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SHR closes full 1.7 billion baht bond sale with 4.50% annual coupon
S Hotels and Resorts Public Company Limited, or SHR, a subsidiary of Singha Estate, announced that it has fully closed the offering of its bonds totaling 1.7 billion baht, meeting its target in full. This bond series has a tenor of 2 years and 9 months with a fixed interest rate of 4.50% per annum. It was offered to the general public between 14 and 16 September 2026 and received a very good response from investors. Mr. Michael Marshall, Chief Executive Officer of SHR, said this response reflects confidence in the company's business fundamentals and growth potential, and he thanked its five financial partners: Krungthai Bank, Kasikornbank, Asia Plus Securities, Krungthai XSpring Securities, and Land and Houses Securities. The proceeds from the bond issuance will be used to repay maturing bonds and to invest in projects to renovate and upgrade hotel assets. This bond series has been assigned a credit rating of BBB-, which is at investment grade, by TRIS Rating Company Limited.
Caesars and Fertitta Entertainment receive FTC second request on merger
Caesars Entertainment and Fertitta Entertainment each received a request for additional information from the Federal Trade Commission about their transaction. The companies received the second request on Monday, according to an 8-K filing on Thursday, and Caesars and Fertitta Entertainment intend to continue to work cooperatively with the FTC in its review of the merger. Caesars also announced that Jesse Lynn and Ted Papapostolou will exit Caesars' board effective immediately, with Icahn Group waiving its right to name replacement directors. Caesars holders are scheduled to vote on the deal on Tuesday. Shares of Caesars ticked down by 0.08% on Thursday.
SHR debuts 1.7-billion-baht bond offering at 4.50% interest
S Hotel & Resort Public Company Limited, or SHR, disclosed through the Stock Exchange of Thailand that on 17 September 2026 the company issued and offered its 1/2026 series bonds, due for redemption in 2029, with a total value of 1.7 billion baht, offered to the general public. The bonds carry a term of 2 years and 9 months, maturing on 17 June 2029, comprising 1,700,000 units with a par value of 1,000 baht each, a fixed interest rate of 4.50% per annum, with interest paid every three months, no early redemption right, and a credit rating of BBB- with a Stable outlook from TRIS Rating Company Limited as of 8 July 2026. Isarin Pattaramai, Chief Financial Officer of SHR, stated that the proceeds will be used to repay debt from a roll-over debenture issuance within October 2026, as well as for asset acquisition, investment, or working capital in activities related to the company's current business operations, within December 2027. The underwriters for this offering are Krungthai Bank, or KTB, Kasikornbank, or KBANK, Krungthai XSpring Securities Company Limited, Land and Houses Securities Public Company Limited, and Asia Plus Securities Company Limited, with KTB acting as both the bond registrar and the bondholders' representative. This bond issuance falls under a total limit of not more than 8 billion baht as approved by the shareholders' meeting, and SHR has currently issued and offered bonds totaling 3 billion baht.
SHR closes 1.7 billion baht bond sale at 4.50% interest, fully subscribed
S Hotels & Resorts Public Company Limited, or SHR, a subsidiary of Singha Estate, announced the successful offering of bonds worth a total of 1.7 billion baht, with a maturity of 2 years and 9 months and a fixed interest rate of 4.50% per year. The bonds were offered to the general public between 14 and 16 September 2026 and drew a strong response from investors, allowing the company to close the offering in full as targeted. Chief Executive Officer Michael Marshall said the strong reception reflects confidence in SHR's business fundamentals and growth potential, and thanked its five financial partners: Krungthai Bank, Kasikornbank, Asia Plus Securities, Krungthai XSpring Securities, and Land and Houses Securities. The proceeds will be used to support the repayment of maturing bonds and to fund investment in projects to renovate and upgrade the company's hotel assets. The bonds received a credit rating of BBB-, which is at investment grade, from TRIS Rating.
