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Todd Shriber
5726 stories by Todd Shriber
Casino Stocks Inexpensive as Gaming Revenue Shows Resiliency, Says Analyst
Casino stocks are trading at heavily discounted valuations, and gross gaming revenue (GGR) is proving surprisingly sturdy against a challenging macroeconomic backdrop. That’s the sentiment of Roth Capital analyst Edward Engel, who in a note...
Penn National Earnings Improving Despite Tumbling Share Price
Simply because a stock’s price is sliding doesn’t mean the company can’t generate increasing earnings per share (EPS). Penn National Gaming (NASDAQ:PENN) is a prime example of that scenario. Credit Suisse recently screened S&P 500...
Gaming Stocks Are Often Losing Bets in June
If history holds true to form, the last thing already struggling gaming stocks want is the arrival of June. But that’s inevitable. Wednesday marks the start of the sixth month of the year, and with...
Cosmopolitan Mortgage Bond Terms Boosted by Issuing Banks
A consortium of banks shopping a commercial mortgage-backed security (CMBS) issued by the owners of The Cosmopolitan Las Vegas are attempting to make the terms of the $3 billion in debt more attractive to lure...
Penn National Stock Has Penchant for Memorial Day Week Slumps
The Memorial Day trading week for US equity markets commences on Tuesday, May 31, as exchanges are closed Monday in observance of the holiday. With the shortened trading week beckoning, there are some trends to...
Kambi Takeover Talk Heating Up, Fanatics, Sands Could Be Interested
Takeover chatter regarding Kambi Group Plc (OTC:KMBIF) is intensifying. That's after shares of the sports betting technology provider soared Wednesday, and one research firm has some interesting ideas pertaining to potential suitors. Entering today, Kambi...
Casinos Could Be Crimped By High Gas Prices, Bigger Concern for Travelers Than COVID-19
Memorial Day Weekend is here, marking the start of the summer travel season. But soaring gas prices will factor into consumers’ plans, potentially weighing on the casino industry in the process. In fact, a new...
Mets Owner Steve Cohen’s Hedge Fund Loads Up on VICI Stock
Gaming real estate investment trust (REIT) VICI Properties (NYSE:VICI) has a fan in New York Mets owner Steve Cohen. Cohen’s hedge fund -- Point72 Asset Management -- bought 633,800 shares of the Caesars Palace owner...
Macau Casino Operators’ Debt Burdens Rising, But All Likely to Survive
Shares of Macau concessionaires remain bad news/good news propositions, and Morgan Stanley’s updated forecast on the group’s debt burden confirms as much. The bad news is that the investment bank sees the combined debt of...
Fox CEO Lachlan Murdoch Sees FanDuel Litigation Ending Soon
Fox Corp. (NASDAQ:FOXA) CEO Lachlan Murdoch expects the company’s legal spat with Flutter Entertainment (OTC:PDYPY) will be settled in the coming months, potentially boosting the media giant’s ability to capitalize on the growing US sports...
