4507 stories by Todd Shriber
Century Casinos Still Mulling Poland Sale, Could Consider Share Buybacks, Says Analyst
Century Casinos (NASDAQ: CNTY) could still move to its sell its two-thirds stake in Casinos Poland and might eventually consider repurchasing its own shares. That’s the take of Stifel analyst Jeffrey Stantial who recently spoke with Century co-CEO Peter Hoetzinger. Stantial observed...
DraftKings Stock Gains Analyst Support Amid Slump
Shares of DraftKings (NASDAQ: DKNG) are off 15% over the past month, far exceeding the definition of a correction while paring the stock’s year-to-date gain to a meager 0.77%. Still, some analysts remain supportive of the gaming stock. On Tuesday, DraftKings was...
Casino Stocks Often Swoon in June
After today, there are 18 trading days remaining in June, meaning there’s much left to be determined regarding the broader market’s monthly performance. But if historical precedent holds true, this month could be a trying one for casino stocks. Of the 25...
FanDuel Close to Naming Rights Deal for 18 Diamond Sports Regional Networks
FanDuel is reportedly nearing an agreement to replace Bally’s (NYSE: BALY) as the sponsor of 18 regional sports networks (RSNs) controlled by bankrupt Diamond Sports Group. Various media reports mentioning the still yet-to-be-confirmed agreement didn’t mention financial terms. In November 2020, Bally’s...
New Jersey, New York Still Hotbeds of Black Market Sports Betting
Some form of sports betting, be it online, retail, or both, is live and legal in 38 states and Washington, DC, but broader legalization since the 2018 Supreme Court ruling on the Professional and Amateur Sports Protection Act (PASPA) isn’t serving the...
Penn Analysts Not Convinced Casino Company Will Sell Itself
Shares of Penn Entertainment (NASDAQ: PENN) surged last Friday after investor the Donerail Group sent a letter to the gaming company’s board urging it to consider a sale, but analysts don’t believe such a transaction will materialize. In the letter to Penn...
Stake.com Founders Boosting PointsBet Stake
The founders of cryptocurrency casino Stake.com are increasing their position in PointsBet (OTC: PBTHF). Ed Craven and Bijan Tehrani, the Australian billionaire entrepreneurs behind Stake.com, told the Australia Securties Exchange (ASX) last Friday that they recently boosted their PointsBet position to 16...
Flutter Entertainment Finalizes Primary Listing Move to NYSE
Flutter Entertainment (NYSE: FLUT) announced Friday that it completed the move of its primary listing venue to the New York Stock Exchange (NYSE) from the London Stock Exchange (LSE). The owner of the Betfair, Paddy Power, and PokerStars brands, among others, said...
Penn Entertainment Failing in Sports Betting, Should Consider Sale, Says Investor
In a letter to Penn Entertainment’s (NASDAQ: PENN) board of directors, the Donerail Group, which has long been an investor in the regional casino operator, said the gaming company is failing in online sports betting, is overcompensating CEO Jay Snowden, and should...
Carl Icahn Takes New Caesars Stake, Not Looking at Activism
Shares of Caesars Entertainment (NASDAQ: CZR) surged Friday after it was revealed that Carl Icahn has built a large position in the gaming stock. In late trading, shares of the Harrah’s operator are up 11% on volume that’s more than five times...