SHR closes 1.7 billion baht bond sale at 4.50% interest, hitting target
S Hotel and Resort Public Company Limited, or SHR, successfully offered bonds with a total value of 1.7 billion baht, with a term of 2 years and 9 months and a fixed interest rate of 4.50% per year. The offering closed after fully meeting its target, with the bonds sold to the general public between September 14 and 16, 2026. Michael Marshall, Chief Executive Officer of SHR, said the strong response from investors reflects confidence in the company's business fundamentals and growth potential. The proceeds will be used to support repayment of bonds due for redemption and to fund investment in projects to renovate and upgrade hotel assets. The bonds received a credit rating of BBB-, an investment-grade level, from TRIS Rating Company Limited, with five financial partners supporting the offering: Krungthai Bank Public Company Limited, Kasikornbank Public Company Limited, Asia Plus Securities Company Limited, Krungthai XSpring Securities Company Limited, and Land and Houses Securities Public Company Limited.
SHR closes 1.7 billion baht bond sale at 4.50% interest to fund hotel upgrades
S Hotels and Resorts Public Company Limited, or SHR, a subsidiary of Singha Estate, successfully offered and sold bonds worth a total of 1.7 billion baht, with a term of 2 years and 9 months and a fixed interest rate of 4.50% per year. The bonds were offered to the general public between 14 and 16 September 2026, and the offering closed fully subscribed in line with the target. Chief Executive Officer Michael Marshall said the strong response from investors reflects confidence in the company's business fundamentals and growth potential, and thanked its five financial partners: Krungthai Bank, Kasikornbank, Asia Plus Securities, Krungthai XSpring Securities, and Land and Houses Securities. The proceeds will be used to support repayment of maturing bonds and to fund investment in projects to renovate and upgrade hotel assets in order to improve asset quality and competitiveness. The bonds received a credit rating of BBB-, which is at investment grade, from TRIS Rating.
SHR closes full 1.7-billion-baht bond sale at 4.50% interest
S Hotel & Resort Public Company Limited, or SHR, a subsidiary of Singha Estate, announced that its offering of bonds worth a total of 1.7 billion baht was fully subscribed, meeting its target, after receiving a strong response from investors. The bonds carry a term of 2 years and 9 months and a fixed interest rate of 4.50% per year. They were offered to the general public from 14 to 16 September 2026 and were assigned a credit rating of BBB-, which is at investment grade, by TRIS Rating Company Limited. Michael Marshall, Chief Executive Officer of SHR, said the strong response reflects investor confidence in the company's business fundamentals and growth potential, and thanked its five financial partners: Krung Thai Bank Public Company Limited, Kasikornbank Public Company Limited, Asia Plus Securities Company Limited, Krungthai XSpring Securities Company Limited, and Land and Houses Securities Public Company Limited. The proceeds will be used to support the repayment of maturing bonds and to fund investment in projects to renovate and upgrade hotel assets, in order to raise asset quality and competitiveness, alongside prudent management of the financial structure and liquidity.
Entain to cut 400 jobs and warns Burnham tax raid risks 1,470 betting shops
Entain, the gambling giant behind Ladbrokes and Coral, is consulting on cutting around 400 customer-service roles, mainly in the UK, out of a total of around 2,000, after already shedding 500 jobs this year. The company warned Andy Burnham that a tax raid on the sector could lead to more than 1,000 betting-shop closures. In an open letter, Entain chief executive Stella David said doubling the rate of machine games duty would land the company with an additional £100m annual bill, and cited independent modelling from EY indicating that a 40pc MGD rate could lead to up to 1,470 betting shop closures and 15,900 job losses, ultimately resulting in a net loss to the Exchequer of around £120m. Burnham and his Chancellor, John Healey, are understood to believe slot machine venues open 24 hours a day are wrecking lives and high streets. The warning comes as inflation-busting minimum wage rises and a £26bn National Insurance tax raid on employers have been blamed for an economy-wide slowdown in hiring, with 145,000 fewer people employed on payroll in August compared with a year earlier, according to the Office for National Statistics.
Entain to cut 400 customer care jobs worldwide amid UK gambling tax pressure
Ladbrokes owner Entain is cutting around 400 jobs worldwide, roughly a fifth of its 2,000-strong customer care workforce across 11 countries including the UK, as it blamed increased gambling taxes. The group, which also owns Coral and Sportingbet, said the consultation is set to end by November and did not reveal how many UK roles would go. Chief executive Stella David wrote to Prime Minister Andy Burnham warning that doubling the standard rate of machine games duty to 40% would add around £100 million to the annual cost of running Entain's UK retail business. The company has previously cautioned that new UK gambling taxes will have a massive impact worth around £250 million, with remote gaming duty rising from 21% to 40% from the start of April and a new general betting duty rate due next year. The cuts come two months after Entain reportedly confirmed 500 jobs were being cut worldwide in product technology and group corporate roles.
