5359 stories by Todd Shriber
Everi Scores Win in Sightline Payments Patents Case
Everi Holdings' (NYSE: EVRI) Everi Payments unit announced Tuesday that it scored a significant legal victory in a long-running patents case against Sightline Payments Patents. Las Vegas-based Everi said it won five inter-part review proceedings held before the US Patent and Trademark...
DraftKings Stock Draws JPMorgan Upgrade
Following a slump that dates back to July, DraftKings (NASDAQ: DKNG) stock rallied on Tuesday with the help of bullish commentary from JPMorgan. In a note to clients today, analyst Joseph Greff upgraded the online sportsbook operator to “overweight” from “neutral” while...
Entain Shares Plunge on Tepid iGaming Revenue Forecast
Entain Plc (OTC: GMVHY) is among Monday’s worst-performing gaming equities after the Ladbrokes owner issued a disappointing 2023 net gaming revenue (NGR) forecast, citing softness in online gaming. The company, which owns half of BetMGM, also told investors that regulatory headwinds persisted...
26 Capital to Liquidate Following Failed Okada Manila Merger
Jason Ader’s 26 Capital (NASDAQ: ADER) will liquidate after the special purpose acquisition company (SPAC) lost a recent court case related to efforts to merge with Okada Manila. The blank check company announced plans to liquidate a trust account on Sept. 21....
Gaming and Leisure Properties Bonds Steady, Says Research Firm
As tenant diversification increases, corporate debt issued by Gaming and Leisure Properties (NASDAQ: GLPI) could be attractive to some fixed-income investors, though upside could be limited. That’s the take of Gimme Credit analyst Kim Noland, who, in a new report to clients,...
Macau Casino Stocks Worth Revisiting After Declines, Says Analyst
Macau casino stocks have been sliding since early August thanks to fears regarding China’s slumping economy and a recent short closure of gaming venues owing to a typhoon. But at least one analyst believes stocks have reached the point that the group...
Las Vegas Grand Prix Faces Massive Cost Overruns
Inflation bites and Formula One Group (NASDAQ: FWONA) is finding that out the hard way in Las Vegas. Scheduled for November 18, the company has reportedly spent more than $400 million to make the Las Vegas Grand Prix happen. That means costs...
Las Vegas Casino Could See Boost as Business Travel Rebounds
Global business travel isn’t all the way back to pre-coronavirus levels. But it could get there as soon as next year, potentially providing a catalyst for Las Vegas casino hotel operators, particularly those with convention space on the Strip. In a recent...
MGM Has $200M Cyber Insurance Policy, Stock Can Recover, Says Analyst
MGM Resorts International (NYSE: MGM) announced Wednesday that operations at its U.S. casino hotels are back to normal. That's following a ransomware attack that commenced on September 10, and at least one sell-side analyst says the company’s financial exposure to the event...
Caesars, MGM Hacks Spur Uptick in Cybersecurity Interest by Casino Operators
After seeing two of their rivals, Caesars Entertainment and MGM Resorts International, victimized in ransomware attacks, more casino operators are looking to shore up their cybersecurity platforms. Those events, one of which compelled Caesars to pay the bad actors and the ongoing...
