5136 stories by Todd Shriber
DraftKings Down on Dud Earnings, Guidance, NFL Losses Pinch Outlook
DraftKings (NASDAQ:DKNG) stock is probing its lowest levels since May. That's after the online sportsbook operator posted a wider-than-expected third-quarter loss and delivered 2021 guidance analysts see as disappointing. In midday trading, the shares are off 2.5 percent on volume that's nearly...
Penn Analysts Defend Stock, Call Portnoy Controversy Distraction
Shares of Penn National Gaming (NASDAQ:PENN) are bouncing back Friday. The rebound comes a day after the stock was drubbed following a disappointing third-quarter earnings report and controversy swirling around Barstool Sports founder David Portnoy's private life. Penn stock plunged more than...
DraftKings Earnings Could Be Ugly, Says Analyst
DraftKings (NASDAQ:DKNG) steps into the third-quarter earnings confessional Friday before the open of US markets. At least one analyst says investors should gird for a less-than-stellar update from the online sportsbook operator. In a note to clients earlier this week, Roth Capital...
Caesars Stock Tipped as Tapering Play
Caesars Entertainment (NASDAQ:CZR) stock could be one way for investors to deal with the Federal Reserve scaling back and ultimately ending its bond-buying program. That scenario, also known as tapering, is now a foregone conclusion. The central bank recently said it will...
Golden Entertainment Mulling Shareholder Rewards, Analyst Lifts Price Target
Golden Entertainment (NASDAQ:GDEN) reported third-quarter earnings yesterday, handily topping Wall Street estimates. The company also floated the idea of increasing shareholder rewards, possibly including a dividend. The Strat owner reported earnings per share of 91 cents on sales of $282.42 million. Analysts...
MGM In Early Talks to Sell Mirage Operating Rights, Suitor List Likely Long
MGM Resorts International (NYSE:MGM) confirmed on its third-quarter earnings conference call Wednesday that it has commenced the sale process for the Mirage on the Las Vegas Strip. That brings an end to long-running speculation about the fate of the integrated resort. The...
AGS, NeoGames Could Lead Gaming Tech Q3 Earnings Beats
Third-quarter earnings season is well underway, and analysts are forecasting impressive reports from gaming technology firms and device manufacturers. Everi Holdings (NYSE:EVRI) got that ball rolling today, reporting earnings per share of seven cents on sales of $168.3 million. Wall Street expected...
Scientific Games Stock Handed Downgrade After Sizzling Run
Following a torrid pace that's seen the slot machine manufacturer's shares nearly double this year, Scientific Games (NASDAQ:SGMS) stock is contending with a downgrade today. In a note to clients, Stifel analyst Jeffrey Stantial lowers his rating on the gaming technology company...
Caesars Eyeing Las Vegas Strip Asset Sale in Early 2022, Says CEO Tom Reeg
Long-running scuttlebutt regarding when Caesars Entertainment (NASDAQ:CZR) will sell a property on the Las Vegas Strip could morph from chatter to reality early next year. Amid a flurry of high profile Strip asset sales this year, including the Venetian and Sands Convention...
Esports Technologies Seeking Betting Exchange Patent
Esports Technologies (NASDAQ:EBET), a provider of esports wagering platforms and related technologies, has filed a patent for a new esports betting exchange. The Las Vegas-based company is angling to bring esports betting to a wider audience in the US. Currently, Esports Technologies'...
