5402 stories by Todd Shriber
MGM, Wynn Resorts Hunting for Big-Time Development Opportunities, Says Moody’s
MGM Resorts International (NYSE:MGM) and Wynn Resorts (NASDAQ:WYNN) will mull new, large-scale development opportunities around the world. That could result in the operators taking on significant debt, according to Moody's Investors Service. The research firm made the comments as part of fresh...
Fox Claims to Have Contract with Flutter for Fastball Price on FanDuel Investment
Things between Flutter Entertainment (OTC:PDYPY) and Fox Corp. (NASDAQ:FOXA) are getting testy. The former eyes a spin-off of the FanDuel business, and the latter seeks a position in the online sportsbook operator on favorable terms. A source familiar with the matter told...
Fox, Flutter Fracas as Broadcaster Sues Over Price of FanDuel Stake
Fox Corp. (NASDAQ:FOXA) is reportedly suing Flutter Entertainment (OTC:PDYPY) over the price the Irish gaming company wants the media company to pay to acquire an 18.6 percent stake in online sportsbook operator FanDuel. It's long been known that the broadcasting giant plans...
MGM Still Lone Wolf in Osaka Integrated Resort Bidding Process
Last month, the Osaka Prefecture government announced that April 6 is the deadline for companies to submit request-for-proposal (RFP) to potentially bid on an integrated resort in Japan's third-largest city. That deadline came and went with MGM Resorts International and partner Orix...
Golden Nugget Online Stock Soars as Analyst Sees Double Potential
Golden Nugget Online Gaming (NASDAQ:GNOG) stock is soaring Tuesday after a Wall Street analyst said the shares could double. In midday trading, the online casino operator is higher by 13.70 percent -- easily enough to make it one of the best-performing gaming...
Wynn Resorts Stock Catches Upgrade as Research Firm Sees Casino Recovery Taking Hold
Wynn Resorts (NASDAQ:WYNN) stock is primed to benefit as domestic travel rebounds and visitation trends in Macau perk up, according to Argus Research. In a note to clients today, analyst John Staszak lifts the Encore operator to “buy” from “hold,” while placing...
FanDuel, DraftKings Lead March Sports Betting App Downloads, Says Bank of America
Buoyed by the return of the NCAA Tournament and a normalized sports calendar, FanDuel and DraftKings (NASDAQ:DKNG) led downloads of sports wagering mobile apps last month in the iOS App Store. In March, sports bettors placed related apps on their iPhones at...
Caesars, MGM Upgraded by Morgan Stanley, Bank Says ‘Demand for Vegas Is There’
In another sign that Las Vegas is on the mend, Morgan Stanley today upgraded Caesars Entertainment (NASDAQ:CZR) and MGM Resorts International (NYSE:MGM), citing strength in the largest domestic gaming hub. The bank raised its ratings on the largest Strip operators to “overweight”...
Genius Sports Nabs NFL Data Deal, Sends SPAC Shares Soaring
Sports betting data provider Genius Sports has won a deal with the NFL rumored to be worth up to $1 billion. It's news that sent shares of the blank-check firm on an upside tear, while dealing a blow to rival Sportradar. Financial...
Gaming and Leisure Properties Lauded as Lower-Risk Casino Real Estate Play
Gaming and Leisure Properties (NASDAQ:GLPI) stock is higher by more than two percent Thursday following an endorsement from a sell-side analyst. Initiating coverage of the gaming real estate investment trust (REIT), Mizuho Securities USA analyst Haendel St. Juste rates GLPI stock a...