DraftKings and Flutter Jump After Ninth Circuit Rules Prediction Markets Are Gambling
The Ninth Circuit Court of Appeals ruled that sports-related event contracts offered by prediction-market platforms are sports bets rather than swaps under federal commodities law, clearing the way for Nevada to apply its gaming regulations to them. Shares of DraftKings Inc. gained up to 10% and Flutter Entertainment plc rose up to 8% on August 28 following the decision. The court denied requests for injunctive relief from Kalshi, Crypto.com, and Robinhood, all of which had sought to block the Nevada Gaming Control Board from shutting down their sports-related event contract offerings in the state. Prediction-market platforms and the Commodity Futures Trading Commission have argued that such contracts fall under exclusive federal jurisdiction as swaps, while 44 states have countered that the products are sports betting disguised in financial terms and should face the same state-level gambling regulations as licensed sportsbooks. The ruling reduces a significant structural threat to DraftKings and Flutter, though Kalshi's September 9 petition for rehearing and any eventual Supreme Court review remain key developments to watch.
Wynn Resorts Subsidiaries Price $900M Senior Notes at 6.875%
Wynn Resorts announced that its indirect wholly-owned subsidiaries, Wynn Resorts Finance, LLC and Wynn Resorts Capital Corp., have priced a private offering of $900M aggregate principal amount of 6.875% senior notes due 2035. The transaction is expected to close on or about September 22, 2026. Net proceeds from the offering, alongside existing cash on hand, will be contributed or loaned to Wynn Las Vegas, LLC to fund the full redemption of its 5.250% senior notes due 2027 and cover associated transaction expenses.
DraftKings CEO Jason Robins Touts Nationwide Prediction Product as 'Fertile New Ground'
DraftKings co-founder and CEO Jason Robins said the company's prediction product is breaking new ground as it becomes available nationwide for the first time this NFL season. In an interview on Market Domination, Robins said customers in states such as California, Texas, Florida and Georgia who previously could not place such plays can now do so. He said the product, launched toward the end of December last season, has improved dramatically in just nine months and could be twice as good or more by the end of the season. Robins described customer acquisition as healthy and said the company is getting great ROI on its marketing investment, adding that DraftKings will remain data driven and lean in where it sees success. He also addressed rising competition from rival sportsbooks and prediction markets, saying DraftKings spends heavily on marketing and promotions but treats them as disciplined investments with acceptable returns.
Brightstar Lottery launches €500M tender offer and new 2032 notes
Brightstar Lottery has launched a tender offer for its outstanding €500 million 2.375% senior secured notes due 2028 and announced a benchmark offering of new euro-denominated senior secured notes due 2032. The company will offer €990 per €1,000 principal amount for any and all Regulation S interests in the existing notes, plus accrued and unpaid interest. Proceeds from the new notes will fund the tender offer, repay borrowings under its senior revolving credit facilities, and cover related fees and expenses, with the aim of extending the weighted average maturity of its debt. The tender offer is expected to complete on September 18.
Wynn Resorts Doubles Profit but Three Properties Lose Ground
Wynn Resorts reported second quarter 2026 net income of $140.1 million, more than double the $66.2 million a year earlier, with revenue rising to $1.86 billion and diluted earnings per share jumping to $1.32 from $0.64. However, the results were uneven: Wynn Palace drove the quarter with revenue up $113.8 million to $653.4 million and Adjusted Property EBITDAR climbing to $201.5 million, while Las Vegas Operations, Encore Boston Harbor, and Wynn Macau all saw EBITDAR decline. The company declared a quarterly dividend of $0.25 per share payable August 28, and repurchased 741,098 shares at an average price of $101.20, spending $75.0 million, leaving $326.1 million under its authorization. Total debt stood at $10.72 billion as of June 30, and Wynn continues to fund the Wynn Al Marjan Island project in the UAE, contributing another $48.1 million in the quarter toward a resort that will not open until September 2027. Hedge fund ownership dipped slightly to 43 funds, and short interest is at 9.64% of the float, reflecting cautious sentiment despite the profit surge.
