5215 stories by Todd Shriber
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 member firms for names with the combination...
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 it arrives an often ominous stretch for...
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 investors. Bank of America Securities, Citigroup, Goldman...
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 consider, including one that pertains to Penn...
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 shares were higher by 24% month-to-date. That...
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 survey by the American Hotel & Lodging...
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 in the first quarter, according to documents...
DraftKings Stock Sentiment Shifting, California Could Be Catalyst, Says Jefferies
Positivity is at a premium for DraftKings (NASDAQ:DKNG). But sentiment could be shifting for the better on the beleaguered gaming stock. That’s according to Jefferies analyst David Katz, who came away from recent meetings with DraftKings senior management somewhat upbeat on the...
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 the six Macau casino operators potentially swelling...
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 wagering market. Murdoch made the comments in...
