4979 stories by Todd Shriber
Gaming and Leisure Properties Paying Special Dividend
Gaming and Leisure Properties (NASDAQ:GLPI) said today it's paying a special dividend to investors -- the latest sign shareholder rewards are returning in the gaming industry. The gaming real estate investment trust (REIT) said after the close of US markets today it's...
IGT Stock is Underappreciated Story, Argues Stifel Analyst
International Game Technology (NYSE:IGT) is up 45.22 year-to-date. But even with that impressive showing, one analyst says the stock is underappreciated. In a note to clients today, Stifel analyst Jeffrey Stantial initiates coverage of the lottery services provider and slot machine manufacturer...
Caesars, Flutter Are Wells Fargo’s Top Sports Betting Equity Ideas, Tepid on DraftKings
Following a rough stretch for a variety of sports betting stocks, some banks are reassessing ratings and price targets on those names. At Wells Fargo, Caesars Entertainment (NASDAQ:CZR) and Flutter Entertainment (OTC:PDYPY) top the list of near-term ideas. In a note to...
Macau Stocks Could Experience Material Rebound in 2022, Says Morgan Stanley
Casino operators with significant Macau footprints are among 2021's worst-performing gaming equities, but a slew of disappointing showings this year could set the stage for 2022 rallies. In a note out earlier this week, Morgan Stanley analysts draw parallels between the current...
Boyd, Red Rock JPMorgan Top Gaming Picks for 2022
With value in the group hard to come by, gaming and lodging stocks could offer limited upside in 2022. But a pair of casino operators might be winners in the new year. In a note to clients today, JPMorgan analyst Joseph Greff...
Endeavor Group Gets Nod from Cathie Wood’s ARK Invest, Shares Rise
Shares of Endeavor Group Holdings, Inc. (NYSE:EDR), the parent company of the Ultimate Fighting Championship (UFC), have received an endorsement from a well-known investor. Cathie Wood's ARK Investment Management stepped into the stock yesterday. The New York-based exchange traded funds issuer bought...
Tekkorp Digital, Las Vegas SPAC, Could Merge with Caliente Interactive
Tekkorp Digital Acquisition (NASDAQ:TEKK), a Las Vegas-based special purpose acquisition company (SPAC), is reportedly in talks to merge with Caliente Interactive. The deal is rumored to be valued at $2.5 billion. The transaction, if executed, would serve as the avenue through which...
Caesars Stock ‘Undervalued’ After Recent Slide, Says Analyst
Gaming equities are slumping, and Caesars Entertainment (NASDAQ:CZR) isn't proving immune to that trend. Shares of the Harrah's operator are off 18.72 percent over the past month and are nearly 30 percent below the 52-week high, but some analysts aren't throwing in...
Mirage Sale Benefits Caesars, Wynn, Says Analyst
On Monday, MGM Resorts International (NYSE:MGM) announced the sale of the Mirage operating rights to Hard Rock International for $1.075 billion. There are potential benefits in that deal for rival gaming companies. That price tag was surprisingly high, and underscores the desirability...
Hard Rock Arrives On Las Vegas Strip in $1.07B Mirage Purchase
Hard Rock International is doling out $1.075 billion for the operating rights to the Mirage, making it the first tribal operator on the Las Vegas Strip. MGM Resorts International (NYSE:MGM) confirmed last month it was in the process of selling the gaming...
