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DraftKings Director Shalom Meckenzie Continues Dumping Inventory

DraftKings (NASDAQ:DKNG) board member Shalom Meckenzie continues selling shares of the sportsbook operator. The Israeli billionaire recently sold 660,000 shares of DraftKings in a series of four transactions at prices…

Southland On line casino Bounces Again, As Bridge to West Memphis Reopens

Southland Casino Racing in West Memphis, Arkansas, won more money in August than the previous month. This occurred with the reopening of a major bridge connecting the casino’s home city…

Wells Fargo Begins Protection of Gaming Shares, Bullish on Boyd, Caesars, DraftKings, MGM

Wells Fargo is initiating coverage on a variety of gaming stocks. The bank is expressing a preference for names with Las Vegas footprints and exposure to the fast-growing iGaming and…

DraftKings Inventory Value Goal Upped, Analyst Sees Firm Taking Share from FanDuel

DraftKings (NASDAQ:DKNG) stock is following other gaming equities lower today. But the sportsbook operator is on the receiving end of more support from the sell-side. In a note to clients…

Caesars Promoting $1.2 Billion in Bonds to Retire Different Debt

Caesars Entertainment (NASDAQ:CZR) is selling $1.2 billion in senior notes to higher interest rate debt that’s maturing sooner than the new offering. The casino operator said last Friday it priced…

NFL Kickoff Vital Spark for Sports activities Betting Shares, Says Macquarie

The 2021 NFL season got going Thursday when the Tampa Bay Buccaneers defeated the Dallas Cowboys. But the campaign starts in earnest today, and that could be a boon for…

Genius Sports activities Inventory Nonetheless Genius Thought Even with Current Surge, Says Analyst

Clearly, there’s something about football season and its impact on sports wagering equities. Genius Sports (NYSE:GENI) stock is flirting with a gain of eight percent this week and is higher…

Crown Resorts at Future Danger of Default, Auditor Warns on Going Concern

Auditor KPMG has said the various regulatory investigations swirling around embattled casino giant Crown Resorts, coupled with the pandemic effects, have created “material uncertainties” about whether the operator can continue…

Sands Main Markets Gained’t Return to Pre-Pandemic Ranges Till 2023-24, Says Fitch

Las Vegas Sands (NYSE:LVS) maintains an investment-grade credit rating from Fitch Ratings. But the research firm has a negative outlook on that grade, noting it will take time for the…

Harrah’s New Orleans Reopens in Hurricane Ida’s Damaging Aftermath

Harrah’s New Orleans Hotel and Casino reopened on Wednesday, 10 days after deadly Hurricane Ida knocked out power in the region. Other casinos in the New Orleans area remain closed.…