5135 stories by Todd Shriber
Flutter Stock Could Be Fantastic, Join S&P 500, Says Analyst
Flutter Entertainment (NYSE: FLUT) shed 7.56% over the past month after the FanDuel parent told investors its fourth-quarter and 2024 results would be hampered by customer-friendly outcomes during the NFL season, but analysts remain bullish on the stock. In a note to...
Penn Could Mull Tech Buy to Bolster ESPN Bet
Penn Entertainment (NASDAQ: PENN) could consider a technology-related acquisition this year in an effort to prop up its ESPN Bet online sports betting unit. That’s the take of Eilers & Krejcik Gaming (EKG), which said in a new report that technology is...
Bally’s Wants Property Tax Discount on Chicago Casino
While its temporary gaming venue struggles, Bally’s is reportedly seeking a property tax discount on its permanent casino hotel in Chicago. The third-largest US city applies a property tax rate of 25% to commercial buildings, but Bally’s is seeking a 12-year rate...
DraftKings, FanDuel Earnings Could Be Pinched by Maryland Tax Increase Plan
DraftKings (NASDAQ: DKNG) and FanDuel are among the online sports betting operators that could see their earnings sapped if a proposal to double Maryland’s tax rate on that form of betting is passed. Gov. Wes Moore’s (D) newly unveiled 25 budget proposes...
Genius Sports Reaffirms 2024 Outlook, Stock Slides on Share Sale
Genius Sports (NYSE: GENI) reaffirmed its 2024 financial guidance on Wednesday, but the stock slumped on news the sports betting data provider is selling shares. In late trading, Genius was off 4% on volume that was double the daily average after telling...
Sands Downgraded as Analyst Sees Good News Priced In
Las Vegas Sands (NYSE: LVS) slipped Tuesday after the stock was downgraded on the basis that much of the positive news out of Macau is priced into the shares. The gaming stock fell 3.99% on volume that was about 50% above the...
HG Vora Readies Proxy Fight Against Penn Entertainment
Shares of Penn Entertainment (NASDAQ: PENN) rallied in late trading Tuesday following a regulatory filing by activist investor HG Vora indicating the hedge fund could be readying a proxy fight against the regional casino operator. In December 2023, it was revealed that...
Macau Investor Scooping Up Shares of Star Entertainment
Macau businessman Wang Xing Chun has been gobbling up shares of Star Entertainment, even as the Australian casino operator is pushed to the brink of insolvency. After recently acquiring AU$1.7 million worth of Star shares, Wang’s stake in the company reached 5.5%,...
IGT Stock Could Gain Clarity from Italian Lottery RFP
Shares of International Game Technology (NYSE: IGT) have shed a third of their value over the past year, but the sagging stock could benefit from some clarity from the Italian lottery, one of the company’s marquee clients. Last Friday, Italy’s gaming regulator...
CFTC Expected to Scrutinize Crypto.com Sports Contracts
The Commodities and Futures Trading Commission (CFTC) is said to be considering an examination of Crypto.com’s recently unveiled sports event contracts, but that’s unlikely to interfere with the brokerage firm’s plans to offer derivatives on the Super Bowl. Sources close to the...
