4499 stories by Todd Shriber
DraftKings Named Top Gaming Idea for Second Half by Stifel
Shares of DraftKings (NASDAQ: DKNG) closed lower by almost 1% today, but some sell-side analysts remain bullish on the stock despite a loss of 18.29% over the past 90 days. In a note to clients today, Stifel analyst Jeffrey Stantial rated DraftKings...
Penn Pops on Rumor of Flutter Joining Boyd in Takeover Bid
On a mixed day for gaming stocks, Penn Entertainment (NASDAQ: PENN) rallied 4.70% on a report that Flutter Entertainment (NYSE: FLUT) is considering joining Boyd Gaming (NYSE: BYD) in a takeover bid for the regional casino operator. Boyd’s purported pursuit of Penn,...
Cosmopolitan Loyalty Program Joining MGM Rewards on July 30
More than two years after MGM Resorts International purchased the Cosmopolitan Las Vegas, the glitzy Strip venue’s Identity Membership & Rewards program will convert to MGM Rewards on July 30. MGM reached a deal in September 2021 to purchase Cosmopolitan’s rights for...
DraftKings Faces NFT Securities Suit as Judge Rules Howey Test Is Valid
DraftKings (NASDAQ: DKNG) must face class action litigation after a federal judge ruled the non-fungible tokens (NFTs) offered on the company’s DraftKings Marketplace pass muster as securities. On Tuesday, US District Judge Denise Casper ruled that the suit can proceed because the...
MGM Stock Has Makings of a Winner, Says Analyst
As highlighted by a year-to-date loss of 3.11%, MGM Resorts International (NYSE: MGM) stock has spent much of 2024 dithering, but a 7.66% jump over the past month indicates the shares have some momentum. Some analysts concur. In a new report to...
DraftKings Rumored to Be Mulling VSiN Sale in Barstool/Penn-Style Deal
DraftKings (NASDAQ: DKNG) is rumored to be considering the sale of the Vegas Sports Information Network (VSiN), the Las Vegas-based sports wagering radio network it acquired for $70 million in March 2021. Eilers & Krejcik Gaming (EKG) noted the online sportsbook operator...
Chicago Pension Mess Highlights Need for Bally’s Casino
Chicago is sitting on a ticking time bomb of underfunded public pension obligations, underscoring the need to haul in revenue from Bally’s planned permanent casino hotel -- a project some local politicians and residents view as on life support. The city’s 2023...
Nevada In-Person Requirement Hampering Sports Betting Revenue
When the Supreme Court handed down its ruling on the Professional and Amateur Sports Protection Act (PASPA) in 2018, it was widely known that Nevada would lose its monopoly on regulated sports wagering in the US. What wasn’t known to industry observers...
Google to Permit DFS, Internet Lottery Ads in Most US States
Google, the largest provider of internet search services in the US, updated its advertising policies, allowing daily fantasy sports (DFS) operators and lottery courier services to run ads across more than 30 states and Washington, DC. Advertisers that hold gaming licenses in...
BlueBet Departing Indiana, US Strategic Review Ongoing
Australian sportsbook operator BlueBet announced on Monday that it's withdrawing from Indiana to focus its attention on other states. The gaming company also reminded investors that a strategic review of its US operations is ongoing. BlueBet gained access to the Indiana sports...
