5134 stories by Todd Shriber
Caesars Downgraded, Price Target Slashed as Analyst Sees Underperformance Continuing
Shares of Caesars Entertainment (NASDAQ: CZR) slipped almost 2% today on above-average volume after Susquehanna analyst Joseph Stauff downgraded the gaming stock. In a note to clients, Stauff pared his rating on the Harrah’s operator to “negative” from “neutral” while slashing his...
Rush Street Interactive Sale Could Be Imminent, According to Report
The long rumored sale of Rush Street Interactive (NYSE: RSI) could materialize in two months or less, according to a recent report. Citing unidentified sources, the Off Shore Gaming Association (OSGA) noted that a deal for the BetRivers owner could be reached...
MGM Stock Sporting Attractive Risk/Reward Says Analyst
After dithering for much of this year, shares of MGM Resorts International (NYSE: MGM) are on a torrid pace as of late, as highlighted by a gain of 7.53% over the past week and 13.51% over the past month. Analysts are bullish...
Bally’s Plugs Chicago Casino Funding Gap in $2B Deal with GLPI
Shares of Bally’s (NYSE: BALY) surged Friday after the gaming company announced it will strike deals with Gaming and Leisure Properties (NASDAQ: GLPI) for an aggregate of $2.07 billion in financing. That closes an $800 million shortfall the operator faced on its...
The High Line Announces Opposition to Wynn New York Casino
The High Line, a nonprofit group named after a park on the West Side of Manhattan, launched the “Protect the High Line” campaign in opposition to plans by Related Cos. and Wynn Resorts to bring a casino hotel to that part of...
Blackstone’s Crown Resorts Sells Nobu Stake, Turns Tidy Profit
Crown Resorts, the Australian casino operator controlled by US private equity Blackstone (NYSE: BX), sold its 20% interest in the posh Nobu hotel-restaurant chain. As is often par for the course with Blackstone, an impressive profit was wrung from the divestment. Crown...
Strat Could Be Mirage Closing Winner, Says Analyst
With the Tropicana shuttered in April, and with the Mirage heading for a temporary closure starting July 17, it doesn’t take an expert to figure out that room supply on the Las Vegas Strip is declining. Some experts and analysts have stated...
Wynn Las Vegas Operations Stand Out Amid Macau Lethargy, Says Analyst
Within the investment community, Wynn Resorts (NASDAQ: WYNN) is typically viewed as a Macau story because the operator’s Wynn Macau entity drives the bulk of its earnings and revenue, but that shouldn’t overshadow an increasingly bullish case for the company’s Las Vegas...
Caitlin Clark Sparks Nearly Fivefold Increase in WNBA Bets
Indiana Fever rookie Caitlin Clark is already one of the most visible players in the WNBA and that recognition is clear in the world of sports wagering, as data confirm games in which she plays draw more bets than the average WNBA...
BetMGM, Caesars Join Washington, DC Sports Betting Expansion
Washington, DC’s mobile sports wagering market will open to multiple competitors next week, stripping FanDuel of a brief monopoly. Starting Monday, BetMGM will be live with mobile betting in the District and there are indications Caesars Sportsbook will also be available citywide...
