4482 stories by Todd Shriber
DraftKings Could Be EBITDA-Positive This Year, Profitable in 2024, Says Analyst
DraftKings (NASDAQ: DKNG) could be on pace to accomplish some long-awaited financial objectives this year, potentially stoking more upside in the already hot stock. In a note to clients today, Jefferies analyst David Katz pointed out that DraftKings could generate positive earnings...
Penn Entertainment Downgraded, Analyst Cites Valuation
Shares of Penn Entertainment (NASDAQ: PENN) traded lower Monday after an analyst downgraded the stock, noting it’s fairly valued at current levels. In a note to clients on Monday, JMP Securities analyst Jordan Bender downgraded shares of the regional casino operator to...
Osaka Casino Could Wrest Profitability Crown from Singapore Rivals
Marina Bay Sands and Resorts World Sentosa, the only integrated resorts in Singapore, are two of the most profitable casino resorts in the world. But that status could be threatened by the emergence of a rival venue in Osaka. Last week, Japan...
Genting Not Rethinking Decision to Scrap Japan Plans
Japan signed off on Osaka as the country’s first casino resort. But that’s not enough to prompt Genting Singapore to revisit its scuttled plans to bid for a gaming license in the country. Amid news that the Osaka scheme is moving forward...
Osaka Seen as Long-Term Growth Catalyst for MGM
After several years of waiting, the Japanese government finally made it official on Friday: Osaka will be home to the country’s first casino resort. The venue, slated to open in 2029 and carries an estimated price tag of $8.1 billion, will be...
DraftKings Aims for Market Share Crown in Massachusetts, Its Home State
Online sports betting recently debuted in Massachusetts. Not surprisingly, DraftKings (NASDAQ: DKNG) is aiming for the top market share in its home state. Founded 11 years ago in Boston, DraftKings is the largest publicly traded gaming company based in New England and...
Sands Long Island Casino Plan Receives Key Endorsement
Las Vegas Sands’ plan to bring a casino hotel to Nassau County, NY has the backing of the Uniondale Chamber of Commerce. Uniondale is the town in which Nassau Veterans Memorial Coliseum is located. Earlier this year, Sands moved to acquire gain...
Disney CEO Bob Iger Lukewarm on Sports Betting
In his second stint as chief executive officer of ESPN parent Walt Disney (NYSE: DIS), Bob Iger appears to accept sports betting is part of the equation for the broadcasting giant. But he wants to keep it at arm’s length. In a...
PointsBet Reportedly Exploring US Sale, Bally’s Could Bid
PointsBet (OTC: PBTHF) reportedly engaged investment bank Moelis & Co. to explore a sale of its North American operations. It's a sign the company wants to focus on its more profitable Australian business. Both PointsBet arms have been the subject of long-running...
Fertitta Balks at $6B Commanders Price Tag, Out of Contention for NFL Team
Golden Nugget boss Tilman Fertitta says he bid $5.6 billion for the NFL’s Washington Commanders, but he doesn’t believe $6 billion is the appropriate price point for the franchise. That likely means he’s out of the running to own the team. Reports...
