5083 stories by Todd Shriber
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....
Louisiana Casinos Target May 18 Restart, Will Be Biggest Reopening to Date
The Louisiana Gaming Control Board (LGCB) is permitting the state's casinos to restart on Monday, May 18. That will mark the largest reopening to date among markets hampered by the coronavirus shutdown that went into effect in mid-March. The Pelican State has...
George Soros, NFL Owners Jones, Kraft Among Newly Revealed DraftKings Investors
Quantum Funds, a group of hedge funds controlled by Soros Fund Management, is one of just several high profile investors listed in a recent DraftKings (NASDAQ:DKNG) filing with the Securities and Exchange Commission (SEC). Soros Fund Management, which is the family office...
Eldorado Resorts Posts Q1 Loss as Revenue Slides 25.6 Percent Amid Coronavirus Closures
Eldorado Resorts (NASDAQ:ERI) joins a lengthy list of gaming companies reporting first-quarter losses and sagging revenue due to property closures forced by the coronavirus outbreak. The company said operating income tumbled in the first three months of the year. The regional gaming...
