4983 stories by Todd Shriber
DraftKings Stock Top Idea Amid Football Spark, Market Share Gains, Says Loop Capital
DraftKings (NASDAQ:DKNG) stock lands another endorsement today, as Loop Capital says the gaming name remains a top pick on the back of momentum created by the arrival of football season and increasing market share. In a note to clients Monday, the research...
NeoGames Stock Decline Belies Potentially Favorable Setup
NeoGames (NASDAQ:NGMS) stock is down 10.65 percent over this month, and off 51 percent from its 52-week high. But at least one sell-side analyst is saying that selloff is a case of too much, too soon, and believes shares of the iLottery...
Scientific Games Lottery IPO in Australia Inching Closer to Reality
Scientific Games (NASDAQ:SGMS) is reportedly moving closer to listing its lottery business in Australia in an initial public offering (IPO). That could be worth as much as $5 billion. SG Lottery provides the systems used to generate Mega Millions and Powerball tickets....
Wynn Macau Gets $1.5B Loan, But Two Analysts Downgrade Wynn Stock
Amid a week of regulatory upheaval that battered its shares, Wynn Macau procured a $1.5 billion credit revolver. But that didn't prevent two analysts from downgrading the US parent, Wynn Resorts (NASDAQ:WYNN). In a Friday filing to the Hong Kong Stock Exchange,...
US iGaming, Sports Betting Could Hit $40B if 50 States Join Party
In one of the biggest forecasts to date on internet casino and sports betting revenue, Eilers & Krejcik Gaming estimates that figure could ascend to $40 billion if all 50 states join the live and legal fray. As of the end of...
DraftKings Director Shalom Meckenzie Continues Dumping Stock
DraftKings (NASDAQ:DKNG) board member Shalom Meckenzie continues selling shares of the sportsbook operator. The Israeli billionaire recently sold 660,000 shares of DraftKings in a series of four transactions at prices ranging from $59.96 to $62.80. A Form 4 filing with the Securities...
Scientific Games Offers Revealing Look at Lotto Biz to Lure Bidders
Scientific Games (NASDAQ:SGMS) is pulling back the curtains and cracking open the books on its lottery unit, offering potential suitors an intimate look at the business that's for sale. The gaming company said the SG Lottery has more than 130 customers in...
Fanatics Reported Talking to Rush Street Interactive, Others on Sports Bet Marriage
Fanatics is reportedly talking with Rush Street Interactive (NYSE:RSI) and other gaming companies about a takeover. The sports merchandise giant angling to get into the world of betting, but the partnership could hasten the suitor's move into the sports wagering space. Internet...
Sportsbooks Spend $21.4M in Week One NFL Ads, Season Total Could Surge
Week one of the 2021 NFL season is in the rearview mirror, and data confirms sportsbook operators holding advertising agreements with the league took advantage of those accords. The league's approved sportsbook operator partners spent $21.4 million on advertising in the first...
Wells Fargo Starts Coverage of Gaming Stocks, Bullish on Boyd, Caesars, DraftKings, MGM
Wells Fargo is initiating coverage on a variety of gaming stocks. The bank is expressing a preference for names with Las Vegas footprints and exposure to the fast-growing iGaming and regulated sports wagering industries. The bank starts coverage of 11 gaming equities,...
