4979 stories by Todd Shriber
Mattress Mack Plunks Down $1.5M on Plucky TCU Horned Frogs
The TCU Horned Frogs have one box left to check in a magical 2022 season: beating the heavily favored Georgia Bulldogs in the College Football Playoff (CFP) title game. And if they accomplish that goal, Jim McIngvale’s sports betting legacy will surely...
FanDuel, Fanatics Could be Among 2023’s Hottest IPOs
Owing to weak market conditions, there was an initial public offering (IPO) slump in 2022, but expectations are in place for a 2023 rebound. If that scenario materializes, the gaming space could be a driver of the resurgence, potentially on the backs...
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,...
Circa Survivor Down to Three Entries as NFL Week 17 Looms
Week 17 of the 2022 NFL season is here and the famed Circa Survivor pool is down to a just three contestants. The $6.13 million winner-take-all contest started the year with 6,133 participants, and that tally was pared to 30 entering week...
MGM May Be Mulling Marriage with M Resort
The new year hasn’t officially arrived. But the 2023 Las Vegas rumor mill is already spinning, as speculation swirls that MGM Resorts International (NYSE:MGM) may be interested in acquiring the M Resort Spa Casino in Henderson, Nevada. Scott Roeben, also known as...
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...
