5449 stories by Todd Shriber
JPMorgan Forecasts US Micro-Betting Boom
A team of JPMorgan analysts led by Daniel Politzer say micro-betting is shaping up to be the next big thing in sports betting. Micro bets are derivatives of in-game counterparts. With an in-game or live wager, a bettor places a traditional wager...
Bally’s Lands Major League Baseball Deal, Third Pro Sports Partnership
Bally's Corp. (NYSE:BALY) is ringing up another agreement with a domestic sports league, saying today it's now the authorized gaming partner of Major League Baseball (MLB). The gaming company now has accords with three of the four premier domestic sports associations, with...
Penn National Gaming Stock Offers Epic Upside Potential, Says Bank of America
Penn National Gaming (NASDAQ:PENN) stock jas earned another big endorsement from Bank of America (BofA). The banking giant highlights innovation with the Barstool Sports business and the possibility of mergers and acquisitions as an avenue for adding new customers. Last Friday, S&P...
Skillz Stock Stumbles After Announcing Sale of up to 36.8M Shares
Skillz (NYSE:SKLZ) stock is sliding Wednesday after the mobile games developer said it and some investors are selling up to 36.8 million shares of common equity. The esports operator is selling 17 million shares of Class A stock. Certain investors are selling...
MGM Hauls in $1.2 Billion Through Further Reduction of MGP Stake
MGM Resorts International (NYSE:MGM) continues thinning its position in its real estate partner MGM Growth Properties (NYSE:MGP). Late Monday, the casino operator said it redeemed another 37.1 million units of the gaming real estate investment trust (REIT), resulting in a haul of...
Everi Credit Rating Lifts as Fitch Sees Restored EBITDA Levels in Late 2021
Gaming device manufacturer and FinTech purveyor Everi Holdings (NYSE:EVRI) can return to earnings before interest, taxation, depreciation and amortization (EBITDA) levels last seen prior to the coronavirus pandemic late this year, says Fitch Ratings. The research firm made that forecast in a...
MGM Stock Extends Rally as Jefferies Issues ‘Buy’ Rating, Price Target Raised to $50
MGM Resorts International (NYSE:MGM) is extending its bull run Monday, after Jefferies analyst David Katz raised his rating on the stock to “buy” from “hold.” The Katz call comes after the Mandalay Bay operator jumped almost five percent last week, boosting its...
Flutter Mulls FanDuel Spin-Off as Investors Push for DraftKings Valuation
Flutter Entertainment (OTC:PDYPY) is considering spinning out its FanDuel business and listing a portion of that unit on a US exchange. The Irish gaming giant made remarks to that effect today after a report surfaced Friday. Some investors are pressing the company...
Century Casinos ‘Attractive’ Idea for Margin Expansion, Pent-Up Demand Bets, Says Analyst
Century Casinos (NASDAQ:CNTY) stock surged 9.43 percent on Friday, racing to a new 52-week high. That came a day after the regional gaming company reported fourth-quarter earnings before interest, taxes, depreciation and amortization (EBITDA) that beat Wall Street forecasts. On Thursday, the...
Caesars, Penn National Get Big Index Promotion, Heading to S&P 500
Shares of Caesars Entertainment (NASDAQ:CZR) and Penn National Gaming (NASDAQ:PENN) are trading to the upside in Friday's after-hours session. That's on news that the pair of high-flying gaming stocks are heading to the S&P 500. In a statement issued after the close...
