5082 stories by Todd Shriber
Las Vegas Sands Offers Big Upside, Says Deep Knowledge Investing Analyst
For patient investors, Las Vegas Sands (NYSE:LVS) could be one of the better ideas among gaming equities. It offers potentially significant upside over the next several years, according to Gary Brode, founder of Deep Knowledge Investing. In a recent report on the...
Playtech Investor Ader Wants DraftKings to Make an Offer
SpringOwl Asset Management CEO Jason Ader has an idea for DraftKings (NASDAQ:DKNG): acquire Playtech (OTC:PYTCY), a European gaming company in which his investment firm is a major shareholder. Ader made the comments in a Friday interview with Bloomberg, just hours after DraftKings...
Mirage Finally Joining Las Vegas Reopening Party, Taking Reservations for August 27
Just in time for Labor Day weekend, the Mirage on the Las Vegas Strip will reopen for business on Thursday, Aug. 27. MGM Resorts International, the operator of the iconic venue, confirmed the integrated resort is taking reservations for that data, positioning...
DraftKings Tumbles as Q2 Loss Exceeds Estimates, Forecasts Full Year Revenue up to $540 Million
DraftKings (NASDAQ:DKNG) stock is sinking Friday after the sportsbook operator reported a wider-than-expected second-quarter loss. But the company did confirm there's pent-up demand for sports wagering following the coronavirus shutdown and issued a full-year revenue forecast of $500 million to $540 million....
DraftKings Gets Morgan Stanley Endorsement Ahead of Earnings
DraftKings joined the parade of sports betting equities trading higher Thursday, rallying on the back of bullish commentary by Morgan Stanley analyst Thomas Allen. Allen, one of the most noted gaming analysts on Wall Street, raised his third- and fourth-quarter revenue estimates...
Caesars Soars as JPMorgan Sees ‘High-Risk, High-Reward’ Opportunity
In one of the best days in its new form, Caesars Entertainment (NASDAQ:CZR) is higher by nine percent in midday trading. That's after JPMorgan restarted coverage of the gaming company with an “outperform” rating. It's been less than a month since the...
Penn National Pops to New High as Goldman Starts Coverage, Bank Backs Barstool Partnership
Shares of Penn National Gaming (NASDAQ:PENN) are higher by more than seven percent Thursday. The stock raced to a new 52-week high after Goldman Sachs initiated coverage of the gaming company with a “buy” rating. The bank points to multiple layers of...
Gaming, Leisure Industry Epicenter of COVID-19 Credit Downgrades
The hotel, gaming and leisure sector is proving its vulnerabilities to global pandemics, and that's evident in financial market parlance, where the industry suffered more corporate credit downgrades than any other since March. From March 1 through July 31, 62 percent of...
Sports Illustrated Prowling for Betting Partner
Authentic Brands Group (ABG), the owner of Sports Illustrated, is reportedly looking to pair the sports media property with a betting partner. The news was originally reported by the New York Post earlier today, which noted ABG is pushing to strike a...
Macau Concession Renewal Could Extend Beyond 2022
Gaming licenses for Macau's six concessionaires will expire in mid-2022, and conversations about renewing the permits are expected to gain steam next year. But there's a real possibility the process will be delayed. Macau Chief Executive Ho Iat Seng said the priority...
