4975 stories by Todd Shriber
MGM Director Meister Says Company Responded ‘Rationally’ to Cyberattack
Keith Meister, the hedge fund manager who’s a member of the board of directors at MGM Resorts International (NYSE: MGM), said the casino operator responded “rationally” to a September cyberattack. He added that the subsequent slump by the operator’s stock is a...
Las Vegas Sands Beats Q3 Revenue Estimates, Approves $2 Billion Buyback
Supported by strength at its Macau casino hotels and Marina Bay Sands in Singapore, Las Vegas Sands (NYSE: LVS) delivered third-quarter revenue that beat Wall Street forecasts. After the close of US markets today, the Venetian Macau operator said it earned 55...
Some Small-Cap Gaming Stocks Sporting Deep Value Traits
Across the broader market, large-cap stocks are outpacing their smaller counterparts this year, and that scenario holds true among small-cap gaming stocks. One potentially positive result of small-cap gaming stocks lagging large-cap rivals this year is that unusually wide valuation chasms are...
DraftKings Gains Sports Betting Share Since Start of NFL Season
Week six of the 2023 NFL season is in the books, and with a record number of states permitting regulated sports wagering, it’s not surprising that the handle is on the rise. Data also indicate that DraftKings (NASDAQ: DKNG) has added market...
Gateway Casinos Mulling Sale, Seeking $2B
Canada’s Gateway Casinos is reportedly considering a sale and is seeking $2 billion, including debt. Bloomberg broke the story earlier Monday. The news emerged about two months after the casino operator announced the passing of Chief Executive Officer Tony Santo. Citing unidentified...
Elys Game Technology Stock to Be Delisted by Nasdaq
Elys Game Technology (NASDAQ: ELYS), a gaming technology provider, announced Monday that the Nasdaq Stock Market will delist its common stock on Tuesday, October 17. The news follows a decision by the Nasdaq Hearings Panel and comes as the stock has labored...
Churchill Downs Benefits from Virginia Court Ruling, Says Analyst
Virginia’s Supreme Court recently ruled that skill games don’t have First Amendment protections and are again illegal in the state. That decision could benefit Churchill Downs (NASDAQ: CHDN). That’s the take of Truist Securities analyst Barry Jonas, who, in a new note...
Slot Machine Stocks Inexpensive, M&A Could Perk Up, Says Analyst
Following the Global Gaming Expo (G23), which took place last week in Las Vegas, some sell-side analysts came away more constructive on various gaming equities, including slot machine stocks. In a new report to clients, Stifel’s Jeffrey Stantial observed that shares of...
Oh, No, Ozempic: Weight-Loss Drugs Could Weigh on Casino Revenue
The soaring popularity of weight-loss drugs, including Novo Nordisk's Ozempic and Wegovy, is already having profound effects on some industries. Casino gaming could be among the groups that are vulnerable to broader usage of pharmaceuticals designed to help patients lose weight. In...
Disney Exec, Investor Cautioned Company on Sports Betting
The debut of ESPN Bet, expected in November, marks Walt Disney’s (NYSE: DIS) initial foray into the consumer-facing side of the sports wagering industry -- something a high-ranking executive and a major investor previously warned the company about. In a wide-ranging article...
