5082 stories by Todd Shriber
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...
Affinity Gaming SPAC Partner Boosts Offering Size to $175 Million
Gaming & Hospitality Acquisition Corp. (NASDAQ:GHACU) increased the size of its recent initial public offering (IPO). The corporation is a result of the special purpose acquisition company (SPAC) merging with Affinity Gaming. Earlier this week, the blank-check firm sold 17,500,000 units at...
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...
