4982 stories by Todd Shriber
GameStop Sequel? Maybe Not, But fuboTV Has Epic Short Squeeze Potential
Streaming sports provider fuboTV (NYSE:FUBO) could potentially be another battleground for aggressive retail traders following the kerfuffle in GameStop (NYSE:GME) and some other heavily shorted stocks. Names such as GameStop and movie theater chain AMC Entertainment (NYSE:AMC) are epicenters of battles between...
The Athletic, BetMGM Strike Latest Betting/Media Partnership
BetMGM and The Athletic are teaming up in the newest agreement between a sportsbook operator and a media property. The financial terms of the pact weren't disclosed. But BetMGM is becoming the sports outlet's exclusive wagering partner in the US. News of...
Media Deals Could Drive $30 Billion of iGaming, Sports Betting Revenue by 2030
Internet gaming, media, and sports are now joined at the hip. The result of these formerly disparate enterprises joining forces is big business, with one research firm forecasting more than $30 billion worth of iGaming and sports wagering revenue by 2030, all...
Macau Operator EBITDA Could Return to 2019 Levels in Late 2021
It's possible that Macau's gaming industry returns to profitability metrics seen prior to the coronavirus pandemic earlier than expected, according to a Chinese investment bank. In a recent note, China International Capital Corp (CICC) analysts covered the six concessionaires in the world's...
Jim Murren SPAC Acies Acquisition in Talks to Take MGM-Supported Playstudios Public
Blank-check firm Acies Acquisition Corp. (NASDAQ:ACACU) is proving who you know is always important in business. The special purpose acquisition company (SPAC) created last year by former MGM Resorts International (NYSE:MGM) CEO Jim Murren, Dan Fetters, and Edward King is reportedly in...
Robert Goldstein, Purported Online Sports Betting Backer, Replaces Sheldon Adelson at Las Vegas Sands
Las Vegas Sands (NYSE:LVS) has removed “acting” from Robert Goldstein's titles as chairman and chief executive officer. It makes the longtime executive the company's first permanent leader following the death of Sheldon Adelson earlier this month. Goldstein, 64, took the reins as...
Goldman Upgrade Golden for DraftKings Stock, Shares Soar, Helped by Michigan Forecast
DraftKings (NASDAQ:DKNG) stock is one the best-performing equities Tuesday after Goldman Sachs analyst Stephen Grambling upgraded the name. In late trading, shares of the sportsbook operator are higher by about 6.70 percent after Grambling lifted his rating on the stock to “buy”...
Las Vegas Recovery Trends: Devil in Search Details
Gaming companies and investors looking to assess the rebound trajectory of Las Vegas can glean insight from internet search trends. In a note to clients, Macquarie analyst Chad Beynon points out that near-term “looks and books” aren't encouraging due to COVID-19 protocols....
Genting Malaysia Will Support Resorts World New York If Needed, Says Fitch
Genting Malaysia (GenM) could step in to support its New York unit if that business encounters financial difficulty in the future, according to Fitch Ratings. GenM is the gaming company behind the Resorts World brand. Genting New York LLC (GenNY), the operator...
Caesars Dips Into Daily Fantasy Sports with SuperDraft Stake, Has Option to Own
Caesars Entertainment (NASDAQ:CZR) is making a minority equity investment in daily fantasy sports (DFS) provider SuperDraft, Inc. That could eventually lead to the casino giant owning 100 percent of the privately held firm. Details of the deal, including the exact size of...
