5136 stories by Todd Shriber
Caesars Still a Buy, Could Land $2B in Strip Asset Sale, Says Analyst
Caesars Entertainment (NASDAQ:CZR) stock is trading higher today after a sell-side analyst issued bullish comments on the name, despite a 21 percent slide this month. In a note to clients, Jefferies analyst David Katz reiterates a “buy” rating on the Harrah's operator....
Rush Street Interactive Enters Mexico Through Grupo Multimedios Deal
Rush Street Interactive (NYSE:RSI) is entering the Mexican online casinos and sports wagering market through a deal with media giant Grupo Multimedios. Financial terms of the agreement weren't disclosed. But RSI said it's a 25-year accord and that it will be working...
Regional Gaming Stocks Bottom Nearing, Says Analyst
Buoyed by government stimulus and pent-up demand, regional gaming stocks were industry leaders following the coronavirus market collapse in 2020 and into 2021. But as those catalysts waned, so did enthusiasm for the stocks. One analyst believes a bottom could be near....
Some Playtech Investors Support Aristocrat Takeover, JPMorgan Forecasts Deal Collapse
A pair of major Playtech (LSE:PTEC) investors are voicing support for Aristocrat Technologies' $2.8 billion takeover offer for the gaming software company. But JPMorgan analysts say the deal is heading for failure. Abrdn Plc and TIG Advisors LLC, which own a combined...
Bally’s Has Big Plans for Tropicana Las Vegas, Demolition Possible
Bally's (NYSE:BALY) is planning significant changes at Tropicana Las Vegas when it comes to its acquisition of that venue. The buyer could even knock the history-rich casino-resort down and start over. In an interview with the Las Vegas Review-Journal, Bally's Chairman Soo...
Genius Sports Forecasts 2022, 2023 Profitability, Significant Revenue Increases
Genius Sports (NYSE:GENI) is hosting its investor day today, and in advance of that event, the sports betting data provider offered up bullish profitability and revenue forecasts for this year and 2023. The company said it expects revenue of $340 million this...
Wynn Could Generate 20 Percent ROI on $2B UAE Project
On Tuesday, Wynn Resorts (NASDAQ:WYNN) surprised many in the gaming industry when it revealed plans for an integrated resort on Al-Marjan Island in the United Arab Emirates, a region not synonymous with casino gaming. But it could be a lucrative endeavor for...
DraftKings Soars Amid Hope Morgan Stanley Upgrade Marks Bottom
DraftKings (NASDAQ:DKNG) ranks as one of Wednesday's best-performing gaming equities. It rose on hopes that an upgrade from Morgan Stanley analyst Thomas Allen marks an end to a long-running slide for the online sportsbook operator. In a note to clients today, Allen...
Standard General Bally’s Bid Could Be Floor, Not Ceiling, Say Analysts
Bally's (NYSE:BALY) stock is trading higher Wednesday, following through on an epic Tuesday rally sparked by a $38 per share takeover offer from Standard General. Some analysts believe the bid could represent an effort to put a floor under the previously faltering...
Super Group, Sports Entertainment Acquisition Approve Merger
Blank-check firm Sports Entertainment Acquisition Corp. (NYSE:SEAH) said today its investors approved a merger with Super Group. That paves the way for the Betway parent to become a freestanding publicly traded company. The special purpose acquisition company (SPAC) is combining with SGHC...
