5449 stories by Todd Shriber
Tipico Rumored to Be Bidding for William Hill International Assets
Rumors suggest European sportsbook operator Tipico can be added to the roster of companies bidding for William Hill's non-US assets. The German sports wagering company joins a crowded though still-fluid field of contenders vying for the venerable William Hill brand, the operator's...
Red Rock Resorts Among Top Local Casino Stock Picks Following Strong Q2 Earnings
Red Rock Resorts, Inc. (NASDAQ:RRR) traded lower Thursday following an impressive second-quarter earnings report released late Wednesday. But analyst remain broadly enthusiastic on the parent company of Station Casinos. Red Rock joins the list of operators with heavy Las Vegas locals (LVL)...
PointsBet Raises $294 Million to Fund US Expansion
PointsBet (OTC:PBTHF) said today it's raising $294.17 million in capital to fund expansion in the rapidly growing US market. The Australian sportsbook operator is selling equity through a placement of new shares and a rights issue. Goldman Sachs and MST Financial are...
AM/FM Radio Better Bet for Sportsbook Advertisers, According to Study
With football season nearing, it's likely sports betting companies will be kicking up television advertising efforts and spending. But a recent study indicates gaming operators ought to focus on radio. Earlier this year, Cumulus Media/Westwood One commissioned a study by MARU/Matchbox focusing...
MGM Stocks Gets Lift from Goldman Sachs Upgrade
MGM Resorts International (NYSE:MGM) stock is getting some help today from a Goldman Sachs upgrade. The venerable Wall Street bank raised its rating on the Mandalay Bay operator to “neutral” from “sell,” while lifting its price target on the gaming company to...
Boyd Earnings Impress, Analyst Raises Target, Says Some Cost Cuts Permanent
Boyd Gaming (NYSE:BYD) stock is trading higher Wednesday. That's after the casino operator knocked the cover off the earnings ball, reporting second-quarter earnings per share (EPS) and revenue that handily beat Wall Street estimates. The Sam's Town operator earned $1 a share...
Penn National Barstool Sports Unit Grabs Naming Rights to Arizona Bowl
The Arizona Bowl, a mid-tier college football bowl game, is climbing the ranks in terms of nifty sponsorship, as Barstool Sports has signed on to sponsor the New Year's Eve contest. Barstool Sports, a pop culture and sports media blog founded by...
Melco Resorts CEO Ho Reiterates Commitment to Yokohama Casino
On the company's second-quarter earnings conference call earlier today, Melco Resorts & Entertainment (NASDAQ:MLCO) reiterated its desire to bring an integrated resort to Japan. While Yokohama wasn't mentioned specifically by CEO Lawrence Ho, that is the city in which the operator is...
Macau Casino Stocks Crimped by China Regulatory Crackdown
Shares of Macau concessionaires are slumping Tuesday, as Beijing continues clamping down on consumer and technology companies, prompting global investors to rapidly ditch Chinese stocks. In midday trading, Las Vegas Sands (NYSE:LVS) -- operator of five Macau integrated resorts -- and Wynn...
Penn National Stock Oversold Condition Could Portend Rebound
Penn National Gaming (NASDAQ:PENN) stock is mired in a lengthy slump. The once-sizzling casino operator has shed half its value since March. Now locked in a more than four-month slump, shares of the regional casino giant fit the bill as oversold. This...
