5494 stories by Todd Shriber
Full House Stock Can Double, EBITDA Triple, Says Analyst
Full House Resorts (NASDAQ:FLL) stock is up more than 5% in early trading Tuesday after an analyst said the regional casino operator is a catalyst-rich story with double potential. In a note to clients today, B. Riley analyst David Bain initiates coverage...
Penn National’s theScore Off to Fast Start in Ontario
Regulated mobile sports wagering debuted in Ontario, Canada, on April 4. Channel checks indicate theScore Bet is off to an impressive start by at least one metric. In a note to clients today, Morgan Stanley analyst Thomas Allen points out that on...
Everi, Golden Entertainment Among Gaming Equity Free Cash Flow Leaders
With interest rates rising and inflation soaring, companies’ ability to generate free cash flow (FCF) is all the more important. The gaming industry is home to several that are answering that call. In a note to clients today, Roth Capital analyst Edward...
Light & Wonder Slashes Debt to $4 Billion from $8.8 Billion
Light & Wonder (NASDAQ:SGMS) is firming its balance sheet in a big way, announcing that its debt burden is now $4 billion, down from $8.8 billion. Through a series of transactions, including the sale of its SG Lottery unit, the company formerly...
DiamondJacks Bossier City Could Be for Sale
DiamondJacks Casino in Bossier City, La., appears to be on course to be sold as a regulatory deadline to reopen the venue nears. The Louisiana Gaming Control Board (LGCB) recently extended to owner Peninsula Pacific Entertainment (P2E) 60 days to reopen the...
Las Vegas Place To Be for Casino Stock Investors
This year has brought struggles to gaming equities this year. But investors shouldn't leave Las Vegas, according to Macquarie analyst Chad Beynon and team. In a report out Thursday, the analysts point out searches for Las Vegas travel are soaring, and that could...
Thailand Casino Study Will Be Submitted in May
A committee studying the feasibility of bringing an integrated resort to Thailand is scheduled to submit its findings to the country’s House of Representatives next month. The so-called extraordinary committee studying the matter is made up of 60 members -- 15 cabinet...
New York Casinos to Have Varying Credit Effects on Operators, Says Fitch
New York’s 2023 budget features a process to award three downstate casino licenses. The potential for added competition from the largest US city is expected to have a mixed impact on the credit profiles of established operators in the Northeast, according to...
Stars Casino Moving to New California Location
Stars Casino, a card room located in Tracy, Calif., is moving to another location in that city, paving the way to add more jobs and gaming space. In February, the city approved a conditional use permit for Stars to move to a...
Caesars Evaluating Casino Gaming in Dubai
Speculation is increasing the United Arab Emirates (UAE) is warming to the idea of allowing casino gaming. That could prompt Caesars Entertainment to evaluate related opportunities in Dubai, where it currently operates a non-gaming hotel. Anthony Costa, regional president at Caesars Palace,...