Red Rock Resorts Q2 Profits Slide 29% as Dividend Holds
Red Rock Resorts reported second-quarter results for the period ended June 30, with net revenue slipping 3% to $510.3 million, net income falling 29.3% to $76.6 million, and adjusted EBITDA dropping 9.3% to $208 million compared with the same quarter a year earlier. Despite the declines, the board declared a dividend of $0.26 per Class A share, payable September 30 to stockholders of record as of September 15. Las Vegas operations, which account for nearly all of the company's revenue, saw net revenue decline just 2% to $503.2 million and adjusted EBITDA fall 5% to $227.5 million, while the Native American segment saw revenue collapse 62% to $3.8 million and adjusted EBITDA drop 72% to $2.8 million. The company ended the quarter with $136.5 million in cash against $3.6 billion in total principal debt, and short interest stands at 11.47% of float.
MGM Resorts International received a non-binding acquisition proposal from People Incorporated (formerly IAC) on June 1, 2026, offering $48.30 per share in cash, which immediately injected a 15% acquisition premium into the stock's valuation. The proposal was highlighted in Meridian Funds' second-quarter 2026 investor letter for the Meridian Hedged Equity Fund, which gained 4.50% during the period, lagging the S&P 500's 15.20% return. MGM's performance was bolstered by record results on the Las Vegas Strip and strong MGM China operations, with a 17% mass market share in Macau. As of September 3, 2026, MGM closed at $41.13 per share, with a market capitalization of $10.43 billion, and 63 hedge funds held the stock at the end of the second quarter, up from 57 in the previous quarter.
S Hotels and Resorts Public Company Limited (SHR), under Singha Estate, has announced an interest rate of 4.50% per annum for its 2-year 9-month bonds, with interest paid every 3 months. The bonds will be offered to the general public from September 14-16, 2026, through 5 leading financial institutions. The bonds have been rated BBB- by Tris Rating, which is an investment grade, while the company itself is rated BBB with a Stable outlook. Mr. Michael Marshall, CEO of SHR, stated that this bond issuance reflects confidence in the business fundamentals, and the proceeds will be used to repay existing bonds and support major hotel renovations. The underwriters expect the bonds to attract investor interest similar to previous Singha Estate bond offerings.
SHR Opens Bond Sale 2 Years 9 Months, Interest 4.50%, Sept 14-16, 2026
S Hotels and Resorts Public Company Limited, or SHR, a subsidiary of Singha Estate, has announced an interest rate of 4.50% per annum for its 2-year 9-month bonds, with interest paid every 3 months. The company plans to offer the bonds to the general public between September 14-16, 2026, through 5 leading financial institutions: Krungthai Bank, Kasikornbank, Asia Plus Securities, Krungthai Xspring Securities, and Land and Houses Securities. The bonds have been rated BBB- by Tris Rating, which is an investment grade, while the corporate credit rating is BBB with a Stable outlook. Mr. Michael Marshall, Chief Executive Officer of SHR, stated that this offering reflects confidence in the business fundamentals, and the company plans to use the proceeds to repay existing bonds maturing and to support major hotel renovation investments to enhance asset quality and increase competitiveness.
SHR Opens Bond Sale: 2-Year 9-Month Notes at 4.50% Annual Interest
S Hotels and Resorts (SHR) has announced an interest rate of 4.50% per annum for its bonds with a tenor of 2 years and 9 months. The offering will be made to the general public from September 14-16, 2026, through five leading financial institutions. The proceeds will be used to repay existing bonds upon maturity and to fund a major hotel renovation to upgrade assets and enhance competitiveness. The bonds have been rated "BBB-" by Tris Rating, which is investment grade, while the company itself is rated "BBB" with a "Stable" outlook. Chief Executive Officer Michael Marshall stated that this offering reflects confidence in SHR's business fundamentals and growth potential, with plans to use the funds to repay existing bonds and renovate hotels, while prudently managing the financial structure to balance growth and profitability.
