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Todd Shriber
5838 stories by Todd Shriber
Bally’s Buyable on Pullback as Plenty of Catalysts Remain, Says Analyst
Bally's Corp. (NYSE:BALY) stock is joining other gaming names in what is now a protracted slump, as the casino operator shed 4.73 percent last week and is off 18.50 percent over the past month. Some...
Regional Casino Stocks Seen Extending Gains Following Sloppy Q1
Shares of regional casino operators can rally following a challenging first quarter, according to Bank of America analysts. While year-to-date returns for operators such as Boyd Gaming (NYSE:BYD), Caesars Entertainment (NASDAQ:CZR), Churchill Downs (NASDAQ:CHDN), Penn...
GAN Searching for ‘Bolt-On’ Acquisitions as US iGaming, Sports Betting Take Off
Gaming technology provider GAN Ltd. (NASDAQ:GAN) is looking for smaller acquisitions as it aims to hit $100 million in 2021 revenue. The UK-based company, which went public last May, is looking to bolster its menu...
Bally’s Scraps Tangible Equity Sale, Seeks Private Investor on Gamesys Acquisition
Bally's Corp. (NYSE:BALY) is dropping plans to sell $250 million of its tangible equity units, opting instead to consider a private sale of equity-backed securities to an unnamed strategic investor that made an unsolicited offer....
Caesars Is NFL’s First Casino Sponsor, DraftKings Named Sports Betting Partner
The NFL is pushing further into the betting world, announcing today that Caesars Entertainment (NASDAQ:CZR) is the league's first casino sponsor. The league also brought DraftKings (NASDAQ:DKNG) aboard as its official sportsbook partner. Once hands-off...
Vornado Realty Wants in on New York City Casino Development
Vornado Realty Trust (NYSE:VNO), one of the largest US commercial real estate developers, believes Manhattan is the logical choice for a new casino in the New York City area, and it wants in on the...
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...
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...
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...
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...
