5402 stories by Todd Shriber
Jane Lynch Takes Lead In Harrah’s Southern California ‘Funner’ Ad Campaign
“Funner, California” -- the town that serves as the backdrop in Harrah’s Resort Southern California advertising campaigns -- has a new mayor. The tribal gaming venue announced Monday that actor Jane Lynch is the new mayor Funner. Lynch, also an acclaimed author...
NFL Owner David Tepper’s Hedge Fund Scoops Up Shares of Sands, Wynn Resorts
David Tepper's Appaloosa Management made two additions to its equity portfolio in the first quarter, and both hail from the gaming industry. The hedge fund founded by the owner of the NFL’s Carolina Panthers initiated stakes in Las Vegas Sands (NYSE:LVS) and...
Chris Brown Returning to Drai’s Las Vegas for New Residency
Chris Brown is returning to Las Vegas for a residency at Drai’s on the Strip -- a venue at which he performed during the LIVE concert series in 2015. The Grammy-winning artist’s return to the famed nightclub is described as a “multi-year”...
PlayAGS Stock Valuation Disconnected from Strong Fundamentals, Says Analyst
Gaming supplier PlayAGS (NYSE:AGS) is joining related equities to the downside this year. But at least one analyst says retrenchment in the stock belies sturdy fundamentals. Following a meeting with management, Stifel analyst Jeffrey Stantial reiterates a “buy” rating on PlayAGS with...
DraftKings Stock Has Double Potential, Says Jefferies Analyst
After shedding more than half its value just this year, DraftKings (NASDAQ:DKNG) is clearly among this year’s worst-performing gaming equities. But that dramatic decline is also encouraging some bullish commentary on the shares. The stock is higher in early trading Monday, as...
Hard Rock CEO Allen Sees Inflation Crimping Casino Demand
The April reading of the Consumer Price Index (CPI) was 8.3%, representing a meager decline from the 8.5% increase in March, but enough to keep consumer prices at the highest levels since 1982. At least one casino executive says signs are mounting...
Melco, Sands Lead Macau Rally on Reports of Shanghai Lockdown Loosening
The Chinese Communist Party (CCP) may be seeing the error of its ways when it comes to its zero COVID-19 policy, and that’s to the liking of Macau gaming equities. Amid a strong day for risk assets, gaming stocks soared Friday on...
Caesars Low-Quality Stock with Bear Market Rally Potential
Shares of Caesars Entertainment (NASDAQ:CZR) are off 46.72% year-to-date, and the company is one of the most debt-riddled in the gaming industry. So it fits the bill as a low-quality stock in the eyes of some market observers. That dubious status could...
BetMGM Forecasts 2022 Revenue of $1.3B, Sees US Market Share up to 25%
BetMGM held its Investor Day today, telling analysts it generated about $850 million in revenue last year while forecasting significant top line growth to $1.3 billion in 2022. The 50/50 joint venture between MGM Resorts International (NYSE:MGM) and Entain Plc (OTC:GMVHY) says...
Playtika Mum on Potential Sale, Analysts Pare Price Targets
Shares of Playtika (NASDAQ:PLTK) are surging today despite the company reporting downbeat first-quarter results and not providing an update on a potential sale. In midday trading, the mobile gaming company is higher by 6.15%, stemming a 31% slide over the past week....
