4464 stories by Todd Shriber
Penn Entertainment Lifted by JPMorgan Upgrade
Shares of Penn Entertainment (NASDAQ: PENN) closed higher by 3.90% today on volume that was well above the daily average after JPMorgan upgraded the gaming stock. In a new report to clients, analyst Joseph Greff lifted his rating on the regional casino...
Wynn NYC Casino Gets Harsh Treatment from Community Board
A committee of a New York community board voted against zoning changes that would allow Related Cos. to proceed with a $12 billion development of the Western Rail Yards at Hudson Yards -- a plan that also includes casino hotel to be...
ESPN Branding Helping ESPN Bet, Says YouGov
Penn Entertainment’s (NASDAQ: PENN) ESPN Bet mobile sportsbook went live just over a year ago and signs are emerging that the site is benefiting from ties to the sports broadcast network. A recent survey by YouGov notes the Penn entity is the...
Marriott Hotel at Rampart Casino Commits to $75M Renovation
The JW Marriott Las Vegas Resort & Spa at the Rampart Casino in Summerlin will undergo a $75 million renovation encompassing the conference center, guest rooms, and lobby, among other parts of the venue. The announcement coincides with the 25th anniversary of...
Georgia Voters that Backed Trump Want Sports Betting, Says Pol
Last month, President-elect Donald Trump won the key battleground state of Georgia by 2.2% over Vice President Kamala Harris, vanquishing a narrow defeat to President Biden in the Peach State four years earlier. One politician believes many of the voters that carried...
Wynn Unlikely to See Activist Action, Says Analyst
Wynn Resorts (NASDAQ: WYNN) stock is higher by 10.09% over the past month, a period in which a well-known investor upped his stake in the casino operator, but some analysts don’t believe a takeover offer is on the table. In a new...
Flutter Stock Could Double in 4 Years, Says Analyst
Shares of Flutter Entertainment (NYSE: FLUT) closed higher by 1% today after an analyst said the stock has the potential to more than double to $600 over the next four years. The gaming equity closed at $277.47 today. In a report to...
VICI Inks Deal with IGP for Canadian Casinos
VICI Properties (NYSE: VICI) announced Tuesday that it amended its master lease agreement with Pure Canadian Gaming Corp., owing to the acquisition of that company’s operating assets by Indigenous Gaming Partners (IGP). In January 2023, VICI acquired the real estate assets of...
Resorts World Las Vegas Changes Improve Credit Outlook
Recent changes at Resorts World Las Vegas, including the formation of its first board of directors, could simplify parent Genting Bhd’s corporate structure while being positive for the Strip venue’s credit profile. That’s the take of CBRE analysts Colin Mansfield and Connor...
Bragg Gaming Surges on Insider Buying, Revenue Outlook
Shares of Bragg Gaming (NASDAQ: BRAG) soared Tuesday after the company said insiders have recently been buying the stock and that it expects double-digit revenue growth next year. In midday trading on Tuesday, the stock was higher by 13.64% on volume that...
