4981 stories by Todd Shriber
MGM/Entain Merger Speculation to Continue Lingering, Says Analyst
It's been more than three months since MGM Resorts International (NYSE:MGM) attempted to acquire Entain Plc (OTC:GMVHY), its partner on the BetMGM business. At least one analyst believes speculation on this matter won't die down anytime soon. The British bookmaker rejected an...
Penn National Gaming Online Ebullience Priced Into Stock, Says Analyst
Penn National Gaming (NASDAQ:PENN) is one of the best-performing gaming equities over the past year. It's a status largely attributable to market participants' expectations for internet casinos and online sports betting. At least one analyst says those catalysts are priced into Penn...
Macau First-Quarter EBITDA Lumpy Disappointment, Say Analysts
Underscoring an uneven recovery in the world's largest gaming center, Morgan Stanley estimates first-quarter earnings before interest, taxation, depreciation and amortization (EBITDA) for Macau concessionaires slumped, while gross gaming revenue (GGR) increased. US investors will get a sense for how Macau's rebound...
Las Vegas-Related: Bernstein Says Convention Biz Won’t Hit Pre-Pandemic Levels Until 2023
Convention and meeting business is integral to Las Vegas's hopes of rebounding from the coronavirus pandemic. But some analysts believe that effort is going to take time. In a new research report titled “The Future of Work: What the Oscars Teaches Us...
Caesars Lands on Morgan Stanley High Conviction List
Caesars Entertainment (NASDAQ:CZR) made the cut on a short list of stocks highlighted by Morgan Stanley as offering stout near-term appreciation potential. In advance of first-quarter earnings season, the bank released a group of equities it believes will outperform over the next...
Golden Nugget Online Underappreciated Story, iGaming Could Top Sports Betting, Says Analyst
Golden Nugget Online Gaming (NASDAQ:GNOG) stock isn't getting the adulation it deserves, and the name could potentially deliver massive returns -- perhaps doubling or tripling, as market participants recognize growth offered by online casinos. Those are the sentiments of Jefferies analyst David...
DraftKings Stock Haircut Could Give Way to Buying Opportunity
DraftKings (NASDAQ:DKNG) stock is in a tailspin. It's down more than eight percent today, extending a 23 percent slide from its March highs. Some market observers believe that retrenchment is making shares of the sportsbook operator more attractive, and that the stock's...
Bally’s Expanding Content Offerings on Sinclair Sports Networks
Bally’s Corp. (NYSE:BALY) is broadening its partnership with Sinclair Broadcast Group to include new, original content. It's a move that could eventually include the gaming company working with the media outfit's Sinclair's Tennis Channel and Stadium units. The news arrives about six...
Scientific Games Ratings Outlook Lifted as Moody’s Sees Strong COVID-19 Rebound
Gaming equipment manufacturer Scientific Games (NASDAQ:SGMS) saw its credit rating outlook boosted to “stable” from “negative” by Moody's Investors Service. The research firm points to a strong post-coronavirus recovery for the slots maker. Las Vegas-based Scientific Games still carries a B3 credit...
Fox Takes Gloves Off, Could Yank FanDuel from Air in Flutter Legal Dispute
Fox Corp. (NASDAQ:FOXA) apparently isn't holding back in its legal spat with Flutter Entertainment (OTC:PDYPY). The media company is rumored to be threatening to pull the Irish gaming firm's FanDuel brand from its airwaves. The speculation is tied to a suit the...