SHR Opens Bond Sale with 4.50% Interest, 2-Year 9-Month Term, Sept 14-16
S Hotels and Resorts Public Company Limited, or SHR, under Singha Estate, has announced the interest rate for its new bond issue at 4.50% per annum, with a term of 2 years and 9 months, paying interest every 3 months. The company plans to offer the bonds to the general public between September 14-16, 2026, through five leading financial institutions: Krungthai Bank, Kasikorn Bank, Asia Plus Securities, Krungthai Xspring Securities, and Land and Houses Securities. The bonds have been rated "BBB-" by Tris Rating, which is an investment grade, while the company itself has been rated "BBB" with a "Stable" outlook. Proceeds from the offering will be used to repay existing bonds maturing and to support major hotel renovation investments. Mr. Michael Marshall, Chief Executive Officer of SHR, stated that this offering reflects confidence in the company's business fundamentals and growth potential.
SHR Sets 2-Year 9-Month Bond Interest Rate at 4.50% Per Annum
S Hotels and Resorts Public Company Limited, or SHR, announced an interest rate of 4.50% per annum for its 2-year 9-month bonds, with interest paid every 3 months. The company plans to offer the bonds to the general public between September 14-16, 2026, through 5 leading financial institutions. The bonds have been rated BBB- by Tris Rating, which is an investment-grade level, while the company itself is rated BBB with a Stable outlook. The proceeds will be used to repay existing bonds maturing and to support a major hotel renovation investment. Mr. Michael Marshall, Chief Executive Officer, stated that this offering reflects confidence in the business fundamentals and growth potential of SHR.
SHR Opens Bond Sale of 2-Year 9-Month Notes at 4.50% Interest on Sept 14-16
S Hotels and Resorts Public Company Limited (SHR) has announced an interest rate of 4.50% per annum for its bonds with a tenor of 2 years and 9 months. The bonds will be offered to the general public between September 14-16, 2026, through five leading financial institutions. The proceeds are planned to be used to repay existing bonds maturing and to support major hotel renovation investments to enhance asset quality and competitiveness. The bonds have been rated "BBB-" which is investment grade, while the company has been rated "BBB" with a "Stable" outlook by Tris Rating. Mr. Michael Marshall, Chief Executive Officer of SHR, stated that this offering reflects confidence in the company's business fundamentals and growth potential.
MGM Resorts Shares Down 5.9% Since Q2 Earnings Miss
MGM Resorts International reported second-quarter 2026 earnings that missed estimates, with adjusted EPS of 59 cents versus the 63-cent consensus, while revenues of $4.45 billion slightly beat expectations and rose 1% year over year. The company saw growth in Las Vegas Strip Resorts and MGM Digital, but profitability declined at MGM China and regional properties, dragging consolidated adjusted EBITDA down 5.7% to $610 million. Since the earnings release, shares have fallen 5.9%, underperforming the S&P 500, and estimates have trended downward. MGM repurchased about 4 million shares for $164 million during the quarter, leaving $1.4 billion under its buyback program, and construction of MGM Osaka remains on schedule for a 2030 opening.
DraftKings Closes $700M Term Loan and $750M Credit Facility
DraftKings Inc. announced the closing of its upsized $700 million senior secured term loan B facility and a new $750 million senior secured revolving credit facility, which replaces its existing $500 million facility. The term loan, increased from $600 million due to strong demand, matures in August 2033 and bears interest at SOFR plus 2.00% per annum. Proceeds from the term loan will be used to repurchase a portion of its outstanding Convertible Notes due 2028 and for general corporate purposes, while the revolving facility supports general corporate needs. The new revolving facility matures in August 2031.
Las Vegas Sands Q2 Earnings Miss Estimates on Low Macao Hold
Las Vegas Sands reported second-quarter 2026 adjusted earnings per share of 59 cents, missing the Zacks Consensus Estimate of 77 cents by 23.4%, while net revenues of $3.15 billion fell 6.4% short of the $3.37 billion consensus and declined 0.7% year over year. The company attributed the weakness to unusually low rolling-play hold in Macao, which reduced Macao adjusted property EBITDA by $87 million, even as gaming volumes increased across all Macao segments and Marina Bay Sands mass gaming revenues rose 5% to $886 million. Consolidated adjusted property EBITDA declined 16.1% to $1.12 billion, operating income fell to $618 million from $783 million, and net income dropped to $373 million from $519 million. The board subsequently increased the share repurchase authorization to $6 billion and extended the program to July 21, 2029. Analysts have since revised estimates downward, and the stock carries a Zacks Rank #5, or Strong Sell.
