5402 stories by Todd Shriber
Las Vegas Sands, Wynn Surge as Macau Ends China Travel Quarantine Policy
The broader universe of US-listed gaming equities is struggling Tuesday. But those with Macau exposure are standing out, after the special administrative region (SAR) halted its coronavirus quarantine policy applicable to travelers arriving from mainland China. During Asia's Tuesday trading session, Sands...
DraftKings Stock Earns Pre-Earnings Price Target Hike from Bank of America
DraftKings (NASDAQ:DKNG) is getting a lift Monday after Bank of America analyst Shaun Kelley said he expects the gaming company to top revenue estimates when it reports fourth-quarter and full-year results on Friday. Last August, the online sportsbook operator forecast 2020 pro...
Las Vegas Sands, MGM, Wynn Highlighted by Wells Fargo as COVID-19 Rebound Plays
Several well-known gaming companies are among the consumer discretionary names favored by Wells Fargo, as the bank upgrades the sector, citing an unusual consumer strength. In a note out today, the bank lifts the consumer cyclical sector to “overweight” from “neutral,” noting...
Penn National Gaming Lands New York Access in Deal with Rivers Casino
Penn National Gaming's (NASDAQ:PENN) Penn Interactive unit is gaining access to the crucial New York mobile sports betting and internet casino market via a “second skin” agreement with Rivers Casino & Resort. The deal hinges on the state approving mobile sports wagering,...
Tropicana Las Vegas Drawing Interest, But Prospective Buyers Lacking Cash, Says GLPI
Tire kicking on Tropicana Las Vegas continues, but owner Gaming and Leisure Properties (NASDAQ:GLPI) says many of the interested suitors don't have the cash to make an acceptable offer. GLPI owns the property assets of the venue, while Penn National Gaming (NASDAQ:PENN)...
Tropicana Las Vegas Drawing Interest, But Prospective Buyers Lacking Cash, Says GLPI
Caesars Drops Korea Casino Projects, Sells Stake to Former Partner R&F Properties Caesars Entertainment (NASDAQ:CZR) reportedly sold its stake in an integrated resort project in Incheon, South Korea to its now-former partner, Guangzhou R&F Properties Co. Ltd. An unidentified official from the...
DraftKings Could Get Canadian Boost, Says Analyst
DraftKings (NASDAQ:DKNG) is one of the US-based gaming companies that stands to benefit from the legalization of single-game sports wagering in Canada, according to one Wall Street analyst. Earlier this week, the House of Commons resoundingly passed Bill C-218. It's legislation that...
Canada Green Lights Single-Game Sports Betting In Win for theScore, Other Gaming Companies
In a highly anticipated move, Canada's parliament on Wednesday approved wagering on individual sporting events, paving the way for eventual introduction in provinces and territories. Bill C-218, legislation introduced last year by Member of Parliament Kevin Waugh (Saskatoon-Grasswood), was voted on and...
Unidentified Operator Advances in Yokohama Casino RFP Process
The Japanese city of Yokohama said Tuesday one company already met early qualification standards for an integrated resort bid. Japan's second-largest city started accepting pre-screening applications from interested parties on Feb. 5 for a process that will run through May 17. Yokohama...
Loeb, Litt Drop, Reduce Exposure to Caesars Stock
Some well-known money managers reduced or outright eliminated holdings in Caesars Entertainment (NASDAQ:CZR) in the final three months of 2020. Dan Loeb's Third Point hedge fund departed the gaming giant's shares in the fourth quarter, marking the end of a brief flirtation...
