5034 stories by Todd Shriber
DraftKings Defended by Analysts, Wood’s ARK Invest Following Hindenburg Short Report
A day after slumping following publication of a bearish report by Hindenburg Research, DraftKings stock (NASDAQ:DKNG) is rebounding modestly Wednesday. Several analysts are defending the sportsbook operator, along with the support of a well-known investor. On Tuesday, shares of DraftKings finished lower...
DraftKings, Golden Nugget Online, Skillz Headline Gaming Additions to Russell 3000
DraftKings (NASDAQ:DKNG), Golden Nugget Online Gaming (NASDAQ:GNOG), and Skillz (NYSE:SKLZ) are among a slew of gaming equities gaining entry into the widely followed Russell 3000 Index. The annual Russell rebalancing process, which pertains to an assortment of popular equity benchmarks, concludes on...
Penn National Stock Margin Story Not Fully Appreciated, Says Analyst
Off 44 percent from its March high, Penn National Gaming (NASDAQ:PENN) stock may still hold cards for upside, and there are some elements to the story that aren't fully appreciated, according to one Wall Street analyst. In a note to clients, Stifel...
DraftKings Slumps as Hindenburg Research Alleges SBTech Ties to Illegal Gambling, Organized Crime
Shares of DraftKings (NASDAQ:DKNG) are sliding Tuesday after noted short-selling activist Hindenburg Research published a lengthy report. The report alleges the gaming company's SBTech unit operates in jurisdictions where sports betting is illegal, and may have connections to money laundering and organized...
BlueBet Eyes US Expansion with Aussie IPO Proceeds
BlueBet, an upstart Australian sportsbook operator, is nearing an initial public offering (IPO). The proceeds could drive the company's domestic and US expansion efforts. The operator is slated to list shares on the Australian Stock Exchange (ASX) on July 2 at a...
Everi Enthusiasm Extends as Analyst Forecasts More Upside for Shares
Everi Holdings (NYSE:EVRI) stock can continue building on 2021 bullishness, as casino operator budgets recover from depressed levels forced by the coronavirus pandemic. In a note to clients, Stifel analyst Jeffery Stantial reiterates a “buy” rating on the gaming machine maker and...
Affinity Gaming Heading to Altar with Daily Racing Form Owner Sports Information Group
Affinity Gaming, the owner of the Silver Sevens Casino in Las Vegas, is rumored to be nearing a $1.3 billion merger with Sports Information Group (SIG). SIG is the publisher of the Daily Racing Form. Affinity and SIG are controlled by investment...
PlayAGS Stock Not Playing Around, Could Be Double in Making
Quietly, PlayAGS (NYSE:AGS) stock is one of this year's best-performing gaming equities, and one analyst is wagering there's much more upside to be had. In a recent note to clients, B. Riley analyst David Bain initiated coverage of the casino technology and...
North Fork Rancheria Casino Opponents Score Legal Win, Could Delay Red Rock Project
A California court recently sided with opponents of a planned tribal casino in Fresno. The court said then-Gov. Jerry Brown's (D) decision to approve the project violated the results of a 2014 ballot initiative. The state's 5th District Court of Appeal ruled...
DraftKings Dollars Help Shalom Meckenzie Nab CryptoPunk NFT for $11.8M
For obvious reasons, not the least of which is the 37.18 percent gain over the past year, it's good to own a lot of DraftKings (NASDAQ:DKNG). Just ask Shalom Meckenzie, who plunked down $11.8 million on a non-fungible token at a Sotheby's...
