5449 stories by Todd Shriber
Las Vegas Sands Stock Finally Gets Some Love as JPMorgan Raises Ratings
Las Vegas Sands (NYSE:LVS) is in rally mode Tuesday, after drawing some support from a widely followed gaming analyst. In midday trading, the downtrodden casino name is higher by seven percent, on volume that already topped the daily average, after JPMorgan's Joseph...
Everi Boosting Game Content Portfolio in Atlas Gaming Deal
Gaming device manufacturer Everi Holdings (NYSE:EVRI) is ramping up its content library, announcing today it's purchasing certain assets from Australia-based Atlas Gaming. Atlas is a producer and provider of proprietary gaming content and products. Las Vegas-based Everi is acquiring select development technology...
Bank of America Likes Boyd, Churchill Downs, Sours on Red Rock, Sands
In a sweeping commentary on casino stocks today, Bank of America analyst Bank of America analyst Shaun Kelley recommends focusing on quality and value opportunities in the space. In a note to clients, Kelley highlights at least seven gaming names, speaking bullishly...
Caesars Primed to Be New York Sports Betting Leader, Says Analyst
Mobile sports wagering finally launched in New York on Saturday, and analysts are already identifying winners, with one singling out Caesars Entertainment (NASDAQ:CZR). After a long wait, mobile sports betting commenced in the fourth-largest state on Saturday, Jan. 8, and the debut...
Caesars, Wynn Among Stifel Top 2022 Gaming Equity Ideas
Amid the spread of the omicron variant of the coronavirus and a disappointing December jobs report, travel and leisure stocks slumped last week. That underscored the point that investors must be selective in the space this year. Along those lines, Stifel analyst...
International Game Technology to Develop WWE Lottery Games
It's a lottery royal rumble, as International Game Technology (NYSE:IGT) is teaming up with the WWE (NYSE:WWE) to launch wrestling-themed lottery games. The lottery operator and slot machine manufacturer said it signed a multi-year licensing agreement with the WWE to develop and...
Las Vegas Lands 2025 College Football Playoff Title Game
The College Football Playoff (CFP) national championship game is reportedly heading to Las Vegas in January 2025. An official announcement won't occur until CFP officials render a decision on whether or not to expand the current four-team field. But unidentified sources tell...
DraftKings, FanDuel Miss Out on The Athletic
DraftKings (NASDAQ:DKNG) and FanDuel are two of the most obvious rivals in the daily fantasy sports (DFS) and sports wagering industries. Both are missing out on a coveted media asset. The New York Times Co. (NYSE:NYT), owner of the eponymous newspaper, is...
MGM Stock Named ‘High Conviction’ Reopening Idea by Credit Suisse
MGM Resorts International (NYSE:MGM) stock is getting a boost today. That's after Credit Suisse named the largest operator on the Las Vegas strip one of its top four reopening trade ideas for 2022. In a note to clients today, analyst Benjamin Chaiken...
Golden Nugget Plans $5.55 Billion in Bond Sales
Golden Nugget, the land-based casino business controlled by billionaire businessman Tilman Fertitta, could sell $5.55 billion worth of corporate bonds to refinance previously issued debt at more favorable terms. The gaming operator will reportedly sell $1.85 billion worth of seven-year leveraged loans...
