5215 stories by Todd Shriber
DraftKings Stock Gets Modest Boost from Cowen Upgrade
DraftKings (NASDAQ:DKNG) stock is trading modestly higher Monday with the help of a sell-side upgrade. Cowen analyst Stephen Glagola boosted his rating on the daily fantasy sports (DFS) provider to “outperform” from “market perform,” while lifting his price target on the name...
Penn National Buys HitPoint Studios, LuckyPoint to Fortify New Gaming Unit
Penn National Gaming (NASDAQ:PENN) has announced the creation of Penn Game Studios (PGS). It is a unit dedicated to developing new online casino games, and a recent acquisition is aimed at bolstering that fresh business. The Pennsylvania-based casino operator said it's purchasing...
Caesars Auction of William Hill Betting Shops Likely to Draw 888 Holdings, Apollo
Caesars Entertainment (NASDAQ:CZR) put the finishing touches on its $3.69 billion takeover of William Hill less than two weeks ago. As is widely expected, the gaming giant will soon auction off the British bookmaker's 1,400 retail shops. The Las Vegas-based casino operator...
Century Casinos Stock Scintillates, Analyst Says Run Isn’t Done
After soaring more than 23 percent this week, Century Casinos (NASDAQ:CNTY) is up 106 percent year-to-date. That easily makes it one of the best-performing gaming equities. Those just now discovering the regional casino operator can take heart, because analysts see more upside...
FanDuel Listing Won’t Include FOX Bet, PokerStars, Says Flutter CEO Jackson
A potential spin-off the FanDuel business won't include the FOX Bet and PokerStars brands, businesses Flutter Entertainment (OTC:PDYPY) CEO Peter Jackson describes as “struggling.” Jackson made the remarks on the Irish company's first-quarter earnings call yesterday. It potentially deals a blow to...
DraftKings Stock Sagging, But Guggenheim Sees Upside Coming
DraftKings (NASDAQ:DKNG) stock is mired in a slump. But that's not preventing some analysts from sticking with or starting new bullish outlooks on the name. Guggenheim analyst Curry Baker initiated coverage of the sportsbook operator today with a “buy” rating and a...
Chicago Not MGM Kind of Town, Says CFO Halkyard
MGM Resorts International (NYSEARCA:MGM) is weighing domestic expansion opportunities. But Chicago isn't part of those plans. CFO Jonathan Halkyard said there are complexities associated with bringing an integrated resort to the third-largest US city. That makes it an area the Bellagio operator...
Japan Reportedly Mulling Sports Betting Expansion by 2024, Could Be $65B Market
Japanese policymakers are rumored to be holding internal talks about expanding the country's regulated sports betting offerings to include the popular baseball and soccer leagues -- a move that, if made, could result in a sports wagering market worth an estimated $65...
Boyd Margin Story Impresses, Analyst Says M&A, Dividend Resumption Possible
Boyd Gaming (NYSE:BYD) reported better-than-expected first-quarter results on Tuesday. But the real story is ongoing margin expansion and signs that March traffic momentum is carrying over to April. That could be a sign the Orleans operator will deliver another round of impressive...
Golden Entertainment Stock Glitters, Offers Big Upside, Says Analyst
Already on a torrid pace, Golden Entertainment (NASDAQ:GDEN) stock offers significant appreciation potential. That's as the Las Vegas locals (LVLs) segment springs back to life and as more Californians flock to Nevada, among other factors, notes a sell-side analyst. B. Riley analyst...
