5138 stories by Todd Shriber
Rush Street Interactive Stock Has Tech Goods for Major Upside, Says Jefferies Analyst
Rush Street Interactive (NYSE:RSI) stock is poised to snap out of its post-merger slump and deliver upside for investors by way of its enviable technological capabilities. Those are the sentiments of Jefferies analyst David Katz, who initiates coverage of the online casino...
Bally’s Scraps Tangible Equity Sale, Seeks Private Investor on Gamesys Acquisition
Bally's Corp. (NYSE:BALY) is dropping plans to sell $250 million of its tangible equity units, opting instead to consider a private sale of equity-backed securities to an unnamed strategic investor that made an unsolicited offer. The gaming company previously said it would...
Caesars Is NFL’s First Casino Sponsor, DraftKings Named Sports Betting Partner
The NFL is pushing further into the betting world, announcing today that Caesars Entertainment (NASDAQ:CZR) is the league's first casino sponsor. The league also brought DraftKings (NASDAQ:DKNG) aboard as its official sportsbook partner. Once hands-off when it came to sports betting, the...
Vornado Realty Wants in on New York City Casino Development
Vornado Realty Trust (NYSE:VNO), one of the largest US commercial real estate developers, believes Manhattan is the logical choice for a new casino in the New York City area, and it wants in on the action. In his annual letter to shareholders,...
MGM/Entain Merger Speculation to Continue Lingering, Says Analyst
It's been more than three months since MGM Resorts International (NYSE:MGM) attempted to acquire Entain Plc (OTC:GMVHY), its partner on the BetMGM business. At least one analyst believes speculation on this matter won't die down anytime soon. The British bookmaker rejected an...
Penn National Gaming Online Ebullience Priced Into Stock, Says Analyst
Penn National Gaming (NASDAQ:PENN) is one of the best-performing gaming equities over the past year. It's a status largely attributable to market participants' expectations for internet casinos and online sports betting. At least one analyst says those catalysts are priced into Penn...
Macau First-Quarter EBITDA Lumpy Disappointment, Say Analysts
Underscoring an uneven recovery in the world's largest gaming center, Morgan Stanley estimates first-quarter earnings before interest, taxation, depreciation and amortization (EBITDA) for Macau concessionaires slumped, while gross gaming revenue (GGR) increased. US investors will get a sense for how Macau's rebound...
Las Vegas-Related: Bernstein Says Convention Biz Won’t Hit Pre-Pandemic Levels Until 2023
Convention and meeting business is integral to Las Vegas's hopes of rebounding from the coronavirus pandemic. But some analysts believe that effort is going to take time. In a new research report titled “The Future of Work: What the Oscars Teaches Us...
Caesars Lands on Morgan Stanley High Conviction List
Caesars Entertainment (NASDAQ:CZR) made the cut on a short list of stocks highlighted by Morgan Stanley as offering stout near-term appreciation potential. In advance of first-quarter earnings season, the bank released a group of equities it believes will outperform over the next...
Golden Nugget Online Underappreciated Story, iGaming Could Top Sports Betting, Says Analyst
Golden Nugget Online Gaming (NASDAQ:GNOG) stock isn't getting the adulation it deserves, and the name could potentially deliver massive returns -- perhaps doubling or tripling, as market participants recognize growth offered by online casinos. Those are the sentiments of Jefferies analyst David...
