5254 stories by Todd Shriber
PointsBet Reportedly Exploring US Sale, Bally’s Could Bid
PointsBet (OTC: PBTHF) reportedly engaged investment bank Moelis & Co. to explore a sale of its North American operations. It's a sign the company wants to focus on its more profitable Australian business. Both PointsBet arms have been the subject of long-running...
Fertitta Balks at $6B Commanders Price Tag, Out of Contention for NFL Team
Golden Nugget boss Tilman Fertitta says he bid $5.6 billion for the NFL’s Washington Commanders, but he doesn’t believe $6 billion is the appropriate price point for the franchise. That likely means he’s out of the running to own the team. Reports...
Texas Region Could Benefit from Casinos
The Texas legislature is considering multiple bills pertaining to casino gaming and sports wagering. While it remains to be seen if any will pass, some economists are already speculating on the potential benefits and drawbacks of gaming expansion in the state. Under...
Las Vegas Sands Earns Bullish Call in New Coverage
With the Macau recovery proving stronger than many analysts and experts forecast, Las Vegas Sands (NYSE: LVS) ranks as one of 2023’s best-performing gaming equities. Its 17% gain is well ahead of major equity benchmarks. At least one analyst sees more upside...
MGM Osaka Casino Pitch Likely to Be Confirmed
In what could be a boon for MGM Resorts International’s (NYSE: MGM) global expansion efforts, Japanese policymakers appear poised to sign off on the development of a casino resort in Osaka. Various Japanese media outlets reported Prime Minister Fumio Kishida’s government could...
MGM, Sands, Wynn Shares Could Get New York Casino Boost, Says Analyst
The competition for three downstate casino licenses in New York is a long way from being decided. But one analyst is already forecasting potentially significant share price impacts for three contenders. In a note to clients on Tuesday, Bank of America’s Shaun...
Everi Buying Select Video King Assets for $59M
Everi Holdings (NYSE: EVRI) announced Tuesday it's acquiring certain assets of Video King for $59 million. It's a deal the buyer says will be immediately accretive to cash flow and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA). The transaction, which...
Wynn Resorts Earns Price Target Boost on Macau Rebound
Shares of Wynn Resorts (NASDAQ: WYNN traded modestly higher Monday after a sell-side analyst lifted his price target on the stock, citing a strong rebound in Macau gross gaming revenue (GGR). In a note to clients Monday, JP Morgan analyst Joseph Greff...
Playtika Could Be Target of Private Equity Firms
Shares of mobile games developer Playtika (NASDAQ: PLTK) jumped 1.97% Monday on volume that was nearly quadruple the daily average amid speculation that private equity companies could be eyeing the Israeli firm as a takeover target. Citing unidentified sources with knowledge of...
Barstool Sports to Open Second Chicago Office
Penn Entertainment’s Barstool Sports is opening another office in Chicago, its second location in the third-largest US city. The sports and pop culture media entity, cofounded by David Portnoy, leased new office space at 400 N. Noble St. near Fulton Market, according...
