5402 stories by Todd Shriber
Century Casinos Stock Rally Has More Catalysts, Says Analyst
Century Casinos (NASDAQ:CNTY) stock soared 22.12 percent this week after the regional gaming company easily surpassed second-quarter earnings and revenue estimates. That prompted at least one analyst to say there's more upside available with the already hot shares. The Colorado-based operator reported...
DraftKings Stock Pops Ahead of Earnings
DraftKings (NASDAQ:DKNG) is joining other gaming equities to the upside Thursday. That could be a sign market participants are expecting the company to deliver good news when it reports second-quarter results before the open of US markets tomorrow. In what will be...
Spruce Point Slams Genius Sports, Predicts Major Stock Downside
Spruce Point Capital Management, a money manager that specializes in short selling, has published a new report in which it skewers sports betting data provider Genius Sports (NYSE:GENI). It says the company could endure margin pressure and significant share price declines. On...
Gaming and Leisure Properties Stock Rallies as Rivals Combine
Gaming and Leisure Properties (NASDAQ:GLPI) stock is among Wednesday's best-performing real estate names. That's after an analyst upgraded the shares and as consolidation comes to its peer group. In a note to clients earlier today, UBS analyst Robyn Farley lifts her rating...
VICI Paying $17.2B for MGM Growth Properties, Creates Biggest Strip Casino Landlord
VICI Properties (NYSE:VICI) is buying rival MGM Growth Properties (NYSE:MGP) for $17.2 billion in stock. It's an acquisition creating the dominant owner of Las Vegas Strip casino real estate. Under the terms of the transaction, VICI assumes $5.7 billion in MGP debt...
IGT Boosts 2021 Outlook, Expects to Beat 2019 Metrics
On the back of impressive second-quarter results, International Game Technology (NYSE:IGT) raised its full-year outlook today. It noted it expects to top some 2019 metrics, but the stock is trading lower. The maker of the popular Wheel of Fortune slot machine said...
Macau Sets Prevention Policies After Four New COVID-19 Cases Emerge
Macau is deploying “immediate pandemic prevention” protocols after a local family of four tested positive for COVID-19. It's the special administrative region's (SAR) first documented transmissions of the virus in 500 days. Authorities in the world's largest casino center believe the original...
Shadow Creek Tops List of Casino Golf Courses, Two Other Nevada Tracks Make Cut
MGM Resorts International's famed Shadow Creek Golf Course tops Golfweek's list of top 50 courses owned or operated by gaming companies. Golfweek panelists rate courses on a variety of criteria on scales of one to 10. They also file an overall composite...
Skillz Takes $50 Million Stake in Exit Games
Mobile games developer Skillz Inc. (NYSE:SKLZ) is making a $50 million investment in Exit Games. It's a move aimed at bolstering the former's multiplayer gaming technology platform. Germany-based Exit Games provides developers with the tools they need to create and host real-time...
Caesars, Penn National Among S&P 500 with Strongest 12-Month Potential
Gaming equities are a mixed bag in terms of 2021 performance, and that murkiness is only being enhanced by the recent emergence of the delta variant of the coronavirus. Year-to-date, the pace of recovery in Macau -- the world's largest gaming center...
