4982 stories by Todd Shriber
Red Rock Could Get Back to Basics, Potentially Benefiting Investors, Says Analyst
Shares of Red Rock Resorts (NASDAQ:RRR) are slumping today after the gaming operator revealed a murky outlook for four of its still closed Southern Nevada properties. But one analyst sees opportunity with the stock should management opt to return the company to...
Wynn Sports App Quietly Goes Live in Increasingly Competitive New Jersey Market
Wynn Sports, a unit of Wynn Resorts (NASDAQ:WYNN), is live with a mobile sports wagering application in New Jersey, becoming the 18th sports betting app in the Garden State. The app debuted Tuesday following a five-day “soft launch” period required by the...
Station Casinos Closed Properties, Including Palms, Fate Up in the Air
It's not clear when, or even if, the four Station Casino properties in Las Vegas that are currently closed will reopen. That's the sentiment of high-ranking executives from Red Rock Resorts (NASDAQ:RRR), the parent company of Station Casinos, regarding the Fiesta Henderson,...
Wynn Whiffs on Q2 Earnings as Operating Revenue Declines Almost 95 Percent
Wynn Resorts (NASDAQ:WYNN) said its second-quarter operating revenue dropped 94 percent to $85.7 million, down from $1.66 billion a year earlier. The gaming operator joined a growing list of companies reporting dismal numbers for the April through June stretch because of the...
William Hill Rallies Ahead of Earnings as Investors Bet on Bullish US Commentary
William Hill's (OTC:WIMHY) US-listed shares are higher by 9.32 percent in midday trading Tuesday, soaring in advance of the company's Wednesday earnings update. Analysts and investors wager the bookmaker will deliver encouraging commentary about July betting trends and the US market. The...
DraftKings Short Sellers Fate Hinges on Major League Baseball Coronavirus Wranglings
DraftKings (NASDAQ:DKNG) stock remains a favored target of short sellers. The fate of their bearish bets against the sportsbook operator's shares could reside largely with Major League Baseball (MLB). The equity posted a modest July loss. But the retrenchment accelerated in the...
Wynn Shutters Yokohama Office as Pandemic Delays Licensing Efforts, Maintains Interest in Japan
Wynn Resorts (NASDAQ:WYNN) says its closing its Yokohama office, citing delays in the Japan integrated resort licensing process. But the company claims it remains interested in the Land of the Rising Sun. The news emerges less than three months after rival Las...
IGT Stock Soars on Expanded Deal with FanDuel
Shares of International Game Technology Plc (NYSE:IGT) are higher by more than eight percent, putting the stock on pace for its best intraday performance in over a month after the company announced an extensive deal with FanDuel. Under the terms of the...
Macau July GGR Plunges 94.5 Percent, Still An Improvement Over June Decline
Gross gaming revenue (GGR) in the special administrative region (SAR) of Macau tumbled 94.5 percent to $167.8 million last month. That extends a multi-month streak of declines in excess of 90 percent in the world's largest casino center. Analysts expected a July...
VICI Steady Hand Among Gaming REITs, Dividend Hike Could be Coming, Says Analyst
VICI Properties (NYSE:VICI) reported second-quarter results on Wednesday that narrowly beat Wall Street forecasts. That prompted one analyst to say the Caesars Palace owner exhibits “stability in the midst of uncertainty.” The gaming real estate investment trust (REIT) said it collected 100...