Churchill Downs Q2 Revenue Rises 4.9% to $980 Million
Churchill Downs reported second-quarter revenue of $980 million, up 4.9% year over year, in line with analyst expectations. The company also narrowly beat EBITDA estimates. Among the six gaming solutions stocks tracked, Rush Street Interactive posted the strongest results with revenue up 46.3% to $393.8 million, while PlayStudios was the weakest with revenue down 7.3% to $54.99 million. DraftKings revenue fell 4.6% to $1.44 billion, missing estimates, and Accel Entertainment revenue rose 9.6% to $368.1 million, beating expectations. Shares of the group have fallen an average of 6.2% since reporting.
Analysts are divided on MGM Resorts International following its second quarter earnings report. Argus reiterated a Buy rating, citing a Macau visitation recovery and easier Las Vegas comparisons, while Morgan Stanley maintained an Underweight rating, seeing 15% downside if a People Inc. bid of $48.30 does not proceed. Seeking Alpha's Quant Rating flipped back to Buy on August 10.
Bally's Stock Plunges 31% After Going Concern Warning
Bally's stock crashed 31% to $9.68 after auditors flagged a going concern warning in its second-quarter SEC filing, with $4.51 billion of long-term debt dwarfing a roughly $500 million market cap. The casino operator is pursuing financing alternatives including asset sales, an equity offering, or debt financing to stay in compliance with lenders on its revolving credit facility by early next year. Bally's also paused construction on non-gaming amenities at its $1.7 billion Chicago casino complex, idling about 200 workers and potentially withholding a $4 million city payment due in September. Caesars and MGM each fell less than 1%, confirming the crisis is a Bally's-specific balance-sheet event rather than a sector-wide breakdown.
SHR first-half profit 171 million baht, interim dividend 0.015 baht
S Hotels and Resorts Public Company Limited, or SHR, reported first-half net profit of 171 million baht and announced an interim dividend of 0.015 baht per share. The ex-dividend date is 26 August 2026, the record date for shareholders entitled to the dividend is 27 August 2026, and payment will be made on 10 September 2026. Chief Executive Officer Michael David Marshall said that in the second quarter of 2026 the company posted service revenue of 2.266 billion baht, and revenue for the first six months was 4.9 billion baht, amid challenges from geopolitical conditions and seasonal factors. Hotels in the Republic of Fiji delivered standout performance as they entered the high season, with revenue growing more than 9 percent year on year and revenue per available room reaching an all-time high for the second quarter, supported by occupancy of almost 90 percent. Meanwhile, SAii Laguna Phuket and SAii Koh Samui Villas recorded revenue per available room growth of 22 percent and 14 percent respectively. The company is confident that second-half performance will recover significantly as geopolitical tensions begin to ease, forward bookings improve, and oil prices start to decline, together with the high season in Fiji and the United Kingdom in the third quarter and in Thailand and the Maldives in the fourth quarter, as well as the launch of SunRay Social and Swim Club, a new day-club concept at SAii Koh Samui Villas on 1 August 2026 to boost non-room revenue.
DraftKings Reports Q2 Loss But Predictions Volume Surges
DraftKings reported second-quarter 2026 sales of US$1,443.24 million and a net loss of US$67.61 million, while reaffirming full-year 2026 revenue guidance of US$6.5 billion to US$6.9 billion. The company highlighted rapid adoption of its Predictions product, with management citing roughly US$11 billion in annualized trading volume by July following the June launch of its DKeX prediction markets exchange within the unified Sports & Casino app. DraftKings also noted stronger-than-planned customer acquisition at lower cost, positioning Predictions as a potential growth lever within its broader gaming ecosystem. Regulatory scrutiny of prediction markets remains the biggest risk to that story, according to the analysis.
