4509 stories by Todd Shriber
DraftKings Gains Sports Betting Share Since Start of NFL Season
Week six of the 2023 NFL season is in the books, and with a record number of states permitting regulated sports wagering, it’s not surprising that the handle is on the rise. Data also indicate that DraftKings (NASDAQ: DKNG) has added market...
Gateway Casinos Mulling Sale, Seeking $2B
Canada’s Gateway Casinos is reportedly considering a sale and is seeking $2 billion, including debt. Bloomberg broke the story earlier Monday. The news emerged about two months after the casino operator announced the passing of Chief Executive Officer Tony Santo. Citing unidentified...
Elys Game Technology Stock to Be Delisted by Nasdaq
Elys Game Technology (NASDAQ: ELYS), a gaming technology provider, announced Monday that the Nasdaq Stock Market will delist its common stock on Tuesday, October 17. The news follows a decision by the Nasdaq Hearings Panel and comes as the stock has labored...
Churchill Downs Benefits from Virginia Court Ruling, Says Analyst
Virginia’s Supreme Court recently ruled that skill games don’t have First Amendment protections and are again illegal in the state. That decision could benefit Churchill Downs (NASDAQ: CHDN). That’s the take of Truist Securities analyst Barry Jonas, who, in a new note...
Slot Machine Stocks Inexpensive, M&A Could Perk Up, Says Analyst
Following the Global Gaming Expo (G23), which took place last week in Las Vegas, some sell-side analysts came away more constructive on various gaming equities, including slot machine stocks. In a new report to clients, Stifel’s Jeffrey Stantial observed that shares of...
Oh, No, Ozempic: Weight-Loss Drugs Could Weigh on Casino Revenue
The soaring popularity of weight-loss drugs, including Novo Nordisk's Ozempic and Wegovy, is already having profound effects on some industries. Casino gaming could be among the groups that are vulnerable to broader usage of pharmaceuticals designed to help patients lose weight. In...
Disney Exec, Investor Cautioned Company on Sports Betting
The debut of ESPN Bet, expected in November, marks Walt Disney’s (NYSE: DIS) initial foray into the consumer-facing side of the sports wagering industry -- something a high-ranking executive and a major investor previously warned the company about. In a wide-ranging article...
MGM’s Bill Hornbuckle Sees Four UAE Casinos Being Permitted
The United Arab Emirates (UAE) could go from long forbidding casino gaming to eventually being home to as many as four casino resorts. MGM Resorts International (NYSE: MGM) CEO Bill Hornbuckle expressed that view earlier this week at the Global Gaming Expo...
Golden Entertainment Could Consider Acquisitions
Backed by a strong balance sheet, Golden Entertainment (NASDAQ: GDEN) could be on the prowl for acquisitions. That’s one takeaway offered by Deutsche Bank analyst Carlo Santarelli following meetings with Golden management this week at the Global Gaming Expo (G2E) in Las...
Scattered Spider Waited Before Making MGM Ransom Demand
“Scattered Spider,” the group of hackers that recently infiltrated the technology systems of two major casino operators, waited several days before making financial demands of MGM Resorts International (NYSE: MGM). In an interview with Bloomberg earlier this week, MGM CEO Bill Hornbuckle...
