5402 stories by Todd Shriber
Melco Earnings Growth Can Aid Debt Reduction
Melco Resorts & Entertainment (NASDAQ: MLCO) is likely on pace to grow earnings before interest, taxes, depreciation, and amortization (EBITDA). That should be enough going forward to reduce leverage over the next year to two years to levels last seen before the...
Caesars Insiders Buying Up Gaming Stock
Shares of Caesars Entertainment (NASDAQ: CZR) are down 19.6% over the past year, which is disappointing when considering the S&P 500 is higher by 29.2% over the same stretch. However, executives at the gaming company have used the weakness in their employer’s...
Golden Entertainment Joins List of Casino Dividend Payers
Golden Entertainment (NASDAQ: GDEN) is now among the group casino operators paying investors a quarterly dividend. In conjunction with its fourth-quarter earnings report on Thursday, the Strat operator announced that it initiated a quarterly dividend of 25 cents a share. The distribution...
Boyd Gaming Boosts Quarterly Dividend 6 Percent
Boyd Gaming (NYSE: BYD) announced Thursday that it's increasing its quarterly dividend by 6.3%, rising to 17 cents a share from 16 cents. The payout hike implies a forward dividend yield of 1.06%, up from the current level of 0.99%, based on...
IGT Global Gaming, PlayDigital Combining with Everi in $6.2B Deal
International Game Technology (NYSE: IGT) announced a long-awaited move for its global gaming and PlayDigital units, telling investors Thursday that those businesses will merge with Everi (NYSE: EVRI) in a $6.2 billion deal. Under the terms of the transaction, IGT investors will...
Melco Resorts One of 10 Best Stocks Under $10, Says Morningstar
For less than the price of a Big Mac in some parts of the U.S., an investor can acquire two shares of Melco Resorts & Entertainment (NASDAQ: MLCO). That's to say, by price tag, the casino operator is cheap. So cheap that...
Wynn Resorts Stock Has Look of Value Play, Says JPMorgan Analyst
Shares of Wynn Resorts (NASDAQ: WYNN) are higher by 12.8% year to date, an advantage of more than 600 basis points over the S&P 500. But that doesn’t mean the gaming stock lacks value traits. In fact, at least one analyst views...
DraftKings’ Q1 Boosted by Super Bowl Parlays, Prop Bets, Says Analyst
Most sportsbook operators were pinched by the Super Bowl because the underdog Kansas City Chiefs won outright. But DraftKings’ (NASDAQ: DKNG) first-quarter earnings might prove sturdy due to the operator winning on parlays and some popular proposition wagers. Following a meeting with...
Century Casinos Stock Rebound Could Take Time to Materialize
It could take a while for Century Casinos (NASDAQ: CNTY) to reclaim lost glory but the sell-off that’s seen the stock shed more than two-thirds of its value over the past year is too punitive. That’s the take of Stifel analyst Jeffrey...
Ex-Gov. David Paterson Says Hofstra Barred Him Over Casino Rift
Former Gov. David Paterson (D-NY) says Hofstra University, the school at which he earned his law degree, barred him from campus events because of his role as a lobbyist for Las Vegas Sands (NYSE: LVS). Sands is the gaming company seeking to...
