5402 stories by Todd Shriber
MGM/Entain Merger Speculation to Continue Lingering, Says Analyst
It's been more than three months since MGM Resorts International (NYSE:MGM) attempted to acquire Entain Plc (OTC:GMVHY), its partner on the BetMGM business. At least one analyst believes speculation on this matter won't die down anytime soon. The British bookmaker rejected an...
Penn National Gaming Online Ebullience Priced Into Stock, Says Analyst
Penn National Gaming (NASDAQ:PENN) is one of the best-performing gaming equities over the past year. It's a status largely attributable to market participants' expectations for internet casinos and online sports betting. At least one analyst says those catalysts are priced into Penn...
Macau First-Quarter EBITDA Lumpy Disappointment, Say Analysts
Underscoring an uneven recovery in the world's largest gaming center, Morgan Stanley estimates first-quarter earnings before interest, taxation, depreciation and amortization (EBITDA) for Macau concessionaires slumped, while gross gaming revenue (GGR) increased. US investors will get a sense for how Macau's rebound...
Las Vegas-Related: Bernstein Says Convention Biz Won’t Hit Pre-Pandemic Levels Until 2023
Convention and meeting business is integral to Las Vegas's hopes of rebounding from the coronavirus pandemic. But some analysts believe that effort is going to take time. In a new research report titled “The Future of Work: What the Oscars Teaches Us...
DraftKings Stock Haircut Could Give Way to Buying Opportunity
DraftKings (NASDAQ:DKNG) stock is in a tailspin. It's down more than eight percent today, extending a 23 percent slide from its March highs. Some market observers believe that retrenchment is making shares of the sportsbook operator more attractive, and that the stock's...
Bally’s Expanding Content Offerings on Sinclair Sports Networks
Bally’s Corp. (NYSE:BALY) is broadening its partnership with Sinclair Broadcast Group to include new, original content. It's a move that could eventually include the gaming company working with the media outfit's Sinclair's Tennis Channel and Stadium units. The news arrives about six...
Scientific Games Ratings Outlook Lifted as Moody’s Sees Strong COVID-19 Rebound
Gaming equipment manufacturer Scientific Games (NASDAQ:SGMS) saw its credit rating outlook boosted to “stable” from “negative” by Moody's Investors Service. The research firm points to a strong post-coronavirus recovery for the slots maker. Las Vegas-based Scientific Games still carries a B3 credit...
MGM CEO Hornbuckle Says Las Vegas Is Back, Eyes Foothold in New York Sports Betting
MGM Resorts International (NYSE:MGM) CEO Bill Hornbuckle says the Las Vegas recovery trajectory is solid, and the gaming company is taking steps to rejuvenate vital convention business that suffered at the hands of the coronavirus pandemic. Earlier this week, the largest operator...
NFL Lands Genius Sports Stock Worth Almost $450 Million Tied to Data Agreement
The NFL is getting a plumb deal on Genius Sports stock related to the parties' recently announced six-year data agreement. The sports betting data provider is granting the most popular domestic sports league 22.5 million equity warrants at a penny apiece. Based...
Century Casinos Stock Soaring, But Still Cheap, Says Analyst
Century Casinos (NASDAQ:CNTY) stock is up a scintillating 78 percent year-to-date and 39.47 percent over the past month. But it's not expensive. That's the view of Union Gaming analyst John DeCree, who reiterates a “buy” rating and $15 price target on the...
