Writer: David McKee
Wall Street reacts to DraftKings’s retreat from winning-bet surcharges
Shares of DraftKings rebounded on Wall Street on Wednesday morning, spiking as high as $33.50 per share in early trading. The recovery... more
U.S. casino traffic moves modestly upward in July, Jefferies analyst says
Foot traffic at U.S. casinos rose 2.4 percent in July, according to Jefferies Equity Research analyst David Katz. It lagged July 2019... more
FanDuel rules out imposing winning-bet surcharge, leading DraftKings to drop its plans
Top executives of FanDuel parent Flutter Entertainment spoke mostly in generalities during Tuesday’s second-quarter earnings call. But... more
FanDuel parent Flutter Entertainment’s profits soar in Q2
Shares of FanDuel parent Flutter Entertainment rose — and those of rival DraftKings fell — on news of a profitable second quarter of... more
Analyst takes cautious view of Everi, AGS
Truist Securities analyst Barry Jonas maintained Hold ratings on AGS and Everi Holdings following the release of their second-quarter... more
High hold, handle, revenue mark New York OSB
Wagers in excess of $1.2 billion helped drive online sports betting in New York State in July. OSB providers’ revenue totaled... more
Analyst: August in Macau “largely as expected”
Calling Macanese casino business in the first weeks of “largely as expected,” Jefferies Equity Research analyst Andrew Lee noted an... more
Rush Street insider sales blunt investor confidence
The stock price for Rush Street Interactive has fallen by double digits, following a series of insider transactions that were made on the... more
Light & Wonder execs exuberant over second-quarter earnings
Hailing “exceptional results” in the second quarter of 2024, Light & Wonder CEO Matt Wilson told Wall Street analysts his company... more
Light & Wonder grows revenue, renews stock buybacks
Posting an $82 million profit for the second quarter, Light & Wonder grew revenue 12 percent to $818 million. This reversed a... more
