5449 stories by Todd Shriber
Eldorado Effect: Caesars Rewards Membership Jumps 20 Percent Thanks to Merger
Eldorado Resorts' takeover of Caesars Entertainment is having tangible benefits in at least one area. The transaction, sealed in July, created a massive influx of new members to the Caesars Rewards loyalty program. In terms of membership total, the perks plan jumped...
Macau October GGR Trending Higher, But Motorcycle Grand Prix Probably Canceled
JPMorgan analysts estimate gross gaming revenue (GGR) in Macau averaged $27.8 million on a daily basis through the first 18 days of October. That's a far cry from pre-coronavirus pandemic levels, but still a marked improvement over September's tally. The Golden Week...
Barstool Sportsbook Quickly Grabs Pennsylvania Share, Analyst Sees Large National Footprint
In September, Pennsylvania notched a record sports betting handle of $462.8 million. This topped the previous high mark set just a month earlier by $100 million. The newest entrant to the state's online sports wagering fray, Barstool Sportsbook, quickly accumulated market share....
Caesars, Wynn Offer Perks, Including Sports Betting, for Investors, Say Analysts
Caesars Entertainment (NASDAQ:CZR) and Wynn Resorts (NASDAQ:WYNN) are among the gaming names offering investors stout upside potential. While sports betting is all the rage in the industry these days, analysts see more to the stories with the two operators. Caesars stock is...
Century Casinos Could Be Next Gaming Winner, Analysts Sees Double Potential
Regional gaming company Century Casinos is on a tear from its March lows, surging nearly 466 percent over that span. But at least one analyst believes the stock has much more upside ahead, particularly if a “transformative” acquisition comes to pass over...
BETSPERTS Lands Another Seven-Digit Funding Round, Eyes LinkedIn Status
BETSPERTS, a social media platform focusing on sports betting, said it recently closed its second round of seven-figure venture funding, bringing in several new investors in the process. The Chicago-based company didn't disclose how much it landed in the most recent seeding...
Playtika Inches Closer to US IPO Valuing Company at $10 Billion
Playtika Holding Corp., a provider of mobile games that was once controlled by Caesars Entertainment (NASDAQ:CZR), is moving closer to a US initial public offering (IPO). It filed related documents with the Securities and Exchange Commission (SEC) last week. The gaming company's...
Caesars, MGM Sports Betting Exposure Isn’t Fully Appreciated, Says Analyst
Caesars Entertainment (NASDAQ:CZR) and MGM Resorts International (NYSE:MGM) are increasing exposure to the rapidly growing domestic sports betting industry. But one analyst argues that the financial market doesn't yet fully appreciate the operators' growing footprints in this arena. Through its pursuit of...
Sportradar Earns Junk Credit Rating from Fitch, Outlook Stable
Sports data provider Sportradar landed a long-term issuer default rating of “B” with a “stable” outlook from Fitch Ratings after the privately held company sold $494.36 million in debt. That senior secured loan issue was graded “B+” by Fitch. Both marks are...
Wynn Resorts Equity Has $150 Potential, Says Money Manager
Wynn Resorts (NASDAQ:WYNN) stock more than doubled off its March lows. But it's still in a funk this year, shedding nearly 48 percent as the coronavirus pandemic punishes gaming equities. However, one fund manager sees big things ahead for the Encore operator....
