5402 stories by Todd Shriber
iGaming, not Casinos, Powering Industry Growth, Says Analyst
For gaming industry, internet casinos are where the growth is at Recent updates from BetMGM, Caesars Digital confirm as much Second-quarter earnings reports from Caesars Entertainment (NASDAQ: CZR) and MGM Resorts International (NYSE: MGM), as expected, confirmed softness on the Las Vegas...
Boyd Bonds in Strong Shape Following FanDuel Stake Sale
Boyd completed sale of 5% FanDuel to Flutter Entertainment last week Analyst says portion of proceeds will be used to reduce debt, boosting allure of other Boyd corporate bonds Last week, Boyd Gaming (NYSE: BYD) completed the sale of its 5% interest...
MGM Resorts Stock Has Recipe for Rebound, Says Analyst
MGM stock faltered this week following Q2 earnings report, in which Las Vegas was primary drag. Analyst says shares could rebound because operator has “several lions in the den.” Due in part to a second-quarter earnings report that confirmed weakness on the...
MyPrize Raises $21 Million at $250 Million Valuation, Sees Revenue of $100 Million
Social casino operator says it raised $21 million at valuation of $250 million Sees 2025 revenue topping $100 million Social casino operator MyPrize announced Thursday that it raised $21 million at a valuation of $250 million. The internet gaming company added that...
Rush Street Interactive Rallies After Lifting 2025 Guidance
Shares of online gaming company surge after operator boosts outlook At midpoints of forecast ranges, EBITDA and revenue expected to jump 16% and 51%, respectively Rush Street Interactive (NYSE: RSI) is Wednesday’s after-hours gaming winner as the stock is trading higher by...
Caesars Stars Among Consumer Cyclical Stocks, Says Morningstar
Stock is battered and weak Q2 Las Vegas data isn’t helping On the bright side, analysts view Caesars stock as deeply undervalued, implying significant room for upside Caesars Entertainment (NASDAQ: CZR) traded lower Wednesday after the casino behemoth reported downbeat second-quarter results...
Genius Sports Stock Rallies on PMG Sports Advertising Deal
Genius stock extends 2025 rally on sports advertising agreement PMG will be a founding agency partner for FANHub Shares of Genius Sports (NYSE: GENI) surged Wednesday after the sports betting data provider unveiled a deal with advertising agency PMG, making the creative...
Red Rock Trims 2025 Spending Plans by $25M, Stock Soars on Q2 Results
Company forecasting $325 million to $375 million in 2025 spending That’s down $25 million from prior estimates Stock surged after Red Rock posted its best quarter in its almost 50-year history Shares of Red Rock Resorts (NASDAQ: RRR) surged Wednesday after the...
Caesars Touts Digital Strength as Las Vegas Casinos Lag
Company says Q2 was one of the best stretches yet for digital business Revenue at Las Vegas Strip casinos declined, but regional sales rose Shares of Caesars Entertainment (NASDAQ: CZR) declined in Tuesday’s after-hours session after the company reported one of its...
Fanatics Making iGaming, Sports Betting Inroads, Says Analyst
Fanatics chipping away at larger operators Promotional intensity is high, says analyst One of the prime examples of a duopoly in Corporate America is the one possessed by DraftKings (NASDAQ: DKNG) and Flutter Entertainment’s (NYSE: FLUT) FanDuel in the online sports wagering...
