5082 stories by Todd Shriber
Las Vegas Sands, Wynn Lead Macau Stocks Lower as China Seeks More Control
Shares of Macau concessionaires are slumping Tuesday. That's after the special administrative region's (SAR) government said it's looking to exert more control over casino operations. In early trading, Las Vegas Sands (NYSE:LVS), the biggest Macau operator with five integrated resorts there, is...
Penn National Gaming Takes Six Percent Stake in PointsBet
Penn National Gaming (NASDAQ:PENN) continues spreading its wings beyond US borders. It's now the major shareholder in Australia's PointsBet (OTC:PBTHF). In a new regulatory filing, the Australian sportsbook operator reveals that Penn's Penn Interactive Ventures (PIV) unit owns 16.5 million shares or...
MGM Stock Upgrade as Analyst Sees Sports Betting Driving Upside
MGM Resorts International (NYSE:MGM) stock is up 34.21 percent year-to-date, making it one of the best-performing large-cap gaming equities. But one analyst forecasts much more upside for the casino operator, driven by sports wagering. In a note to clients today, Bernstein analyst...
Caesars Selling $1.2 Billion in Bonds to Retire Other Debt
Caesars Entertainment (NASDAQ:CZR) is selling $1.2 billion in senior notes to higher interest rate debt that's maturing sooner than the new offering. The casino operator said last Friday it priced $1.2 billion worth of corporate debt at 4.625 percent coming due in...
NFL Kickoff Significant Spark for Sports Betting Stocks, Says Macquarie
The 2021 NFL season got going Thursday when the Tampa Bay Buccaneers defeated the Dallas Cowboys. But the campaign starts in earnest today, and that could be a boon for sports betting stocks, according to some analysts. Football is the most wagered-on...
Genius Sports Stock Still Genius Idea Even with Recent Surge, Says Analyst
Clearly, there's something about football season and its impact on sports wagering equities. Genius Sports (NYSE:GENI) stock is flirting with a gain of eight percent this week and is higher by 21.6 percent over the past month. That torrid pace isn't preventing...
MGM CFO Jonathan Halkyard Details BetMGM Global Ambitions
MGM Resorts International (NYSE:MGM) CFO Jonathan Halkyard says the company is working on plans to make the BetMGM iGaming and sports wagering business a global brand. The executive made the remarks at the Bank of America Securities 2021 Gaming and Lodging Conference...
NBC Sports Seeing ‘Significant’ Ad Demand from Sportsbooks
With the first Sunday Night Football game of 2021 slated for tonight, NBC Sports says it's seeing strong demand for advertising slots from sportsbook operators. Earlier this year, the NFL approved Caesars Entertainment, DraftKings, and FanDuel as official sportsbook partners. More recently, the...
Sands Primary Markets Won’t Return to Pre-Pandemic Levels Until 2023-24, Says Fitch
Las Vegas Sands (NYSE:LVS) maintains an investment-grade credit rating from Fitch Ratings. But the research firm has a negative outlook on that grade, noting it will take time for the operator's marquee gaming markets to rebound. In a recent note, Fitch reiterates...
International Game Technology Forming Dedicated iGaming, Sports Betting Unit
International Game Technology (NYSE:IGT) is tapping into the booming internet casinos and sports wagering industries, announcing the creation of a dedicated digital and betting unit. The London-based company's iGaming and sports wagering enterprises were previously part of its global gaming segment. Enrico...
