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Todd Shriber
5830 stories by Todd Shriber
BetMGM Forecasts 2022 Net Revenue North of $1.3B, Expects Profitability in 2023
BetMGM is revealing bullish financial guidance, including a forecast calling for a more than 50 percent revenue increase this year. The expectation is that the online gaming company will be profitable on the basis of...
Sportradar Stock Pounded by Morgan Stanley Downgrade
Sportradar (NASDAQ:SRAD) is faltering mightily today after Morgan Stanley downgraded the sports betting data provider, citing ongoing weakness for many domestic gaming equities. In a note to clients, Morgan Stanley analyst Thomas Allen downgrades Sportradar...
PlayAGS Rallies on Q4 Earnings Preview, Debt Refinancing Plan
On a rough day for the broader market and amid mixed performance by casino stocks, PlayAGS (NYSE:AGS) is standing out. That's after the gaming supplier revealed a bullish preview of its fourth-quarter results and a...
NeoGames Offering $480 Million in Cash, Stock to Acquire Aspire Global
NeoGames (NASDAQ:NGMS), a provider of internet lottery services and technology, announced it's offering $480 million in cash and equity to acquire Aspire Global. The suitor is offering to purchase Aspire for 111 Swedish krona --...
Las Vegas Sands Earns ‘Conviction Buy’ Upgrade from Goldman Sachs
Citing easing regulatory risk in Macau, Goldman Sachs moves Las Vegas (NYSE:LVS) to the firm's conviction buy list. Analyst Simon Cheung added Las Vegas Sands to his firm's Americas Conviction List while adjusting his price...
Super Group, SPAC Set Date to Vote on Merger
Sports Entertainment Acquisition Corp. (NYSE:SEAH), the special purpose acquisition company (SPAC) merging with Betway and its parent, Super Group, set Jan. 26 as the date for investors to vote on the deal. It is one...
Wynn Resorts Tipped as Winner as Good News Finally Emerges in Macau
Shares of Macau concessionaires are the brightest spots in an otherwise dismal day across the gaming equity complex, and Wynn Resorts (NASDAQ:WYNN) is getting in on the act. In late trading, shares of the Wynn...
Century Casinos Selling Calgary Casino Property Assets for $6.5M
Century Casinos (NASDAQ:CNTY) is selling the property on which Century Casino Calgary is located for $6.5 million. The building is also included in the transaction with Rowanwood Financial Properties. Rowanwood Financial already paid $560,000 and...
Century Casinos is Catalyst-Rich Value Idea, Says Analyst
Century Casinos (NASDAQ:CNTY), a small-cap regional casino operator, is following other gaming equities lower in recent weeks. But those declines may be opening the door to a value proposition. That's the sentiment of Roth Capital...
Las Vegas Sands Is Cheap Quality Stock, Says Goldman Sachs
It's early in 2022, but it's already clear that there's division among analysts when it comes to casino stocks. Las Vegas Sands (NYSE:LVS) isn't immune to that trend. Still, the largest Macau operator has supporters...
