5359 stories by Todd Shriber
Everi Buying Select Video King Assets for $59M
Everi Holdings (NYSE: EVRI) announced Tuesday it's acquiring certain assets of Video King for $59 million. It's a deal the buyer says will be immediately accretive to cash flow and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA). The transaction, which...
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...
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...
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...
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...
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...
