5139 stories by Todd Shriber
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...
Lakeside Inn and Casino in Nevada Auctioning Slots, Gaming Tables
Locals and gaming memorabilia enthusiasts may find some treasure at an upcoming auction featuring assets of the Lakeside Inn and Casino in Stateline, Nev. The 35-year-old casino, located just a mile over the California border, was a beloved destination for locals despite...
Full House Comes Up Aces on Q4 Results Reveal, Colorado Expansion Plans
On what's shaping to be a mostly bleak day for gaming equities, Full House Resorts (NASDAQ:FLL) is one of the positive standouts. That's after delivering a strong preliminary look at its fourth-quarter results. The regional gaming company forecast revenue of $37.8 million...
Bally’s Continues Acquisition Spree, Buys Fantasy Sports Provider Monkey Knife Fight
Bally's Corp. (NYSE:BALY) is extending its acquisitive ways, saying Monday it's buying daily fantasy sports (DFS) company Monkey Knife Fight (MKF). The transaction makes the gaming company the third operator to feature both DFS and sportsbook businesses under one umbrella, joining rivals...
Einhorn Bullish on fuboTV as Sports Fandom, Betting Become Interactive
Streaming service provider fuboTV (NYSE:FUBO) has the support of one of Wall Street's biggest names, a revelation that explains the stock's rally late last week. On news that David Einhorn’s Greenlight Capital was an early investor in the company and maintains a...
Boyd Gaming Near-Term Outlook Rough, But Long View Is Bright, Says Analyst
Boyd Gaming (NYSE:BYD), one of the dominant operators in downtown Las Vegas, could be challenged over the near-term because of the lingering coronavirus pandemic. But its long-term outlook is compelling. Those are the sentiments of Stifel analyst Steven Wieczynski, who, in a...
Caesars Stock Is Catalyst-Rich Story Bound to Hit Triple Digits, Says Analyst
Caesars Entertainment (NASDAQ:CZR) is higher by more than eight percent to start 2021 and 111 percent over the past six months. Citing an array of catalysts, one analyst says there's more upside where that came from for the Harrah's operator. In a...
