5456 stories by Todd Shriber
DraftKings Lands Morgan Stanley Coverage, Bank Sees ‘Best-in-Breed’ Sports Betting Opportunity
Newly public DraftKings (NASDAQ:DKNG) is trading modestly higher Thursday after Morgan Stanley initiated coverage of the daily fantasy sports (DFS) behemoth and sportsbook operator with an “outperform” rating and a $23 price target. That price target from analyst Thomas Allen implies upside...
Boyd Gaming Bounces Despite Ugly Q1, Analyst Sees ‘Compelling’ Long-Term Opportunity
Boyd Gaming (NYSE:BYD) is rallying Wednesday, trading higher by 2.34 percent even after the company reported an unexpected adjusted first-quarter loss. But the stock may be getting some support from bullish analyst commentary. The operator of The Orleans and Sam's Town in...
San Manuel Again Extends Closure Even as San Bernardino County Coronavrius Death Toll Steadies
San Manuel Casino, one of the giants of Southern California's tribal gaming landscape, is extending its coronavirus-induced closure for a third time. That's even as the fatality toll from the respiratory illness steadies in the gaming property's home county. The San Manuel...
Melco Resorts Issues Grim Forecast on Coronavirus Impact
Melco Resorts & Entertainment (NASDAQ:MLCO) said the coronavirus pandemic is having a material impact on its operations, the bulk of which are in Asia – one of the regions most hard hit by the respiratory illness. The operator of Altira Macau and...
GAN Eyes May IPO, Could Raise up to $34.5 Million in NASDAQ Listing
Online gaming software provider Gan Ltd. said today its upcoming initial public offering (IPO) will consist of 4.05 million shares priced between $6.50 and $8.50, meaning the company could raise up to $34.5 million in its US listing. It appears as though...
Twin River Gets Trio of Steals From Eldorado, Caesars in Recent Casino Buys
Twin River Worldwide Holdings (NYSE:TRWH) may be committing highway robbery. That's apparent in its purchases of the Eldorado Shreveport Resort and Casino in Louisiana, the MontBleu Resort Casino in Lake Tahoe, Nevada from Eldorado Resorts (NASDAQ:ERI) and Bally's Atlantic City from Caesars...
DraftKings Soars in NASDAQ Debut, Closes Below Opening Print as Investors See Long Road to Profitability
DraftKings (NASDAQ:DKNG) jumped 10.38 percent in its first day as a public company on Friday. But the newly minted stock closed below its opening print, as some investors ponder how long it'll take for the sportsbook operator to turn a profit. On...
DraftKings IPO Comes with Potential Governance Baggage
On Thursday, Diamond Eagle Acquisition Corp. (NASDAQ:DEAC) investors overwhelmingly voted in favor of a previously announced reverse merger with DraftKings and SBTech. That sets the stage for the combined entity to take the sportsbook operator's name and become a public company tomorrow,...
MGM Q1 Results Cramped by COVID-19, Mulls Taking CARES Act Cash
MGM Resorts International (NYSE:MGM) was likely net income negative in the first quarter, excluding one-time items, as revenue tumbled 29 percent because of gaming property closures forced by the coronavirus. The Las Vegas-based company is scheduled to report results for the first...
Wynn Las Vegas Coronavirus Closure Extended to May 22, According to Facebook Post
A post on the Wynn Slots Facebook page indicates the company's Las Vegas integrated resort will remain shuttered through May 22, as the city contends with the impact of the coronavirus. The post appeared on the social media platform on Wednesday, a...
