5082 stories by Todd Shriber
FanDuel, DraftKings Lead March Sports Betting App Downloads, Says Bank of America
Buoyed by the return of the NCAA Tournament and a normalized sports calendar, FanDuel and DraftKings (NASDAQ:DKNG) led downloads of sports wagering mobile apps last month in the iOS App Store. In March, sports bettors placed related apps on their iPhones at...
Caesars, MGM Upgraded by Morgan Stanley, Bank Says ‘Demand for Vegas Is There’
In another sign that Las Vegas is on the mend, Morgan Stanley today upgraded Caesars Entertainment (NASDAQ:CZR) and MGM Resorts International (NYSE:MGM), citing strength in the largest domestic gaming hub. The bank raised its ratings on the largest Strip operators to “overweight”...
Genius Sports Nabs NFL Data Deal, Sends SPAC Shares Soaring
Sports betting data provider Genius Sports has won a deal with the NFL rumored to be worth up to $1 billion. It's news that sent shares of the blank-check firm on an upside tear, while dealing a blow to rival Sportradar. Financial...
Gaming and Leisure Properties Lauded as Lower-Risk Casino Real Estate Play
Gaming and Leisure Properties (NASDAQ:GLPI) stock is higher by more than two percent Thursday following an endorsement from a sell-side analyst. Initiating coverage of the gaming real estate investment trust (REIT), Mizuho Securities USA analyst Haendel St. Juste rates GLPI stock a...
Boyd Gaming Stock Has Array of Upside Sparks, Analyst Raises Estimates
Boyd Gaming (NYSE:BYD) stock is a catalyst-rich story, with plenty of levers to pull to generate upside, despite already being up 37.37 percent year-to-date. That's the take of Stifel analyst Steven Wieczynski, who, in a note to clients Thursday, reiterates a “buy”...
Macau Golden Week Less Restricted Than Chinese New Year, Says UBS
UBS expects the upcoming May Day Golden Week festivities in Macau won't be subject to the same travel restrictions as the Chinese New Year celebration. The scenario could benefit the special administrative region's (SAR) six concessionaires. The Swiss bank arrives at its...
VSiN Buy Adds to DraftKings Content Menu, Boosting Long-Term Earnings
On Tuesday, DraftKings (NASDAQ:DKNG) said it's acquiring Vegas Sports Information Network (VSiN). It's a move aimed at bolstering the sportsbook operator's content offerings and its quest for vertical integration. Financial terms of the deal weren't disclosed, but DraftKings will integrate VSiN's Las...
Monarch Casino Quality Brick-and-Mortar Idea, Says Analyst
Internet casinos and online sports betting are the hot investing topics in the gaming space. But there are some gems among land-based gaming operators, including Monarch Casino & Resort (NASDAQ:MCRI). In a note to clients, Stifel analyst Steven Wieczynski says Monarch stock...
Fox Sports Betting Stake Draws Barclay Raves, Says FanDuel Accretive to Shares
Fox Corp. (NASDAQ:FOXA) is a $23 billion broadcasting behemoth, but investors shouldn't sleep on the company's sports betting footprint. That's the sentiment of Barclays analyst Kannan Venkateshwar, who on Monday lifted his price target on the stock to $38 from $29 while...
GWM Asset Management Says William Hill Short on Caesars Takeover Details
Another money manager is claiming William Hill (OTC:WIMHY) didn't reveal enough information regarding Caesars Entertainment’s (NASDAQ:CZR) proposed $3.69 billion acquisition of the sportsbook operator. GWM Asset Management will reportedly contest the deal. They argue on the basis that William Hill's board of...
