5082 stories by Todd Shriber
Full House Stock Hits Record as Fund Manager Reveals Holdings in Casino Name
Full House Resorts (NASDAQ:FLL) stock hit an all-time high earlier today, and is one of the day's best-performing gaming equities. That's after an investment company said it added shares of regional casino operator to a pair of its funds. In midday trading,...
Macau Back to Pre-Pandemic Highs in 2024, Diversity Further Out, Says Moody’s
Macau's gaming-dependent economy should be back to pre-coronavirus pandemic heights by 2024. But diversification efforts remain longer-ranging, according to Moody's Investors Service. In a new report, the research firm notes that while the special administrative region's (SAR) economy “has been the worst...
Litt’s Land & Buildings Adds Boyd Gaming, MGM Growth Properties to Portfolio
Land & Buildings Investment Management, LLC (L&B) was busy with casino equities in the first quarter, adding new positions in Boyd Gaming (NYSE:BYD) and MGM Growth Properties (NYSE:MGP). Jonathan Litt's firm is considered an activist investor with a knack for focusing on...
Amazon, MGM Studios Rumor Creates Confusion, Leads to Pop in MGM Resorts Stock
Amazon (NASDAQ:AMZN) is rumored to be in talks to acquire MGM -- the movie studio, not the gaming company. But confusion over nearly similar company names sent MGM Resorts International (NYSE:MGM) stock soaring late Monday. As the chart below indicates, bewildered traders...
Sony Wants to Patent PlayStation Esports Betting Platform Using Real Money, Bitcoin
Sony Interactive Entertainment recently published a patent that, if approved, could pave the way for PlayStation users to wager on esports and make their bets in bitcoin. The application, tilted “E-Sports Betting Platform,” was filed last week and doesn't directly mention PlayStation....
Galaxy Entertainment Withdraws from Yokohama Casino Competition
Yokohama's ambitions of being one of the first three Japanese cities to host an integrated resort suffered another blow Monday when Galaxy Entertainment Group said it's pulling out of the competition. That's more a commentary on the city than the country because...
Churchill Downs, DraftKings Could Win in Russell Rebalancing
Churchill Downs (NASDAQ:CHDN) and DraftKings (NASDAQ:DKNG) are among the stocks that could be affected by the annual rebalancing of FTSE Russell equity indexes. In a recent call with clients, Jefferies highlighted seven consumer discretionary names, including the pair of gaming equities, that...
NeoGames Stock Winning Ticket for iLottery Upside
NeoGames (NASDAQ:NGMS) stock soared Friday after the provider of internet lottery services reported first-quarter revenue that topped Wall Street forecasts while upping its full-year sales outlook. Yesterday, shares of the gaming firm surged almost 10 percent on above-average volume. That's after the...
Churchill Downs Stock Races Higher as Jefferies Calls It Top Gaming Story
Churchill Downs (NASDAQ:CHDN) stock is joining other gaming equities to the upside Friday. That's after Jefferies analyst David Katz upgraded shares of the racetrack operator less than two weeks after the Kentucky Derby. The analyst lifted his rating on the gaming company...
DraftKings Dreaming of Streaming Acquisition, Says Analyst
For now, DraftKings (NASDAQ:DKNG) is primarily viewed as an online sports betting company. But it's made its plans to be an omnichannel, vertically integrated enterprise clear, and that could eventually include a streaming entertainment acquisition, according to one analyst. In a recent...
