5173 stories by Todd Shriber
DraftKings PT Cut by Macquarie, Still Compelling Idea
Price target lowered following tepid Q1 results, but analyst is still bullish Overall performance still solid Shares of DraftKings (NASDAQ: DKNG) rallied Monday, following other gaming stocks higher on news that the US and China made some progress on trade talks, fighting...
Sphere Stock Deeply Discounted, But Laden with Potential
Sphere Entertainment market cap doesn’t reflect opportunity set “Dolan discount” seen as partial culprit Wall Street believes shares are cheap Even with a nearly 16% gain this week, shares of Sphere Entertainment (NYSE: SPHR) are off 19.37% year-to-date -- a decline some...
NCAA Could Soon Lift Prohibition on Professional Sports Betting
NCAA currently bars athletes, coaches from betting on pro sports Reversal of policy could arrive as soon as June As legal sports wagering has expanded in the US following the 2018 Supreme Court ruling on the Professional and Amateur Sports Protection Act...
Melco Says City of Dreams Manila Review Advancing
Company says process to dispose of interest in Philippines casino is progressing No firm timeline given for official announcement Melco Resorts & Entertainment (NASDAQ: MLCO) noted incremental progress has been made on the operator’s strategic review of alternatives for its City of...
Zero Edge Founder Kim Charged by SEC in Crypto Casino Fraud
He lost an estimated $3.7 million in investor capital on betting, crypto trading He previously admitted to problematic wagering habits The Securities and Exchange Commission (SEC) formally charged the founder of a cryptocurrency casino with fraud after he squandered $3.77 million in...
DraftKings: Parlays, Prediction Markets Prominent on Earnings Call
Data indicate new customers embracing parlays in a big way Company mum on prediction markets plans, but monitoring situation DraftKings (NASDAQ: DKNG) held its first-quarter earnings conference call earlier today with parlays and prediction markets ranking as two of the more prominent...
MGM Extends CEO Hornbuckle Through 2028
Casino operator extends CEO’s contract through the end of 2028 New deal includes advisory role at MGM Osaka at end of term MGM Resorts International (NYSE: MGM) announced today it is extending President and CEO Bill Hornbuckle’s employment contract through the end...
Light & Wonder Bit by Tariff Bug, Shares Slide
Slot machine manufacturer says tariffs could lead to “incremental” cost pressures Company attempting to mitigate effects of trade levies Reiterates 2025 EBITDA forecast of $1.4 billion Shares of Light & Wonder (NASDAQ: LNW) plunged Thursday after the slot machine manufacturer warned it’s...
Fertitta Lawyer Says He’ll Remain Passive Wynn Investor — For Now
Comments made at Nevada Gaming Control Board (NGCB) meeting Lawyer said Fertitta wants to see Wynn take steps to create value for investors A lawyer from Fertitta Entertainment told the Nevada Gaming Control Board (NGCB) the company wants to see Wynn Resorts...
Flutter Sees 2025 Earnings, Sales Growth Aided by International Deals
FanDuel parent forecasts significant 2025 earnings, revenue growth Increases aided by international acquisitions, but US market still strong Flutter Entertainment (NYSE: FLUT) forecast large 2025 top and bottom line increases, citing in part benefits from international acquisitions. The gaming company said it...
