4982 stories by Todd Shriber
NeoGames Stock Winning Ticket for iLottery Upside
NeoGames (NASDAQ:NGMS) stock soared Friday after the provider of internet lottery services reported first-quarter revenue that topped Wall Street forecasts while upping its full-year sales outlook. Yesterday, shares of the gaming firm surged almost 10 percent on above-average volume. That's after the...
Churchill Downs Stock Races Higher as Jefferies Calls It Top Gaming Story
Churchill Downs (NASDAQ:CHDN) stock is joining other gaming equities to the upside Friday. That's after Jefferies analyst David Katz upgraded shares of the racetrack operator less than two weeks after the Kentucky Derby. The analyst lifted his rating on the gaming company...
DraftKings Dreaming of Streaming Acquisition, Says Analyst
For now, DraftKings (NASDAQ:DKNG) is primarily viewed as an online sports betting company. But it's made its plans to be an omnichannel, vertically integrated enterprise clear, and that could eventually include a streaming entertainment acquisition, according to one analyst. In a recent...
Rush Street Interactive Lifts 2020 Guidance, Stock Slightly Higher
Rush Street Interactive (NYSE:RSI) is the latest online gaming company to boost its 2021 revenue forecast, saying late Thursday it expects full-year sales of $440 million to $480 million. That's the second time this year the newly public iGaming operator lifted its...
Wynn Interactive Already Netting Bullish Expectations
It's been just two days since Wynn Resorts (NASDAQ:WYNN) revealed plans to merge its online gaming business with a special purpose acquisition company (SPAC) to take that unit public. Some analysts are already enthusiastic about the possibilities. Wynn Interactive is combining with...
FanDuel CEO Departure Could Affect Spin-Off Timing
Flutter Entertainment (OTC:PDYPY) has announced the departure of FanDuel CEO Matt King. It's news that could impact the timing of the Irish gaming company's plan to list part of the online sports betting giant on a US exchange. King has been with...
MGM Resorts Sells Springfield Casino Real Estate to MGP for $400M
MGM Resorts International (NYSE:MGM) is selling its MGM Springfield integrated resort to MGM Growth Properties (NYSE:MGP), the gaming company's primary landlord, for $400 million in cash. The deal is a sale-leaseback transaction, which has become increasingly popular in the gaming industry in...
Bally’s Stock Weakness Could Be Long-Awaited Buying Opportunity, Say Analysts
Once among the hottest gaming equities, Bally's (NYSE:BALY) is following the broader group lower. That's despite reporting record first-quarter adjusted earnings before interest, taxes, depreciation and amortization (EBITDA). Some analysts are sticking up for the casino stock after EBITDA for the first...
Wynn Stock Setup Encouraging on Macau, iGaming IPO
On another dismal day for the broader gaming complex, Wynn Resorts (NASDAQ:WYNN) stock is standing out with a modest gain early Tuesday. The operator is winning praise for encouraging Macau results and the decision to bring its online gaming division public. Upon...
Wynn Interactive Going Public in Deal with Foley SPAC Austerlitz Acquisition
Wynn Resorts (NASDAQ:WYNN) said today it's entering an agreement with special purpose acquisition company (SPAC) Austerlitz Acquisition Corp. I (NYSE:AUS) to bring the gaming operator's interactive unit public. In a deal with estimated post-transaction enterprise value of $3.2 billion, Wynn Interactive will...
