5034 stories by Todd Shriber
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...
NFL Kickoff Significant Spark for Sports Betting Stocks, Says Macquarie
The 2021 NFL season got going Thursday when the Tampa Bay Buccaneers defeated the Dallas Cowboys. But the campaign starts in earnest today, and that could be a boon for sports betting stocks, according to some analysts. Football is the most wagered-on...
Genius Sports Stock Still Genius Idea Even with Recent Surge, Says Analyst
Clearly, there's something about football season and its impact on sports wagering equities. Genius Sports (NYSE:GENI) stock is flirting with a gain of eight percent this week and is higher by 21.6 percent over the past month. That torrid pace isn't preventing...
MGM CFO Jonathan Halkyard Details BetMGM Global Ambitions
MGM Resorts International (NYSE:MGM) CFO Jonathan Halkyard says the company is working on plans to make the BetMGM iGaming and sports wagering business a global brand. The executive made the remarks at the Bank of America Securities 2021 Gaming and Lodging Conference...
