5460 stories by Todd Shriber
Penn National Stock Drops with Portnoy COVID-19 Speculation
Penn National Stock shares slid Wednesday after BarStool's David Portnoy posted a video speculating that he might have coronavirus, underscoring just how intimately correlated the fortunes of Penn National Gaming (NASDAQ:PENN) stock is to the success of the company's relationship with Barstool...
Wynn Macau Says WeChat Ban Could Have Adverse Impact, Trims Daily Operating Costs to $2 Million
In a filing with the Hong Kong Stock Exchange, Wynn Macau tells investors increasing geopolitical tensions between the US and China, including the Trump Administration's recent ban of the popular Chinese messaging app WeChat, could hamper the gaming company's business. The operator...
William Hill Should Be Viewed as Growth Stock, Says Jefferies Analyst
William Hill (OTC:WIMHY) is trading higher by more than 10 percent Tuesday after Jefferies analyst James Wheatcroft lifted his price target on the British bookmaker's London-listed shares to 330 pence from 305 pence. The price is more than double where the stock...
Boyd Gaming Eldorado Casino Will Remain Shuttered Through June 2021
Boyd Gaming's Eldorado Casino in Henderson, Nev. will remain closed through June 2021, after the company requested a non-operational license from the city council. Boyd operates 29 casinos in 10 states, including a dozen in Las Vegas. Between May 20 and July...
Macau Operators Eyeing Imminent Break-Even as China Travel Controls Loosen
Break-even, on earnings before interest, taxes, depreciation and amortization (EBITDA) basis, is beckoning for Macau's six concessionaires. That's as China resumes issuing tourist visas for entry into the world's largest casino center. In a new research report, Bernstein says Macau operators could...
GAN Giddiness: Investors Go Gaga for Betting Software Stock on Cordish News
Gaming technology provider GAN Ltd. (NASDAQ:GAN) is trading higher by more than nine percent Monday. That's after the company said the "PlayLive!" online gaming business, developed in partnership with Cordish Gaming Group, is operational in Pennsylvania. Making today's move in GAN stock...
DraftKings Earns Analyst Support on New Product Offerings, Fuller Sports Slate
DraftKings (NASDAQ:DKNG) rallied Monday, clawing back some of last Friday's losses after analysts stepped up in support of the sportsbook operator's shares. They cited new product launches and data confirming pent-up demand for sports wagering. In a note to clients today, Canaccord...
Las Vegas Sands Offers Big Upside, Says Deep Knowledge Investing Analyst
For patient investors, Las Vegas Sands (NYSE:LVS) could be one of the better ideas among gaming equities. It offers potentially significant upside over the next several years, according to Gary Brode, founder of Deep Knowledge Investing. In a recent report on the...
Mirage Finally Joining Las Vegas Reopening Party, Taking Reservations for August 27
Just in time for Labor Day weekend, the Mirage on the Las Vegas Strip will reopen for business on Thursday, Aug. 27. MGM Resorts International, the operator of the iconic venue, confirmed the integrated resort is taking reservations for that data, positioning...
DraftKings Gets Morgan Stanley Endorsement Ahead of Earnings
DraftKings joined the parade of sports betting equities trading higher Thursday, rallying on the back of bullish commentary by Morgan Stanley analyst Thomas Allen. Allen, one of the most noted gaming analysts on Wall Street, raised his third- and fourth-quarter revenue estimates...
