5215 stories by Todd Shriber
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...
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...
