5136 stories by Todd Shriber
Playtika Pounded by Short Report, Expert Sees Things Differently
Shares of Playtika (NASDAQ:PLTK) plunged Thursday after a research firm issued a short report on the mobile gaming company. But at least one industry observer believes the analysis is inaccurate. Playtika slid 8.53 percent on volume that was triple the daily average....
Las Vegas Sands, Wynn Appear on Fortune World’s Most Admired Companies List
Las Vegas Sands (NYSE:LVS) and Wynn Resorts (NASDAQ:WYNN) are among 500 firms on Fortune's annual ranking of the “ World's Most Admired Companies.” For Sands, this appearance on the list is its sixth straight and ninth in the past decade. Overall, the...
Red Rock Margins Impress, LV Locals Market Strong, Says Analyst
Red Rock Resorts (NASDAQ:RRR) posted another set of impressive margin gains in the fourth quarter, prompting one analyst to say the stock could be undervalued if that trend continues. In the last three months of 2021, Red Rock earned $1.66 a share...
Penn National Plans $750M Buyback, Eyes Full Acquisition of Barstool Sports
Penn National Gaming (NASDAQ:PENN) is planning to repurchase up to $750 million worth of its badly ailing stock. It is also looking to acquire the 64 percent of Barstool Sports it doesn't own sometime in early 2023. The regional casino operator made...
Rush Street Interactive Mexico Move Expands Addressable Market, Says Analyst
On Monday, Rush Street Interactive (NYSE:RSI) said it's entering Mexico's gaming market through an agreement with media conglomerate Grupo Multimedios. A sell-side analyst believes the move could be a boon for the operator. In a note to clients, Roth Capital's Edward Engel...
BetMGM Launches Revamped Customer Rewards Program
BetMGM, one of the largest internet casino and online sportsbook operators in the US, is debuting its BetMGM Rewards program. The new customer loyalty program aims to bring casino-style perks and points plans to the world of digital gaming. It arrives a...
Matt Maddox Sells Significant Chunk of Wynn Stock
Matt Maddox, the now former chief executive officer of Wynn Resorts (NASDAQ:WYNN), sold a big slice of his equity stake in the integrated resort operator on Monday -- his last day on the job. He liquidated nearly 108,000 of his Wynn shares...
Penn National Gaming Price Target Pared, But Analyst Sees Fears Priced In
Penn National Gaming (NASDAQ:PENN) is trading higher today despite an analyst dramatically reducing his price target on the regional casino operator. In a note to clients, Credit Suisse analyst Benjamin Chaiken reiterates an “outperform” rating on Penn, while paring his price forecast...
Tom Brady Retirement Could Have Implications for DraftKings
Tampa Bay Buccaneers quarterback Tom Brady, likely the greatest player of all-time at football's marquee position, announced his retirement today. But there could be implications for DraftKings (NASDAQ:DKNG) in that news. In social media posts announcing his retirement, Brady said he's “excited...
Full House Selling $100M in Notes to Fund Temporary Illinois Casino
Full House Resorts (NASDAQ:FLL) said it's selling $100 million worth of senior secured notes to fund a temporary casino in Waukegan, Ill. The notes, which mature in 2028, are being sold in a private debt offering and represent an add-on to a...
