5082 stories by Todd Shriber
Engine Media Hits DraftKings with Patent Infringement Suit
Engine Media Holdings, Inc. (NASDAQ:GAME) is suing DraftKings (NASDAQ:DKNG). They claim the online sportsbook operator infringed on patents owned by the Canadian company's WinView unit. In a complaint filed in the United States District Court for the District of New Jersey, Toronto-based...
Las Vegas Sands, Penn National Stocks Upside Potential Touted by Goldman Sachs
Las Vegas Sands (NYSE:LVS) and Penn National Gaming (NASDAQ:PENN) make the cut on a Goldman Sachs list of 10 stocks with the biggest return potential over the next year. The Wall Street bank released the list Wednesday, and it includes some qualifiers....
GAN Stock Rockets Higher After Lifting Q2 EBITDA, Revenue Guidance
GAN Ltd. stock (NASDAQ:GAN) soared more than 17 percent in Wednesday's after-hours trading session after the gaming technology provider raised its earnings before interest, taxes, depreciation and amortization (EBITDA) and revenue guidance for the second quarter, as well as its full-year sales...
Elys Game Technology Paying up to $53.8M for US Bookmaking
Elys Game Technology (NASDAQ:ELYS), a gaming technology provider, said today it's acquiring Bookmakers Company US for $12 million in cash and equity. While that's the upfront price, Elys could ultimately dole out up to $53.8 million for the company known as US...
Golden Nugget Boss Tilman Fertitta Sees Strong Consumer Spending Through Year-End
Although the effects of government stimulus checks are waning, billionaire businessman Tilman Fertitta believes consumer spending will remain steady through the end of this year. Economists and investors may want to heed Fertitta's words. He's the chairman and chief executive officer of...
Flutter Entertainment Outlook Raised to ‘Stable’ as Fitch Sees Deleveraging Accelerating
The outlook on Flutter Entertainment's (OTC:PDYPY) “BBB-” credit grade was lifted to “stable” from “negative” by Fitch Ratings, which sees the gaming company prioritizing its balance sheet. The research firm also boosted its grade on the operator's senior secured instruments issued by...
Surprising Sports Could Power Future of Wagering, Survey Says
In the US, the NFL is the most popular, most watched sports league. And football, including college, is the most wagered-on sport. But in what may come as a surprise to some, NFL fans aren't all that interested in betting. That's one...
Atari Scraps Online Casino, Takes $6M Charge on Lost Effort
Video game giant Atari's foray into the world of online casinos was a brief one. The company announced Monday turning its focus to premium games and closing its casino in Africa. In a statement released on Monday, the company said it's shifting...
Flutter Entertainment Stock Inexpensive, Earns Upgrade
Due to an array of factors, Flutter Entertainment (OTC:PDYPY) stock wasn't the cream of the crop among gaming equities in the first half of the year. But at least one research firm sees opportunity in shares of the FanDuel parent. In a...
Tabcorp Spurns Apollo, Entain, Plans Spinoff of Keno, Lottery Unit
Australian gaming operator Tabcorp has rebuffed multiple suitors for its media and sports wagering businesses. Instead, it declared Monday it will spin-off its keno and lottery units into a separate publicly traded entity, ending months of speculation about the fate of what...
