5402 stories by Todd Shriber
BetMGM Ups 2025 Guidance After Strong 1H, Sees $2.7 Billion in Sales
Online sportsbook operator has boosted guidance multiple times this year Expects a minimum of $2.7 billion in 2025 revenue BetMGM has again raised its 2025 financial guidance. On Tuesday, the operator said it expects a minimum of $2.7 billion in revenue this...
Golden Entertainment Stock Sports Golden Discount, Says Analyst
“Boring is not bad” as it relates to Golden stock, says analyst Las Vegas locals visitation remains robust Down about 7% year-to-date, Golden Entertainment (NASDAQ: GDEN) is lagging other operators with Las Vegas locals exposure, but at least one analyst believes the...
Betsperts Boosts Golf Betting Exposure With Fantasy National Buy
Two companies are golf betting/fantasy leaders Deal reached after Mayo reacquired Fantasy National Popularity of golf betting is rising Betsperts Golf, one of the leading providers of analytics and insights for golf bettors and fantasy players, announced last week that it’s acquiring...
Bally’s Targeting August to Bring $250M Chicago IPO to Market
Updated SEC filing indicates offering could roll out next month Previously controversial share sale still being reviewed by SEC Race-based requirement has been stripped Bally’s once controversial $250 million Chicago initial public offering (IPO) is inching closer to reality and could be...
Kalshi, Musk’s xAI Strike Deal Bringing Prediction Markets to Grok
Kalshi reaches deal with xAI two months after premature announcement Partnership includes using Grok for analysis of prediction markets News emerges after social media platform struck deal with Polymarket Prediction markets operator Kalshi and Elon Musk’s xAI have a deal in place...
Churchill Downs Unveils New $500 Million Buyback Plan
Share repurchase program announced in conjunction with Q2 results Replaces buyback plan announced in March Shares of Churchill Downs (NASDAQ: CHDN) are pointing higher Thursday after the gaming company reported mixed second-quarter results late Wednesday. Expansion of the operator’s shareholder rewards program...
Some Sports Bettors Skip Bills, Including Rent, to Fund Wagers
U.S. News survey indicates some sports bettor are financially imperiled Bad habits include skipping bill payments, including rent, to fund wagers Some bettors are accumulating debt due to their wagering habit There’s financial downside to increased access to regulated online sports betting...
Penn Entertainment Earnings: ESPN Bet in Focus
Penn stock has been solid of late, but ahead of the NFL season, ESPN Bet questions linger Regional casinos will also be a point of emphasis on the upcoming earnings call Penn Entertainment (NASDAQ: PENN), the largest operator of regional casinos in...
Caesars Poised to Miss Q2 Earnings Forecasts, Says Analyst
Caesars is likely to miss Q2 estimates due to weakness on the Las Vegas Strip Third quarter might not be much better Analyst also lowers regional casino estimates, but do to one-off issues Caesars Entertainment (NASDAQ: CZR) delivers second-quarter results after the...
DraftKings Ready to Deliver Earnings Catalysts, Says Morgan Stanley
Stock has a knack for notable post-earnings moves Q2 could be best hold quarter in some time DraftKings (NASDAQ: DKNG) steps into the earnings confessional on Wednesday, August 6, and some market observers are wagering the second quarter could be the first...
