4509 stories by Todd Shriber
DraftKings Stock Charts, Options Activity Could Signal More Upside
In Monday’s abbreviated trading session, DraftKings (NASDAQ: DKNG) stock closed lower by 1.58%. But it’s still higher by 35% over the past 90 days, and 129.59% year-to-date. Impressive numbers to be sure, and those figures could imply the gaming stock is ripe...
Macau Concessionaires Reaping Cash Flow Rewards as GGR Recovers
Amid a strong recovery in gross gaming revenue (GGR) in the first half of the year, Macau casino operators are posting solid levels of free cash flow. While June’s GGR figures in the special administrative region (SAR) declined on a month-over-month basis,...
Okada Manila Attempts to Scrap SPAC Deal as 26 Capital Balks
Universal Entertainment and other entities with ties to Okada Manila are attempting to scrap a merger with Capital Acquisition Corp. (NASDAQ: ADER). But Jason Ader’s blank check company is planning on moving forward with the transaction. In a new regulatory filing, Japan-based...
Regional Casino Stocks Not Investor Faves, Says Analyst
Shares of casino operators with Las Vegas Strip and Macau exposure are performing well this year, but showings for regional casino stocks are far more tepid. In a new report to clients, Deutsche Bank analyst Carlo Santarelli noted that while the regional...
Venetian Macau, Marina Bay Sands Most Profitable Casinos
Venetian Macau and Marina Bay Sands (MBS) in Singapore are the world’s two most profitable casinos -- a status supporting Las Vegas Sands’ (NYSE: LVS) ranking as the largest casino operator by market capitalization. The pair of integrated resorts, which represent two...
Fanatics Seals Deal for PointsBet US
PointsBet (OTC: PBTHF) announced investors overwhelmingly voted in favor of $225 million all-cash takeover offer for its US operations from Fanatics. At the Australian company extraordinary group meeting (EGM) earlier today, 99.16% of PointsBet shareholders voted for the bid, which privately held...
FanDuel Leads Horse Racing Betting Apps, DraftKings ‘Places’
One of the oldest forms of wagering, horse racing is getting a needed jolt thanks to technology, and FanDuel is leading the way in terms of apps for betting on the ponies. Already the largest online sportsbook operator by a wide margin,...
Rush Street Interactive Could Be Takeover Target for Stake.com
Crypto casino operator Stake.com is rumored to be looking at acquisitions that could provide it entry into the US iGaming market, and Rush Street Interactive (NYSE: RSI) could be on the suitor’s list of potential candidates. Stake, which has had its run-ins...
VICI Credit Rating Affirmed at BBB-, Outlook Stable
VICI Properties’ (NYSE: VICI) corporate credit grade was affirmed at “BBB-,“ with a “stable” outlook in a new report by Fitch Ratings. That means the largest landlord on the Las Vegas Strip carries the lowest possible investment-grade credit rating. Fitch noted that...
IGT to Provide Rio Las Vegas with Casino Management Tech
International Game Technology (NYSE: IGT) has won a contract from Dreamscape Companies to provide technology management services to the Rio Hotel & Casino in Las Vegas. That agreement will take effect in the fourth quarter when Dreamscape assumes operational control of the...
