5210 stories by Todd Shriber
Genting NY Casino Bid Could Be Hindered by Las Vegas Controversy, Says CIMB
Genting Bhd’s effort to procure one of the three downstate casino licenses in New York could be damaged by potential regulatory discipline the operator faces in Nevada, according to CIMB Securities. Last week, the Nevada Gaming Control Board (NGCB) said it is...
NFLPA Suit Against DraftKings Could Stem from Defunct NFT Product
The NFL Players Association (NFLPA), the labor union for the league’s athletes, filed suit against DraftKings (NASDAQ: DKNG) and could seek financial damages relating to the recent closure of the gaming company’s nonfungible tokens (NFTs) marketplace. In late July, the online sportsbook...
Penn Entertainment Bonds Not Inspiring, Says Analyst
Amid lethargy in its interactive division and solid though not spectacular results from its land-based casinos, Penn Entertainment's (NASDAQ: PENN) corporate debt may not offer much in the way of near-term upside. That’s the take of GimmeCredit analyst Kim Noland. In a...
DraftKings Stock Poised for Football Season Bump, Say Analysts
Sports wagering stocks, including DraftKings (NASDAQ: DKNG), are a relatively young asset class, but youth aside, the group is subject to clear seasonal trends. Those include the start of football season often acting as catalyst. Prosaic as that thesis is and it...
FanDuel Can Extend US Dominance
Leadership in the US online sports betting market is often fluid and varies at the state level, but what isn’t up for debate is that a duopoly comprised of DraftKings (NASDAQ: DKNG) and Flutter Entertainment’s (NYSE: FLUT) FanDuel has formed. Flutter’s second-quarter...
NFL Bettors Planning to Wager More This Year, Says Optimove
Football is the most wagered-on sport in the US, and the NFL leads the way. The 2024 season kicks off on Thursday, September 5, and in what could be good news for sportsbook operators, data suggest bettors will boost the frequency of...
Betfred Could Consider Full Departure from US Sports Betting Market
Amid sluggish profits, Betfred halted its sports wagering offerings in Maryland last month. At the end of this month, the company is pulling the plug on its operations in Colorado and Ohio and it might not be long before the British bookmaker...
NBA Awards Voters Barred from Betting on Those Markets
In news that elicited reactions of “It was allowed?” and “What took so long?”, the NBA will forbid awards voters from wagering on those markets. “NBA on TNT” reporter Jared Greenberg broke the news earlier Friday, citing the league’s communications office. NBA...
Penn Entertainment Has ‘Unrecognized Value,’ Says Analyst
Shares of Penn Entertainment (NASDAQ: PENN) are on a wild ride as highlighted by a 26% year-to-date drop and a 20.7% surge over the past 90 days -- the latter indicating the potential is there for a durable resurgence. Some analysts remain...
Some Bettors Sell Stocks to Fund Sports Wagering Habit, Says Study
It’s often quipped that “the stock market is a casino,” but some bettors are taking that faulty phrase to heart and selling investments to fund sports wagering habits. That's according to the recently published working paper, "Gambling Away Stability: Sports Betting’s Impact...
