5254 stories by Todd Shriber
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...
DraftKings Media Grows with Dan Le Batard Podcast, Needham Analyst Bullish
DraftKings (NASDAQ:DKNG) continues moving further into the media landscape, announcing today it reached a content distribution agreement with Meadowlark Media. Meadowlark Media is the owner of Dan Le Batard’s network of shows. Financial terms of the agreement, which also includes monetization and...
