5034 stories by Todd Shriber
Penn National Barstool Sports Unit Grabs Naming Rights to Arizona Bowl
The Arizona Bowl, a mid-tier college football bowl game, is climbing the ranks in terms of nifty sponsorship, as Barstool Sports has signed on to sponsor the New Year's Eve contest. Barstool Sports, a pop culture and sports media blog founded by...
Melco Resorts CEO Ho Reiterates Commitment to Yokohama Casino
On the company's second-quarter earnings conference call earlier today, Melco Resorts & Entertainment (NASDAQ:MLCO) reiterated its desire to bring an integrated resort to Japan. While Yokohama wasn't mentioned specifically by CEO Lawrence Ho, that is the city in which the operator is...
International Game Technology Amends Credit Facility, Saving $65 Million Annually
International Game Technology (NYSE:IGT) has amended its term loan facility. The move will save the gaming supplier $65 million a year. That move is part of an ongoing effort by the company to trim its debt burden, which stood at $7.07 billion...
Macau Casino Stocks Crimped by China Regulatory Crackdown
Shares of Macau concessionaires are slumping Tuesday, as Beijing continues clamping down on consumer and technology companies, prompting global investors to rapidly ditch Chinese stocks. In midday trading, Las Vegas Sands (NYSE:LVS) -- operator of five Macau integrated resorts -- and Wynn...
Penn National Stock Oversold Condition Could Portend Rebound
Penn National Gaming (NASDAQ:PENN) stock is mired in a lengthy slump. The once-sizzling casino operator has shed half its value since March. Now locked in a more than four-month slump, shares of the regional casino giant fit the bill as oversold. This...
Bally’s Stock Surges on Boosted Q2 Revenue Guidance, Gamesys Updates
Bally's (NYSE:BALY) stock is soaring Monday after the casino operator lifted its second-quarter revenue estimate ahead of Wall Street consensus. The Rhode Island-based company said it expects sales for the April through June period to come in at $258 million to $268...
Macau Unlikely to Consider Another Round of COVID-19 Casino Closures
While coronavirus case counts are ticking higher in mainland China, it's unlikely Macau authorities will revert to another casino shutdown. That's unless there's a major outbreak in the special administrative region (SAR). The world's largest casino center was the first major gaming...
DraftKings Among Secular Growth Stocks Highlighted by Morgan Stanley
Morgan Stanley strategists recently updated their semiannual lists of secular growth stocks, with online sports betting juggernaut DraftKings (NASDAQ:DKNG) making the cut. The bank divides the list into two groups: Companies residing in the media, technology, and telecommunications industries, and those that...
MGM Growth Properties Bargain Idea Among Travel Stocks
Casino landlord MGM Growth Properties (NYSE:MGP) is among the travel and leisure-related stocks that are currently inexpensive. That according to this week's Barron's cover article, which highlights six travel equities sporting attractive valuations. MGP, the owner of the property assets of the...
Boyd Gaming Among Mid-Cap Companies Seen Topping Q2 Earnings Estimates
Boyd Gaming (NYSE:BYD) reports second-quarter results next Tuesday, and the company could be among the mid- and small-cap firms that top estimates for the April through June period. Bank of America recently screened components of the S&P Small Cap 600 and S&P...
