3972 stories by Todd Shriber
New York City Council Green Lights Casino Zoning Changes
In a Thursday vote of 35 to 15, the New York City Council signed off on the “Gaming Facility Text Amendment,” which would allow for casino hotels to be constructed in select areas of the five boroughs. That amendment was proposed by...
Monarch Casino Shares Solid not Spectacular, Says Analyst
Shares of Monarch Casino & Resort (NASDAQ: MCRI) could be steady though significant upside could be hard to come by over the near-term. That’s the take of Stifel analyst Jeffrey Stantial following the regional casino operator’s first-quarter earnings report, which was delivered...
Sands Disappointed by New York Casino Process, Confirms Thailand Interest
Las Vegas Sands (NYSE: LVS) is dismayed about the length of time it’s taking New York regulators to open the bidding window for three downstate casino permits, but the operator is optimistic about the possibilities in Thailand. Executives from the largest gaming...
Thai Finance Ministry to Lead Review of Casino Study
Thailand’s Ministry of Finance will run point in mulling a House of Representatives study that could pave the way for regulated casinos in the Southeast Asian country. The Finance Ministry is one of 17 government agencies involved in assessing the feasibility of...
Las Vegas Sands Tops Q1 EPS Estimate, Beats on Top Line
Las Vegas Sands (NYSE: LVS) delivered first-quarter results after the close of US markets on Wednesday, surpassing analysts’ earnings per share (EPS) forecast while beating Wall Street’s revenue estimate. The Venetian Macau operator said it earned 75 cents per share in the...
Inspired Entertainment Could Be Inspired Rebound Story, Says Analyst
Hampered by a regulatory probe into its 2023 earnings restatements, Inspired Entertainment (NASDAQ: INSE) has seen its shares decline 21.7% over the past year, but at least one analyst sees opportunity with the supplier of video gaming terminals (VGT) and software. In...
Games Global Looking to Raise $100 Million in US IPO
Games Global, a developer of casino games for the iGaming industry, filed plans on Tuesday for a $100 million US initial public offering (IPO). The Isle of Man-based company commenced operations in 2021 and is expected to trade on the New York...
ESPN Bet an Albatross on Penn Entertainment Stock, Says Analyst
The ESPN Bet mobile sports wagering application, which went live last November, is likely to post a larger-than-expected first-quarter loss, thus acting as an overhang on shares of parent Penn Entertainment (NASDAQ: PENN). That’s the take of Deutsche Bank analyst Carlo Santarelli...
Flutter Selling $1.05B in Debt with BBB- Rating
Flutter Entertainment (NYSE: FLUT), the parent company of FanDuel, said Tueaday it's selling $1.05 in senior secured notes maturing in 2029. The proceeds of the debt sale, which includes dollar- and euro-denominated bonds, will be used to repay borrowings under a credit...
DraftKings Lands Buy Rating in New Coverage by Goldman Sachs
Shares of DraftKings (NASDAQ: DKNG) gained 2.74% on a mixed day for gaming stocks after Goldman Sachs issued a bullish call on the online sportsbook operator. In a note to clients on Tuesday, analyst Ben Miller tagged DraftKings with a “buy” rating...
