5456 stories by Todd Shriber
DraftKings Stock Could Deliver Major Post-Earnings Move
Sportsbook operator DraftKings (NASDAQ:DFS) steps into the earnings confessional on Friday, Nov. 13 to deliver third-quarter results. Some traders are banking on a big move by the stock. The direction of that reaction remains to be seen. In what will be the...
Sands Center, Venetian Buyers List Draws A Crowd, Including Fertitta, Galaxy Entertainment
It's been less than a month since Las Vegas Sands (NYSE:LVS) said it's in early discussions to potentially unload its Nevada assets for as much as $6 billion, and speculation is intensifying regarding potential buyers. Macquarie gaming and leisure analyst Chad Beynon...
Bally’s Is Back, But Rebranding Casinos Could Take Months, Says Company
The once iconic Bally's brand is officially back, after the company previously known as Twin River Worldwide Holdings (TRWH) said Monday the transition to Bally's Corp. is complete. The operator also switched its equity identifier on the New York Stock Exchange to...
Penn National CEO Snowden Says Company Capturing Younger Demographic, Sports Betting Taking Off
Penn National Gaming (NASDAQ:PENN) CEO Jay Snowden says visitation and length of play trends as the company reopened casinos over the past six months are showing signs of stability. That's while the operator is proving adept at luring younger patrons. Penn operates...
MGM China Insider Sean Ma Buys $16.5 Million Worth of Stock
Sean Ma's Snow Lake Capital Ltd., a Hong Kong-based asset manager, recently upped its stake in MGM China Holdings (OTC:MCHVF). In transactions on Sept. 17 and Oct. 30, the investment firm bought $16.5 million worth of shares in the MGM Macau operator,...
Full House Cup of Coffee Stock Price Has Double-Digit Potential, Says Analyst
With a market value of just $78.60 million, Full House Resorts (NASDAQ:FLL) is one of the smallest publicly traded gaming companies in the US. But that diminutive stature may belie exciting upside potential with the stock, according to one analyst. Even with...
Century Casinos Could Shop for Regional Gaming Assets in 2021
Century Casinos (NASDAQ:CNTY), a small gaming company with a history of successful bolt-on acquisitions, could be on the hunt for deals in 2021. It will be seeking prospects in what could be, as described by one company executive, a brisk environment for...
Caesars Q3 Revenue More Than Doubles, But Staggering Loss Reported
Caesars Entertainment (NASDAQ:CZR) investors may be hoping that the old maxim of “it takes money to make money” comes to pass. That's because the gaming operator said its third-quarter revenue more than doubled, while reporting a whopping per-share loss. The largest casino...
Wynn Q3 Macau Revenue Plunges, Boston, Vegas Pleasantly Surprise, More States Eyed for Sports Betting
Shares of Wynn Resorts (NASDAQ:WYNN) traded lower in Thursday's after-hours session. That's after the gaming company reported a wider-than-expected third-quarter loss on revenue that was lighter than Wall Street forecast. Dragged down by disappointing results in Macau, its most important market, the...
Twin River Pledging at Least $90 Million for Bally’s Atlantic City Enhancements
Twin River Worldwide Holdings (TRWH) executives told members of the New Jersey Casino Control Commission (CCC) this week they plan to spend at least $90 million over five years. The goal is to shore up the ailing Bally's on the Atlantic City...
