5215 stories by Todd Shriber
Bragg Gaming Announces Strategic Review as Stock Sags
Canadian gaming technology provider Bragg Gaming Group (NASDAQ:BRAG) announced today it's deploying a strategic review as its share price flails, despite what the company describes as impressive quarterly results. Bragg provides internet casino and sportsbook technology services to gaming operators via its...
MSCI Index Boots SJM, Wynn Macau from Hong Kong Benchmark
Macau casino operators SJM Holdings and Wynn Macau are leaving the MSCI Hong Kong Index at the end of November. The index provider made the announcement as part of its recently completed semi-annual index review. SJM and Wynn Macau are the only...
DraftKings Extends Slump as UBS Forecasts Bigger Losses, No Profitability Until 2024
DraftKings (NASDAQ:DKNG) stock is extending recent bearishness Monday, after UBS forecast larger losses and a longer time line to profitability for the sports wagering company. In a note to clients today, the bank pared its price target on DraftKings to $44. While...
MGM Stock Correction Could Be Buying Opportunity, According to Charts
Once-hot MGM Resorts International (NYSE:MGM) stock is mired in a slump. But if historical trends repeat, the recent slide could prove to be a buying opportunity. Shares of the largest operator on the Las Vegas Strip are off 1.11 percent today, extending...
Caesars Stock Worth Almost $200 a Share, Says Analyst
It's up more than 37 percent year-to-date and currently residing around $105. But Caesars Entertainment (NASDAQ:CZR) stock -- one of Wall Street's most favored gaming names -- is deeply discounted relative to its potential upside, according to one analyst. In a note...
Wynn Resorts Ends Sports Bet SPAC Deal, Notes High Customer Acquisition Costs
Wynn Resorts (NASDAQ:WYNN) and special purpose acquisition company (SPAC) Austerlitz Acquisition Corp. I (NYSE:AUS) are ending a plan to merge the shell company with Wynn Interactive. That would have paved the way for that business to go public. The casino operator said...
BetMGM Hindered Deal with DrafKings, Says Entain CEO Nygaard-Andersen
Entain Plc's (OTC:GMVHY) 50 percent stake in BetMGM was one of the reasons why the company's courtship with DraftKings (NASDAQ:DKNG) recently fell apart. Entain CEO Jette Nygaard-Andersen made comments to that effect in a Wednesday interview with Reuters -- her first public...
Disney Eyes Online Sports Betting Presence, Sees Boost for ESPN Brand
The Walt Disney Company (NYSE:DIS) continues its embrace of sports wagering, and is looking to expand its online wagering footprint, perhaps in dramatic fashion. On the company's fiscal fourth-quarter earnings conference call Wednesday afternoon, CEO Bob Chapek said Disney -- the parent...
Wynn Worth $165 a Share in Buyout, Private Equity Circling, Says Citron Research
On the heels of news that Matt Maddox is moving out of his role as chief executive officer of Wynn Resorts (NASDAQ:WYNN), a research firm says the gaming company is a buyout candidate and worth significantly more in that scenario than what...
Red Rock Resorts Paying $3 Special Dividend, Buying up to $350M in Stock
Red Rock Resorts, Inc. (NASDAQ:RRR) is deploying a significant shareholder rewards program, announcing Wednesday it's paying a $3 per share special dividend. The parent company of Station Casinos also said it's buying up $350 million worth of its own shares in a...
