5402 stories by Todd Shriber
Caesars Stock Offering More Reward, Less Risk, Says Analyst
Following a bullish preview of its fourth-quarter financials and plans to reshuffle debt obligations, Caesars Entertainment (NASDAQ: CZR) is gaining favor among Wall Street analysts. That group includes Stifel’s Steven Wieczynski, who, in a new report to clients, reiterates a “buy” rating...
Las Vegas Grand Prix Could Double 2024 Super Bowl Economic Impact
Formula 1’s return to Las Vegas will be a major job creator and add more than $1 billion to the local economy, likely doubling the impact of the 2024 Super Bowl. The Las Vegas Grand Prix, scheduled for November 18, could generate...
DraftKings Poised for 2023 Beats, But Caution Warranted
DraftKings (NASDAQ:DKNG) stock is tracking other gaming equities in the early stages of 2023. But some on the sell side, while acknowledging a catalyst-rich story, are neutral on the online sportsbook operator. In a note to clients late Monday, Stifel analyst Jeffrey...
Vornado Could Eye Madison Square Garden Area for New York Casino
Vornado Realty Trust (NYSE:VNO) could be the latest big name to enter the New York City casino competition and may be evaluating a site near Madison Square Garden and Penn Station for a gaming venue. The New York Post reported earlier today...
Fanatics Reportedly in Discussions to Buy BetParx
Fanatics is reportedly in talks to acquire BetParx in an effort to speed its ascent in the US sports wagering space. A letter of intent between the two sides may have been signed. Citing unidentified sources with knowledge of the matter, CNBC...
MGM Could Revisit Entain Takeover Following UK Whitepaper Release
The highly anticipated release of the UK government’s Gambling Act whitepaper could set the stage for MGM Resorts International (NYSE: MGM) to revisit a takeover of Entain Plc (OTC: GMVHY). Shares of the Ladbrokes owner rallied in London and gained almost 4%...
Las Vegas Sands Could Deliver Q4 Earnings Surprise
Fourth-quarter earnings season is ramping up and Las Vegas Sands (NYSE: LVS), the largest casino operator by market capitalization, steps into the earnings confessional on Wednesday, January 25. Some analysts believe the Venetian Macau operator could deliver a positive surprise on its...
Playtika Lifts Takeover Offer for Angry Birds Producer Rovio
Mobile gaming company Playtika (NASDAQ: PLTK) said Thursday it's increasing its acquisition offer for Rovio Entertainment Corporation to $9.78 a share. The new all-cash bid represents a 55% premium to Rovio’s January 18 closing price in Helsinki. Finland-based Rovio is the company...
Bally’s To Slash Up To 15 Percent of Interactive Staff in Bid for Profitability
Bally’s Corp. (NYSE:BALY) announced it will reduce headcount at its digital gaming unit by up to 15%, as the operator aims for profitability in the North American market. The Rhode Island-based casino operator made the announcement late Wednesday in a Form 8-K...
Wynn Macau Poised to Nab Market Share from Rivals
Wynn Macau could gain market share in the Chinese territory in the coming years. That's as premium mass players return to the tables and as operators vie for what is now a splintered VIP demographic, owing to the demise of the junket...
