4982 stories by Todd Shriber
Wynn Resorts Earns Price Target Boost on Macau Rebound
Shares of Wynn Resorts (NASDAQ: WYNN traded modestly higher Monday after a sell-side analyst lifted his price target on the stock, citing a strong rebound in Macau gross gaming revenue (GGR). In a note to clients Monday, JP Morgan analyst Joseph Greff...
Playtika Could Be Target of Private Equity Firms
Shares of mobile games developer Playtika (NASDAQ: PLTK) jumped 1.97% Monday on volume that was nearly quadruple the daily average amid speculation that private equity companies could be eyeing the Israeli firm as a takeover target. Citing unidentified sources with knowledge of...
Barstool Sports to Open Second Chicago Office
Penn Entertainment’s Barstool Sports is opening another office in Chicago, its second location in the third-largest US city. The sports and pop culture media entity, cofounded by David Portnoy, leased new office space at 400 N. Noble St. near Fulton Market, according...
Flutter Chairman Rumor Could Confirm US Stock Listing
Flutter Entertainment (OTC: PDYPY) is close to hiring a new chairman, and that candidate’s background could signal the gaming company will forge ahead with plans to list its stock in the US. The FanDuel parent is reportedly in discussions with John Bryant...
Cal Neva, Former Haunt of Sinatra’s Rat Pack, Sold to Real Estate Developer
The history-rich Cal Neva Resort and Casino was sold to a Denver-based real estate developer for an undisclosed sum. The Lake Tahoe property, which derives its name from residing along the California-Nevada border, opened in 1926 and was renovated by Frank Sinatra...
Caesars Sees $25M F1 Cash Flow Boost, Might Drop Two Sports Betting Deals
Caesars Entertainment (NASDAQ: CZR) forecast a $25 million cash flow increase from the Las Vegas Grand Prix in November. The operator could drop two of its three marquee sports wagering sponsorship deals in a bid to cut costs. In a new note...
Strip Venue Likely to Hit Market this Year, Says Analyst – But Not Caesars
A Las Vegas Strip casino resort is likely to hit the auction block this year, and it won’t be one of the venues currently operated by Caesars Entertainment (NASDAQ: CZR). Nor will the Horseshoe operator look to add its already robust Strip...
VICI Properties Revered on Wall Street
VICI Properties (NYSE: VICI) is saddled with a modest year-to-date loss. But the dominant owner of casino real estate continues attracting a crowd on Wall Street. More than 83% of the analysts covering the Caesars Palace owner have the equivalent of a...
Macau Labor Shortage Could Dampen Gaming Recovery
To this point in 2023, the biggest story in the gaming industry is Macau’s resurgence -- one that could be slowed by a shallow labor pool. Following three years of temporary shutdowns and scant business, the special administrative region (SAR) reopened in...
Cathie Wood Dumps 294K DraftKings Shares
In one of its largest sales of the stock since building its stake in the gaming company more than three years ago, Cathie Wood’s ARK Investment Management sold more than 294K shares of DraftKings (NASDAQ: DKNG) on Tuesday. To be precise, the...
