5402 stories by Todd Shriber
DraftKings Forecasts Q2 Revenue Well Above Consensus, Shares Slide on Secondary Offering News
In a Form S-1 filing with the Securities and Exchange Commission (SEC), DraftKings (NASDAQ:DKNG) forecast second-quarter revenue that's well above consensus estimates. The filing, released today after the close of US markets, indicates the daily fantasy sports (DFS) company and sportsbook operator...
William Hill Recovery ‘Strong,’ US Topping Expectations, Company Unveils Massive Share Sale
William Hill Plc, one of the largest sportsbook operators, said there's evidence of a strong recovery in betting markets as the sports calendar grows fuller and that the US region is topping internal estimates. The UK-based bookmaker added that it's planning a...
Caesars Reopenings Hindered by Nevada Regulations, Regionals Prove Steady
Caesars Entertainment (NASDAQ:CZR) said revenue in Nevada during the recent reopening of gaming venues there declined from the year earlier period. But there was some modest top line growth at its regional properties that came back online following the coronavirus shutdown. In...
Eldorado Makes Cash Call, Raises About $1.2 Billion in Share Sale, VICI Deals
Eldorado Resorts (NASDAQ:ERI) is pulling some levers to raise cash, saying Monday that it plans to sell 18 million shares of stock and that it struck two deals with VICI Properties (NYSE:VICI) worth a combined $503.5 million. The announcements were made after...
Flutter, William Hill Earn Bullish Price Revisions, Analyst Cites US Opportunity for UK Gaming Firms
Flutter Entertainment, the parent company of FanDuel, is among the British bookmakers on the receiving end of bullish commentary from Jefferies analyst James Wheatcroft today. In a note to clients, Wheatcroft reiterated “buy” ratings on Flutter, GVC Holdings Plc, Playtech, and William...
Boyd Gaming Eyeing Up to 1,500 Layoffs in Louisiana
Boyd Gaming could lay off as many as 1,500 workers across its five Louisiana venues, according to a notice with the state Gaming Control Board (LGCB). Amid the coronavirus pandemic, Gov. John Bel Edwards ordered Pelican State casinos to close on March...
Penn National Becomes Hit Among Retail Investors as Portnoy Rankles Wall Street Establishment
Since the March 23 market bottom, Penn National Gaming (NASDAQ:PENN) is the best-performing name in a basket of stocks constructed by Goldman Sachs. The collection tracks equities retail investors are growing fond of over the past several months. Shares of the regional...
Wynn Says Macau Unit Losing $2 Million per Day in Q2 with Revenue Down as Much as 97.6 Percent
In a new 8-K filing with the Securities and Exchange Commission (SEC), Wynn Resorts confirms its Macau unit continues struggling in the wake of the coronavirus shutdown. It is losing roughly $2 million per day in the first two months of the...
DraftKings Has Colossal Day at Colonial as 1st-Round Bets Shatter Previous Tournament Records
Before the first day of play concluded at the Charles Schwab Challenge, DraftKings said it booked more wagers than it had any on prior four-round golf tournament. That proves that there really was something to the notion of pent-up demand by bettors...
Las Vegas Sands Positioned to Capitalize on Macau Rebound, Says Analyst
Las Vegas Sands (NYSE:LVS) is still grappling with the effects of the coronavirus in Macau, the company's most important market. But at least one analyst says the operator has the offerings needed to capitalize on a rebound in the world's largest gaming...
