5215 stories by Todd Shriber
888 Holdings Recommended as Play on Bidding for William Hill Non-US Assets
Caesars Entertainment (NASDAQ:CZR) is expected to initiate the sale process of William Hill's international assets this quarter and could announce a buyer at some point in the second half of 2021. One analyst views 888 Holdings as a way for investors to...
Caesars, DraftKings, Score Media Picked as Canada Sports Bet Winners
In a widely anticipated move, Canada passed single-game sports wagering Tuesday. Wall Street analysts moved swiftly to highlight gaming equities positioned to capitalize on the new, potentially lucrative market. The list includes US-based operators such as BetMGM, Caesars Entertainment (NASDAQ:CZR), DraftKings (NASDAQ:DKNG),...
North American iGaming, Sports Betting Market Could Reach $42B, Says CFRA
The familiar catalysts of rising consumer penetration and increasing state-level legalization could drive the North American online casinos and sports wagering market to $42 billion, according to CFRA Research. In a note to clients, analysts Andrew Tam and Tuna Amobi point out...
Codere Online Merging with SPAC DD3, Will Be First Publicly Traded LatAm Online Betting Firm
Internet casino and online sports wagering operator Codere Online said today it's merging with special purpose acquisition company (SPAC) DD3 Acquisition Corp. II (NASDAQ:DDMX). That paves the way for the target to become Latin America's first publicly traded online gaming firm. The...
Playstudios Completes Merger with Jim Murren SPAC, Debuts as Public Company Tuesday
Social casino developer Playstudios, Inc. launches as a standalone publicly traded entity Tuesday. That's after completing its merger with special purpose acquisition company (SPAC) Acies Acquisition Corp. (NASDAQ:ACAC). Acies, a blank-check firm started by former MGM Resorts International (NYSE:MGM) CEO Jim Murren,...
Shalom Meckenzie Sold $34M Worth of DraftKings Stock Day Before Hindenburg Report Released
DraftKings (NASDAQ:DKNG) board member Shalom Meckenzie divested $34 million worth of the sportsbook operator's shares on June 14. That's just a day before Hindenburg Research revealed a short position in the gaming stock while publishing a bearish report blasting the company. On...
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...
