4982 stories by Todd Shriber
Playtika Eyes $1 Billion US IPO Four Years After Caesars Sale
Playtika,the mobile gaming company controlled by Chinese investors, is reportedly considering a $1 billion initial public offering (IPO) in the US, which would value the firm at $10 billion. Playtika is based in Israel and was founded in 2010. A year later,...
Churchill Downs, DraftKings Among Gaming Stocks Chastening Short Sellers
Count Churchill Downs (NASDAQ:CHDN) and DraftKings (NASDAQ:DKNG) among the gaming stocks making life uncomfortable for short sellers. They are potentially signaling that these names and others could offer some near-term upside as bearish traders rush to cover. With shelter-in-place policies and casino...
Boyd Gaming Backed by Analyst Ahead of Nevada Reopening
Boyd Gaming (NYSE:BYD) drew some praise from a sell-side analyst today ahead of the June 4 reopening of Nevada casinos. In a note to clients Tuesday, Nomura Instinet analyst Harry Curtis reiterated a “buy” rating on the Orleans operator, while boosting his...
DraftKings Stock Is Scorching Hot, Beloved by Younger Investors
DraftKings (NASDAQ:DKNG) is popular among the younger demographics, including millennials and Generation Z, that are so coveted by gaming companies. Investors in those age groups appear fond of DraftKings stock, too. The name has more than doubled since its April 24 initial...
Score Media Doesn’t Know Why Stock Soared. Hint: It’s Sports Betting Fever
Score Media and Gaming Inc. (OTC:TSCRF), a Canadian sports betting and media company, isn't quite sure why it's stock soared Monday. But regulators in the Great White North nonetheless wanted an explanation. In the US. Score stock trades on the pink sheets,...
Vici Properties Says All May Rent Paid, Provides Some Relief to Former Parent Caesars
Vici Properties (NYSE:VICI) said Monday all of its tenants paid rent last month, no small feat when many domestic casinos were closed for more than half of May and all of April. The gaming real estate investment trust (REIT) also said it...
California Sports Betting Gains Momentum as State Scrambles for Cash, Estimates Swell
Staring down a budget deficit of $54 billion that policymakers claim was forced by the coronavirus, California is scrambling for ways to raise revenue, breathing new life into efforts to legitimize sports betting there in the process. Last week, Sen. Bill Dodd...
Genting Berhad Hit With Lower Credit Rating as S&P Forecasts Slow Business, Rising Leverage
Standard & Poor's (S&P) has trimmed its credit rating on Asian gaming giant Genting Berhad, saying business will remain slow in some of the operator's crucial markets following the coronavirus pandemic. The service also said that corporate leverage could increase as a...
Macau Experiences May Showers as Gross Gaming Revenue Plunges 93 Percent
May was another brutal month for Macau, as gross gaming revenue (GGR) in the world's largest casino center plunged 93.2 percent. Strict travel controls continue to hamper the Special Administrative Region's (SAR) recovery efforts. Earlier today, the Gaming Inspection & Coordination Bureau...
Louisiana Voters Likely Getting Sports Wagering Say This Year, No Bets Until at Least 2021
Louisiana voters are likely getting the opportunity to decide the fate of sports betting, with the issue scheduled to appear on November ballots. But it will be 2021 at the earliest before legitimate wagers are accepted in the Pelican State. After sports...
