4266 stories by Todd Shriber
Kambi Takeover Talk Heating Up, Fanatics, Sands Could Be Interested
Takeover chatter regarding Kambi Group Plc (OTC:KMBIF) is intensifying. That's after shares of the sports betting technology provider soared Wednesday, and one research firm has some interesting ideas pertaining to potential suitors. Entering today, Kambi shares were higher by 24% month-to-date. That...
Casinos Could Be Crimped By High Gas Prices, Bigger Concern for Travelers Than COVID-19
Memorial Day Weekend is here, marking the start of the summer travel season. But soaring gas prices will factor into consumers’ plans, potentially weighing on the casino industry in the process. In fact, a new survey by the American Hotel & Lodging...
Mets Owner Steve Cohen’s Hedge Fund Loads Up on VICI Stock
Gaming real estate investment trust (REIT) VICI Properties (NYSE:VICI) has a fan in New York Mets owner Steve Cohen. Cohen’s hedge fund -- Point72 Asset Management -- bought 633,800 shares of the Caesars Palace owner in the first quarter, according to documents...
DraftKings Stock Sentiment Shifting, California Could Be Catalyst, Says Jefferies
Positivity is at a premium for DraftKings (NASDAQ:DKNG). But sentiment could be shifting for the better on the beleaguered gaming stock. That’s according to Jefferies analyst David Katz, who came away from recent meetings with DraftKings senior management somewhat upbeat on the...
Macau Casino Operators’ Debt Burdens Rising, But All Likely to Survive
Shares of Macau concessionaires remain bad news/good news propositions, and Morgan Stanley’s updated forecast on the group’s debt burden confirms as much. The bad news is that the investment bank sees the combined debt of the six Macau casino operators potentially swelling...
Fox CEO Lachlan Murdoch Sees FanDuel Litigation Ending Soon
Fox Corp. (NASDAQ:FOXA) CEO Lachlan Murdoch expects the company’s legal spat with Flutter Entertainment (OTC:PDYPY) will be settled in the coming months, potentially boosting the media giant’s ability to capitalize on the growing US sports wagering market. Murdoch made the comments in...
Las Vegas NBA Rumor Intensifies Following Columnist Radio Interview
Long-running speculation about the NBA making its way to Las Vegas got more fuel earlier today. That's after a well-known sports columnist told a Seattle radio station the league is preparing current owners for expansion into those two cities. John Canzano, an...
Jack Binion’s Steak Coming to Bally’s Las Vegas During WSOP
Jack Binion’s Steak -- one the more venerable names among casino steakhouses -- is coming to Bally’s Las Vegas next month during the World Series of Poker (WSOP). The eatery is replacing BLT Steak, which was closed during the early days of...
2022 iGaming, Sports Betting Legalization Disappointing, Says Analyst
Total addressable market (TAM) is essential to internet casino and online sportsbook operators. The more bettors that have access to these products, the better for gaming companies and their investors. On that note, barring surprises in the back half of the year,...
Esports Entertainment in Survival, Not Growth Mode, Says Analyst
Esports Entertainment Group, Inc. (NASDAQ:GMBL), a tiny online gaming and sports betting company, is now prioritizing survival over top-line growth in a bid to bolster liquidity. Shares of the gaming company are down more than 15% today, extending the 12-month to about...
