5251 stories by Todd Shriber
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...
Light & Wonder Good News Mostly Priced In, Say Analysts
Late Tuesday, gaming device manufacturer Light &Wonder (NASDAQ: LNW) delivered solid fourth-quarter results. But some analysts believe most of the good news is already factored into the shares. With the stock up 17.4% year-to-date and 57.5% over the past 12 months, it’s...
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...
DraftKings Stock Could Have More Upside Ahead
Down 9.56% over the past week, DraftKings (NASDAQ: DKNG) stock could be in the midst of a pullback that some investors have been eagerly awaiting. Even with the recent retrenchment, shares of the online sportsbook operator are higher by 14.35% year to...
FanDuel Hires E. Sequoyah Simermeyer, Ex-Nat’l Indian Gaming Chair
FanDuel made another tribal gaming hire Monday, as the online sportsbook operator announced the addition of E. Sequoyah Simermeyer as vice president of strategic partnerships. Simermeyer previously served as chairman of the National Indian Gaming Commission (NIGC). He was nominated for that...
Playtika Halts Strategic Review, Initiates Dividend
Shares of mobile games developer Playtika (NASDAQ: PLTK) slid Monday after the company reported fourth-quarter earnings per share (EPS) that missed Wall Street estimates, and as the firm said it’s halting a strategic review. In the final three months of 2023, Playtika...
Sands’ New York Casino Effort Suffers Legal Setback
Las Vegas Sands’ plans to bring a casino hotel to the site of Nassau Veterans Memorial Coliseum in Uniondale, New York, may have been dealt a setback last Friday. That's when New York State Supreme Court Justice Sarika Kapoor reiterated her previous...
Mohegan Gaming to End Management of Resorts Casino Atlantic City
Mohegan Gaming & Entertainment, the casino arm of Connecticut’s Mohegan Tribe, will end its management agreement at Resorts Casino Hotel in Atlantic City, NJ at the end of this year. The Tribal gaming giant made the announcement yesterday, marking something of an...
