5034 stories by Todd Shriber
Wynn Resorts Leverage Tipped to Remain Elevated, Says Moody’s
Leverage at Wynn Resorts’ (NASDAQ: WYNN) financing unit is poised to remain elevated over the next 12 to 18 months, as the casino operator looks to get back on track in Macau. In a recent report, Moody’s Investors Service forecasts leverage of...
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...
Las Vegas Sands Pulled From Fitch Ratings Watch as Macau Renewal Risk Ends
Las Vegas Sands (NYSE:LVS) still sports a junk credit grade of “BB+” from Fitch Ratings. But the research firm pulled the casino operator from its rating watch negative list following recent renewal of the operator’s Macau gaming license. The ratings agency still...
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...
Maverick Gaming Boosts Washington Card Room Exposure in Evergreen Gaming Buy
Maverick Gaming has cemented its status as the dominant card room operator in Washington State by paying $80.47 million in cash for rival Evergreen Gaming. Evergreen operated four card rooms in the state: Chips Casino in Lakewood, Goldies Casino in Shoreline, Palace...
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...
