5218 stories by Todd Shriber
Bragg Gaming Surges on Insider Buying, Revenue Outlook
Shares of Bragg Gaming (NASDAQ: BRAG) soared Tuesday after the company said insiders have recently been buying the stock and that it expects double-digit revenue growth next year. In midday trading on Tuesday, the stock was higher by 13.64% on volume that...
Super Group Boosts 2024 Guidance, Declares Special Dividend
Shares of Super Group (NYSE: SGHC), the parent company of Betway, rallied Tuesday after the gaming company lifted its 2024 revenue and earnings before interest, taxes, depreciation, and amortization (EBITDA) guidance while also announcing a special dividend. The company said it now...
Sweepstakes Casinos to See More Growth, Scrutiny, Says Analyst
Sweepstakes casinos are a fast-growing segment of the broader gaming industry and at least one industry sees that growth continuing, though it’s likely to be accompanied by increased regulatory scrutiny. Also known as sweeps casinos, this form of wagering blurs the line...
Las Vegas Sands is a Fresh Long Idea at Hedgeye
Shares of Las Vegas Sands (NYSE: LVS) were pointed higher in midday trading Monday amid talk that China will deploy bolder economic stimulus measures next year -- something a research firm believes could be a catalyst for the gaming stock. Hedgeye added...
Venetian Operator Apollo Joining S&P 500
Apollo Global Management (NYSE: APO), the operator of the Venetian casino hotel and convention center on the Las Vegas Strip, is joining the S&P 500. Index provider S&P Dow Jones Indices made the announcement today following the close of US markets, sparking...
DraftKings, FanDuel Targeted in Senators’ Antitrust Push
DraftKings (NASDAQ: DKNG) and FanDuel are drawing bipartisan accusations of collusive behavior that could violate US antitrust laws. In a letter to Assistant Attorney General Jonathan Kanter and Federal Trade Commission (FTC) Chairwoman Lina Khan, Sens. Mike Lee (R-UT) and Peter Welch...
Jim Murren to Lead New Resorts World Las Vegas Board
Resorts World Las Vegas announced the formation of its first board of directors, which will be chaired by former MGM Resorts International CEO Jim Murren. Genting Berhad, parent company of the Las Vegas Strip casino hotel, added that Alex Dixon, a 20-year...
Boyd Gaming Adds $500M to Buyback Plan
Shares of Boyd Gaming (NYSE: BYD) rose in Thursday’s after-hours session after the regional casino operator announced the addition of $500 million to a previously unveiled share repurchase program. Boyd also declared a quarterly dividend of 17 cents per share, which was...
Sphere Stock Slides Following Short Recommendation
Shares of Sphere Entertainment (NYSE: SPHR) slipped Thursday after a research firm recommended shorting the recently slumping stock. In a note to clients, Hedgeye analyst Andrew Freedman said the operator of the Las Vegas Strip entertainment venue faces an array of headwinds,...
ESPN Bet, Fanatics Making Inroads with Key Demographics
DraftKings and FanDuel are the giants in the US online sports betting market, amounting to a duopoly that controls more than 70% of total wagers, but some rivals are making inroads among key segments. In Morgan Stanley’s recently released third biannual sports...
