Shaun C. Kelley

A leading sports betting analyst sized up the news of Draftkings Inc (NASDAQ: DKNG) attempting to acquire Entain ADR (OTC: GMVHY). What Happened: On Tuesday, DraftKings confirmed it was seeking to acquire Entain, a leading European sports betting company. The acquisition could have a huge...

After a large acquisition in the casino and online gaming space, Caesars Entertainment Inc (NASDAQ: CZR) put an asset up for sale. It has attracted higher bids than expected, leading to a bullish callout from an analyst. The Caesars Entertainment Analyst: Bank of America analyst Shaun C....

Many of the states with legalized online sports betting have reported April figures. Bank of America analyst Shaun C. Kelley breaks down the keys from April and which companies are winning and losing. April Sports Betting/iGaming Takeaways: Online sports betting was up 1,174% year over year for the...

Stocks related to sports betting have fallen significantly from their March highs, which one analyst argues could present value for investors. The Gaming Analyst: Bank of America analyst Shaun C. Kelley has a Buy rating on Boyd Gaming Corp (NYSE: BYD) and a price target of $80. The analyst has a...

Bank of America analyst Shaun C. Kelley sized up the online sports betting and iGaming segment after several states reported March figures and market share leaders. The Analyst Takeaways: For the states that reported March figures, online sports betting handle was up 478% year-over-year...

DraftKings Inc (NASDAQ: DKNG) received several price target raises after the strong fourth quarter reported on Friday. The DraftKings Analysts: Canaccord Genuity analyst Michael Graham reiterates a Buy rating and raises the price target from $65 to $80. Bank of America analyst Shaun C. Kelley...

Michigan launched online sports betting on January 22, with a handful of companies offering their services in the 10th most populous state in America. I downloaded six of the sports betting apps to test them out during the first weekend. Here is a look at how they fared in terms of...

Bank of America held a discussion with some experts in the sports betting industry to discuss some potential upcoming catalysts. Sports Betting in Texas: Team owners like Jerry Jones (Dallas Cowboys), Mark Cuban (Dallas Mavericks) and Tilman Fertitta (Houston Rockets) are all backing sports betting...

Sports betting continued to be a big story in 2020 even as the sporting world faced major disruptions with scheduling due to the COVID-19 pandemic. What Happened: Thanks in part to its 30% ownership stake in Barstool Sports, shares of Penn National Gaming (NASDAQ: PENN) were up over 230% in 2020....

The recent state of the state presentation by New York Governor Andrew Cuomo called for New York to push forward with online sports betting. Cuomo called for New York to operate with a state-sponsored online and mobile sports betting offering to help fill a $15 billion state budget gap. Why It'...

Casino stocks Penn National Gaming (NASDAQ: PENN) and MGM Resorts International (NYSE: MGM) reported quarterly earnings Thursday. Here's what a BofA Securities analyst has to say about the results.  BofA On Penn National Gaming's Q3: Penn had a solid margin beat, with...

Further sports betting legalization and launches in additional states represents a major catalyst for a sector that has posted solid returns in 2020. The Next States To Launch: BofA Securities analyst Shaun Kelley shared takeaways in a note from a conversation with Chris Grove and...

BofA Securities is out with an early, positive reaction to the Barstool Sportsbook app after its opening weekend in Pennsylvania. The Penn National Analyst: Shaun Kelley reiterated a Buy rating on Penn National Gaming (NASDAQ: PENN) and raised the price target from $59.75 to $85....

Walt Disney Co's (NYSE: DIS) ESPN announced two separate deals with DraftKings Inc (NASDAQ: DKNG) and Caesars Entertainment (NASDAQ: CZR) on Monday. The deals include link outs for both brands sportsbooks. DraftKings gets exclusive rights for daily fantasy sports partnership with...

Shaun C. Kelley of Bank of America has initiated coverage on Red Rock Resorts Inc (NASDAQ: RRR) at Buy, and set a price target of $24. Red Rock is a leading casino operator, with 19 casino properties under its belt. It is also the manager of two Native American casinos. The company is a "near pure...