5319 stories by Todd Shriber
ARK Invest Forecasts More Growth for Online Sports Betting, Sees $180B Handle
While just 15 states and Washington, DC currently permit online sports betting (OSB), the runway for growth is lengthy and ripe for growth, notes ARK Investment Management. The famed New York-based fund issuer and money manager founded by Cathie Wood is the...
DraftKings Launching NFT Marketplace, Will Distribute Tom Brady-Backed Company
DraftKings (NASDAQ:DKNG) is getting into the non-fungible token (NFT) space, announcing plans for DraftKings Marketplace. The Boston-based gaming company said DraftKings Marketplace will provide mainstream access to NFTs. The NFT is an emerging digital asset class that's generating considerable buzz, and one...
PlayAGS Stock Has Epic Rally Potential, Says Analyst
PlayAGS (NYSE:AGS) stock is soaring as the broader market rebounds Tuesday. The stock is up more than 12 percent on above-average volume in late trading. Bullish action in the shares of the casino technology and games provider today eats away at a...
Scientific Games, Playtech Strike International Distribution Agreement
Gaming technology provider Scientific Games (NASDAQ:SGMS) and European gaming firm Playtech (OTC:PYTCY) have reached an agreement. It paves the way for the companies to capitalize on the other's scale in various regions around the world. As part of the accord, Playtech's software...
Macau Rebound Showing Signs of Life
Macau's long-awaited gaming recovery may finally be starting to take shape. That's while shares of concessionaires in the world's largest casino center still offer value for patient investors, according to one bank. In a recent note, J.P. Morgan analysts point out summer...
MGM Could Ready Another Bid for Entain as Six-Month Restriction Period Ends
July 19 is a potentially important date in the relationship between MGM Resorts International (NYSE:MGM) and Entain Plc (OTC:GMVHY). That's the first day the US casino behemoth can make another offer for its partner on the BetMGM venture. In January, the Las...
Penn National Stock Among Best Covered Call Ideas, Says Bank of America
Slumping Penn National Gaming (NASDAQ:PENN) stock is among 10 names Bank of America recommends as top near-term covered call ideas. Covered calls are an options strategy also known as call writing, or call selling, in which an investor sells call options on...
Tabcorp Keno, Lottery Unit Worth up to $9.2 Billion, Says J.P. Morgan
Tabcorp's keno and lottery units, which the Australian gaming company recently said will be spun off, could be worth between $6.97 billion and $9.19 billion, according to J.P. Morgan analysts. Even at the low end of that range, the keno and lottery...
Scientific Games Sports Betting Unit Draws Interest from Former F1 Manager Jordan
Irish businessman Eddie Jordan, formerly the owner of a Formula One (F1) team bearing his surname, is rumored to be readying a bid for the OpenBet sports betting unit. That division was recently put on the sale block by Scientific Games (NASDAQ:SGMS)....
Century Casinos Says Caruthersville Casino Can Come Ashore
Century Casinos said Friday efforts to bring ashore its namesake venue in Caruthersville, Mo., the last riverboat casino in the state, are paying off. The Colorado-based gaming company moves to alter Missouri law that previously mandated the casino be a “floating facility”...
