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Todd Shriber
5786 stories by Todd Shriber
MGM Growth, VICI Properties Have Fundamentals to Endure Pandemic Pressure
Domestic gaming real estate investment trusts (REITs) have the liquidity and balance sheets to weather storms foisted upon tenants by the coronavirus pandemic, according to analysis of the group by Moody's Investors Service. The three...
Macau GGR Won’t Reclaim Pre-Pandemic Highs Until 2022, Say Analysts
Gross gaming revenue (GGR) in Macau showed signs of improvement in September, but JP Morgan says it will be 2022 before those figures return to pre-coronavirus highs. That outlook deals a blow to the thesis...
Macau Junket Cycle not Dealing with Structural Issues, Says Goldman Sachs
The current weakness in Macau's junket industry is a more symptom of supply issues, not structural damage. Today's cycle, though weak, isn't as bad as the slump of 2014-15, according to Goldman Sachs analysts. Gambling...
DraftKings Sparks Canaccord Support, Analysts Encouraged by Q3 Update, See Faster Probability
DraftKings (NASDAQ:DKNG) stock is faltering again today, extending a weekly decline to more than nine percent. But it continues earning kudos on Wall Street, as Canaccord Genuity praised the company's recent third-quarter update. Analysts Michael...
MGM Selling $500 Million in Debt, Joins Parade of Gaming Capital Raises
MGM Resorts International (NYSE:MGM) is selling $500 million in senior notes coming due in 2028, the operator said today. They join a growing list of gaming companies heading to capital markets to raise cash. The...
Las Vegas Sands, Other US Operators Likely Win Macau Renewals, Say Analysts
Lingering hostilities between the US and China, the world's two largest economies, probably won't result in American operators losing rights to run casinos in Macau, according to Bernstein analysts. There are six concessionaires operating in...
DraftKings Slips After Pricing Share Sale at Steep Discount to Recent Close
DraftKings (NASDAQ:DKNG) stock is sliding today. The sportsbook operator said it priced its secondary offering at $52 a share, an 8.4 percent discount to Tuesday's close of $56.48. The daily fantasy sports (DFS) company shed...
Twin River Forecasts Q3 Revenue up to $130 Million, Sells $125 Million in Debt
Regional gaming company Twin River Worldwide Holdings (NYSE:TRWH) delivered an early look at its third-quarter results today. It expects earnings before interest, taxes, depreciation and amortization (EBITDA) of $30 million to $40 million on revenue...
Macau October Visitation Trending Lower, Analyst Calls Golden Week Start ‘Disappointing’
Macau tourist traffic is likely to falter again this month because of a rough start to the highly anticipated Golden Week festival, among other factors. In a note to clients today, Roth Capital analyst David...
GAN Stock Soars on 10-Year Michigan Deal with Wynn Resorts
GAN Ltd. (NASDAQ:GAN) stock is higher by more than 13 percent in midday trading, making it one of the best-performing names in the gaming space to start the week. The rise came after the company...
