5082 stories by Todd Shriber
DraftKings Positioned to Beat Q2 Revenue Estimates, Says Analyst
If state data is any indication, DraftKings (NASDAQ:DKNG) is poised to top second-quarter revenue estimates. That's the view of Loop Capital analyst Daniel Adam. In a note out earlier this week, Adam evaluated data from states that DraftKings is live in that...
MGM Resorts Stock Not Getting Enough Vegas Love, Says Analyst
MGM Resorts International (NYSE:MGM) is the largest operator on the Las Vegas Strip, meaning its stock is highly tethered to recovery in the largest US casino center. But one analyst believes the gaming equity isn't getting the credit it deserves. In a...
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),...
North American iGaming, Sports Betting Market Could Reach $42B, Says CFRA
The familiar catalysts of rising consumer penetration and increasing state-level legalization could drive the North American online casinos and sports wagering market to $42 billion, according to CFRA Research. In a note to clients, analysts Andrew Tam and Tuna Amobi point out...
Codere Online Merging with SPAC DD3, Will Be First Publicly Traded LatAm Online Betting Firm
Internet casino and online sports wagering operator Codere Online said today it's merging with special purpose acquisition company (SPAC) DD3 Acquisition Corp. II (NASDAQ:DDMX). That paves the way for the target to become Latin America's first publicly traded online gaming firm. The...
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...
