5402 stories by Todd Shriber
DraftKings Stock Stung by Illinois Registration Decision, MLB COVID-19 Postponements
Shares of DraftKings (NASDAQ:DKNG) are slumping Monday, with the stock being hit on multiple fronts, including Illinois political decisions and postponements of Major League Baseball (MLB) games because of COVID-19 outbreaks among players. Once-hot DraftKings stock is lower by nearly seven percent...
Rush Street Interactive Close to Confirming Public Debut, SPAC Deal Values Company at $1.8B
Rush Street Interactive, the online casino business of Rush Street Gaming, is reportedly close to announcing it will go public via a merger with a special purpose acquisition company (SPAC). It is a transaction valuing the gaming firm at $1.8 billion. Citing...
Rush Street Interactive Considering Public Life in Deal with SPAC dMY Technology
Rush Street Interactive could be the latest in a growing line of gaming technology firms to become publicly traded via a deal with a special purpose acquisition company (SPAC). Citing unidentified sources, Bloomberg reports that the developer of real money and social...
Las Vegas Sands Still Favored by Analysts Despite Weak Q2 Results
Shares of Las Vegas Sands (NYSE:LVS) are trading lower today, a day after the company reported a wider-than-expected second-quarter loss and a revenue decline of 97.1 percent. But some sell-side analysts are still bullish on the stock. An adjusted loss of $1.05...
Sands Misses Q2 Estimates as Macau Revenue Tumbles 98 Percent, Has Cash to Survive 18 Months or More
Las Vegas Sands (NYSE:LVS) reported second-quarter results below an already low bar, with the Venetian operator saying revenue plunged 97.1 percent to $98 million in the April through June period. On a net basis, the company lost $985 million in the quarter,...
Wynn Reportedly Furloughing Undisclosed Number of Vegas Staffers
In response to dwindling visits to Las Vegas amid a recent spike in coronavirus cases, Wynn Resorts will reportedly furlough some Sin City employees. The news was originally reported by the Las Vegas Review-Journal following speculation by Vital Vegas about the outcome...
SciPlay Scintillating for Investors as Analyst Forecasts More Upside
Social casinos delivered epic revenue growth in the second quarter, helping shares of SciPlay Corp. (NASDAQ:SCPL) more than double off the March lows. At least one analyst covering the company sees more upside ahead. Macquarie gaming and leisure analyst Chad Beynon recently...
Twin River Will Rename Isle of Capri Kansas City, Put $61 Million Into Refurbishing Casino
Twin River Worldwide Holdings (NYSE:TRWH) has plans for the recently acquired Isle of Capri Casino in Kansas City, Mo., including a name change. Rhode Island-based TRWH will rename the gaming property “Casino KC” and allocate $61 million to enhancing the riverboat casino,...
LVS Earnings Looming, Analysts See Macau Concessionaires Bleeding $1 Billion Combined in Q2
Gaming industry second-quarter earnings start rolling in this week, and for the operators with Macau exposure, the numbers are going to be dreadful. Some analysts are forecasting a combined loss of $1 billion for the special administrative region's (SAR) six concessionaires. In...
GAN Lands Stock Higher Price Target as Analyst Raves About Q2 iGaming Numbers
Shares of GAN Ltd. (NASDAQ:GAN) are soaring Tuesday after Macquarie gaming and leisure analyst Chad Beynon reiterated an outperform rating on the gaming software maker. He also lifted his price forecast on the stock to $29 from $24. GAN stock debuted in...
