4982 stories by Todd Shriber
DraftKings Drilled, as Trio of Analysts Lower Price Targets
DraftKings (NASDAQ:DKNG) stock is extending what's now a precipitous decline, as at least three analysts today trimmed price forecasts on the sportsbook operator. In early trading Monday, shares of the daily fantasy sports (DFS) provider are off more than six percent after...
Red Rock Resorts Palms Sale Credit Positive, But No Ratings Upgrade Yet, Says Moody’s
Last week, Red Rock Resorts, Inc. (NASDAQ:RRR) announced the $650 million sale of Palms Casino Resort in Las Vegas to the San Manuel Band of Mission Indians. The move is lauded by Moody's Investors Service. The announcement of the transaction arrived nearly...
Apollo Lack of Sportsbook Experience Could Be Hurdle in Tabcorp Bid, Say Analysts
Last week, Apollo Global Management (NYSE:APO) upped its bid for Tabcorp’s betting and media businesses to $3.1 billion. But some analysts believe the private equity firm's dearth of direct sportsbook operational experience could hinder its dealings with the Australian gaming company. While...
Golden Entertainment Stock Shines Way to New Highs
Golden Entertainment (NASDAQ:GDEN) is soaring Friday, adding to an already blistering pace of recent gains. That's after an analyst swiftly upped his price target on the Strat operator. In a note to clients today, B. Riley analyst David Bain reiterates a “buy”...
DraftKings Extends Slide Following Q1 Beat, Raised 2021 Revenue Guidance
Shares of DraftKings (NASDAQ:DKNG) are trading lower early Friday after the sportsbook operator delivered better-than-expected first quarter results while raising its 2021 revenue guidance. The Boston-based company said it lost 36 cents a share on revenue of $312 million in the first...
Penn National Analysts Rush to Defend Stock as Slump Intensifies
On Thursday, Penn National Gaming (NASDAQ:PENN) reported better-than-expected first-quarter results, but the stock tumbled more than eight percent. That extends a now-lengthy slide that's seen the regional casino operator shed 18 percent over the past month and 41 percent from its March...
Sportradar, SPAC Suitor Lengthen Acquisition Time Line
Sportradar and Horizon Acquisition Corp. II (NYSE: HZON) are reportedly extending negotiations to bring the deal across the finish line. Horizon is the special purpose acquisition company (SPAC) looking to merge with the betting data provider. The Swiss company has long been...
Apollo Makes $3.1 Billion Offer for Tabcorp Assets, Topping Entain Bid
Apollo Global Management (NYSE:APO) is making another run at Tabcorp’s betting and media businesses. It is offering nearly $3.1 billion for the Australian company's sought-after assets, while topping a recently revised bid of $2.7 billion from Entain Plc (OTC:GMVHY). There are conditions...
ARK Buys Another Seven Million Skillz Shares in Just Three Days
It's in a now-lengthy slump. But Skillz (NYSE:SKLZ) stock has friends in high places -- namely, Cathie Wood's ARK Investment Management. In just the past three trading days, the New York-based money manager and exchange traded funds (ETFs) issuer scooped up approximately...
Scientific Games Reportedly Considering Australia IPO to Cut Debt
Gaming equipment manufacturer Scientific Games (NASDAQ:SGMS) may be weighing an initial public offering (IPO) on the Australian Stock Exchange (ASX) as an avenue for trimming a massive debt burden. The Las Vegas-based company reportedly engaged Australian investment bank Jarden Australia to crunch...