PENN Entertainment Q2 Earnings Beat on EPS, Miss on EBITDA
PENN Entertainment reported second-quarter results that beat earnings per share expectations but missed on adjusted EBITDA. Revenue came in at $1.86 billion, in line with analyst estimates and up 5.2% year over year, while adjusted EPS of $0.44 beat the $0.26 consensus by 66.9%. Adjusted EBITDA was $312.6 million, missing the $454.6 million estimate, and operating margin improved to 7.9% from 5.3% a year earlier. During the earnings call, analysts questioned management about Interactive segment guidance, iCasino growth, the Aurora property ramp, M&A appetite, and Ontario's contribution, with executives citing cost efficiencies and strong retail performance as key drivers.
DraftKings Q2 Misses Estimates but Reaffirms Guidance
DraftKings reported second quarter results that missed Wall Street revenue and profit expectations, yet the stock rose as management reaffirmed full-year guidance and highlighted strong customer acquisition. Revenue came in at $1.44 billion versus analyst estimates of $1.51 billion, a 4.6% year-on-year decline, while adjusted EPS of $0.09 missed expectations of $0.19. The company cited a nearly 75% year-over-year increase in customer acquisition driven by the NBA Finals and World Cup, and reconfirmed full-year revenue guidance of $6.7 billion at the midpoint with EBITDA guidance of $800 million, above analyst estimates of $740.7 million. During the earnings call, analysts questioned management about customer overlap between Predictions and Sportsbook, competitive promotional spend, profitability of Predictions customers, cross-sell dynamics, and marketing investment flexibility, with CEO Jason Robins emphasizing minimal overlap, efficient promotions, improved unit economics from vertical integration, and a data-driven approach to spending.
DraftKings Inc. reported second-quarter revenue of $1,443 million, a 5% decrease year over year primarily driven by customer-friendly sport outcomes and increased promotional reinvestment. Adjusted EBITDA was $115 million, reflecting core business growth that was partially offset by sport outcomes and a 10% increase in planned customer acquisition spend. The company maintained its fiscal year 2026 revenue guidance of $6.5 billion to $6.9 billion and adjusted EBITDA guidance of $700 million to $900 million. Monthly unique payers rose 9% to 3.6 million, while sports consumer volume increased 15% to $13.1 billion. Management said the core business is on track to generate approximately $1 billion in adjusted EBITDA for the full year, excluding investments in the new Predictions segment.
SHR first-half profit 171 million baht, approves interim dividend of 0.015 baht per share
S Hotels and Resorts Public Company Limited, or SHR, reported first-half net profit of 171 million baht and announced an interim dividend of 0.015 baht per share. The ex-dividend date is set for 26 August 2026, the record date for shareholders entitled to receive the dividend is 27 August 2026, and the dividend will be paid on 10 September 2026. Service revenue for the second quarter was 2.266 billion baht, and for the first six months it was 4.9 billion baht. Amid challenges from geopolitical conditions and seasonal factors, the company is confident that second-half performance will recover significantly, driven by the return of long-haul tourist demand, improving forward bookings, and the onset of the tourism season for its hotels in Fiji, the United Kingdom, Thailand, and the Maldives.
Sharplink Posts $394 Million Loss as Ether Treasury Weighs on Q2 Results
Sharplink reported a $394.3 million net loss for the second quarter as losses tied to its large Ethereum treasury outweighed an increase in revenue. The company, the second-largest publicly traded holder of Ether, reported $11.5 million in revenue for the three months ended June 30, up from $697,000 a year earlier, with most of the revenue coming from staking which generated $11.2 million. Despite the sharp rise in revenue, Sharplink recorded a $321 million unrealized loss on crypto assets and a $76.1 million impairment charge tied to LsETH and weETH, which the company said was a non-cash accounting charge that did not reduce the amount of ETH or ETH-equivalent tokens it held. Sharplink held about 886,881 ETH at the end of June, valued at roughly $1.4 billion under U.S. accounting rules, and by August 3 its total ETH holdings had risen to 888,938 ETH. The company also raised $75 million through a registered direct offering in June, using part of the proceeds to buy about 10,000 ETH at an average price of $1,611, and separately repurchased roughly 2.1 million of its own shares for about $10 million.
