5136 stories by Todd Shriber
Century, Golden Entertainment Among Best Regional Casino Cash Flow Stories, Says Analyst
In what’s been a trying start to 2022 for the broader gaming equities complex, some regional casino operators are standing out, and they have something in common: Ability to generate free cash flow (FCF). Operators with sturdy balance sheets and impressive FCF-generating...
Caesars Scottsdale Construction Commences, Early 2024 Opening Eyed
Real estate development and property management company HCW confirms that construction is underway for the Caesars Republic Scottsdale. Plans for the venue were announced more than three years ago under a prior leadership regime at Caesars. The 11-story hotel, which will feature...
Light & Wonder Earns ‘BB’ Credit Grade in Initial Fitch Rating
Light & Wonder (NASDAQ:SGMS), the company formerly known as Scientific Games, earned a “BB” credit mark in its first grade from Fitch Ratings, putting the slot machine manufacturer in non-investment grade territory. The company reported a debt of $8.8 billion as of...
Caesars Stock Could Jump as Las Vegas Occupancy Cap Fades Away
Down 18% year-to-date, Caesars Entertainment (NASDAQ:CZR) stock, like its gaming industry brethren, is slumping. However, an analyst is bullish on the casino giant on the basis that it appears the operator is moving toward eliminating occupancy restrictions at its Las Vegas Strip...
Las Vegas Sands Drops 2022 Florida Casino Ballot Effort
Las Vegas Sands is scrapping its effort to put a ballot question before Florida voters this year regarding a new casino-resort in the northern part of the state. That's fwollowing a months-long legal spat and heavy spending, The effort pitted Sands against...
DraftKings, FanDuel Off to Fast Starts in Arizona Sports Betting
Some familiar names are pacing the field in the rapidly growing regulated sports wagering market in Arizona. DraftKings (NASDAQ:DKNG) and FanDuel, which along with BetMGM, usually control the top three spots in the states in which they offer online sportsbooks, are leading...
William Hill Wants to Renew Palms Sportsbook Rights
Palms Casino Resort is slated to reopen later this month after a more than two-year absence from the Las Vegas gaming scene. A well-known name is angling to continue operating the sportsbook there. An agenda for the April 6 meeting of the...
Codere Online Latin America Exposure Positive Catalyst, Says Analyst
Shares of Codere Online (NASDAQ:CDRO) are trading slightly lower Friday. That comes a day after the sportsbook operator reported its first set of quarterly results as a freestanding public company. But at least one analyst remains constructive on the name. Stifel analyst...
MGM Credit Rating Lowered Further Into Junk Territory by Moody’s
Moody’s Investors Service has trimmed MGM Resorts International’s (NYSE:MGM) credit rating to “B1” from “Ba3,” moving the casino operator’s grade one notch further into non-investment grade territory. Among other issues, Moody’s cites ongoing weakness in Macau as one of the reasons for...
MVIS Debuts BlueStar Online Betting, Esports Index
MV Index Solutions (MVIS) -- a German provider of equity and fixed income gauges for use by exchange traded funds (ETFs) providers -- recently introduced a new benchmark addressing internet wagering and esports companies. The BlueStar Global Online Gambling, Video Gaming and...
