5081 stories by Todd Shriber
Las Vegas Sands Stock ‘Attractive Story’, but Price Target Trimmed
Stock remains inexpensive, but needs Macau reacceleration Deutsche Bank trims price target to $59 from $62 Amid tariff turbulence that’s increasingly strained the US/China trade relationship, shares of Las Vegas Sands (NYSE: LVS) have shed 36.31% year to date, confirming the stock...
Elaine Wynn, Co-Founder of Casino Giant, Dies at 82
She co-founded Wynn Resorts with her ex-husband, Steve The two previously worked on a variety of fabled Las Vegas casinos A cause of death hasn’t been reported Elaine Wynn, co-founder of the casino operator bearing her married name, has died. She was...
Bally’s Mulled Waiting for Star to Fall Into Administration
Regional casino operator decided to bid amid fears Star would have been too difficult to rescue in administration Kim says Bally’s had been monitoring th Star situation for a year. Bally’s (NYSE: BALY.T) considered waiting for Star Entertainment Group to be placed...
SL Green Can Meet Enviro Review Deadline for Times Square Casino
Developer commented after reports surfaced to the contrary Two other New York City casino bids could be hampered by slow environmental reviews Real estate developer SL Green said it will be able to meet the deadline for an environmental review for a...
Tariffs Not Yet Pinching Macau Casino Activity
Macau betting volumes sturdy amid US/China trade war. Large bettors continue visiting Macau casinos. With the US and China -- the world’s two largest economies -- lobbing trade barbs at each other on a seemingly daily basis, it’d be reasonable to expect...
DraftKings Slide Provides Fresh Buying Opportunity, Says Analyst
Shares have tumbled since fourth-quarter earnings report. Stock is inexpensive relative to next-12-month sales history. Shares of DraftKings (NASDAQ: DKNG) traded slightly higher Monday after an analyst upgraded the stock, noting said recent weakness could present investors with a valid buying opportunity....
Hard Rock Digital Could Be Worth $8 Billion, Says Research Firm
If estimate is accurate, Hard Rock Digital would be one of the largest standalone iGaming/OSB companies. Implies valuation has rapidly doubled and Florida could eventually allow iGaming. Hard Rock Digital, the interactive gaming and sports wagering arm of the Seminole Tribe’s Hard...
Kalshi Wins Nevada Injunction, Sports Contracts Remain
Ruling sets stage for Kalshi to continue offering sports contracts in Nevada. Judge leans on federal regulation of prediction markets operator. Prediction markets operator Kalshi will continue offering sports-linked derivatives in Nevada after a federal judge granted the company an injunction against...
Churchill Downs ‘Flight-to-Quality’ Idea Among Gaming Stocks
Stock looks attractive ahead of Kentucky Derby Tariff uncertainty a headwind, but Derby could be bigger catalyst With the Kentucky Derby just a few weeks away, Churchill Downs (NASDAQ: CHDN) could be ready to take its turn in the gaming stock spotlight....
Saks Fifth Avenue Drops Bid for Casino at New York Flagship Store
Retailer won’t proceed with New York City casino plan Group of New York City casino bidders falls to 10 Saks Fifth Avenue is reportedly dropping plans to bid for one of the yet-to-be-awarded downstate casino licenses in New York City. A report...
