5215 stories by Todd Shriber
PlayUp Raises $25 Million, Targeting US Sports Wagering Market
Australian gaming company PlayUp said it raised $25 million in an equity offering. These proceeds will be used for the operator's US expansion plans. The developer of Australia's first daily fantasy sports (DFS) platform, Sydney-based PlayUp said the capital raise was over-subscribed....
Everi Earnings Excite, Analyst Says Stock Has Double Potential
Everi Holdings (NYSE:EVRI), the maker of gaming machines, delivered better-than-expected third-quarter results, prompting an analyst that's long been bullish on the name to up his forecasts. After the close of US markets Monday, the Las Vegas-based company said it lost a penny...
MGM Growth Properties Mulls Run at Las Vegas Sands Strip Assets
MGM Growth Properties (NYSE:MGP) could consider buying the Venetian, Palazzo, and Sands Convention Center if the gaming real estate investment trust (REIT) can find the right operator to partner with. On a Monday conference call with analysts and investors to discuss the...
Bryson DeChambeau, DraftKings Ink First Deal Between PGA Player, Online Gaming Firm
US Open champion Bryson DeChambeau and DraftKings announced a branding and marketing partnership today that the two sides say is the first between an active PGA tour player and a gaming company. It signals potential change among golf's reputation for usually bland...
Golden Entertainment Stock Has Glittery Potential, According to Analyst
Golden Entertainment, Inc. (NASDAQ:GDEN) stock could be the next big thing among gaming equities. One analyst says the Strat operator is likely to report a significant earnings beat when it delivers quarterly results on Thursday. In a note to clients today, Roth...
Wynn Stock Earns Morgan Stanley Upgrade, Bank Calls it Favored Cyclical Play
Wynn Resorts (NASDAQ:WYNN) is starting November on a strong note. It's rallying on the back of an upgrade by Morgan Stanley. The bank raised its rating on shares of the Encore operator to “overweight” from “equal-weight,” while lifting its price target on...
VICI Properties Pumps Brakes on Caesars Strip Real Estate Purchase
VICI Properties (NYSE:VICI) is halting a $103.5 million transaction in which it was to acquire 23 acres of undeveloped land on the Las Vegas Strip from Caesars Entertainment (NASDAQ:CZR). But it's possible the deal will be revisited in the future. In June,...
NFLPA Takes Stake in Daily Fantasy Purveyor Monkey Knife Fight
The NFL Players Association (NFLPA), the labor union for the league's athletes, is capitalizing on its strongest currency, its members. It is taking a financial stake in daily fantasy sports (DFS) operator Monkey Knife Fight (MKF). The financial terms of the transaction...
WynnBET Lands NASCAR Betting Deal, Applies for Virginia Sports Betting License
Today, Wynn Resorts' WynnBET unit announced a multi-year national sports betting partnership with NASCAR. The casino resort is eyeing a larger scale rollout across the country in the future. The two sides revealed the deal in Martinsville, Va., home to the fabled...
MGM Q3 Results Zapped by Strip Weakness, Miss Estimates
MGM Resorts International (NYSE:MGM) reported third-quarter results Thursday that missed Wall Street estimates, confirming recovery on the Las Vegas Strip is a slow-moving process. The Bellagio operator lost $1.08 a share on revenue of $1.13 billion during the July through September period....
