5316 stories by Todd Shriber
Penn National Gaming Lifts Q2 Guidance, Plans $400M Debt Sale
Penn National Gaming (NASDAQ:PENN) stock is getting a much needed boost Thursday. It is trading higher after the regional gaming company raised second-quarter revenue and adjusted earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) forecasts. The operator of...
Esports Technologies Wants to Patent Betting Tech on Streaming Platforms
Esports Technologies (NASDAQ:EBET) is looking to bring esports wagering to a wider audience, filing a comprehensive provisional patent that would allow for betting on gaming competitions from streaming entertainment platforms. The Las Vegas-based operator of an online gaming platform filed a patent...
888 Holdings Recommended as Play on Bidding for William Hill Non-US Assets
Caesars Entertainment (NASDAQ:CZR) is expected to initiate the sale process of William Hill's international assets this quarter and could announce a buyer at some point in the second half of 2021. One analyst views 888 Holdings as a way for investors to...
Caesars, DraftKings, Score Media Picked as Canada Sports Bet Winners
In a widely anticipated move, Canada passed single-game sports wagering Tuesday. Wall Street analysts moved swiftly to highlight gaming equities positioned to capitalize on the new, potentially lucrative market. The list includes US-based operators such as BetMGM, Caesars Entertainment (NASDAQ:CZR), DraftKings (NASDAQ:DKNG),...
Playstudios Completes Merger with Jim Murren SPAC, Debuts as Public Company Tuesday
Social casino developer Playstudios, Inc. launches as a standalone publicly traded entity Tuesday. That's after completing its merger with special purpose acquisition company (SPAC) Acies Acquisition Corp. (NASDAQ:ACAC). Acies, a blank-check firm started by former MGM Resorts International (NYSE:MGM) CEO Jim Murren,...
Shalom Meckenzie Sold $34M Worth of DraftKings Stock Day Before Hindenburg Report Released
DraftKings (NASDAQ:DKNG) board member Shalom Meckenzie divested $34 million worth of the sportsbook operator's shares on June 14. That's just a day before Hindenburg Research revealed a short position in the gaming stock while publishing a bearish report blasting the company. On...
Bally’s Lands Kansas Sports Betting Access in Boot Hill Casino & Resort Deal
Bally's (NYSE:BALY) has a foot in the door for sports wagering in Kansas, assuming the state gets around to legalizing the activity. On Monday, the gaming company said it inked an accord with Boot Hill Casino & Resort in Dodge City to...
Everi Stock Soars as Company Forecasts Record Q2 Results, Unveils Debt Reduction Plan
Everi Holdings (NYSE:EVRI) stock is soaring Monday. That's after the gaming machine manufacturer pre-announced second-quarter results that top Wall Street forecasts, while revealing plans to refinance debt at favorable terms. The announcement by the Las Vegas-based company has the shares higher by...
Penn National Stock Forecasts Create Division Among Analysts
Sixteen analysts cover Penn National Gaming (NASDAQ:PENN) stock, and while there's not an overt consensus on the regional casino operator, the sell-side leans bullish. But it's price targets that are a source of dissent among analysts following the name. Barron's recently screened...
BetMakers Stock Halted in Sydney Pending ‘Material Acquisition’ Announcement
BetMakers Technology Group (ASX:BET) stock was halted today by the Australian Stock Exchange (ASX). It came at the request of the sportsbook operator pending the announcement of a “material acquisition.” In a statement revealing the halt, ASX included a letter from Charly...
