5081 stories by Todd Shriber
Sands, Wynn Price Targets Lowered on Recent Macau Softness
Following a surprisingly soft June gross gaming revenue (GGR) report in Macau, an analyst modestly pared price targets on Las Vegas Sands (NYSE: LVS) and Wynn Resorts (NASDAQ: WYNN), though he remains constructive on both casino stocks. In a new report to...
DraftKings Paying $100,000 New Jersey Fine Due to Erroneous Data Reporting
DraftKings agreed to pay a $100,000 penalty levied by the New Jersey Division of Gaming Enforcement (DGE) stemming from reporting errors that led to the wrong data being filed to the state. Reporting snafus by DraftKings led to Resorts Digital -- the...
Bally’s, Maverick Gaming Partnering on Rhode Island Poker Room
Bally’s and Maverick Gaming announced today that they are partnering on the poker room at the regional casino operator’s Twin River, R.I. gaming venue. Under the terms of the agreement, the poker room will be named the Bally’s Maverick Poker Room. Financial...
Flutter Entertainment Tipped as Bullish Gaming Idea
Shares of Flutter Entertainment (NYSE: FLUT) traded modestly higher Monday after the stock was dubbed a top long idea in new coverage by research firm Hedgeye. In a report to clients, analyst Sean Jenkins highlighted the online sports betting duopoly comprised of...
PSA Clarifies Issues at Plaza Casino Trading Card Vending Machine
Amid confusion, Professional Sports Authenticator (PSA), the largest grader of trading cards, is bringing clarity to the situation surrounding a vending machine at the Plaza Hotel & Casino in downtown Las Vegas. The machine at the casino hotel and others like them...
Caesars Boosts Sports Betting Tech with ZeroFlucs Acquisition
In a move aimed at bolstering its sportsbook technology, Caesars Entertainment (NASDAQ: CZR) said today it is acquiring ZeroFlucs Group Pty Ltd. The Australian company is a software provider whose products allow sportsbook operators to efficiently update odds and pricing while maintaining...
DraftKings Named Top Gaming Idea for Second Half by Stifel
Shares of DraftKings (NASDAQ: DKNG) closed lower by almost 1% today, but some sell-side analysts remain bullish on the stock despite a loss of 18.29% over the past 90 days. In a note to clients today, Stifel analyst Jeffrey Stantial rated DraftKings...
Penn Pops on Rumor of Flutter Joining Boyd in Takeover Bid
On a mixed day for gaming stocks, Penn Entertainment (NASDAQ: PENN) rallied 4.70% on a report that Flutter Entertainment (NYSE: FLUT) is considering joining Boyd Gaming (NYSE: BYD) in a takeover bid for the regional casino operator. Boyd’s purported pursuit of Penn,...
Cosmopolitan Loyalty Program Joining MGM Rewards on July 30
More than two years after MGM Resorts International purchased the Cosmopolitan Las Vegas, the glitzy Strip venue’s Identity Membership & Rewards program will convert to MGM Rewards on July 30. MGM reached a deal in September 2021 to purchase Cosmopolitan’s rights for...
DraftKings Faces NFT Securities Suit as Judge Rules Howey Test Is Valid
DraftKings (NASDAQ: DKNG) must face class action litigation after a federal judge ruled the non-fungible tokens (NFTs) offered on the company’s DraftKings Marketplace pass muster as securities. On Tuesday, US District Judge Denise Casper ruled that the suit can proceed because the...
