5082 stories by Todd Shriber
California Sports Betting Shows Progress, Says Analyst
There could be some hope for regulated sports betting in California, because some commercial gaming companies are now aligning with the state’s largest Tribes in opposition to a pair of recently submitted sports wagering proposals. The pitches, including The Sports Wagering Regulation...
Genting Singapore Could Be Player for Thailand Casino Permit
Genting Singapore could emerge as a contender for a Thailand casino license should the government there approve integrated resorts. In a recent report to clients, Maybank analyst Samuel Yin Shao Yang said the Resorts World Sentosa operator could bid for a Thai...
Wynn Resorts Could Shine in 2024 as Macau Stocks Rebound
Wynn Resorts (NASDAQ: WYNN) could be a star among gaming stocks this year, as Macau’s rebound continues taking shape. That’s the take of Stifel analyst Steven Wieczynski, who in a recent report to clients, extolled a preference for Macau operators in 2024....
Caesars Shakeup: Slew of Entertainment Execs Leave Casino Giant
Caesars Entertainment (NASDAQ: CZR) started 2024 by significantly pruning the ranks of entertainment executives, with as many as 10 such employees reportedly leaving the casino operator. The Las Vegas Review-Journal reported that on Tuesday, Jan. 2, up to 10 entertainment executives left...
DraftKings Q4 Results Could Be Pinched by Rough November
A strong November by U.S. sports bettors could weigh on DraftKings’ (NASDAQ: DKNG) fourth-quarter results, according to Benchmark analyst Mike Hickey. In a note to clients today, Hickey wrote that favorable results for bettors in the 11th month of the year may...
Boyd Gaming, Monarch Casino Downgraded on Regional Gaming Concerns
Boyd Gaming (NYSE: BYD) and Monarch Casino & Resort (NASDAQ: MCRI) were downgraded amid concerns that regional casinos are facing consumer-related lethargy. In a note to clients, Stifel analyst Steven Wieczynski lowered his ratings on both stocks to “hold” from “buy,” while...
VICI Properties Credit Grade Could Be Affected by Nongaming Acquisitions
VICI Properties (NYSE: VICI) is the largest domestic owner of casino real estate. But the company’s nongaming acquisitions could affect its corporate credit rating. The Caesars Palace owner is currently rated “BBB-“ by Fitch Ratings -- the lowest investment grade -- but...
iGaming Upstarts Can Make Headway, Says Research Firm
Internet casinos are widely viewed as the next growth frontier for the gaming industry, and one with stronger long-term prospects than online sports betting. That indicates there could be room for newer entrants to gain market share in the space. In a...
IGT Downgraded as Strategic Review Turns Sluggish
Shares of International Game Technology (NYSE: IGT) slumped Thursday after the stock was downgraded by Jefferies. The research firm lowered its rating on the gaming device manufacturer to “hold” from “buy,” while trimming its price target to $29 from $36. That new...
Entain Officially Adds Critic Ricky Sandler to Board
Shares of Coral owner Entain Plc (OTC: GMVHF) closed higher in UK trading Wednesday after the gaming company officially appointed Eminence Capital founder and critic Ricky Sandler to its board of directors in a nonexecutive capacity. Speculation regarding Sandler’s potential appointment to...
