5254 stories by Todd Shriber
Las Vegas Sands Leads Macau Stock Rally as Border Talk Gains Momentum
Las Vegas Sands (NYSE:LVS) is leading a Monday resurgence in Macau gaming stocks, as some analysts are turning slightly bullish on the beaten-down group. That's amid speculation the China/Hong Kong border could soon reopen. Should that border reopen, it could pave the...
DraftKings Stock Could Be Vulnerable to Rising Rates, Says Goldman Sachs
Downtrodden DraftKings (NASDAQ:DKNG) stock could be pinched by rising interest rates next year, according to Goldman Sachs. This year, the Federal Reserve surprisingly accelerated its time line for increasing borrowing costs. Fed funds futures are now pricing in with almost 100 percent...
Playtech Receives Third Offer, Aristocrat Facing Increasing Competition in Takeover
Gaming technology provider Playtech landed another takeover offer courtesy of JKO Play Ltd., a consortium led by former Formula One team owner Eddie Jordan. All told, Playtech, which makes software for internet casinos, web-based poker rooms, and online sports wagering, has three...
Another Sports Betting ETF Debuts
Amid ongoing enthusiasm for sports wagering equities, particularly among younger retail investors, a new exchange traded fund (ETF) addressing the segment is here. The iBET Sports Betting & Gaming ETF (NASDAQ: IBET) debuted Tuesday, becoming the second ETF dedicated to iGaming and...
DraftKings, FanDuel Set Sights on Nevada Entry
DraftKings (NASDAQ:DKNG) and FanDuel, two of the largest domestic online sportsbook operators, are reportedly attempting to reenter Nevada. They have pending sports wagering permit applications before the state's Gaming Control Board (NGCB). Earlier today, PlayUSA reported that a public records request reveals...
NBA Takes Equity Stake in Sportradar in Data Agreement
The NBA and Sportradar (NASDAQ:SRAD) have agreed to a new accord under which the NBA, Women’s National Basketball Association (WNBA), and NBA G League will allow the sports betting data provider to exclusively market the leagues' data to sportsbooks. Under the terms...
Cooperman’s Omega Advisors Buys Las Vegas Sands Stock
Omega Advisors, the hedge fund controlled by financier Leon Cooperman, added shares of downtrodden Las Vegas Sands (NYSE:LVS) stock in the third quarter. The largest domestic gaming company by market capitalization, LVS was one of 10 new positions added by Omega during...
Disney BetESPN Plans Could Stoke Rush Street Interactive Rumors, Says Analyst
It's widely known the Walt Disney Company (NYSE:DIS) wants to leverage its ESPN unit to establish prominence in the online sports betting (OSB) space. It's speculated that those ambitions could lead the entertainment giant to mull a takeover of PointsBet (OTC:PBTHF) or...
IGT Sees 2022 Revenue Up to $4.3B, Reveals Buyback Plan, iGaming Spin-Off Possible
International Game Technology (NYSE:IGT) said it expects 2022 revenue of $4.1 billion to $4.3 billion -- a forecast that is on the high side tops Wall Street's outlook of $4.2 billion. The gaming device manufacturer delivered that top-line guidance at its virtual...
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...
