5402 stories by Todd Shriber
Chanos, Famed Short Seller, Sees Macau Concession Risk for Las Vegas Sands, Wynn Resorts
Kynikos Associates founder Jim Chanos, one of Wall Street's most noted short sellers, believes Las Vegas Sands (NYSE:LVS) and Wynn Resorts (NASDAQ:WYNN) are facing Macau concession renewal risk that's not being adequately reflected in current share prices. Chanos made the comments Monday...
California Tribes Flex Political Muscle, Sports Betting Bill Yanked Days Before Vote
California tribal gaming operators are wielding their political clout in the largest US state, potentially prompting state Sen. Bill Dodd (D-Napa) to pull legislation to legalize sports betting that was to be voted on later this week. With news of the proposal...
Las Vegas Sands Earnings Estimates Trimmed, UBS Analyst Expects Macau License Rebidding Delays
Shares of Las Vegas Sands (NYSE:LVS) dipped Monday after UBS analyst Robin Farley pared her earnings before interest, taxes, depreciation and amortization (EBITDA) estimates on the operator, citing sluggish demand in Macau – the company's most important market. Farley trimmed her 2020...
Flutter, William Hill Draw High Praise From Goldman Sachs, JPMorgan
British bookmakers Flutter Entertainment (OTC:PDYPY) and William Hill (OTC:WIMHY) continue earning praise from research firms, with Goldman Sachs and JPMorgan chiming in on the names today. The two sportsbook operators have dominant share in their home market of the UK. But analysts...
Eldorado Close to Completing Caesars Deal, Financing Efforts Help, Says Analyst
It's been a brisk week of capital raising by Eldorado Resorts Inc. (NASDAQ:ERI), with at least one analyst saying the gaming company's financial maneuvering strengthens its cash position. He added that could be a catalyst to finalize the $17.3 billion takeover of...
Boyd, Penn National Leaders as Regionals Rebound, Says Bank of America Analyst
Regional operators, including Boyd Gaming (NYSE:BYD) and Penn National Gaming (NASDAQ:PENN), are benefiting as their properties come back online following the coronavirus shutdown. But a Bank of America (BofA) analysts sees other favorable fundamental tailwinds for the group. In a note to...
GAN Tantalizes Investors With Talk of Lucrative Mystery Client
GAN Ltd. (NASDAQ:GAN) delivered its first earnings report as a Nasdaq-listed entity on Tuesday. But the nugget investors are talking about is a mystery “Tier 1” client that could represent $300 million to $400 million in annual revenue. The gaming software maker,...
ROAR Digital Inks Deal with Oregon Tribe, Will Open BetMGM Sportsbook, Eyes Mobile Wagering
ROAR Digital, the sports wagering venture between MGM Resorts International (MGM) and GVC Holdings (GVC), reached an agreement with the Confederated Tribes of Grand Ronde of Oregon to be the tribes' exclusive sports betting partner. Financial terms of the deal weren't disclosed,...
Circa Casino Defies Coronavirus Headwinds, Will Open Two Months Ahead of Schedule
The Circa Resort & Casino, the newest baby of real estate and gaming mogul Derek Stevens, is avoiding construction roadblocks that could have arisen from the coronavirus pandemic. It is slated to open in downtown Las Vegas on Oct. 28 – two...
DraftKings Finds Good Timing With Secondary Offering, Says Oppenheimer Analyst
DraftKings (NASDAQ:DKNG) is encountering some good timing with news of a secondary equity sale in which the sportsbook operator will market another 14 million shares. The daily fantasy sports (DFS) giant revealed the offering in a filing with the Securities and Exchange...
