5449 stories by Todd Shriber
Flutter, William Hill Draw High Praise From Goldman Sachs, JPMorgan
British bookmakers Flutter Entertainment (OTC:PDYPY) and William Hill (OTC:WIMHY) continue earning praise from research firms, with Goldman Sachs and JPMorgan chiming in on the names today. The two sportsbook operators have dominant share in their home market of the UK. But analysts...
Eldorado Close to Completing Caesars Deal, Financing Efforts Help, Says Analyst
It's been a brisk week of capital raising by Eldorado Resorts Inc. (NASDAQ:ERI), with at least one analyst saying the gaming company's financial maneuvering strengthens its cash position. He added that could be a catalyst to finalize the $17.3 billion takeover of...
Boyd, Penn National Leaders as Regionals Rebound, Says Bank of America Analyst
Regional operators, including Boyd Gaming (NYSE:BYD) and Penn National Gaming (NASDAQ:PENN), are benefiting as their properties come back online following the coronavirus shutdown. But a Bank of America (BofA) analysts sees other favorable fundamental tailwinds for the group. In a note to...
GAN Tantalizes Investors With Talk of Lucrative Mystery Client
GAN Ltd. (NASDAQ:GAN) delivered its first earnings report as a Nasdaq-listed entity on Tuesday. But the nugget investors are talking about is a mystery “Tier 1” client that could represent $300 million to $400 million in annual revenue. The gaming software maker,...
ROAR Digital Inks Deal with Oregon Tribe, Will Open BetMGM Sportsbook, Eyes Mobile Wagering
ROAR Digital, the sports wagering venture between MGM Resorts International (MGM) and GVC Holdings (GVC), reached an agreement with the Confederated Tribes of Grand Ronde of Oregon to be the tribes' exclusive sports betting partner. Financial terms of the deal weren't disclosed,...
Circa Casino Defies Coronavirus Headwinds, Will Open Two Months Ahead of Schedule
The Circa Resort & Casino, the newest baby of real estate and gaming mogul Derek Stevens, is avoiding construction roadblocks that could have arisen from the coronavirus pandemic. It is slated to open in downtown Las Vegas on Oct. 28 – two...
DraftKings Finds Good Timing With Secondary Offering, Says Oppenheimer Analyst
DraftKings (NASDAQ:DKNG) is encountering some good timing with news of a secondary equity sale in which the sportsbook operator will market another 14 million shares. The daily fantasy sports (DFS) giant revealed the offering in a filing with the Securities and Exchange...
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...
