5082 stories by Todd Shriber
Bally’s Is Back, But Rebranding Casinos Could Take Months, Says Company
The once iconic Bally's brand is officially back, after the company previously known as Twin River Worldwide Holdings (TRWH) said Monday the transition to Bally's Corp. is complete. The operator also switched its equity identifier on the New York Stock Exchange to...
Penn National CEO Snowden Says Company Capturing Younger Demographic, Sports Betting Taking Off
Penn National Gaming (NASDAQ:PENN) CEO Jay Snowden says visitation and length of play trends as the company reopened casinos over the past six months are showing signs of stability. That's while the operator is proving adept at luring younger patrons. Penn operates...
MGM China Insider Sean Ma Buys $16.5 Million Worth of Stock
Sean Ma's Snow Lake Capital Ltd., a Hong Kong-based asset manager, recently upped its stake in MGM China Holdings (OTC:MCHVF). In transactions on Sept. 17 and Oct. 30, the investment firm bought $16.5 million worth of shares in the MGM Macau operator,...
Full House Cup of Coffee Stock Price Has Double-Digit Potential, Says Analyst
With a market value of just $78.60 million, Full House Resorts (NASDAQ:FLL) is one of the smallest publicly traded gaming companies in the US. But that diminutive stature may belie exciting upside potential with the stock, according to one analyst. Even with...
MGM, Sands, Wynn Among Leaders as Biden Win, Vaccine News Jolt Casino Stocks
Shares of casino operators are soaring early Monday. The market was buoyed by two sets of positive headlines, as investors digest news that Democratic nominee Joe Biden is now the president-elect, and that a coronavirus vaccine developed by Pfizer (NYSE:PFE) and BioNTech...
Century Casinos Could Shop for Regional Gaming Assets in 2021
Century Casinos (NASDAQ:CNTY), a small gaming company with a history of successful bolt-on acquisitions, could be on the hunt for deals in 2021. It will be seeking prospects in what could be, as described by one company executive, a brisk environment for...
Casino Operators Win at Ballot Box, But Fitch Sees Minimal Cash Flow Boost
Election Day 2020 goes down as a victory for casino companies, as gaming-related ballot initiatives in several states went undefeated. But some analysts see little tangible benefit to operator cash flows vis-a-vis those electoral wins. The gaming industry's big wins on Nov....
Wynn Resorts Macau Bottom Close, Inflection Point Near, Says Analyst
Shares of Wynn Resorts (NASDAQ:WYNN) are trading lower Friday, a day after the company delivered a dreadful set of third-quarter results that easily missed Wall Street estimates. But at least one analyst sees green shoots with the name. Late Thursday, Wynn said...
Apollo Global Shifts Gears, Considers Acquiring William Hill Non-US Assets
Private equity firm Apollo Global Management (NYSE:APO) is reportedly interested in purchasing William Hill's (OTC:WIMHY) non-US operations after the British bookmaker is acquired by Caesars Entertainment (NASDAQ:CZR). That's a change in strategy for the buyout giant, which less than two months ago was...
Caesars Q3 Revenue More Than Doubles, But Staggering Loss Reported
Caesars Entertainment (NASDAQ:CZR) investors may be hoping that the old maxim of “it takes money to make money” comes to pass. That's because the gaming operator said its third-quarter revenue more than doubled, while reporting a whopping per-share loss. The largest casino...
