5402 stories by Todd Shriber
MGM Stock Upgrade as Analyst Sees Sports Betting Driving Upside
MGM Resorts International (NYSE:MGM) stock is up 34.21 percent year-to-date, making it one of the best-performing large-cap gaming equities. But one analyst forecasts much more upside for the casino operator, driven by sports wagering. In a note to clients today, Bernstein analyst...
Caesars Selling $1.2 Billion in Bonds to Retire Other Debt
Caesars Entertainment (NASDAQ:CZR) is selling $1.2 billion in senior notes to higher interest rate debt that's maturing sooner than the new offering. The casino operator said last Friday it priced $1.2 billion worth of corporate debt at 4.625 percent coming due in...
NFL Kickoff Significant Spark for Sports Betting Stocks, Says Macquarie
The 2021 NFL season got going Thursday when the Tampa Bay Buccaneers defeated the Dallas Cowboys. But the campaign starts in earnest today, and that could be a boon for sports betting stocks, according to some analysts. Football is the most wagered-on...
MGM CFO Jonathan Halkyard Details BetMGM Global Ambitions
MGM Resorts International (NYSE:MGM) CFO Jonathan Halkyard says the company is working on plans to make the BetMGM iGaming and sports wagering business a global brand. The executive made the remarks at the Bank of America Securities 2021 Gaming and Lodging Conference...
Sands Primary Markets Won’t Return to Pre-Pandemic Levels Until 2023-24, Says Fitch
Las Vegas Sands (NYSE:LVS) maintains an investment-grade credit rating from Fitch Ratings. But the research firm has a negative outlook on that grade, noting it will take time for the operator's marquee gaming markets to rebound. In a recent note, Fitch reiterates...
International Game Technology Forming Dedicated iGaming, Sports Betting Unit
International Game Technology (NYSE:IGT) is tapping into the booming internet casinos and sports wagering industries, announcing the creation of a dedicated digital and betting unit. The London-based company's iGaming and sports wagering enterprises were previously part of its global gaming segment. Enrico...
VICI Properties Selling Stock to Fund Venetian Purchase, Reduce Debt
VICI Properties (NYSE:VICI) stock is sliding in early trading Thursday after the gaming real estate investment trust (REIT) said it's selling up to 115 million shares to raise capital. The owner of Caesars Palace revealed the offer late Wednesday, sparking a sell-off...
Apollo Mulling Run at Scientific Games Lottery Business
Private equity firm Apollo Global Management (NYSE:APO) is reportedly considering making an offer for Scientific Games' (NASDAQ:SGMS) lottery business. The rumor surfaces as Apollo was bested in its quest to acquire William Hill's international businesses, assets 888 Holdings is purchasing from Caesars...
Entain Draws Analyst Praise, Seen as Top 2021 UK Takeover Target
Entain Plc (OTC:GMVHY), the owner of the Coral and Ladbrokes betting shops, is earning positive reviews from some sell-side analysts and continues to be viewed as a prime takeover target. In a note to clients today, Jefferies analyst James Wheatcroft reiterates a...
BetMGM Getting Into Gift Card Game, Available in Select States
BetMGM announced today that it's making gift cards available in select states where the gaming operator is live and legal. The iGaming and online sportsbook company is partnering with New York-based payments provider TAPPP to offer gift cards. The news arrives just...
