5082 stories by Todd Shriber
Druckenmiller Dumps DraftKings, Boosts Penn National Stake
Stanley Druckenmiller's Duquesne Family Office was active with gaming equities in the third quarter. That includes a sizable addition to a previously existing position in Penn National Gaming (NASDAQ: PENN). During the July through September time frame, the investment vehicle, which has...
Macau Stocks Rally as Moderna Says COVID-19 Vaccine Has 94.5 Percent Efficacy Rate
Gaming operators with exposure to Macau are among the best-performing industry names Monday. That's after biotechnology company Moderna, Inc. (NASDAQ:MRNA) revealed encouraging late-stage trial results for its coronavirus vaccine. In midday trading, most US-based casino operators are trading even as COVID-19 case...
DraftKings Sailing Rising Tide, Has Multiple Advantages, Says Needham Analyst
Despite recent struggles, DraftKings (NASDAQ:DKNG) stock remains a Wall Street favorite. That sentiment is on display Monday, as Needham analyst Brad Erickson voiced enthusiasm for the name. In a note to clients, Erickson reiterates a “buy” rating and a $70 price target...
Genting Joins Rivals with Japan Jitters
Genting Singapore has long been one of the major gaming companies pursuing an integrated resort license in Japan. But the operator is appearing less devoted to the Land of the Rising Sun than it was in previous months. In reporting third-quarter results...
Loeb’s Third Point Makes Big Bet on Caesars, Buys One Million Shares
Count Third Point LLC among the hedge funds embracing Caesars Entertainment (NASDAQ:CZR). The New York-based money manager added one million shares of the gaming giant during the third quarter in a position valued at $56.06 million, according to a Form 13F filing...
Wynn Resorts Executives Use Vaccine Rally to Unload Stock
A pair of Wynn Resorts (NASDAQ:WYNN) executives took advantage of a big pop in the stock earlier this week to reduce exposure to their employer's shares. On Monday, gaming equities, with Wynn acting as one of the leaders, vaulted higher. That's after...
Red Rock Resorts Rallies as JPMorgan Praises Management, Las Vegas Locals Segment
Red Rock Resorts (NASDAQ:RRR) is one of the today's best-performing gaming stocks, surging more than six percent. That's after JPMorgan analyst Joseph Greff reiterated an “overweight” rating on the parent company of Station Casinos. Joining some of his sell-side colleagues in doing...
Macau Operators Sport October Improvement, But Recovery Still Lethargic
After months of some of the worst gross gaming revenue (GGR) and visitation numbers on record, Macau gaming companies saw some green shoots in October. GGR declined less than expected and perked up on a month-over-month basis. Although the Golden Week holiday...
DraftKings Stock Could Deliver Major Post-Earnings Move
Sportsbook operator DraftKings (NASDAQ:DFS) steps into the earnings confessional on Friday, Nov. 13 to deliver third-quarter results. Some traders are banking on a big move by the stock. The direction of that reaction remains to be seen. In what will be the...
Sands Center, Venetian Buyers List Draws A Crowd, Including Fertitta, Galaxy Entertainment
It's been less than a month since Las Vegas Sands (NYSE:LVS) said it's in early discussions to potentially unload its Nevada assets for as much as $6 billion, and speculation is intensifying regarding potential buyers. Macquarie gaming and leisure analyst Chad Beynon...
