5138 stories by Todd Shriber
Las Vegas Sands Mulls Boosting Sands China Investment with Venetian Sale Cash
Las Vegas Sands (NYSE:LVS) is considering using some of the proceeds from the sale of its Strip assets to increase its stake in Sands China, its Macau unit. Executives from the largest US gaming operator by market capitalization commented on the matter...
Bally’s Bounces as Jefferies Calls it ‘Transformative’ Casino Stock
Bally's (NYSE:BALY) is rallying Wednesday, chipping away at a 20 percent slide over the past month on more upbeat analyst commentary. Shares of the casino operator jumped 4.20 percent today, good for one of the best intraday performances among gaming equities. That's...
Genius Sports Stock Jumps in First Trading Day Following SPAC Merger
Sports betting data provider Genius Sports (NYSE:GENI) is soaring on its first day as a freestanding public company. In midday trading, Genius stock is higher by almost seven percent. The firm came to market via a merger with special purpose acquisition company...
BetMGM Forecasts $32 Billion iGaming, Sports Betting Market, Aims for 25 Percent Share
BetMGM is targeting a long-term market share of 20 percent to 25 percent in the booming US online casinos and sports betting industries. Recent data confirm the operator is well on its way to meeting that goal. The operator, which is a...
Skillz Stock Slump Reaches Epic Proportion as Another Bear Report Emerges
Skillz (NYSE:SKLZ) stock is getting pounded again today after another bearish research report surfaced on social media – this one alleging the company is using accounting gimmickry to overstate the health and size of its business. In late trading, shares of the...
Macau Stocks Ebullience Is Fading, Says Analyst
In Macau, gross gaming revenue (GGR) and visitation trends are showing modest signs of improvement. But those upticks may not be enough to be enough to support near-term upside in shares of concessionaires. That's the view of Union Gaming analyst John DeCree,...
Caesars William Hill Takeover Wins UK Scheme Court Approval, Deal Could Close ‘Imminently’
The UK Scheme Court has signed off on Caesars Entertainment’s (NASDAQ:CZR) $3.69 billion takeover of William Hill (OTC:WIMHY), setting the stage for the transaction to soon close. The Las Vegas-based casino operator revealed its offer for the British bookmaker last September, leveraging...
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 analysts believe this the pullback late-arriving investors...
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 National Gaming (NASDAQ:PENN), and Red Rock Resorts...
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 as the US online casinos and sports...
