5034 stories by Todd Shriber
FanDuel Has 45% of US Online Sports Betting in Q2, Forecasts 2023 Profit
Flutter Entertainment (OTC:PDYPY) delivered results for the first half of 2021 today, providing separate data for its US operations for the first time. The numbers affirmed the strength of FanDuel in the US online sports wagering market. The UK-based company, which owns...
DraftKings/GNOG Deal Precursor to More iGaming, Sports Betting Mergers, Says Analyst
On Monday, DraftKings (NASDAQ:DKNG) announced it’s buying Tilman Fertitta’s Golden Nugget Online Gaming (NASDAQ:GNOG) for $1.56 billion in stock. At least one analyst says that's just the beginning of more mergers and acquisitions activity in the iGaming and regulated sports wagering industries....
Scientific Games Soars on Earnings Beat, Analyst Sees Significant Upside
Scientific Games (NASDAQ:SGMS) stock is soaring Monday. That's after the gaming technology provider delivered second-quarter results that soundly topped Wall Street estimates. The company earned $1.10 a share on revenue of $880 million, easily beating the Zacks consensus estimate calling for earnings...
Caesars Tops Wynn on Bank of America Casino Stock List
Bank of America is reconfiguring its ratings on casino equities, and it's moving Caesars Entertainment (NASDAQ:CZR) ahead of Wynn Resorts (NASDAQ:WYNN) on the list. In a note to clients today, the bank upgrades the Caesars Palace operator to “buy” from “neutral,” while...
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...
