5359 stories by Todd Shriber
Las Vegas Sands Seen Benefiting from China Easing COVID Restrictions
Few US companies are on par with Las Vegas Sands (NYSE: LVS) to reap rewards from China relaxing its zero-COVID policy, and Wall Street recognizes as much. In a report to clients on Tuesday, Wells Fargo analyst Daniel Politzer maintained an “overweight”...
VICI Properties Slotted as Top REIT Pick by Jefferies
VICI Properties (NYSE: VICI), the largest casino landlord, earned some sell-side praise to kick off 2023. In a note to clients on Tuesday, Jefferies analyst Jonathan Peterson anointed the real estate investment trust (REIT) a top pick for 2023, while placing a...
Wynn Resorts Starts 2023 Strong as Wells Fargo Upgrades Stock
Wynn Resorts (NASDAQ: WYNN) stock started 2023 on a strong note with the help of an upgrade from Wells Fargo analyst Daniel Politzer. In a note to clients, the analyst upgraded the Encore operator to “overweight” from “equal weight” while boosting his...
Ohio, Profitability Among Investors’ 2023 Concerns Regarding Sports Betting Stocks
Today’s long-awaited launch of mobile sports wagering in Ohio and operators’ trek to profitability are among the marquee issues investors will be eyeing in 2023 when it comes to sports betting stocks. Ohio’s entry into the US sports betting fray is well-timed,...
Cathie Wood’s ARK Invest Adds $1.5 Million in DraftKings Stock
Cathie Wood’s ARK Investment Management remains bullish on DraftKings (NASDAQ:DKNG) stock, having added nearly 137,000 shares of the tumbling equity on Dec. 29. That purchase was valued at approximately $1.5 million based on the gaming equity’s Dec. 29 trading range. All of...
Gaming Stocks Among Culprits in 2022 Consumer Discretionary Weakness
Broadly speaking, 2022 was a rough year for gaming stocks, and much of that was attributable to those equities’ residence in the consumer discretionary sector. Entering Wednesday, the consumer cyclical sector accounted for 23% of the $8.2 trillion in market value shed...
DraftKings Could Be 2023 Small Stock Winner
Entering Thursday, DraftKings (NASDAQ: DKNG) stock was saddled with a 2022 loss of 59.77%, which dragged its market capitalization down to $4.99 billion. That’s at the lower end of mid-cap territory and a far cry from its previous market value high of...
Harrah’s New Orleans Enhancements to Accelerate in Early 2023
Caesars Entertainment commenced a $325 million renovation of Harrah’s New Orleans in January 2021, and the operator said that effort will accelerate next month. Some of the more visible alterations to the lone casino-hotel in the Crescent City that will be seen...
Elys Game Technology Says Markets Aren’t Giving Stock Adequate Appreciation
Elys Game Technology (NASDAQ: ELYS), a gaming technology provider, entered Wednesday’s trading session with a market capitalization of just $7.61 million and a year-to-date loss of 87.79%. But the company says those statistics indicate financial markets don’t fully appreciate the underlying investment...
Macau GGR Could Perk Up as Soon as Early 2023
After nearly three years of dashed hopes and disappointments, Macau gross gaming revenue (GGR) could finally swing higher in 2023. That recovery could start almost as soon as the calendar changes to January. In a new note to clients, UBS analyst Angus...
