4499 stories by Todd Shriber
Flutter Q3 Results Easily Top Wall Street Estimates
Shares of Flutter Entertainment (NYSE: FLUT) rallied in extended trading on Tuesday after the gaming company reported third-quarter results that soundly beat Wall Street forecasts. The FanDuel parent said it earned 43 cents per share on revenue of $3.25 billion during the...
Genius Sports Soars on Surprise Profit, Upped Outlook
Shares of Genius Sports (NYSE: GENI) surged Tuesday after the company posted a surprise third-quarter profit while upping its 2024 financial guidance. On a day when most gaming stocks succumbed to some profit-taking, shares of the sports betting data provider were up...
Endeavor CEO Ari Emanuel Buys Sports Betting Units at Big Discount
Endeavor Group Holdings, Inc. (NYSE: EDR) announced that it's selling its IMG Arena and OpenBet sports betting businesses to a group led by CEO Ari Emanuel. The sale price is $450 million. OB Global Holdings LLC is the buyer, and that group...
Louisiana Pol Proposes Massive Sports Betting Tax Hike
Sports betting industry observers likely didn’t have Louisiana considering a major tax increase on their 2024 bingo cards, but it’s possible following newly filed legislation. On Monday, Rep. Roger Wilder III (R-Livingston Parrish) proposed House Bill 22 (HB 22), which if enacted,...
Inspired Entertainment Stock Could Inspire More Gains
Relative to other gaming stocks, Inspired Entertainment (NASDAQ: INSE) leads a somewhat nondescript existence, but some analysts believe the shares deserve more acclaim. Toiling in anonymity is often a fact of life for stocks with market capitalizations of $277.74 million – where...
DraftKings Viewed as Bargain Among Gaming Stocks
In DraftKings’ (NASDAQ: DKNG) four-plus years as a standalone publicly traded company, rare have been the occasions that the stock has been considered inexpensive. Those instances arguably don’t exist at all, but at least one analyst believes shares of the online sports...
Investor Jason Ader Jet Sets Around the World While Facing Lawsuits
Jason Ader, the founder of a blank-check company that attempted to bring the Okada Manila casino resort public, is gallivanting around the world while facing litigation, including from his mother, as clients of his hedge fund demand their cash be returned to...
Real Estate, Sports Betting Lead Next Generation of Gaming Stocks
For decades, the landscape of gaming equities was largely dominated by casino stocks and, to a lesser extent, suppliers. In recent years, that’s changed with significant contributions from online sports betting and real estate companies. When it comes to publicly traded casino...
Golden Entertainment Hints at Real Estate Sales
Shares of Golden Entertainment (NASDAQ: GDEN) rose on Friday after executives hinted they’re examining avenues for monetizing the casino operator’s real estate assets. The comments were made on a conference following the company’s third-quarter earnings report. Acknowledging that Golden shares trade at...
Golden Entertainment Joins Gaming Buyback Boosting Barrage
Golden Entertainment (NASDAQ: GDEN), operator of The Strat casino hotel near the Las Vegas Strip, is the latest gaming company to increase the size of its share repurchase program. In conjunction with the release of its third-quarter earnings, Golden said its board...
