5449 stories by Todd Shriber
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...
Ruffin Didn’t Bid for Mirage Because He Wanted Real Estate, Too
Billionaire Phil Ruffin didn’t make a run at the Mirage when MGM Resorts International (NYSE:MGM) was shopping the casino-resort. That's because he wanted the land, not just the operating rights. The Treasure Island owner made those remarks in an interview with the...
Casino REITs Could Be ‘Attractive Partners’ for Six Flags Land, Says Investment Manager
Jonathan Litt’s Land & Buildings Investment Management, LLC (L&B) is pushing Six Flags Entertainment (NYSE: SIX) to monetize its property holdings. It notes that casino landlords are among the real estate investment trusts (REITs) that could be sensible buyers of the land....
Sportradar Gains Financial Flexibility Via Loan Prepayment
Sports betting data provider Sportradar (NASDAQ: SRAD) will enter 2023 with new-found financial flexibility after the company prepaid a nearly $446 million term loan. Not only does that early payment reduce leverage, it strengthens the Swiss company’s balance sheet while providing more...
Century Casinos, PlayAGS Among Deep-Value Gaming Equity Ideas for 2023
Amid a mostly brutal year for gaming equities, particularly those in the small-cap arena, there are plenty of deep-value ideas for investors to mull heading into 2023. In a new report to clients, Roth Capital analyst Edward Engel highlights Century Casinos (NASDAQ:...
ESPN Spin-Off From Disney Still Possible, Says Wells Fargo Analyst
With the return of Bob Iger to the helm of The Walt Disney Co. (NYSE: DIS), it’s possible the company reconsiders spinning off ESPN. That potentially paves the way for the sports broadcast behemoth to more freely explore sports betting opportunities. In...
Skillz Gets NYSE Delisting Notice as Stock Labors Below $1
Mobile games developer Skillz Inc. (NYSE:SKLZ) received a notice today from the New York Stock Exchange (NYSE). It warned the company that its floundering stock could be delisted from the bourse unless action is taken to boost the share price. The gaming...
Las Vegas Sands Again Earns Sustainability Index Inclusion
Las Vegas Sands (NYSE:LVS) announced today that its stock is again being included in the Dow Jones Sustainability Indexes (DJSI). To be precise, shares of the largest US casino operator by market capitalization will be included in the DJSI North America Index...
