4982 stories by Todd Shriber
DraftKings Feels Coronavirus Sports Crush in First Earnings Report, Stock Still Soars
Before the open of US markets today, DraftKings delivered its first earnings report as a public company. It treated investors to a wider-than-expected loss and revenue that missed forecasts for the first three months of 2020, but the stock is extending a...
Las Vegas Sands Japan Door Closed, But It’s Ajar for Melco, MGM, Analyst Speculates
Las Vegas Sands (NYSE:LVS) sent shockwaves through the gaming industry Tuesday, saying it has ended its pursuit of a Japanese gaming license. Chairman and CEO Sheldon Adelson cited issues with the policy framework set forth by the government there. The Sands boss...
Twin River Making Progress as Vital Properties Near Reopening, Says Analyst
Shares of Twin River Worldwide Holdings (NYSE:TRWH) are trading modestly higher Thursday even after the operator of Rhode Island's two casinos reported first-quarter results that badly missed analyst estimates. On Wednesday, Twin River said it lost 28 cents a share in the...
DraftKings Lands Another Wall Street Endorsement, Analyst Sets $33 Target on Stock, Highest Thus Far
A day before its first earnings report, DraftKings (NASDAQ:DKNG) is rallying after Susquehanna analyst Joseph Stauff started coverage of the daily fantasy sports (DFS) company with a “positive” rating and a $33 price target. Stauff is the fourth sell-side analyst to pick...
Genius Sports Inks Betting Data Accord with Premier Lacrosse League
Genius Sports, a provider of sports betting analytics and data to leagues around the world, is becoming the official data and integrity partner of the Premier Lacrosse League (PLL). The PLL announced the deal on Tuesday and financial terms were not disclosed....
DraftKings Lures Bullish Options Traders Ahead of First Earnings Report
DraftKings (NASDAQ:DKNG) delivers its first earnings report as a public company on Friday, May 15, and options traders are piling into the stock ahead of that event, betting on an epic move by the daily fantasy sports (DFS) kingpin. Earlier today, the...
Boyd Gaming Tumbles After Raising $500 Million Shoring up Cash Position
Boyd Gaming (NYSE:BYD) is bolstering its balance sheet, but investors aren't enthusiastic about the news. The regional operator's stock is lower by seven percent Wednesday after the company said it sold $500 million worth of notes in a private placement. The Orleans...
Las Vegas Sands Japan Departure Is Red Flag for Committed Rivals, Says Analyst
Las Vegas Sands (NYSE:LVS) rocked the gaming industry Tuesday night, announcing its decision to withdraw from the bidding process to land a Japanese gaming license. At least one analyst thinks that's a bad sign for other operators mulling investments in the world's...
Las Vegas Sands Says Sayonara to Japan, Adelson Criticizes Government Framework for Gaming Licenses
In a stunning move, Las Vegas Sands (LVS) announced late Tuesday that it's withdrawing from consideration to open an integrated resort (IR) in Japan, with Chairman and CEO Sheldon Adelson lobbing criticism at the structure of the country's efforts to become a...
Eldorado Stock Soars on Caesars Merger Update, Analyst Sees Cooler Heads Prevailing
Shares of Eldorado Resorts (NASDAQ:ERI) are higher by nearly 21 percent at this writing Tuesday, after company executives provided more clarity on the timeline for wrapping up the $17.3 billion takeover of Caesars Entertainment (NASDAQ:CZR). Both operators reported dismal first-quarter results yesterday....
