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Todd Shriber
5786 stories by Todd Shriber
Macau Operators Eyeing Imminent Break-Even as China Travel Controls Loosen
Break-even, on earnings before interest, taxes, depreciation and amortization (EBITDA) basis, is beckoning for Macau's six concessionaires. That's as China resumes issuing tourist visas for entry into the world's largest casino center. In a new...
GAN Giddiness: Investors Go Gaga for Betting Software Stock on Cordish News
Gaming technology provider GAN Ltd. (NASDAQ:GAN) is trading higher by more than nine percent Monday. That's after the company said the "PlayLive!" online gaming business, developed in partnership with Cordish Gaming Group, is operational in...
DraftKings Earns Analyst Support on New Product Offerings, Fuller Sports Slate
DraftKings (NASDAQ:DKNG) rallied Monday, clawing back some of last Friday's losses after analysts stepped up in support of the sportsbook operator's shares. They cited new product launches and data confirming pent-up demand for sports wagering....
Las Vegas Sands Offers Big Upside, Says Deep Knowledge Investing Analyst
For patient investors, Las Vegas Sands (NYSE:LVS) could be one of the better ideas among gaming equities. It offers potentially significant upside over the next several years, according to Gary Brode, founder of Deep Knowledge...
Mirage Finally Joining Las Vegas Reopening Party, Taking Reservations for August 27
Just in time for Labor Day weekend, the Mirage on the Las Vegas Strip will reopen for business on Thursday, Aug. 27. MGM Resorts International, the operator of the iconic venue, confirmed the integrated resort...
DraftKings Gets Morgan Stanley Endorsement Ahead of Earnings
DraftKings joined the parade of sports betting equities trading higher Thursday, rallying on the back of bullish commentary by Morgan Stanley analyst Thomas Allen. Allen, one of the most noted gaming analysts on Wall Street,...
Penn National Pops to New High as Goldman Starts Coverage, Bank Backs Barstool Partnership
Shares of Penn National Gaming (NASDAQ:PENN) are higher by more than seven percent Thursday. The stock raced to a new 52-week high after Goldman Sachs initiated coverage of the gaming company with a “buy” rating....
Gaming, Leisure Industry Epicenter of COVID-19 Credit Downgrades
The hotel, gaming and leisure sector is proving its vulnerabilities to global pandemics, and that's evident in financial market parlance, where the industry suffered more corporate credit downgrades than any other since March. From March...
Sports Illustrated Prowling for Betting Partner
Authentic Brands Group (ABG), the owner of Sports Illustrated, is reportedly looking to pair the sports media property with a betting partner. The news was originally reported by the New York Post earlier today, which...
Macau Concession Renewal Could Extend Beyond 2022
Gaming licenses for Macau's six concessionaires will expire in mid-2022, and conversations about renewing the permits are expected to gain steam next year. But there's a real possibility the process will be delayed. Macau Chief...
