4985 stories by Todd Shriber
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,...
Macau Casino Stocks Extend Slide on Regulatory Fears, JPMorgan Downgrades All Six Operators
Macau casino stocks are sliding for a second day, as officials in the special administrative region (SAR) look to take a more active regulatory role in the gaming industry. News of the tighter regulatory grip is catching the six concessionaires and investors...
Sportradar Slumps in Stock Market Debut on Bad Day for Gaming Equities
Sportradar (NASDAQ:SRAD) shed 7.22 percent in its first day as a publicly traded company on volume of 12.82 million shares. Earlier Tuesday, the sports betting data provider priced its initial public offering (IPO) at $27 a share, after marketing the issue in...
DraftKings Stock Price Target Upped, Analyst Sees Company Taking Share from FanDuel
DraftKings (NASDAQ:DKNG) stock is following other gaming equities lower today. But the sportsbook operator is on the receiving end of more support from the sell-side. In a note to clients today, Craig-Hallum analyst Ryan Sigdahl reiterates a “buy” rating on DraftKings, while...
MGM CEO Hornbuckle Not Showing Hand on Possible Cosmopolitan, Entain Acquisitions
MGM Resorts International (NYSE:MGM) is at the center of a pair of the gaming industry's biggest takeover rumors. But CEO Bill Hornbuckle isn't divulging what the company's plans are on those fronts. Speaking Monday with analyst Joseph Greff at the JPMorgan Gaming,...
Las Vegas Sands, Wynn Lead Macau Stocks Lower as China Seeks More Control
Shares of Macau concessionaires are slumping Tuesday. That's after the special administrative region's (SAR) government said it's looking to exert more control over casino operations. In early trading, Las Vegas Sands (NYSE:LVS), the biggest Macau operator with five integrated resorts there, is...
Penn National Gaming Takes Six Percent Stake in PointsBet
Penn National Gaming (NASDAQ:PENN) continues spreading its wings beyond US borders. It's now the major shareholder in Australia's PointsBet (OTC:PBTHF). In a new regulatory filing, the Australian sportsbook operator reveals that Penn's Penn Interactive Ventures (PIV) unit owns 16.5 million shares or...
MGM Stock Upgrade as Analyst Sees Sports Betting Driving Upside
MGM Resorts International (NYSE:MGM) stock is up 34.21 percent year-to-date, making it one of the best-performing large-cap gaming equities. But one analyst forecasts much more upside for the casino operator, driven by sports wagering. In a note to clients today, Bernstein analyst...
Caesars Selling $1.2 Billion in Bonds to Retire Other Debt
Caesars Entertainment (NASDAQ:CZR) is selling $1.2 billion in senior notes to higher interest rate debt that's maturing sooner than the new offering. The casino operator said last Friday it priced $1.2 billion worth of corporate debt at 4.625 percent coming due in...
