5402 stories by Todd Shriber
Golden Entertainment Seen as Golden Opportunity Among Casino Stocks
Shares of Golden Entertainment (NASDAQ: GDEN) are off 15.15% year-to-date, and the stock labors 25% below its 52-week high. But some analysts remain bullish on the name. That group includes Truist Securities analyst Barry Jonas, who in a recent report to clients,...
Standard General Pledges to Complete Chicago Casino if it Buys Bally’s
Standard General said it will live up to Bally’s (NYSE: BALY) commitment to build a $1.1 billion casino hotel in Chicago should the regional gaming company accept the hedge fund’s acquisition offer. On Monday, Standard General, which owns 23% of Bally’s equity,...
MGM Open to Casino Opportunities in Thailand, UAE, Says CEO Bill Hornbuckle
The United Arab Emirates is a “fascinating” jurisdiction, and Thailand could be a market that MGM Resorts International (NYSE: MGM) eventually pursues, according to CEO Bill Hornbuckle. He made remarks to that effect Thursday at the J.P. Morgan Gaming, Lodging, Restaurant &...
FanDuel Hailed as Catalyst for Flutter Stock
FanDuel is viewed as a primary catalyst for Flutter Entertainment (NYSE: FLUT) stock, which recently debuted on the New York Stock Exchange (NYSE). That’s the opinion of JPMorgan analyst Estelle Weingrod, who in a new report to clients, upgraded shares of the...
Thai Policymakers Inch Closer to Considering Casino Legislation
The possibility that Thailand will eventually be home to casino resorts is inching closer to reality. That's amid speculation that the House of Representatives studying the issue could submit a report to parliament as soon as next week. It’s expected the committee...
DraftKings Could Benefit from AI Productivity Gains
One of the primary selling points of artificial intelligence (AI) at the corporate level is that the disruptive technology can boost productivity, potentially leading to higher profitability. DraftKings (NASDAQ: DKNG) is a prime example of a gaming operator that can benefit from...
Bally’s Should Accept Standard General Takeover, but Probably Won’t, Says Analyst
Bally’s (NYSE: BALY) should accept the $15 per share acquisition bid floated Monday by Standard General, but the regional casino operator is unlikely to do so, according to an analyst. That’s the view of Wells Fargo analyst Daniel Politzer. He commented on...
TruTV Leans Into Sports and Betting in Attempted Refresh
With the NCAA Tournament kicking off later this month, this is the time of year that television viewers are reminded about the relevance of TruTV. The rest of the year, not so much. But parent company Warner Bros. Discovery is looking to...
Las Vegas Casino Consumer Still in Strong Shape, Says Analyst
Visitors keep finding their way to Las Vegas, and that could be beneficial to casino operators’ first-quarter results. Likewise, Macau concessionaires and online gaming firms are positioned to reap the benefits of resilient consumer spending trends. Citing stability among consumers, Macquarie analyst...
FanDuel Officially Replacing GambetDC in Washington, D.C.
It’s official. FanDuel is taking the reins from GambetDC as the lone sports wagering mobile application in Washington, D.C. The Office of Lottery and Gaming (OLG) announced the change following recent speculation regarding such a move. Greek gaming company Intralot will maintain...
