4982 stories by Todd Shriber
Penn National Capitalizing on Hot Stock with Secondary Offering, Investors Balk
Penn National Gaming (NASDAQ:PENN) slumped Thursday after the company said it's selling 14 million shares of equity. It's a move that will raise capital, but also dilute current investors. On the news, the stock is lower by more than three percent in...
Colorado Sports Betting Continues Hot Streak, August Handle More Than Doubles
August was just the fourth month in which sports wagering was live and legal in Colorado. But the Centennial State is showing it's a force to be reckoned with in the West, as its total handle for the eighth month of the...
DraftKings, Penn National Chasten Bearish Traders
Broadly speaking, gaming equities are profitable for short sellers this year, owing in large part to first-quarter slumps prompted by the coronavirus pandemic. But DraftKings (NASDAQ:DKNG) and Penn National Gaming (NASDAQ:PENN) are among the names making life uncomfortable for bearish traders. Short...
Macau Recovery Depends on Mass Market, VIPs ‘Under Pressure,’ Says Credit Suisse
Rebound hopes for Macau's still ailing gaming industry lie squarely with mass market players, as tighter regulatory controls potentially crimp VIPs, according to Credit Suisse. Beijing is cracking down on junkets and money transfer channels often used by high-end gamblers looking to...
Barstool Sportsbook Trounces App Download Marks Held by DraftKings, FanDuel
Despite just a single state launch, Penn National Gaming's (NASDAQ:PENN) Barstool Sportsbook app throttled records previously held by rivals DraftKings and FanDuel. The much-ballyhooed sports betting platform, a collaboration between Penn National and Barstool Sports, had a three-day soft launch in Pennsylvania last...
Caesars Offers ‘Transformational Value’, Sports Betting Spinoff Possible Before Year End
Caesars Entertainment (NASDAQ:CZR) is likely in advanced talks with William Hill (OTC: WIMHY) on a joint venture that would see the operators spin off a combined online casinos and sports wagering business, perhaps as soon as this year, according to an analyst....
Bank of America Bullish on Barstool App, Lifts Penn National Target to $85
Penn National Gaming's (NASDAQ:PENN) first test of its relationship with Barstool Sports, that being the Barstool Sportsbook mobile application, appears to be going well. Wall Street is taking note. The gaming company launched the highly anticipated sports wagering app across its home...
Las Vegas Sands, MGM, Other Gaming Stocks Pounded Amid Renewed COVID-19 Fears
Gaming equities are following broader markets lower Monday, as investors fret about the potential of another wave of coronavirus cases in the US. Specific to travel and leisure stocks, Wall Street is growing pensive regarding the return to normalcy time line. It's...
HG Vora Buys $149 Million William Hill Stake, Stokes Sale Chatter
HG Vora Capital Management, an activist hedge fund with long-running experience in gaming equities, has reportedly bought 5.1 percent of William Hill's shares outstanding (OTC:WIMHY). The deal, valued at nearly $149 million, fuels speculation the firm could push for a sale of...
Barrett Leads SCOTUS Nominee Race, Lagoa Contending, Say Betting Markets
Amy Coney Barrett is the front-runner to replace the late Ruth Bader Ginsburg on the Supreme Court of the United States (SCOTUS). But the Seventh Circuit Court of Appeals judge could be credibly challenged by Barbara Lagoa, among others, according to betting...
