4983 stories by Todd Shriber
IAC Wagering on Online, Sports Betting, Takes $1 Billion MGM Stake
Flush with cash from the recent separation of online dating site Match, Barry Diller's IAC/InterActiveCorp (NASDAQ:IAC) is making a bet on the future of online gaming and rebound prospects in Las Vegas. The company is spending roughly $1 billion to amass a...
Penn National Is Sizzling, But Analyst Sees Unfavorable Near-Term Risk/Reward
On the back of a decent second-quarter earnings report delivered last week, and favorable comments from management on July and August booking trends, Penn National Gaming (NASDAQ: PENN) notched a jaw-dropping weekly gain of almost 45 percent. As impressive as that it...
Stars Casino Restores Gaming Operations With Outside Thinking, Literally
Stars Casino, a card room in Tracy, Calif., is bringing back gaming by moving the tables outside, a plan that went into effect today at noon local time. News of the reopening comes more than a month after California Gov. Gavin Newsom...
Caesars Draws Some Rave Wall Street Reviews Following First Earnings Report
Caesars Entertainment (NASDAQ:CZR) delivered its first earnings update as the largest US gaming company Thursday after the close of US markets. As expected, the June quarter numbers were dreadful because of the coronavirus shutdown, prompting analysts to focus more on management commentary....
PointsBet Going Big in Centennial State, Inks Deals with Three Colorado Pro Teams
Extending what's been a brisk stretch of activity in the US, PointsBet is solidifying its footprint in Colorado, saying it will become the official betting partner of three of the state's professional sports franchises. In a statement released earlier Friday, Australia-based PointsBet...
Wynn Cooperating with DOJ After Receiving Two Subpoenas Tied to Anti-Money Laundering Policies
Shares of Wynn Resorts (NASDAQ:WYNN) are lower by nearly three percent in midday trading Friday. That's after the company revealed in a 10-Q filing with the Securities and Exchange Commission (SEC) that it received two grand jury subpoenas in the first half...
Caesars Reports Q2 Loss, Reeg Says Decision on iGaming, Sports Unit Could Happen This Year
In its first earnings report in new form, Caesars Entertainment (NASDAQ:CZR) reported a loss of $100 million on revenue of $126.5 million, down from net income of $18.9 million a year earlier. But the stock rose modestly in Thursday's after-hours session, extending...
TheScore Raises $25 Million in Share Sale, Aims for US Sports Betting Expansion
Shares of Score Media and Gaming Inc. (OTC:TSCRF) slumped in the US Thursday, after the Canadian sports betting and media company revealed it sold 38.5 million shares of stock in a secondary offering, raising $25 million in the process. Regardless of industry,...
Century Casinos Earns Applause for Selling Calgary Gaming Venue
Century Casinos (NASDAQ:CNTY) is selling its eponymous gaming establishment in Calgary, Canada for $7.5 million. While the price tag is small by industry standards, the company is earning praise from one analyst. Under the terms of the agreement, an entity known as...
Everi Excellence Possible as Analyst Boosts Estimates Through 2022 on Fintech, Gaming Beats
Gaming technology provider Everi Holdings (NASDAQ:EVRI) jumped 4.30 percent Wednesday, a day after the company reported second-quarter revenue that easily topped consensus estimates. That prompted at least one analyst to raise forecasts on the name through 2022. In a note to clients...
