5082 stories by Todd Shriber
US iGaming, Sports Betting Could Hit $40B if 50 States Join Party
In one of the biggest forecasts to date on internet casino and sports betting revenue, Eilers & Krejcik Gaming estimates that figure could ascend to $40 billion if all 50 states join the live and legal fray. As of the end of...
DraftKings Director Shalom Meckenzie Continues Dumping Stock
DraftKings (NASDAQ:DKNG) board member Shalom Meckenzie continues selling shares of the sportsbook operator. The Israeli billionaire recently sold 660,000 shares of DraftKings in a series of four transactions at prices ranging from $59.96 to $62.80. A Form 4 filing with the Securities...
Scientific Games Offers Revealing Look at Lotto Biz to Lure Bidders
Scientific Games (NASDAQ:SGMS) is pulling back the curtains and cracking open the books on its lottery unit, offering potential suitors an intimate look at the business that's for sale. The gaming company said the SG Lottery has more than 130 customers in...
Fanatics Reported Talking to Rush Street Interactive, Others on Sports Bet Marriage
Fanatics is reportedly talking with Rush Street Interactive (NYSE:RSI) and other gaming companies about a takeover. The sports merchandise giant angling to get into the world of betting, but the partnership could hasten the suitor's move into the sports wagering space. Internet...
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,...