Grandstand Launches Rollcard, a High-Limit Debit Card for Sports Betting and Casino Players
Grandstand Limited announced the public launch of Rollcard, a Visa debit card purpose-built for high rollers in sports betting, casino gaming, and prediction markets. The card is linked to a dedicated FDIC-insured deposit account that keeps a player's bankroll separate from everyday finances, offers cashback rewards on qualifying spend, and enables up to $1,000,000 in daily card spend per business day. Rollcard is issued by Cross River Bank, Member FDIC, and is available now at rollcard.com. Grandstand, which trades on Nasdaq under the symbol GRSD, describes itself as the intelligence layer of sports, gaming, and entertainment, with brands including OddsJam, RotoWire, and Gambling.com.
SharpLink Gaming Q2 GAAP EPS misses by $1.89, revenue misses by $1.89M
SharpLink Gaming reported second-quarter 2026 financial results, with a GAAP loss per share of $1.88 that missed estimates by $1.89. Revenue reached $11.5 million, sharply higher than $0.7 million a year earlier driven primarily by the company's actively managed ETH treasury strategy, but still missed estimates by $1.89 million. SG&A expenses rose to $9.1 million from $2.4 million, reflecting a full quarter of treasury-strategy operations and higher personnel, custody, insurance, legal and accounting costs. Cash and cash equivalents stood at $56.2 million as of June 30, up from $28.5 million at the end of 2025. ETH holdings totaled approximately 886,881 ETH at June 30 and 888,938 ETH as of August 3, with crypto assets valued at approximately $1.4 billion on a U.S. GAAP basis at June 30.
DraftKings maintains 2026 revenue and EBITDA outlook, plans $200-300 million predictions investment
DraftKings maintained its full-year 2026 revenue outlook of $6.5 billion to $6.9 billion and adjusted EBITDA outlook of $700 million to $900 million, while management said the core business could generate approximately $1 billion in adjusted EBITDA. Customer acquisition rose nearly 75% year over year and exceeded plans, with acquisition costs about 25% below expectations, though customer-friendly sports results created an estimated $80 million revenue headwind in the quarter. The predictions business is expanding rapidly: more than 600,000 customers have used it year to date, and annualized trading volume rose from $2.3 billion to $11 billion between April and July. DraftKings plans to invest an additional $200 million to $300 million in the predictions business during 2026.
DraftKings misses Q2 estimates, swings to loss, keeps revenue outlook
DraftKings reported second quarter 2026 results that missed earnings and revenue expectations, swinging from a profit to a loss while maintaining its full-year revenue guidance. The company posted Q2 sales of US$1.44 billion, down from US$1.51 billion a year earlier, and moved from net income of US$157.94 million to a net loss of US$67.61 million, with diluted earnings per share shifting from US$0.30 to a loss of US$0.14. For the first half of 2026, sales rose to US$3.09 billion from US$2.92 billion, but net income turned from US$124.07 million to a loss of US$46.54 million. Despite the weaker quarter, DraftKings kept its 2026 revenue outlook in the range of US$6.5 billion to US$6.9 billion, while management highlighted growth in iGaming revenue and customer activity even as several key operating metrics fell short of analyst expectations. The stock has fallen 17.6% over the past 30 days and 37.8% year to date, with a one-year total shareholder return down 51%, as investors reassess the company's growth profile and risk.
Airbnb, Twilio surge while Trade Desk, Sweetgreen plunge in after-hours trading
Several companies made significant after-hours moves following their quarterly earnings reports. Airbnb surged about 7% after posting second-quarter earnings of $1.37 per share on revenues of $3.61 billion, beating analyst forecasts of $1.25 per share and $3.58 billion. Twilio jumped roughly 16% on strong current-quarter guidance, projecting adjusted earnings of $1.42 to $1.47 per share on revenue of $1.51 billion to $1.52 billion, above consensus estimates. Trade Desk tumbled 22% after its adjusted earnings of 34 cents per share and revenue of $715 million missed expectations of 40 cents and $751 million. Sweetgreen plunged 14% as its second-quarter loss of 22 cents per share on $193 million in revenue fell short of the anticipated loss of 15 cents on $195 million. DraftKings slipped over 1.5% after revenue of $1.44 billion missed the $1.51 billion estimate, though it reaffirmed its 2026 fiscal-year guidance. Cloudflare rallied 17% on upbeat guidance, while Akamai Technologies gained 12% and Instacart rose more than 8% on better-than-expected revenue. Dropbox fell nearly 6% after its non-GAAP gross margin of 81.6% narrowly missed the 81.7% consensus.