4980 stories by Todd Shriber
Wynn Macau Assets Could Be ‘Salable’, Says Analyst
Executive change at Wynn Resorts (NASDAQ:WYNN) and a dramatically altered Macau VIP landscape could eventually compel the operator to sell its assets in the special administrative region (SAR), speculates an analyst. In a note to clients earlier this week, CBRE analyst John...
Vietnam’s VNG Looking to Raise up to $300M, Eyes US Listing
VNG Corp., the fast-growing Vietnamese online gaming operator, is looking to raise up to $300 million and is considering listing on a US bourse. Reports recently surfaced that VNG, backed by Singapore's sovereign wealth fund GIC Pte., is looking to raise $200...
DraftKings, Penn Earn Cautious, But Optimistic Analyst Commentary
In recent weeks, DraftKings (NASDAQ:PENN) and Penn National Gaming (NASDAQ:PENN) are among the most repudiated sports betting equities. But at least one analyst is cautiously optimistic on the pair. CBRE analyst John DeCree is resuming coverage of a slew of gaming stocks,...
Caesars, MGM Selloffs Creating Buying Opportunities, Says Analyst
Shares of MGM Resorts International (NYSE:MGM) and Caesars Entertainment (NASDAQ:CZR), the two largest operators on the Las Vegas Strip, are each off nearly 11 percent over the past month. However, at least one analyst believes those pullbacks will prove to be buying...
DraftKings Lands NFL Non-Fungible Token Deal
DraftKings (NASDAQ:DKNG) is boosting its footprint in the booming non-fungible token (NFT) arena. The company announced today that it reached a deal with the NFL Players Association (NFLPA) to roll out “gamified” NFT collections. The agreement also includes OneTeam Partners, a firm...
Esports Technologies Rallies After Landing UK License
Shares of Esports Technologies (NASDAQ:EBET) are getting a lift after the company said it procured access to a UK gaming permit. COO Bart Barden calls the move a “massive strategic milestone.” The provider of esports wagering platforms and related technologies is higher...
Flutter Entertainment Stock Undervalued After Gaming Stocks Stumble
There's been an acute weakness in gaming equities in recent weeks, including those with significant sports wagering exposure. As a result, names such as Flutter Entertainment (OTC:PDYPY) are undervalued in the eyes of some market observers. In a note to clients today,...
Fanatics Could Be Suitor for TwinSpires, According to Analyst
Speculation surfaced last week that Churchill Downs (NASDAQ:CHDN) is shopping its TwinSpires Racing unit. At least one market observer sees a familiar name potentially making a bid. Roundhill Investments analyst Brian Lichtor says it's likely Fanatics will be mentioned as a possible...
Gaming and Leisure Properties, VICI Are Safe Ways to Own Gaming Space, Says Analyst
With support from surging internet casino operations, gaming real estate investment trusts (REITs) Gaming and Leisure Properties (NASDAQ:GLPI) and VICI Properties (NYSE:VICI) are “safe” avenues for investors considering the industry. That's the opinion of Macquarie analyst Jordan Bender. In a note to...
Accel Entertainment Stock Offers Holiday Treat Possibilities, Says Analyst
On a mixed day for gaming equities, Accel Entertainment (NYSE:ACEL) stock is trading higher after a Wall Street analyst upgraded the shares and lifted his price target. In a note to clients today, Macquarie analyst Jordan Bender upgrades the distributed gaming company...
