4982 stories by Todd Shriber
DraftKings Draws Applause as Analysts Fawn Over ESPN Agreement
DraftKings (NASDAQ:DKNG) stock is trying to extend a rally that started Monday, fueled by news of a wide-ranging agreement with ESPN. Today, sell-side analysts are chiming in on the deal, stoking elevated activity in the sportsbook operator's equity. In midday trading, volume...
Caesars Gets Tepid Review from Goldman Sachs, Bank Still Sees Catalyst-Rich Story
Count Goldman Sachs as the rare investment bank that's not overly enthusiastic about Caesars Entertainment (NASDAQ:CZR). Today, analyst Stephen Grambling initiated coverage of the newly formed casino goliath with a “hold” rating and a $56 price target, implying modest upside from the...
Score Media Wins Toronto Stock Exchange Promotion, Shares Surge
Score Media and Gaming, the operator of theScore and theScore Bet, said today its stock is graduating from the Toronto Venture Exchange to the more traditional Toronto Stock Exchange (TSE). Score's shares currently listed on the Toronto Venture Exchange will be delisted,...
Caesars, DraftKings Reach Landmark Deals With ESPN, Sportsbook Ads to Run on App, Website
Caesars Entertainment (NASDAQ:CZR) and DraftKings (NASDAQ:DKNG) each announced separate multi-year agreements with ESPN, providing for deep integration across the sports network's digital platforms. Under the terms of the pacts, the two gaming companies will be able to run advertising on ESPN.com, the...
MGM Dinged by Goldman Downgrade, Bank Has Preference for Penn, Portnoy
MGM Resorts International (NYSE:MGM) was downgraded today by Goldman Sachs, the bank saying it's concerned about the Las Vegas recovery trajectory, among other issues. Shares of the Mirage operator resided around $15 in early August, and are trading around $23 today. That's...
Louisiana Wins Unveiling Pro-Sports Betting Push During Saints Game
Louisiana Wins, an advocacy group supporting the legalization of sports wagering in the Pelican State, will run a commercial during Sunday's New Orleans Saints/Tampa Bay Buccaneers game urging voters to get behind sports betting. In June, Gov. John Bel Edwards (D-LA) signed...
Massachusetts University Leaders Tell State to Ban College Betting
Sports wagering isn't yet legal in Massachusetts. But in anticipation of that changing, presidents and athletic directors of eight universities in the state are pushing policymakers to ban betting on college athletics. In a letter to House Speaker Robert DeLeo, several university...
VICI Properties Lifts Dividend 11 Percent, Third Straight Hike Since Inception
VICI Properties (NYSE:VICI) said Thursday it's boosting its annual dividend 10.9 percent to $1.32 a share. VICI is the owner of Caesars Palace Las Vegas and a variety of other well-known domestic gaming properties. The new payout, which works out to 33...
Yokohama Mayor Open to Discussions with New Gaming Companies
Yokohama Mayor Fumiko Hayashi said she's willing to entertain conversations with gaming companies that previously haven't expressed interest in the city in an effort to hear out new approaches. Japan's ambitions to become a major integrated resort hub were dealt a blow...
Penn National Extends Torrid Pace, Analyst Tags it with Street High $80 Target
Penn National Gaming (NASDAQ:PENN) is extending its winning ways Thursday, trading higher by more than nine percent. That's after Rosenblatt Securities analyst Bernie McTernan commenced coverage of the stock with a “buy” rating and an $80 price forecast. The analyst's $80 estimate...
