5083 stories by Todd Shriber
Skillz Ups 2021 Revenue Guidance, Hits Back at Short Reports on Earnings Call
Skillz Inc. (NYSE:SKLZ) raised its 2021 revenue forecast Tuesday, announced a new chief financial officer (CFO), and finally hit back at recent bearish reports against the gaming company. But the shares fell in after-hours trading. The mobile games developer said it now...
Penn National Stock Bounce to Be Led by Land Casinos, Says Hedgeye Analyst Jordan
Penn National Gaming (NASDAQ:PENN) stock is often seen as a play on the boom of internet casinos and online sports betting. While that's accurate, it could be the company's brick-and-mortar venues that help the shares regain lost momentum. Since hitting an all-time...
Red Rock Resorts Offloads Palms Casino to San Manuel for $650 Million in Cash
Red Rock Resorts, Inc. (NASDAQ:RRR) said today its Station Casinos unit is selling the Palms Casino Resort in Las Vegas. The buyer for $650 million in cash is the San Manuel Band of Mission Indians, ending roughly a year of speculation regarding...
Better Collective Bests DraftKings, FanDuel in $240 Million Deal for Action Network
Danish betting analytics provider Better Collective is buying The Action Network for $240 million in cash and equity, extending a growing list of dealmaking between betting companies and media outlets. The Denmark-based company said the transaction will help it boost US revenue...
Genius Sports Jumps Into Free-to-Play Games Space with FanHub Acquisition
Sports betting data provider Genius Sports (NYSE:GENI) is entering the free-to-play (F2P) games arena with the purchase of FanHub Media Holdings. Financial terms of the deal, which was announced today, weren't disclosed. London-based Genius didn't say if the acquisition will add to...
DraftKings Stock Gets Modest Boost from Cowen Upgrade
DraftKings (NASDAQ:DKNG) stock is trading modestly higher Monday with the help of a sell-side upgrade. Cowen analyst Stephen Glagola boosted his rating on the daily fantasy sports (DFS) provider to “outperform” from “market perform,” while lifting his price target on the name...
Penn National Buys HitPoint Studios, LuckyPoint to Fortify New Gaming Unit
Penn National Gaming (NASDAQ:PENN) has announced the creation of Penn Game Studios (PGS). It is a unit dedicated to developing new online casino games, and a recent acquisition is aimed at bolstering that fresh business. The Pennsylvania-based casino operator said it's purchasing...
Caesars Auction of William Hill Betting Shops Likely to Draw 888 Holdings, Apollo
Caesars Entertainment (NASDAQ:CZR) put the finishing touches on its $3.69 billion takeover of William Hill less than two weeks ago. As is widely expected, the gaming giant will soon auction off the British bookmaker's 1,400 retail shops. The Las Vegas-based casino operator...
Century Casinos Stock Scintillates, Analyst Says Run Isn’t Done
After soaring more than 23 percent this week, Century Casinos (NASDAQ:CNTY) is up 106 percent year-to-date. That easily makes it one of the best-performing gaming equities. Those just now discovering the regional casino operator can take heart, because analysts see more upside...
FanDuel Listing Won’t Include FOX Bet, PokerStars, Says Flutter CEO Jackson
A potential spin-off the FanDuel business won't include the FOX Bet and PokerStars brands, businesses Flutter Entertainment (OTC:PDYPY) CEO Peter Jackson describes as “struggling.” Jackson made the remarks on the Irish company's first-quarter earnings call yesterday. It potentially deals a blow to...
