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The Dublin-based parent company of FanDuel launched a secondary listing of its shares on the New York Stock Exchange on Jan. 29. Shareholders have since voted to making the NYSE the primary listing for the stock rather than London, and that change is slated to take effect May 31. UBS analyst Ben Shelley said in a May 9 note to clients that the primary listing change could help close those gaps. Flutter is not the only company in recent years to shift its primary listing to the U.S., and the track records of those companies could be a positive sign for Flutter. UBS pointed to building materials companies CRH — which transitioned its primary listing to the NYSE in September 2023 — and Ferguson — which made the switch in May 2022 — as examples.
Persons: FanDuel, Ben Shelley, , Ferguson, Shelley, Paddy Power Organizations: UBS, The, New York Stock Exchange, NYSE, Penn Entertainment, MGM Resorts International, DraftKings, MGM International Locations: U.S, The Dublin, London
Cooler-than-expected inflation data could push stocks higher, especially those that benefit the most from a decline in the cost of money. MGM stock has added more than 21% from the start of the year, while Caesars has climbed about 11%. Elsewhere, Solar Battery company SunRun also made the cut, and average analysts polled by FactSet/Refinitiv implies nearly 89% upside moving forward. Shares have pulled back more than 52% from the start of the year as higher interest rates pressure the overall solar sector . RUN YTD mountain SunRun stock.
Persons: Russell, SunRun Organizations: Labor Department, CPI, Dow Jones, Federal Reserve, CNBC, Treasury, MGM International, Caesars Entertainment, MGM, Caesars, Las, Solar Battery, FactSet, BMO Capital Markets, Dish Network, AES Corporation Locations: Las Vegas
Casino giant Caesars confirms data breach
  + stars: | 2023-09-14 | by ( ) www.reuters.com   time to read: +1 min
Sept 14 (Reuters) - Caesars Entertainment (CZR.O) on Thursday confirmed a data breach that led to a leak of information, including details from its loyalty program database. The company said hackers accessed details, including driver's license numbers and possibly social security numbers, for a "significant number of members in the database". Caesars added it is still investigating the extent of the data leak "acquired by the unauthorized actor" and has no evidence to date that any member passwords/PINs, bank account information or payment card information were accessed. Another casino operator MGM International (MGM.N) was also allegedly hacked by a group called Scattered Spider, Bloomberg News had reported. Analysts at Moody's have warned MGM Resorts may see a negative impact to its credit rating after the recent data breach.
Persons: Priyamvada, Krishna Chandra Organizations: Caesars Entertainment, Caesars, Wall Street, MGM, Bloomberg News, Reuters, Moody's, MGM Resorts, Thomson Locations: Bengaluru
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