5082 stories by Todd Shriber
Macau Rebound Beset by Delays as ‘Friction’ Sets In
Hopes for an earnest fourth-quarter recovery in the gaming mecca of Macau are on hold. Hurdles continue impeding travelers seeking entry into the Chinese territory. That deals a blow to expectations that the last three months of 2020 would shape up better...
Caesars, Wynn Offer Perks, Including Sports Betting, for Investors, Say Analysts
Caesars Entertainment (NASDAQ:CZR) and Wynn Resorts (NASDAQ:WYNN) are among the gaming names offering investors stout upside potential. While sports betting is all the rage in the industry these days, analysts see more to the stories with the two operators. Caesars stock is...
Century Casinos Could Be Next Gaming Winner, Analysts Sees Double Potential
Regional gaming company Century Casinos is on a tear from its March lows, surging nearly 466 percent over that span. But at least one analyst believes the stock has much more upside ahead, particularly if a “transformative” acquisition comes to pass over...
BETSPERTS Lands Another Seven-Digit Funding Round, Eyes LinkedIn Status
BETSPERTS, a social media platform focusing on sports betting, said it recently closed its second round of seven-figure venture funding, bringing in several new investors in the process. The Chicago-based company didn't disclose how much it landed in the most recent seeding...
Playtika Inches Closer to US IPO Valuing Company at $10 Billion
Playtika Holding Corp., a provider of mobile games that was once controlled by Caesars Entertainment (NASDAQ:CZR), is moving closer to a US initial public offering (IPO). It filed related documents with the Securities and Exchange Commission (SEC) last week. The gaming company's...
Caesars, MGM Sports Betting Exposure Isn’t Fully Appreciated, Says Analyst
Caesars Entertainment (NASDAQ:CZR) and MGM Resorts International (NYSE:MGM) are increasing exposure to the rapidly growing domestic sports betting industry. But one analyst argues that the financial market doesn't yet fully appreciate the operators' growing footprints in this arena. Through its pursuit of...
Sportradar Earns Junk Credit Rating from Fitch, Outlook Stable
Sports data provider Sportradar landed a long-term issuer default rating of “B” with a “stable” outlook from Fitch Ratings after the privately held company sold $494.36 million in debt. That senior secured loan issue was graded “B+” by Fitch. Both marks are...
Twin River Buys Bally’s Brand from Caesars for $20 Million, Will Rename Most TRWH Casinos
Twin River Worldwide Holdings (NYSE:TRWH) said today it's acquiring the iconic Bally's brand from Caesars Entertainment (NASDAQ:CZR). The move that could resuscitate a name once synonymous with a bygone era in gaming. In a statement, TRWH didn't disclose the financial terms of...
Wynn Resorts Equity Has $150 Potential, Says Money Manager
Wynn Resorts (NASDAQ:WYNN) stock more than doubled off its March lows. But it's still in a funk this year, shedding nearly 48 percent as the coronavirus pandemic punishes gaming equities. However, one fund manager sees big things ahead for the Encore operator....
DraftKings Analysts Can’t Help Themselves as Price Targets Move into $70s
Wall Street analysts covering DraftKings (NASDAQ:DKNG) are quite enthusiastic about shares of the sportsbook operator. That ebullience is on display again as a pair reveal nice price forecasts on the name that averages out to $73. Credit Suisse analyst Benjamin Chaiken initiated...
