4982 stories by Todd Shriber
DraftKings Selling up to $1.15 Billion in Convertible Notes, Could Fund Deals
DraftKings (NASDAQ:DKNG) said Monday it's selling up to $1.15 billion worth of convertible debt. A portion of it could be used to fund acquisitions. The daily fantasy sports (DFS) provider and online sportsbook operator is offering $1 billion in convertible notes coming...
MGM Stock Extends Rally as Jefferies Issues ‘Buy’ Rating, Price Target Raised to $50
MGM Resorts International (NYSE:MGM) is extending its bull run Monday, after Jefferies analyst David Katz raised his rating on the stock to “buy” from “hold.” The Katz call comes after the Mandalay Bay operator jumped almost five percent last week, boosting its...
Flutter Mulls FanDuel Spin-Off as Investors Push for DraftKings Valuation
Flutter Entertainment (OTC:PDYPY) is considering spinning out its FanDuel business and listing a portion of that unit on a US exchange. The Irish gaming giant made remarks to that effect today after a report surfaced Friday. Some investors are pressing the company...
Century Casinos ‘Attractive’ Idea for Margin Expansion, Pent-Up Demand Bets, Says Analyst
Century Casinos (NASDAQ:CNTY) stock surged 9.43 percent on Friday, racing to a new 52-week high. That came a day after the regional gaming company reported fourth-quarter earnings before interest, taxes, depreciation and amortization (EBITDA) that beat Wall Street forecasts. On Thursday, the...
Caesars, Penn National Get Big Index Promotion, Heading to S&P 500
Shares of Caesars Entertainment (NASDAQ:CZR) and Penn National Gaming (NASDAQ:PENN) are trading to the upside in Friday's after-hours session. That's on news that the pair of high-flying gaming stocks are heading to the S&P 500. In a statement issued after the close...
DraftKings, Penn, Other Sports Betting Stocks Calm Ahead of March Madness
Following some sizable gains earlier in the week, shares of DraftKings (NASDAQ:DKNG), Penn National Gaming (NASDAQ:PENN) and other sports wagering-related stocks are mostly docile in late trading Friday. But with the NCAA Tournament looming, that calm may not last long. With conference...
Sands Plans to Spend Some Venetian Sale Cash in Singapore
Las Vegas Sands (NYSE:LVS) will allocate some of the capital generated from its $6.25 billion sale of the Venetian and Sands Expo and Convention Center to Marina Bay Sands (MBS) in Singapore. COO and President Patrick Dumont confirmed the company will direct...
Matthew Peterson, Architect of $6M Sports Betting Fraud, Gets Eight Years, No Parole
Matthew Peterson, 51, the mastermind behind a $6 million sports wagering scheme, was sentenced to eight years and one month in federal prison without possibility of parole. In levying that punishment on Wednesday, US District Judge Howard Sachs also ordered Peterson, of...
Rush Street Interactive Rallies After Raising 2021 Guidance
Rush Street Interactive (NYSE:RSI) stock is higher by 13 percent in late trading. That puts the online casino operator on pace for one of its best intraday showings since going public last December, as the company smashed fourth-quarter estimates and raised 2021...
NeoGames Stock Hits Jackpot After Q4 Results, 2021 Guidance Impress
NeoGames (NASDAQ:NGMS) stock is soaring Thursday after the online lottery operator delivered fourth-quarter results and 2021 guidance that topped consensus estimates in its first earnings report as a public company. Late Wednesday, the Israeli company said it posted adjusted earnings before interest,...
