5402 stories by Todd Shriber
Golden Entertainment Gushes Cash Flow
Last week, Golden Entertainment (NASDAQ:GDEN) reported consensus-beating fourth-quarter revenue. But some analysts believe the real story for the Strat operator is a burgeoning free cash flow (FCF) story that could prompt elevated shareholder rewards. On its current free cash flow trajectory, it's...
Golden Entertainment Offers Cash Flow, Capital Return Potential, According to Analyst
Quietly one of this year's best-performing gaming equities, Golden Entertainment (NASDAQ:GDEN) is soaring again today. That's after a sell-side analyst issued a bullish report on the Strat owner. In late trading, shares of Golden are higher by four percent on above-average volume....
S&P Cuts Las Vegas Sands Credit Rating to Junk on Lethargic Macau Recovery
Standard & Poor's (S&P) stripped Las Vegas Sands (NYSE:LVS) of its investment-grade credit rating, citing a slow recovery in Macau this year. The ratings agency lowered its grades on LVS and the operator's Sands China unit to “BB+,”or one notch into junk...
Wynn Selling Encore Boston Harbor Property Assets to Realty Income for $1.7B
Wynn Resorts (NASDAQ:WYNN) is selling the real estate assets of Encore Boston Harbor to Realty Income (NYSE:O) for $1.7 billion -- the equivalent of a 5.9 percent cap rate. In the latest sale-leaseback deal in the gaming industry, the gaming company will...
DC Lottery Betting App Picks Worst Time to Fail: During Super Bowl
Already ensconced in controversy, Washington, DC Lottery's GambetDC -- the lottery-sponsored sports wagering mobile app -- picked the worst possible time to fail iPhone users: During Sunday's Super Bowl. Bettors using iPhones and iPads weren't able to place wagers on the GambetDC...
Paysafe Gains Louisiana, Oregon Market Access
Shares of Paysafe Ltd. (NYSE:PSFE) are rallying Monday. That's after the provider of digital payments services said it's now processing payments for sportsbook operators in Louisiana and Oregon. That new market access for the fintech company comes about because of prior relationships...
DraftKings, Rush Street Interactive Price Targets Slashed by Oppenheimer
A day after the Super Bowl, gaming equities are mixed and some sports betting stocks are dithering following the conclusion of football season. That includes DraftKings (NASDAQ:DKNG) and Rush Street Interactive (NYSE:RSI), which are trading lower to start the week after a...
Kambi Could Be Takeover Target After Ditching Poison Pill
Takeover speculation is swirling around Kambi Group Plc (OTC:KMBIF). That's after the sports betting platform provider ditched a poison pill provision hindering its ability to be acquired. Kambi said last week it satisfied the terms of a $8.5 million convertible bond agreement...
BetMGM Debuts Sports Wagering in Puerto Rico Ahead of Super Bowl
Just in the nick of time for Super Bowl LVI, BetMGM is launching sports wagering in Puerto Rico -- the operator's initial foray outside the continental US. BetMGM is now available at Casino del Mar at La Concha Resort in San Juan....
DraftKings Stock Wild Ahead of Super Bowl
DraftKings (NASDAQ:DKNG) stock is experiencing a turbulent day ahead of Super Bowl LVI and ahead of the company's fourth-quarter earnings report on Feb. 18. Earlier today, the downtrodden stock traded higher by as much as 7.6 percent, providing hope that it might...
