5359 stories by Todd Shriber
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...
Adelson, Dumont Families Acquire Marquee Dallas Real Estate
By way of their majority acquisition of the Dallas Mavericks, the Adelson and Dumont families took the deed to some pivotal real estate in the Dallas area. As part of the transaction that saw the families with ties to Las Vegas Sands...
Times Square Casino Could Be Hindered by Perceptions of Crime
A consortium comprised of Caesars Entertainment, real estate developer SL Green, and rapper Jay-Z’s Roc Nation entertainment agency wants to bring a casino hotel to Times Square in New York City, but if that venue comes to life, it could be hampered...
Stake.com to Sponsor Sauber F1 Team
Cryptocurency casino operator Stake.com announced it procured the naming rights for Swiss Formula One team Sauber. For the previous five seasons, the team flew the Alfa Romeo flag. Stake.com will be the team’s primary sponsor for 2024 and 2025, before a rebranding...
VICI Properties Could Be 2024 Triple-Net Winner, Says Analyst
Amid soaring Treasury yields, triple-net real estate investment trusts (REITs), including casino REITs, stumbled last year. But VICI Properties (NYSE: VICI) could emerge as a winner from the group in 2024. The Caesars Palace owner is positioned to buck the bearish triple-net...
