5449 stories by Todd Shriber
DraftKings, Penn, Other Sports Betting Stocks Calm Ahead of March Madness
Following some sizable gains earlier in the week, shares of DraftKings (NASDAQ:DKNG), Penn National Gaming (NASDAQ:PENN) and other sports wagering-related stocks are mostly docile in late trading Friday. But with the NCAA Tournament looming, that calm may not last long. With conference...
Sands Plans to Spend Some Venetian Sale Cash in Singapore
Las Vegas Sands (NYSE:LVS) will allocate some of the capital generated from its $6.25 billion sale of the Venetian and Sands Expo and Convention Center to Marina Bay Sands (MBS) in Singapore. COO and President Patrick Dumont confirmed the company will direct...
Matthew Peterson, Architect of $6M Sports Betting Fraud, Gets Eight Years, No Parole
Matthew Peterson, 51, the mastermind behind a $6 million sports wagering scheme, was sentenced to eight years and one month in federal prison without possibility of parole. In levying that punishment on Wednesday, US District Judge Howard Sachs also ordered Peterson, of...
NeoGames Stock Hits Jackpot After Q4 Results, 2021 Guidance Impress
NeoGames (NASDAQ:NGMS) stock is soaring Thursday after the online lottery operator delivered fourth-quarter results and 2021 guidance that topped consensus estimates in its first earnings report as a public company. Late Wednesday, the Israeli company said it posted adjusted earnings before interest,...
DraftKings Stock Soars After Inclusion in Biggest ARK Fund, Analysts Cheer Investor Day Comments
DraftKings (NASDAQ:DKNG) is on pace for one of its best days since its debut last April as market participants embrace another round of bullish commentary from sell-side analysts and support for the name from a famed investor. In midday trading, shares of...
Bally’s, Sands, Wynn Eye New York City Casino License
Bally's (NYSE:BALY), Las Vegas Sands (NYSE:LVS), and Wynn Resorts (NASDAQ:WYNN) are reportedly heating up a competition to land a single permit for a New York City casino. Albany lawmakers could see this effort mull as soon as April. Sands isn't a new...
Skillz Stock Slightly Rebounds After Refuting Wolfpack Bear Claims…Sort Of
Skillz Inc. (NYSE:SKLZ) stock is bouncing back today following a Monday shellacking at the hands of a bearish report by due diligence firm Wolfpack Research. The rebound came after the company took issue with the claims. In late trading, shares of the...
DraftKings Stock Jumps Following Investor Day Comments, Sees $67B Market for iGaming, Sports Betting
DraftKings (NASDAQ:DKNG) stock is rallying Tuesday after the company said the North American iGaming and online sports wagering markets could eventually be worth $67 billion or more on a combined basis. This is far higher than even some of the most enthusiastic...
Skillz Stock Craters After Wolfpack Research Forecasts ‘SPACtacular Disaster’
Shares of mobile games developer Skillz Inc. (NYSE:SKLZ) are lower by almost 15 percent in late trading. That's after Wolfpack Research issued a scathing report on the newly pubic company while revealing it's shorting the stock. Wolfpack's report comes ahead of Skillz...
Atari Planning Ethereum-Backed Casino Capitalizing on NFT Boom
Atari, one of the founding fathers of the video game industry, is planning to launch an online casino to tap into several scorching hot technology trends. The casino will be developed with Decentral Games and launched on the Ethereum blockchain. By market...
