4982 stories by Todd Shriber
MGM Pops After Board Member Meister Touts Sports Betting Prospects
Shares of MGM Resorts International (NYSE:MGM) rallied ahead of the company's earnings report later today. That's after board member Keith Meister talked up the operator's sports betting prospects in an interview with CNBC. In late trading, shares of the Bellagio operator are...
Palms Las Vegas Staying Closed for Now as Red Rock Prioritizes Free Cash Flow
Red Rock Resorts (NASDAQ:RRR) isn't planning to reopen Palms Las Vegas or its three other shuttered gaming outlets sooner than expected. Instead, the company will wait out Sin City's slow coronavirus recovery while emphasizing free cash flow generation at venues that are...
ARK Buys More DraftKings for Internet Exchange Traded Fund
Cathie Wood's ARK Investment Management is rapidly building a sizable stake in DraftKings (NASDAQ:DKNG) stock. The New York-based asset manager and exchange traded funds (ETFs) issuer bought another 443,500 shares of the daily fantasy sports (DFS) provider and online sports betting operator...
Bally’s Investors Understand Risks, Online Story Still Compelling, Says Analyst
Bally's Corp. (NYSE:BALY) stock is one of the most scintillating stories among gaming equities over the past year. With that torrid pace come risks, but one analyst believes investors are mindful of the potential pitfalls and that the name still offers upside....
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...
Bally’s Back in Acquisition Mode, Buying Predictive Games Maker SportCaller
Bally's Corp. (NYSE:BALY) is back at the acquisition altar, announcing today it's buying free-to-play games provider SportCaller. Financial terms of the transaction weren't disclosed. Dublin-based SportCaller makes predictive, quiz/trivia, pay-to-play, bespoke, and turn-key app games. Clients include BetMGM, Coral, Entain, FanDuel, Paddy...
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...
