4982 stories by Todd Shriber
Las Vegas Sands, MGM, Wynn Highlighted by Wells Fargo as COVID-19 Rebound Plays
Several well-known gaming companies are among the consumer discretionary names favored by Wells Fargo, as the bank upgrades the sector, citing an unusual consumer strength. In a note out today, the bank lifts the consumer cyclical sector to “overweight” from “neutral,” noting...
Penn National Gaming Lands New York Access in Deal with Rivers Casino
Penn National Gaming's (NASDAQ:PENN) Penn Interactive unit is gaining access to the crucial New York mobile sports betting and internet casino market via a “second skin” agreement with Rivers Casino & Resort. The deal hinges on the state approving mobile sports wagering,...
Sportradar Eyeing $10 Billion Valuation in IPO or SPAC Deal
Sportradar is inching closer to going public and is reportedly in talks with various special purpose acquisition companies (SPAC). Those negotiations could value the sports betting data provider at $10 billion or more. The company is also mulling a traditional initial public...
Tropicana Las Vegas Drawing Interest, But Prospective Buyers Lacking Cash, Says GLPI
Tire kicking on Tropicana Las Vegas continues, but owner Gaming and Leisure Properties (NASDAQ:GLPI) says many of the interested suitors don't have the cash to make an acceptable offer. GLPI owns the property assets of the venue, while Penn National Gaming (NASDAQ:PENN)...
Tropicana Las Vegas Drawing Interest, But Prospective Buyers Lacking Cash, Says GLPI
Caesars Drops Korea Casino Projects, Sells Stake to Former Partner R&F Properties Caesars Entertainment (NASDAQ:CZR) reportedly sold its stake in an integrated resort project in Incheon, South Korea to its now-former partner, Guangzhou R&F Properties Co. Ltd. An unidentified official from the...
DraftKings Could Get Canadian Boost, Says Analyst
DraftKings (NASDAQ:DKNG) is one of the US-based gaming companies that stands to benefit from the legalization of single-game sports wagering in Canada, according to one Wall Street analyst. Earlier this week, the House of Commons resoundingly passed Bill C-218. It's legislation that...
Canada Green Lights Single-Game Sports Betting In Win for theScore, Other Gaming Companies
In a highly anticipated move, Canada's parliament on Wednesday approved wagering on individual sporting events, paving the way for eventual introduction in provinces and territories. Bill C-218, legislation introduced last year by Member of Parliament Kevin Waugh (Saskatoon-Grasswood), was voted on and...
Unidentified Operator Advances in Yokohama Casino RFP Process
The Japanese city of Yokohama said Tuesday one company already met early qualification standards for an integrated resort bid. Japan's second-largest city started accepting pre-screening applications from interested parties on Feb. 5 for a process that will run through May 17. Yokohama...
Stanley Druckenmiller Pares Penn National Gaming Stake
Hedge fund manager Stanley Druckenmiller's Duquesne Family Office reconfigured its equity portfolio in the fourth quarter, including reducing its position in Penn National Gaming (NASDAQ:PENN). According to a Tuesday 13F filing with the Securities and Exchange Commission (SEC), the regional gaming stock...
Boyd Gaming Has ‘Underappreciated’ Catalysts, Says Analyst
Shares of Boyd Gaming (NYSE:BYD) are trading lower Wednesday. That's despite a better-than-expected fourth-quarter earnings report and bullish comments from some sell-side analysts. On Tuesday afternoon, the Orleans operator said it earned 73 cents a share on the basis of generally accepted...
