5402 stories by Todd Shriber
Oakland A’s Trim Las Vegas Search to Two Venues, Public Funding Not Off Table
Major League Baseball’s (MLB) Oakland Athletics are honing in on two Las Vegas sites as a key vote on the team’s future in the Bay Area looms next month. It’s possible public financing for a move to the largest US casino hub...
NBA Ontario’s Most Wagered-On Sport, Third of Residents Bet Weekly, Survey Says
Single-game sports wagering has been live in Canada’s largest province for just short of two months. But some clear trends are already emerging, including the point that more than a third of Ontarians are betting at least once a week. That’s among...
Wynn CEO Craig Billings, Other Execs Reduce 2022 Salaries for Stock
Wynn Resorts (NASDAQ:WYNN) CEO Craig Billings is among the high-ranking executives at the gaming company taking reductions in 2022 cash salary in exchange for shares of the casino operator. A batch of Form 4 filings with the Securities and Exchange Commission (SEC)...
Inspired Entertainment Interesting iLottery Idea
With a market capitalization of just $275.25 million, it stands to reason that Inspired Entertainment (NASDAQ:INSE) is overlooked in the gaming equity conversation. One analyst argues that shouldn’t be the case. In a note to clients, B. Riley analyst David Bain reiterates...
Bally’s Stock Sentiment Close to Bottom, Says Analyst
Bally’s (NYSE:BALY) is among the many repudiated gaming equities. A 12-month decline of 53.49% confirms as much. But at least one analyst says sentiment on the downtrodden name is nearing a bottom. In a note to clients, Stifel’s Jeffrey Stantial reiterates a...
BetMGM Expands Gift Card Distribution to Grocery, Hardware Stores
BetMGM and its gift card partner TAPPP are unveiling a massive expansion of that progam's gift card distribution network. On Tuesday, the companies said the number of retail stores carrying BetMGM gift cards will “roughly double” in the current quarter to more...
Baron Real Estate Fund Adds Sands, Bullish On Other Casino Stocks
The Baron Real Estate Income Fund, one of the best-performing actively managed real estate funds, added shares of Las Vegas Sands (NYSE:LVS) in the first quarter. It remains constructive on several other casino stocks in its portfolio. In the first three months...
Penn National Analyst Says Share Price Indicates ‘De Minimis Value’ for Digital Gaming
The 61.35% loss incurred by Penn National Gaming (NASDAQ:PENN) stock over the past year places it at a price where the shares reflect “de minimis value” for online gaming operations, according to a sell-side analyst. That’s the sentiment of Jefferies analyst David...
Melvin Capital Reveals Stake in MGM Resorts
Gabe Plotkin’s Melvin Capital Management -- one of the hedge funds burned by the early 2021 rally in shares of GameStop (NYSE:GME) -- is trying a different type of gaming equity. The firm’s 13F filing with the Securities and Exchange Commission (SEC)...
Land & Buildings Dumps Caesars, VICI Stakes
Jonathan Litt’s Land & Buildings Investment Management, LLC (L&B) eliminated its gaming equity exposure in the first quarter, dumping stakes in Caesars Entertainment (NASDAQ:CZR) and VICI Properties (NYSE:VICI). The investment firm’s first-quarter 13F filing with the Securities and Exchange Commission (SEC) indicates...
