5215 stories by Todd Shriber
AM/FM Radio Better Bet for Sportsbook Advertisers, According to Study
With football season nearing, it's likely sports betting companies will be kicking up television advertising efforts and spending. But a recent study indicates gaming operators ought to focus on radio. Earlier this year, Cumulus Media/Westwood One commissioned a study by MARU/Matchbox focusing...
MGM Stocks Gets Lift from Goldman Sachs Upgrade
MGM Resorts International (NYSE:MGM) stock is getting some help today from a Goldman Sachs upgrade. The venerable Wall Street bank raised its rating on the Mandalay Bay operator to “neutral” from “sell,” while lifting its price target on the gaming company to...
Boyd Earnings Impress, Analyst Raises Target, Says Some Cost Cuts Permanent
Boyd Gaming (NYSE:BYD) stock is trading higher Wednesday. That's after the casino operator knocked the cover off the earnings ball, reporting second-quarter earnings per share (EPS) and revenue that handily beat Wall Street estimates. The Sam's Town operator earned $1 a share...
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...
