5402 stories by Todd Shriber
MGM Recovery Going to Take Time, ‘Cleaner’ Gaming Ideas Available, Says Analyst
MGM Resorts International (NYSE:MGM) is faltering Friday, trading lower by nearly five percent a day after the company reported a second-quarter operating loss of $1 billion. The loss highlights Wall Street's concerns regarding the recovery trajectory for Las Vegas. On a Thursday...
FanDuel Rejuvenates Spread Promo for Lakers/Clippers Game, Lake Show Now 21-Point Dogs
FanDuel Sportsbook is bringing back its “Spread the Love” promotion for tonight's Los Angeles Lakers/Los Angeles Clippers matchup, the second of two games marking the return of the NBA. The premise behind the incentive program is simple: for every 2,500 bets that...
DraftKings Stock Slides After Massachusetts Senate Rejects Sports Betting Plan
DraftKings (NASDAQ:DKNG) stock traded lower Thursday, extending a slide that's seen the name give up almost five percent over the past week. That's after the Massachusetts State Senate balked at the inclusion of a sports wagering proposal included in a broader economic...
Boyd Soars Following Surprising Financial Update, Analyst Sees ‘Three Team Parlay’ Propelling Stock
Boyd Gaming (NYSE:BYD) stock is higher by nine percent in midday trading. That's after the regional gaming company delivered second-quarter results late Tuesday that were significantly less bad than Wall Street expected. It prompted one analyst to wax bullish on the name...
Marina Bay Sands, Resorts World Could Get Bubble Benefit if Malaysia, Singapore Come to Terms
Malaysia and Singapore are discussing a travel bubble. Assuming it comes to fruition, that could be integral in the rebound hopes of the city-state's two integrated resorts, Marina Bay Sands (MBS) and Resorts World Sentosa. After being closed for more than three...
Boyd Boosted by Buoyant Results, Stock Soars
Shares of Boyd Gaming (NYSE:BYD) surged more than five percent in Tuesday's after-hours session, after the Orleans owner reported second-quarter results that easily topped Wall Street expectations. The Aliante operator said it lost 96 cents a share on revenue of $209.68 million...
Macau Mass Market Crucial to Gaming Hub Recovery Hopes
Macau's hopes to rejuvenate its ailing gaming industry lie more with mass market gamblers than high rollers. That could be a positive over the long-term, but presents challenges at a time when travel to the gaming center is still limited, according to...
Tropicana Las Vegas on Market, Gaming and Leisure Could Explore Leaseback, Outright Sale
Gaming and Leisure Properties (NASDAQ:GLPI) -- the owner of the property assets of the Tropicana Las Vegas -- is reportedly shopping the iconic Strip venue and is considering a sale-leaseback transaction or an outright sale. An article in the Las Vegas Review-Journal...
Caesars Slumps Following Merger, But Analyst Sees Long-Term Buying Opportunity
Shares of Caesars Entertainment (NASDAQ:CZR) are off about 25 percent since the acquisition creating the gaming Goliath was finalized earlier this month. But one analyst views the weakness as an opportunity for long-term investors to get involved with the name. In a...
MGM Resorts Cancels August Entertainment Events, Related Staff to Be ‘Separated’ From Company
With coronavirus cases flaring up across the country, MGM Resorts International said it will not restart live entertainment events prior to Aug. 31. The news was originally reported earlier today by the Vital Vegas blog, which obtained a copy of a letter...
