5138 stories by Todd Shriber
DraftKings Stock Haircut Could Give Way to Buying Opportunity
DraftKings (NASDAQ:DKNG) stock is in a tailspin. It's down more than eight percent today, extending a 23 percent slide from its March highs. Some market observers believe that retrenchment is making shares of the sportsbook operator more attractive, and that the stock's...
Bally’s Expanding Content Offerings on Sinclair Sports Networks
Bally’s Corp. (NYSE:BALY) is broadening its partnership with Sinclair Broadcast Group to include new, original content. It's a move that could eventually include the gaming company working with the media outfit's Sinclair's Tennis Channel and Stadium units. The news arrives about six...
Scientific Games Ratings Outlook Lifted as Moody’s Sees Strong COVID-19 Rebound
Gaming equipment manufacturer Scientific Games (NASDAQ:SGMS) saw its credit rating outlook boosted to “stable” from “negative” by Moody's Investors Service. The research firm points to a strong post-coronavirus recovery for the slots maker. Las Vegas-based Scientific Games still carries a B3 credit...
Fox Takes Gloves Off, Could Yank FanDuel from Air in Flutter Legal Dispute
Fox Corp. (NASDAQ:FOXA) apparently isn't holding back in its legal spat with Flutter Entertainment (OTC:PDYPY). The media company is rumored to be threatening to pull the Irish gaming firm's FanDuel brand from its airwaves. The speculation is tied to a suit the...
MGM CEO Hornbuckle Says Las Vegas Is Back, Eyes Foothold in New York Sports Betting
MGM Resorts International (NYSE:MGM) CEO Bill Hornbuckle says the Las Vegas recovery trajectory is solid, and the gaming company is taking steps to rejuvenate vital convention business that suffered at the hands of the coronavirus pandemic. Earlier this week, the largest operator...
NFL Lands Genius Sports Stock Worth Almost $450 Million Tied to Data Agreement
The NFL is getting a plumb deal on Genius Sports stock related to the parties' recently announced six-year data agreement. The sports betting data provider is granting the most popular domestic sports league 22.5 million equity warrants at a penny apiece. Based...
Century Casinos Stock Soaring, But Still Cheap, Says Analyst
Century Casinos (NASDAQ:CNTY) stock is up a scintillating 78 percent year-to-date and 39.47 percent over the past month. But it's not expensive. That's the view of Union Gaming analyst John DeCree, who reiterates a “buy” rating and $15 price target on the...
MGM, Wynn Resorts Hunting for Big-Time Development Opportunities, Says Moody’s
MGM Resorts International (NYSE:MGM) and Wynn Resorts (NASDAQ:WYNN) will mull new, large-scale development opportunities around the world. That could result in the operators taking on significant debt, according to Moody's Investors Service. The research firm made the comments as part of fresh...
Esports Technologies Eyeing IPO up to $10 Million, Could Debut Next Week
Las Vegas-based Esports Technologies is planning an initial public offering (IPO) in which it could raise up to $10 million. The company could list on the Nasdaq Stock Market as soon as next week. In an S-1 filing with the Securities and...
Fox Claims to Have Contract with Flutter for Fastball Price on FanDuel Investment
Things between Flutter Entertainment (OTC:PDYPY) and Fox Corp. (NASDAQ:FOXA) are getting testy. The former eyes a spin-off of the FanDuel business, and the latter seeks a position in the online sportsbook operator on favorable terms. A source familiar with the matter told...
