5034 stories by Todd Shriber
Las Vegas Sands Stock Beaten Up, But Inexpensive
Down 35.25 percent year-to-date, Las Vegas Sands (NYSE:LVS) is one of 2021's most downtrodden gaming stocks. But some market observers believe it's a name that can't be ignored. Amid coronavirus travel restrictions and regulatory concerns in Macau -- the operator's largest market...
Flutter Could Use FanDuel Cash for More Deals, Fox Still in Way
Fresh off the $2.2 billion purchase of Italy's Sisal announced last week, Flutter Entertainment (OTC:PDYPY) could be on the prowl for more acquisitions. Capital is needed for deals, and an effective avenue for generating that cash is via the much-ballyhooed spin-off, which...
Wynn Resorts CEO Matt Maddox Sells Some Stock Ahead of Departure
Soon-to-be-former Wynn Resorts (NASDAQ:WYNN) CEO Matt Maddox is trimming his equity stake in the casino operator ahead of his departure. On Wednesday, Maddox sold 20,000 shares of Wynn stock at a price of $90.08, hauling in $1.8 million in proceeds, according to...
Rush Street Interactive Opening Retail Sportsbook Near NFL Hall of Fame
Rush Street Interactive (NYSE:RSI) continues expanding its retail sportsbook footprint. The company announced this week that it's partnering with Hall of Fame Resort & Entertainment Company (NASDAQ:HOFV) to bring a sportsbook to the Hall of Fame Village near the Pro Football Hall...
Scientific Games Soars After Dropping SciPlay Takeover
Shares of Scientific Games (NASDAQ:SGMS) are soaring Thursday after the company said it's abandoning its effort to acquire social casino developer SciPlay Corp. (NASDAQ:SCPL). In July, Scientific Games offered an 11 percent premium to acquire the 19 percent of SciPlay it doesn't...
Macau Casino Stocks Rally as Report Indicates Six Licenses to Be Renewed
Las Vegas Sands (NYSE:LVS) and Wynn Resorts (NASDAQ:WYNN) are among Macau casino stocks rallying today. That's after a report from the Gaming Inspection, and Coordination Bureau (DICJ) indicates the upcoming license renewal process in the world's largest gaming hub will result in...
Casino REITs Seen as Winning Real Estate Plays for Investors
Casino real estate investment trusts (REITs) represent just a sliver of the expansive real estate sector. But some investors are bullish on gaming landlords. Today, the universe of gaming REITs is comprised of just three companies -- Gaming and Leisure Properties (NASDAQ:GLPI),...
Wynn Resorts Finance Unit Downgraded on Macau Weakness
Wynn Resorts' (NASDAQ:WYNN) Wynn Finance arm was downgraded by Moody's Investors Service, with the research firm citing ongoing weakness in Macau. The rating agency takes the credit grade on the gaming company's finance unit to B1 from Ba3, and the probability of...
Penn National Sharp Sharpe Ratio Idea, Says Goldman Sachs
Penn National Gaming (NASDAQ:PENN) is one of this year's worst-performing gaming equities, as highlighted by a decline of nearly 46 percent. But Goldman Sachs believes the regional casino operator has rebound potential. The bank recently revealed its list of high Sharpe ratio...
Las Vegas Sands Makes Newsweek List of Most Responsible US Companies
Las Vegas Sands (NYSE:LVS) is making the grade as one of the most responsible American companies, based on environmental, social and governance (ESG) metrics, according to Newsweek's annual rankings. Each year, the publication evaluates the 2,000 largest US-based companies as measured by...
