4982 stories by Todd Shriber
Everi Cruises Higher as Analyst Highlights Cashless Gaming Opportunity
Shares of Everi Holdings (NYSE:EVRI) are higher by more than seven percent in late trading after BTIG analyst Mark Palmer started coverage of the gaming device maker. He noted the company is well-positioned to capitalize on casinos' shift to cashless gaming. Palmer...
Jim Murren, ex-MGM Boss, Could Be Next Big Name in Scorching SPAC Space
Former MGM Resorts International (NYSE:MGM) CEO Jim Murren is reportedly considering launching a special purpose acquisition company (SPAC) with a pair of ex-investment bankers, leveraging his experience in the gaming industry. Murren left the helm of the Bellagio operator in March to...
DraftKings Jumps on More Analyst Chatter, Accel Illinois Deal
DraftKings (NASDAQ:DKNG) stock is soaring for a second consecutive day Wednesday, after another analyst endorsed the name and on news of a gaming machine deal with Accel Entertainment (NYSE:ACEL) in Illinois. Sell-side commentary on the sportsbook operator is brisk to start this...
Station Casinos Parting With 97 Reno Acres, Including Site of Unrealized Casino
Station Casinos is reportedly selling 97 acres worth of land in Reno, Nev., including an eight-acre parcel that was an on-again, off-again proposed casino site. The gaming company, which is controlled by Red Rock Resorts (NASDAQ:RRR), listed the pair of sites for...
DraftKings Combination of High Marketing Costs, Lofty Valuation Concerning, Say Analysts
DraftKings (NASDAQ:DKNG) is a prime example of a stock in the limelight, as the US sports betting market rapidly expands this year. But some on Wall Street are concerned about the familiar issues of costs and valuations. DraftKings went public in April...
Wynn Whimpers Following Goldman Downgrade, Bank Sees ‘Limited Upside’
Shares of Wynn Resorts (NASDAQ:WYNN) are lower by four percent in midday trading Tuesday. That's after Goldman Sachs lowered its rating on the gaming company to “neutral” from “buy,” while removing the stock from its prestigious Conviction Buy List. Predictably, Goldman cites...
Penn National Rallies as Barstool App Launch Nears, BofA Analyst Lauds Stock
Shares of Penn National Gaming (NASDAQ: PENN) are standing out after the company said it's close to rolling out the Barstool Sportsbook betting application in its home market of Pennsylvania. An analyst called the company one of the top names to own...
Macau GGR Trending Higher to Start September, Big Decline Still in Offing
Gross gaming revenue (GGR) in Macau is ticking higher this month, suggesting relaxed travel policies are starting to pay off. But another big year-over-year decline is still in the cards. Buoyed by mass market players and VIPs, GGR in the world's largest...
DraftKings, FanDuel, PointsBet Refund Djokovic Bets After Stunning Default out of US Open
DraftKings, FanDuel, and PointsBet said Sunday gamblers backing Novak Djokovic at the US Open will have select wagers refunded. That's after the world number one shockingly defaulted out of the Grand Slam event after accidentally striking a line judge with a ball....
Monkey Knife Fight Buys Rival FantasyDraft as Consolidation Hits DFS Space
Mergers and acquisitions activity in the gaming industry is making its way to the daily fantasy sports (DFS) segment, as Monkey Knife Fight (MKF) is purchasing rival FantasyDraft. FantasyDraft clients have already been informed of the move, and the transaction is slated...
