5082 stories by Todd Shriber
Bally’s Lands Kansas Sports Betting Access in Boot Hill Casino & Resort Deal
Bally's (NYSE:BALY) has a foot in the door for sports wagering in Kansas, assuming the state gets around to legalizing the activity. On Monday, the gaming company said it inked an accord with Boot Hill Casino & Resort in Dodge City to...
Everi Stock Soars as Company Forecasts Record Q2 Results, Unveils Debt Reduction Plan
Everi Holdings (NYSE:EVRI) stock is soaring Monday. That's after the gaming machine manufacturer pre-announced second-quarter results that top Wall Street forecasts, while revealing plans to refinance debt at favorable terms. The announcement by the Las Vegas-based company has the shares higher by...
Churchill Downs Stock Deserves Premium Multiple, Says Analyst, Cites Significant Upside
Racetrack operator Churchill Downs (NASDAQ:CHDN) has avenues for equity upside and warrants a premium valuation relative to peers. Those are the sentiments of Macquarie analyst Jordan Bender, who, in a note to clients today, initiated coverage of the gaming stock with an...
Penn National Stock Forecasts Create Division Among Analysts
Sixteen analysts cover Penn National Gaming (NASDAQ:PENN) stock, and while there's not an overt consensus on the regional casino operator, the sell-side leans bullish. But it's price targets that are a source of dissent among analysts following the name. Barron's recently screened...
BetMakers Stock Halted in Sydney Pending ‘Material Acquisition’ Announcement
BetMakers Technology Group (ASX:BET) stock was halted today by the Australian Stock Exchange (ASX). It came at the request of the sportsbook operator pending the announcement of a “material acquisition.” In a statement revealing the halt, ASX included a letter from Charly...
US Sports Betting Handle Doubles from Pre-Pandemic Levels, Says Canaccord Genuity
Aided by more states joining the live and legal party, the US sports betting handle more than doubled from the levels seen prior to the coronavirus pandemic, according to Canaccord Genuity. Today, there are 21 states and Washington DC where sports betting...
Biology Teacher Bookie Turned Inside Trader Hit with $1 Million Ruling
A California high school biology teacher that took illicit sports wagers also dabbled in insider trading, and that pursuit will cost him close to $1 million. Federal prosecutors are demanding Benjamin Wylam pay back $999,000 of more than $1 million he made...
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...
