4981 stories by Todd Shriber
Gulf Coast Casinos Steady Amid Macro Headwinds, Says Analyst
The Gulf Coast casino market, which consists primarily of Louisiana and Mississippi venues, is holding up relatively against a challenging macroeconomic backdrop. That’s the take of Truist Securities analyst Barry Jonas, who recently visited casinos in the Louisiana markets of Baton Rouge,...
Black Hawk a Casino Market to Be Bullish On, Analyst Says
The population of Black Hawk, Colo. is just 128, less than half what it was in 1999. But the casino market in the town located about 35 miles west of Denver is flourishing. While it’s the smallest town in Colorado, Black Hawk...
Las Vegas Sands Credit Outlook Lifted to Stable by Moody’s
In what could be an indication a return to investment-grade territory is looming, the credit rating outlook of Las Vegas Sands (NYSE: LVS) was recently lifted to “stable” from “negative” by Moody’s Investors Service. The research firm maintained a “Baa3” rating on...
PlayAGS Stock Inexpensive Despite Attractive 2023 Outlook
PlayAGS (NYSE: AGS) stock entered Tuesday with a year-to-date gain of 43.14% -- good for one of the best performances in the gaming equipment space -- but some analysts believe the shares could generate more upside over the course of 2023. Following...
Station Casinos Unveils NFT Loyalty Program
Station Casinos recently announced that it's bringing non-fungible tokens (NFTs) to its Boarding Pass loyalty platform. The STN Charms program is officially live, and all Boarding Pass members are enrolled. STN Charms include some level of personalization, and there’s even potential for...
Churchill Downs, Sands Tipped as Lower Rate Winner By Goldman Sachs
The Federal Reserve could be nearing the end of its interest rate-hiking campaign, meaning it could be time for investors to consider stocks with growth profiles, including Churchill Downs (NASDAQ: CHDN) and Las Vegas Sands (NYSE: LVS). That's according to a new...
Endeavor Combining UFC, Wrestling in $9.3 Billion Bid for WWE
Endeavor Group Holdings, Inc. (NYSE: EDR), the parent company of the Ultimate Fighting Championship (UFC), announced Monday it offered $9.3 billion for World Wrestling Entertainment (NYSE: WWE) in a transaction that would create a combat sports and sports entertainment Goliath. The suitor,...
New NBA CBA Reportedly Allows Players to Invest in Sportsbook, Weed Companies
The NBA’s new collective bargaining agreement (CBA) reportedly paves the way for players to invest in and promote sports wagering companies and firms with ties to cannabis production. Shams Sharina, The Athletic’s NBA insider and a partner at FanDuel, broke the news...
Wynn New York Pitch Viable, Digital Unit Could Take Time to Deliver Upside
Through the first quarter, Wynn Resorts (NASDAQ: WYNN) stock is strutting its stuff. But upside by way of a New York casino and contributions from WynnBET are far-off prospects, according to one analyst. In a recent note to clients, Deutsche Bank analyst...
Not Little Caesars: Casino Stock Best in S&P 500 This Week
It was a good week for stocks as the S&P 500 gained 3.45%, but Caesars Entertainment (NASDAQ: CZR)far outpaced the broader market in the last week of March, surging 15.12%. That run was assisted by a 4.14% rally today, though it occurred...
