5316 stories by Todd Shriber
DraftKings Makes iGaming Splash, Buys Golden Nugget Online Gaming for $1.56B
DraftKings (NASDAQ:DKNG) is showing its commitment to the booming internet casino industry. The company announced today that it's acquiring Tilman Fertitta's Golden Nugget Online Gaming (NASDAQ:GNOG) for $1.56 billion in equity. News of the transaction, which comes about eight months after Golden...
Century Casinos Stock Rally Has More Catalysts, Says Analyst
Century Casinos (NASDAQ:CNTY) stock soared 22.12 percent this week after the regional gaming company easily surpassed second-quarter earnings and revenue estimates. That prompted at least one analyst to say there's more upside available with the already hot shares. The Colorado-based operator reported...
ARK Invest Buys Genius Sports Stock Even as Short Seller Slams It
Genius Sports (NYSE:GENI) stock is extending a rally born Thursday, as a well-known growth investor bought shares of the sports betting data provider, likely driving some of the Friday upside. Cathie Wood's ARK Investment Management bought 280,214 shares of Genius Sports on...
DraftKings Again Raises Revenue Outlook, Q2 EBITDA Beat Excites Analysts
DraftKings (NASDAQ:DKNG) again increased its full-year revenue outlook today following a strong set of second-quarter results, which the company delivered earlier. The sportsbook operator now expects 2021 sales of $1.21 billion to $1.29 billion, up from the guidance of $1.05 billion to...
DraftKings Stock Pops Ahead of Earnings
DraftKings (NASDAQ:DKNG) is joining other gaming equities to the upside Thursday. That could be a sign market participants are expecting the company to deliver good news when it reports second-quarter results before the open of US markets tomorrow. In what will be...
Spruce Point Slams Genius Sports, Predicts Major Stock Downside
Spruce Point Capital Management, a money manager that specializes in short selling, has published a new report in which it skewers sports betting data provider Genius Sports (NYSE:GENI). It says the company could endure margin pressure and significant share price declines. On...
Gaming and Leisure Properties Stock Rallies as Rivals Combine
Gaming and Leisure Properties (NASDAQ:GLPI) stock is among Wednesday's best-performing real estate names. That's after an analyst upgraded the shares and as consolidation comes to its peer group. In a note to clients earlier today, UBS analyst Robyn Farley lifts her rating...
Caesars Eyes Sale of Las Vegas Asset, Plans $1B iGaming, Sports Betting Investment
Caesars Entertainment (NASDAQ:CZR) reported second-quarter results late Tuesday, returning to profitability for the first time since the start of the coronavirus pandemic. They did so while posting record quarterly adjusted earnings before interest, taxes, depreciation and amortization (EBITDA). The Harrah's operator earned...
VICI Paying $17.2B for MGM Growth Properties, Creates Biggest Strip Casino Landlord
VICI Properties (NYSE:VICI) is buying rival MGM Growth Properties (NYSE:MGP) for $17.2 billion in stock. It's an acquisition creating the dominant owner of Las Vegas Strip casino real estate. Under the terms of the transaction, VICI assumes $5.7 billion in MGP debt...
Rush Street Interactive Stock Has Double Potential, Says Analyst
Like many of its internet casino brethren, Rush Street Interactive (NYSE:RSI) stock is struggling mightily. But at least one analyst believes the beleaguered shares have the potential to more than double. In a note to clients out late Monday, Macquarie analyst Chad...
