5316 stories by Todd Shriber
Penn National Forecasts Q3 EBITDAR Above Estimates, Notes Boffo Bartsool Results
Penn National Gaming (NASDAQ:PENN) told investors late Tuesday third-quarter earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) and revenue will easily top estimates. The company highlighted another strong week of performance by the recently launched Barstool Sportsbook app....
GAN Backend Boost Makes it Top Online Gaming Idea, Says Analyst
Bolstered by soaring demand for gaming services and technology, GAN Ltd. (NASDAQ:GAN) could be a winning idea for investors as the US online casinos and sports betting industries expand, according to a Wall Street analyst. In a recent note to clients, Macquarie...
Penn National, Other Sports Betting Equities Slide After NFL Reveals Titans Coronavirus Cases
Penn National Gaming (NASDAQ:PENN) and other equities with sports betting exposure retreated Tuesday. That's after the NFL confirmed three Tennessee Titans players and five members of the team's personnel department tested positive for COVID-19. The team, along with its opponent from last...
BetMGM Overshadowed Sports Betting Player. Analyst Says It Shouldn’t Be.
BetMGM, the sports betting venture of MGM Resorts International (NYSE:MGM) and GVC Holdings Plc (OTC:GMVHF), enjoys the benefit of one of the gaming industry's most recognizable brands. But it's often overlooked relative to other online sports wagering rivals. UBS analyst Robin Farley...
Caesars, William Hill Acknowledge Takeover Discussions Valuing Bookmaker Near $3.7 Billion
Caesars Entertainment (NASDAQ:CZR) and William Hill (OTC:WIMHY) are reportedly confirming advanced negotiations regarding a takeover of the British sportsbook operator, valuing the company at $3.69 billion. The Caesars Palace operator is reportedly making a cash offer of 272 pence a share for...
DraftKings Enthusiasm Grows, Another Analyst Forecasts $65
DraftKings' (NASDAQ:DKNG) growth prospects continue luring bullish commentary on Wall Street, with Argus Research analyst John Eade joining the party with a positive view on the sportsbook operator. That's even though he acknowledges a lengthy road to profitability for the company. Eade...
Tekkorp Digital Joining Gaming SPAC Party, Eyes $300 Million IPO
Tekkorp Digital Acquisition is adding to the already brisk pace of special purpose acquisition companies (SPACs) with ties to the gaming industry looking to go public this year. It has revealed in a filing with the Securities and Exchange Commission (SEC) that...
Trip.com Aiding Macau Recovery, Doling out $22 Million in Travel Vouchers
Trip.com (NASDAQ:TCOM), the Chinese online travel reservations provider, is doing its part to help Macau's tourism-dependent economy rebound. They are offering $22 million worth of discounts to residents of mainland China to use when booking accommodations in the special administrative region (SAR)....
William Hill Confirms Receiving Apollo, Caesars Takeover Overtures
Shares of William Hill (OTC:WIMHY) are higher by 40 percent in midday trading Friday. That's after the sportsbook operator confirmed private equity firm Apollo Global Management (NYSE:APO) and Caesars Entertainment (NASDAQ:CZR) each approached the UK-based company about a potential takeover. That comes...
DraftKings Could Use Amazon, Netflix Playbook to Garner Dominant Market Share, Says Analyst
DraftKings (NASDAQ:DKNG) could use templates set forth by other well-known growth companies in their early stages as it moves to garner top-two positioning in the burgeoning iGaming and sports betting markets, according to an analyst that initiated coverage of the stock today....
