4982 stories by Todd Shriber
Macau, US Regionals Leaving Vegas Behind in Gaming Recovery
Gaming companies' coronavirus recovery efforts hinge largely on geographic exposure. Those relying on the Las Vegas Strip are likely to lag rivals with significant Asia-Pacific or domestic regional footprints, according to Fitch Ratings. With a COVID-19 vaccine likely still months away, Sin...
Ohio Nears Legal Sports Betting, Eilers & Krejcik Forecasts Market North of $600M
Ohio lawmakers could sign off on sports wagering before the end of this year, and market observers are already enthusiastic about how the Buckeye State betting scene is shaping up. Research firm Eilers & Krejcik Gaming points out Ohio will have low...
Melco Resorts Offers Superior Macau Recovery Setup, Says Analyst
Melco Resorts & Entertainment's (NASDAQ:MLCO) status as an Asia-based company keeps it away from some of the controversies facing other Macau operators. It also makes it a top idea for investors seeking exposure to the world's largest casino center, according to one...
Penn Portnoy Euphoria Continues as Analysts Sees $85 Stock, Highest Wall Street Call
Penn National Gaming (NASDAQ:PENN) is extending its scintillating run Thursday, trading higher by almost seven percent. That's after Stifel analyst Steven Wieczynski placed an $85 price target, up from $47, on the name, the highest such call on Wall Street. With the...
Giants Deal Hastens Gargantuan Move by DraftKings Stock
DraftKings (NASDAQ:DKNG) is extending a monster run, trading higher by nearly 10 percent Wednesday following news of a multi-year agreement with the NFL's New York Giants. Accords between professional sports franchises and sportsbook operators are becoming more common as the industry becomes...
MGM Dented by Another Downgrade, Analyst Sees Vegas Volatility
It's been a week of downgrades for MGM Resorts International (NYSE:MGM). The stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit. In a note to clients today, Roth Capital analyst David...
Wynn Resorts Stuck in Neutral Amid Macau VIP Risk, Says Analyst
Shares of Wynn Resorts (NASDAQ:WYNN) are lower by more than two percent Wednesday after Roth Capital analyst David Bain downgraded the gaming operator, citing, among other factors, risk in the marquee Macau market. In a note to clients today, Bain lowered his...
Penn National Removed From S&P Negative List, But Rating Remains Junk
Good news continues piling up for Penn National Gaming (NASDAQ:PENN) investors, as Standard & Poor's (S&P) removed the casino operator's debt from the “CreditWatch Negative” group. The service cited reopened properties and adequate lease coverage. Companies on the CreditWatch Negative list are...
Barstool Sportsbook Launches in Pennsylvania with Data, Tips from GTG Network
Penn National Gaming's much-ballyhooed Barstool Sportsbook is live in Pennsylvania today, and the betting platform debuts featuring data and trend analysis, courtesy of GTG Network. Australia-based GTG parses trillions of data sets across an array of sports to offer gamblers trend-based tips...
Las Vegas Sands, SJM Holdings Seen Gaining Macau Market Share
With new gaming and lodging offerings soon coming online, Sands China and SJM Holdings could gain market share from rival Macau operators, say analysts. The world's largest gaming center is still struggling with the effects of the coronavirus pandemic. That's prompting industry...
