5082 stories by Todd Shriber
Marina Bay Sands Facing Justice Department Money Laundering Inquiry
The US Department of Justice (DoJ) is reportedly examining anti-money laundering violations at the Marina Bay Sands (MBS) in Singapore. The probe centers around how management at the famed integrated resorts handled accounts of VIP gamblers. Marina Bay Sands Pte Ltd., a...
Eldorado Stock Approaches Highest Levels Since Early March as Nevada Properties Reopen
Eldorado Resorts (NASDAQ:ERI) is setting a blistering pace Thursday, acting as one of the leaders in a broader gaming industry rally. It is trading higher by more than eight percent at this writing on news that its five Nevada casinos are again...
DraftKings Links up With Michigan Tribe, Gets Online Betting Access in Eighth State
Following a two-day pullback, DraftKings (NASDAQ:DKNG) stock found some support Thursday on news the sportsbook operator won approval for online betting in Michigan. The company is partnering with Bay Mills Resort & Casino, a tribal gaming venue, to bring the DraftKings mobile...
Roundhill Investments Breaks New Ground With First Dedicated iGaming, Sports Betting Fund
In the gaming industry, the new frontiers of growth are iGaming and sports wagering. Analysts and investors know this. Among fund issuers, Roundhill Investments is hip to these trends. Today, the issuer is launching the first exchange-traded fund (ETF) focusing on those...
Penn National Powers Higher as Bank of America Anoints it Preferred Gaming Pick
Shares of Penn National Gaming (NASDAQ:PENN) are pushing higher again Wednesday, adding to a rally that's seen the stock more than double over the past month. Some bullish analyst chatter is behind today's move. Bank of America (BoA) gaming analyst Shaun Kelly...
DraftKings Lands Pair of Bullish Price Target Revision as Stock Experiences First Pullback
Analysts just can't seem to help themselves when it comes to DraftKings (NASDAQ:DKNG) stock. The company's been public for about seven weeks and is already earning multiple price target revisions from Wall Street analysts. On Wednesday, Canaccord Genuity analyst Michael Graham reiterated...
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...
