5082 stories by Todd Shriber
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...
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...
