4982 stories by Todd Shriber
Las Vegas Sands Trounces Q1 Estimates on Macau Recovery
Shares of Las Vegas Sands (NYSE: LVS) surged in Wednesday’s after-hours session. That's after the casino operator posted first-quarter results that topped Wall Street forecasts due in part to the ongoing recovery in Macau. The Venetian Macau operator posted earnings per share...
VICI Properties Willing to Consider More Las Vegas Strip Acquisitions
VICI Properties (NYSE: VICI) is already the largest landlord on the Las Vegas Strip, owning the real estate of some of the most prestigious casinos in the world. That doesn’t mean it won’t consider adding to that already expansive portfolio. Following a...
BetMGM Posts Strong Q1 Showing, On Track for Profitability Later in 2023
BetMGM started 2023 in strong form. That put the internet casino and online sportsbook operator on pace to meet its previously stated goal of turning profitable in the back half of this year. In its first-quarter financial update, Entain Plc (OTC: GMVHY),...
Golden Nugget Pulling Plug on Nevada Sports Betting App, Could DraftKings Be Replacement?
Golden Nugget is shutting down its Nevada mobile sports wagering application on April 26. The casino operator notified patrons about the decision in a Monday email blast. Customers without pending wagers can withdraw funds via the app, or by visiting the Golden...
Boyd Gaming Revenue Could Pop on Regional Casino Strength
Boyd Gaming (NYSE: BYD) stock is on a tear this year, soaring 20.92%. But there could be upside to that performance due to strength in regional casinos. In a note to clients Monday, JPMorgan analyst Joseph Greff reiterated an “overweight” rating on...
DraftKings Could Be EBITDA-Positive This Year, Profitable in 2024, Says Analyst
DraftKings (NASDAQ: DKNG) could be on pace to accomplish some long-awaited financial objectives this year, potentially stoking more upside in the already hot stock. In a note to clients today, Jefferies analyst David Katz pointed out that DraftKings could generate positive earnings...
Penn Entertainment Downgraded, Analyst Cites Valuation
Shares of Penn Entertainment (NASDAQ: PENN) traded lower Monday after an analyst downgraded the stock, noting it’s fairly valued at current levels. In a note to clients on Monday, JMP Securities analyst Jordan Bender downgraded shares of the regional casino operator to...
Osaka Casino Could Wrest Profitability Crown from Singapore Rivals
Marina Bay Sands and Resorts World Sentosa, the only integrated resorts in Singapore, are two of the most profitable casino resorts in the world. But that status could be threatened by the emergence of a rival venue in Osaka. Last week, Japan...
Genting Not Rethinking Decision to Scrap Japan Plans
Japan signed off on Osaka as the country’s first casino resort. But that’s not enough to prompt Genting Singapore to revisit its scuttled plans to bid for a gaming license in the country. Amid news that the Osaka scheme is moving forward...
Osaka Seen as Long-Term Growth Catalyst for MGM
After several years of waiting, the Japanese government finally made it official on Friday: Osaka will be home to the country’s first casino resort. The venue, slated to open in 2029 and carries an estimated price tag of $8.1 billion, will be...
