5082 stories by Todd Shriber
Regulatory Woes, Coronavirus Vaxx Key 2022 Issues for Some Casino Centers, Says Fitch
Casino hubs facing regulatory headwinds and strict coronavirus vaccination policies could have headwinds in 2022. That's while regions that have higher vaccination rates and those making due with the pandemic should see smoother sailing in the new year. Broadly speaking, the global...
Genius Sports Plunges Despite Q3 Revenue Growth, Higher Top Line Forecast
Shares of Genius Sports (NYSE:GENI) are probing new lows Tuesday. That's after the sports betting data provider reported a wider-than-expected third-quarter loss, prompting investors to overlook revenue growth and guidance for the remainder of 2021. In midday trading, Genius is off 27.43...
MGM Stock Earns Tepid View from Morgan Stanley, Bank Points to Sports Betting Risk
MGM Resorts International (NYSE:MGM) stock is trading lower Tuesday after Morgan Stanley analyst Thomas Allen restarted coverage of the casino giant with an “equal-weight” rating. Allen, one of the most widely followed gaming analysts on Wall Street, sets a $51 price target...
Accel Entertainment Says It Will Repurchase up to $200M of Stock
Accel Entertainment (NYSE:ACEL), one of the largest distributed gaming operators in the US, said today it will buyback up to $200 million worth of its own shares. News of the repurchase program is lifting Accel stock, sending it higher by nearly 3.3...
FanDuel, Genius Sports Broaden Partnership to Include NFL Data
FanDuel and Genius Sports (NYSE:GENI) are expanding their previously established relationship to include NFL data. Under the terms of the new agreement, Genius will provide official sportsbook, media content, and NFL advertising inventory to FanDuel. FanDuel, a unit of Flutter Entertainment (OTC:PDYPY),...
Las Vegas Sands Leads Macau Stock Rally as Border Talk Gains Momentum
Las Vegas Sands (NYSE:LVS) is leading a Monday resurgence in Macau gaming stocks, as some analysts are turning slightly bullish on the beaten-down group. That's amid speculation the China/Hong Kong border could soon reopen. Should that border reopen, it could pave the...
DraftKings Stock Could Be Vulnerable to Rising Rates, Says Goldman Sachs
Downtrodden DraftKings (NASDAQ:DKNG) stock could be pinched by rising interest rates next year, according to Goldman Sachs. This year, the Federal Reserve surprisingly accelerated its time line for increasing borrowing costs. Fed funds futures are now pricing in with almost 100 percent...
Playtech Receives Third Offer, Aristocrat Facing Increasing Competition in Takeover
Gaming technology provider Playtech landed another takeover offer courtesy of JKO Play Ltd., a consortium led by former Formula One team owner Eddie Jordan. All told, Playtech, which makes software for internet casinos, web-based poker rooms, and online sports wagering, has three...
Another Sports Betting ETF Debuts
Amid ongoing enthusiasm for sports wagering equities, particularly among younger retail investors, a new exchange traded fund (ETF) addressing the segment is here. The iBET Sports Betting & Gaming ETF (NASDAQ: IBET) debuted Tuesday, becoming the second ETF dedicated to iGaming and...
DraftKings, FanDuel Set Sights on Nevada Entry
DraftKings (NASDAQ:DKNG) and FanDuel, two of the largest domestic online sportsbook operators, are reportedly attempting to reenter Nevada. They have pending sports wagering permit applications before the state's Gaming Control Board (NGCB). Earlier today, PlayUSA reported that a public records request reveals...
