5316 stories by Todd Shriber
Wynn Could Use Equity Sale Cash to Bolster Sports Betting Unit, Says Analyst
Wynn Resorts (NASDAQ:WYNN) announced Monday it's selling equity to raise capital, an offering that was increased due to strong demand. One sell-side analyst believes the operator's emerging interactive/sports betting unit is a likely destination for some of that cash. On Monday morning,...
Planet Hollywood Sale Rumors Swirling, Suitor List Could Be Long
A well-known Las Vegas insider says rumors are floating around regarding Caesars Entertainment (NASDAQ:CZR) potentially selling Planet Hollywood on the Strip. In a post earlier this afternoon, Vital Vegas notes a sale of the venue could be announced over the near-term. But...
Golden Nugget Online Gaming Says 2020 GGR Tops $100 Million, Has Fast Michigan Start
Golden Nugget Online Gaming (NASDAQ:GNOG) is previewing its 2020 financial results today, and the newly public company's numbers look sturdy. The iGaming firm is forecasting 2020 gross gaming revenue (GGR) of $101 million to $102 million, up approximately 67 percent from $60.9...
Wynn Capitalizing on Stock Rally, Selling up to 6.32 Million Shares to Raise Cash
Wynn Resorts (NASDAQ:WYNN) is taking advantage of recent strength in its stock, announcing Monday that it's selling up to 6.32 million shares of equity to bolster cash. News of the share sale comes after Wynn stock gained 17.54 percent last week and...
Wynn Resorts Stock Earns ‘Neutral’ Rating as Analyst Forecasts Lengthy Macau Recovery
On the back of a fourth-quarter earnings report that was received in surprisingly positive fashion, Wynn Resorts (NASDAQ:WYNN) stock jumped 17.54 percent last week. But one analyst is urging caution with the shares. In a note to clients, Roth Capital analyst David...
In Post-Adelson Online Push, Las Vegas Sands May Have Eyes on 888 Holdings
The integrated resort operator Las Vegas Sands is rumored to be considering a deal for online casino firm 888 Holdings (OTC:EIHDF). It could mark the first overt sign that a new era of strategy is being ushered in at Las Vegas Sands...
Penn Ascent Sets Rapid Price Target Revision, Barstool App Targets Illinois by March Madness
Things change fast in financial markets, and Penn National Gaming (NASDAQ:PENN) is proving that point. Backed by an 8.52 percent gain on Thursday, Penn stock is higher by 10.57 percent. That surge is prompting one analyst to alter his price forecast on...
Wynn Macau Perks Up, Sports Betting Coming Along, But US Casino Business Still Dismal
Wynn Resorts (NASDAQ:WYNN) delivered fourth-quarter results after the close of US markets today and the report was a good news/bad news affair. The gaming company lost $2.53 a share on operating revenue of $686 million during the last three months of 2020....
Skillz Stock Sizzles on NFL Developer Deal
Mobile games and esports tournament provider Skillz Inc. (NYSE:SKLZ) is on pace for its best day as a publicly traded company after announcing an agreement with the NFL. The pact is unique compared to previous deals struck between gaming companies and professional...
Penn National Stock Rallies on Constructive Barstool Sportsbook Comments
Penn National Gaming (NASDAQ:PENN) stock is rallying Thursday, reversing an early morning slide, as analysts and investors react to company comments on the Barstool Sportsbook business. The regional gaming name dipped earlier today after reporting fourth-quarter earnings per share of seven cents...
