5359 stories by Todd Shriber
Red Rock Has Margin Durability, Says Analyst
Red Rock Resorts (NASDAQ: RRR) has structural tailwinds that bode well for the casino operator’s margin durability -- something at least one analyst believes investors aren’t giving the gaming company enough credit for. In a note to clients on Thursday, Deutsche Bank...
Casino Operators Face Limited Near-Term Debt Maturities
Running casinos is a capital-intensive business, which explains why so many operators carry substantial debt burdens. But the good news is that many of the largest names in the industry aren’t facing significant near-term maturities. In a recent report to clients, Deutsche...
Regulated NFL Bets Could Reach $35B This Year, Says AGA
The 2024 NFL season starts Thursday and when it comes to betting, it’s expected to be a record-breaker. The American Gaming Association (AGA) estimates that bettors will wager $35 billion on NFL games this year with regulated sportsbooks. That’s a 30% jump...
Kambi Refutes Rumor of Potential Takeover by Genius Sports
Kambi Group Plc (OTC: KMBIF), a provider of technology services to sportsbook operators, denied that it's engaged in takeover discussions with Genius Sports (NYSE: GENI). Speculation recently surfaced that Genius, a data provider to sportsbooks, was mulling a takeover of Sweden-based Kambi,...
Sphere Production Costs, Scalability Issues Prompt Sell Rating
Citing elevated production costs and issues with expansion, an analyst tagged Sphere Entertainment (NYSE: SPHR) stock with a “sell” rating. In a report to clients issued on Tuesday, Benchmark analyst Mike Hickey hit Sphere with the ominous rating and a $40 price...
Hawk Tuah Girl Hailey Welch Inks Podcast Deal with Betr
Hailey Welch who became a viral sensation as “Hawk Tuah girl,” is wading into the world of sports betting, inking a podcast deal with Jake Paul’s Betr. Miami-based Betr has market access for online sports betting in six states, and has an...
Flutter Entertainment Praised in New Coverage by Morningstar
Flutter Entertainment (NYSE: FLUT) won kudos in new coverage by Morningstar, with the research firm lauding the gaming company’s capital allocation, in-house product development, and risk management assets, among other points. In a note out on Tuesday, analyst Dan Wasiolek initiated coverage...
Full House Resorts Sells Fallon, Nev. Casino for $9.2 Million
Full House Resorts (NASDAQ: FLL) said Tuesday it's selling Stockman’s Casino in Fallon, Nev. to Clarity Game LLC for $9.2 million. The deal includes the land, building, and select other operating assets. It’s a two-pronged deal in which the buyer will pay...
FanDuel Reclaims OSB Lead, Promo Activity Ticks Up Due to Football
With most states having reported online sports betting (OSB) data for July, Flutter Entertainment ‘s (NYSE: FLUT) FanDuel unit regained the top spot in terms of market share from DraftKings (NASDAQ: DKNG). That according to recent estimates by Stifel analyst Jeffrey Stantial....
BetMGM to Boost Responsible Betting Ads at NFL Stadiums
September is Responsible Gaming Education Month and BetMGM and 50% owner MGM Resorts International are again with working with the American Gaming Association (AGA) to promote accountable wagering practices. The casino giant and the online sportsbook operator will increase exposure of the...
