5082 stories by Todd Shriber
Penn National Split Decision: Ornery Analyst Says ‘Sell’ Internet Meme, Another Says It’s Going to $100
These days, the broad consensus in the analyst community on Penn National Gaming (NASDAQ:PENN) stock is that the name is a “buy.” It's rare that opinions on the casino firm deviate wildly on the same day. However, that's happening today, as Deutsche...
Twin River Paying $120 Million for Jumer’s Casino in Initial Illinois Entry
Twin River Worldwide Holdings (NYSE:TRWH) is purchasing Jumer's Casino & Hotel in Rock Island, Ill. for $120 million in cash, marking the company's first move into the Prairie State. Jumer's has a 40,000 square foot casino with 870 slot machines, 25 table...
Penn National Rallies After Analyst Lifts Price Target to Another Street High
Penn National Gaming (NASDAQ:PENN) is rallying anew today, helped by an impressive financial forecast and more sell-side enthusiasm. In a note to clients today, Rosenblatt Securities analyst Bernie McTernan boosted his price forecast on the gaming company to $90, the highest on...
Las Vegas High-End Integrated Resorts Unlikely to Lead Hotel Recovery
Glitzy Las Vegas Strip venues, such as the Cosmopolitan and the Wynn, are unlikely to be near-term contributors to the broader lodging industry's recovery, as Fitch Ratings forecasts weakness across the premium hotel segment. The research firm says the domestic lodging group's...
Hong Kong Chief Executive Carrie Lam Wants Travel Restart with Macau
Hong Kong is angling to resume travel with Macau and mainland China, with leaders from the special administrative region (SAR) saying the time is appropriate to do so as coronavirus case counts there continue declining. Chief Executive Carrie Lam said a third...
Penn National Forecasts Q3 EBITDAR Above Estimates, Notes Boffo Bartsool Results
Penn National Gaming (NASDAQ:PENN) told investors late Tuesday third-quarter earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) and revenue will easily top estimates. The company highlighted another strong week of performance by the recently launched Barstool Sportsbook app....
GAN Backend Boost Makes it Top Online Gaming Idea, Says Analyst
Bolstered by soaring demand for gaming services and technology, GAN Ltd. (NASDAQ:GAN) could be a winning idea for investors as the US online casinos and sports betting industries expand, according to a Wall Street analyst. In a recent note to clients, Macquarie...
Penn National, Other Sports Betting Equities Slide After NFL Reveals Titans Coronavirus Cases
Penn National Gaming (NASDAQ:PENN) and other equities with sports betting exposure retreated Tuesday. That's after the NFL confirmed three Tennessee Titans players and five members of the team's personnel department tested positive for COVID-19. The team, along with its opponent from last...
BetMGM Overshadowed Sports Betting Player. Analyst Says It Shouldn’t Be.
BetMGM, the sports betting venture of MGM Resorts International (NYSE:MGM) and GVC Holdings Plc (OTC:GMVHF), enjoys the benefit of one of the gaming industry's most recognizable brands. But it's often overlooked relative to other online sports wagering rivals. UBS analyst Robin Farley...
Caesars Warns William Hill on Accepting Apollo Bid, Says $3.7 Billion Offer is Adequate
Caesars Entertainment (NASDAQ:CZR) is playing hardball with William Hill (OTC:WIMHY), telling the sportsbook operator that its $3.69 billion takeover offer is sufficient. Caesars says if the UK-based company opts to be acquired by Apollo Global Management (NYSE:APO), the gaming company's US relationship...
