5082 stories by Todd Shriber
NBA Takes Equity Stake in Sportradar in Data Agreement
The NBA and Sportradar (NASDAQ:SRAD) have agreed to a new accord under which the NBA, Women’s National Basketball Association (WNBA), and NBA G League will allow the sports betting data provider to exclusively market the leagues' data to sportsbooks. Under the terms...
Cooperman’s Omega Advisors Buys Las Vegas Sands Stock
Omega Advisors, the hedge fund controlled by financier Leon Cooperman, added shares of downtrodden Las Vegas Sands (NYSE:LVS) stock in the third quarter. The largest domestic gaming company by market capitalization, LVS was one of 10 new positions added by Omega during...
Disney BetESPN Plans Could Stoke Rush Street Interactive Rumors, Says Analyst
It's widely known the Walt Disney Company (NYSE:DIS) wants to leverage its ESPN unit to establish prominence in the online sports betting (OSB) space. It's speculated that those ambitions could lead the entertainment giant to mull a takeover of PointsBet (OTC:PBTHF) or...
IGT Sees 2022 Revenue Up to $4.3B, Reveals Buyback Plan, iGaming Spin-Off Possible
International Game Technology (NYSE:IGT) said it expects 2022 revenue of $4.1 billion to $4.3 billion -- a forecast that is on the high side tops Wall Street's outlook of $4.2 billion. The gaming device manufacturer delivered that top-line guidance at its virtual...
Bragg Gaming Announces Strategic Review as Stock Sags
Canadian gaming technology provider Bragg Gaming Group (NASDAQ:BRAG) announced today it's deploying a strategic review as its share price flails, despite what the company describes as impressive quarterly results. Bragg provides internet casino and sportsbook technology services to gaming operators via its...
MSCI Index Boots SJM, Wynn Macau from Hong Kong Benchmark
Macau casino operators SJM Holdings and Wynn Macau are leaving the MSCI Hong Kong Index at the end of November. The index provider made the announcement as part of its recently completed semi-annual index review. SJM and Wynn Macau are the only...
DraftKings Extends Slump as UBS Forecasts Bigger Losses, No Profitability Until 2024
DraftKings (NASDAQ:DKNG) stock is extending recent bearishness Monday, after UBS forecast larger losses and a longer time line to profitability for the sports wagering company. In a note to clients today, the bank pared its price target on DraftKings to $44. While...
MGM Stock Correction Could Be Buying Opportunity, According to Charts
Once-hot MGM Resorts International (NYSE:MGM) stock is mired in a slump. But if historical trends repeat, the recent slide could prove to be a buying opportunity. Shares of the largest operator on the Las Vegas Strip are off 1.11 percent today, extending...
Caesars Stock Worth Almost $200 a Share, Says Analyst
It's up more than 37 percent year-to-date and currently residing around $105. But Caesars Entertainment (NASDAQ:CZR) stock -- one of Wall Street's most favored gaming names -- is deeply discounted relative to its potential upside, according to one analyst. In a note...
Wynn Resorts Ends Sports Bet SPAC Deal, Notes High Customer Acquisition Costs
Wynn Resorts (NASDAQ:WYNN) and special purpose acquisition company (SPAC) Austerlitz Acquisition Corp. I (NYSE:AUS) are ending a plan to merge the shell company with Wynn Interactive. That would have paved the way for that business to go public. The casino operator said...
