5138 stories by Todd Shriber
Macau Rebound Showing Signs of Life
Macau's long-awaited gaming recovery may finally be starting to take shape. That's while shares of concessionaires in the world's largest casino center still offer value for patient investors, according to one bank. In a recent note, J.P. Morgan analysts point out summer...
Gaming Stocks Heavily Out of Favor Among Consumer Names, Says Stifel
Gaming stocks are enduring punishment as US equity markets tumble Monday thanks to escalating investor fears regarding the impact of the Delta variant of the coronavirus. This is the latest sign that graming stocks are out of favor with market participants. A...
MGM, Japan Partner Orix Prepping $9.1 Billion Osaka IR Bid
MGM Resorts International and its local partner, Orix, will reportedly unveil a $9.1 billion proposal for an integrated resort project in Osaka on Tuesday. The Bellagio operator and the Japanese financial services conglomerate partnered on the endeavor more than two years ago,...
MGM Could Ready Another Bid for Entain as Six-Month Restriction Period Ends
July 19 is a potentially important date in the relationship between MGM Resorts International (NYSE:MGM) and Entain Plc (OTC:GMVHY). That's the first day the US casino behemoth can make another offer for its partner on the BetMGM venture. In January, the Las...
Penn National Stock Among Best Covered Call Ideas, Says Bank of America
Slumping Penn National Gaming (NASDAQ:PENN) stock is among 10 names Bank of America recommends as top near-term covered call ideas. Covered calls are an options strategy also known as call writing, or call selling, in which an investor sells call options on...
Tabcorp Keno, Lottery Unit Worth up to $9.2 Billion, Says J.P. Morgan
Tabcorp's keno and lottery units, which the Australian gaming company recently said will be spun off, could be worth between $6.97 billion and $9.19 billion, according to J.P. Morgan analysts. Even at the low end of that range, the keno and lottery...
Scientific Games Sports Betting Unit Draws Interest from Former F1 Manager Jordan
Irish businessman Eddie Jordan, formerly the owner of a Formula One (F1) team bearing his surname, is rumored to be readying a bid for the OpenBet sports betting unit. That division was recently put on the sale block by Scientific Games (NASDAQ:SGMS)....
Century Casinos Says Caruthersville Casino Can Come Ashore
Century Casinos said Friday efforts to bring ashore its namesake venue in Caruthersville, Mo., the last riverboat casino in the state, are paying off. The Colorado-based gaming company moves to alter Missouri law that previously mandated the casino be a “floating facility”...
Bragg Gaming Issues Upbeat Q2 Sales Guidance, Says Nasdaq Listing on Pace for Q3
Canadian gaming technology provider Bragg Gaming (OTC:BRGGF) said earlier this week its second-quarter revenue should surge 23.5 percent on a year-over-year basis. It could also list its shares on the Nasdaq Stock Market sometime in the current quarter. In March, the company...
Melco Stock Slumping, But Earns Praise as Pandemic Rebound Play
Amid a slow recovery in its marquee market of Macau, one stymied by a recent surge in coronavirus cases throughout Asia, Melco Resorts & Entertainment (NASDAQ:MLCO) is in a funk. While shares of the City of Dreams operator are off 6.63 percent...
