4505 stories by Todd Shriber
DraftKings Lands 10 Price Target Hikes After Upping 2023 Guidance
DraftKings (NASDAQ: DKNG) earned at least 10 bullish price target revisions from sell-side analysts in the second trading day following the release of the company’s upped 2023 revenue guidance. The stock cooled off today, closing lower by 1.63%. Last Thursday, the sportsbook...
Colorado Legislature Controversially Revives Casino Credit Bill
Members of the Colorado state legislature controversially revived a thought-to-be-dead bill to allow the state’s casino operators to extend credit to customers. Making the resurrection of SB23-259 all the more contentious are several important points. First, the House initially voted 34-31 to...
Hofstra President Uses Tired Arguments to Blast Sands Long Island Casino Plan – Opinion
Hofstra University President Susan Poser will appear before the Nassau County legislature Monday. She’s expected to rip a plan by Las Vegas Sands (NYSE: LVS) to build a new casino hotel near the college in her testimony. Sands’ effort to develop a...
Churchill Downs Stock Could See Post-Kentucky Derby Lift
The stock is modestly lower Monday, but Churchill Downs (NASDAQ: CHND) could be a name to watch this week following its record-breaking Kentucky Derby handle. Including Saturday’s run for the roses, the broader slate of Derby day races and the Kentucky Derby...
Bally’s Reaches Chicago Land Deal with Tribune
Bally’s (NYSE: BALY) reportedly reached an agreement with Tribune Publishing to expedite the media company’s departure from Chicago's Freedom Center, its 30-acre riverfront property. The accord represents a cleared hurdle for the Rhode Island-based gaming company in its plans to develop a...
Bill Boyd Departs Boyd Gaming Chairman Role
Ending a nearly five-decade run on the board of the casino company he cofounded with his father, Sam, in 1975, Bill Boyd has officially left the Boyd Gaming (NYSE: BYD) board of directors. He had occupied the co-executive chairman role with Marianne...
Red Rock Sitting on Treasure Trove of Stadium Land, Says Analyst
Red Rock Resorts (NASDAQ: RRR) delivered first-quarter results on Thursday. But the company was mostly mum about a potential land sale to Major League Baseball’s Oakland Athletics. Analysts believe the casino operator can wring significant rewards from such a transaction. Less than...
Penn Entertainment Mintzy-Induced Decline ‘Overblown,’ Say Analysts
Penn Entertainment (NASDAQ: PENN) stock slumped more than 13% on Thursday, and its lost market capitalization in dollar terms wasn’t far from what it paid for Barstool Sports. That's as the regional casino operator delivered tepid first-quarter results while enduring a controversy...
Boyd Gaming Reveals New $500 Million Buyback Plan
Boyd Gaming (NYSE: BYD) unveiled a new $500 million share repurchase program on Friday, adding to the regional casino operator’s recent tradition of capital return efforts. The Orleans operator said its board of directors approved the buyback plan. The news arrived in...
Kambi Emerges as Possible Takeover Target
The sports wagering industry is awash in takeover rumors. Add Kambi Group Plc (OTC:KMBIF) to that list, according to one research firm. The Sweden-based gaming technology provider could be an attractive buy for a variety of suitors, noted research firm Eilers &...
