent year-to-date. But one analyst is making the case the stock isn't adequately appreciated. In a note to clients today, Credit Suisse analyst...
DraftKings Hit with Rare ‘Sell’ Rating as Roth Capital Prefers Penn, Rush Street Interactive
Wall Street analysts are broadly bullish on DraftKings (NASDAQ:DKNG) stock. But Roth Capital's Edward Engel is among the dissenting voices. In new coverage of multiple gaming names today, the analyst tags DraftKings with a “sell” rating and a $41 price target. That...
Scientific Games Lottery Unit Could Be Valued at $6B in Australian IPO
Scientific Games (NASDAQ:SGMS) is getting closer to an Australian initial public offering (IPO) of its SG Lottery unit, and the business could fetch a higher valuation than previously expected. Reports suggest SG Lottery will be valued at 15x earnings, potentially giving the...
Blackstone Rumored to Be Suitor for Star Sydney Sale-Leaseback Deal
Private equity behemoth Blackstone (NYSE:BX) is rumored to be mulling a sale-leaseback transaction involving Star Entertainment Group's the Star Sydney integrated resort. That rumor surfaced prior to today's tumble in shares of the Australian casino operator amid allegations that it facilitated money...
Sportradar Lands Slew of Bullish Ratings as Analysts Start Coverage
Sportradar (NASDAQ:SRAD) is about a month removed from its initial public offering (IPO), so it's time for analysts to start covering the name. And they are doing just that in broadly bullish fashion. At least a dozen sell-side analysts initiated coverage of...
