5139 stories by Todd Shriber
Caesars Tops Analyst List of Virus Vaccine Gaming Equity Ideas
As is the case with so many gaming operators with deep ties to the Las Vegas Strip, the near-term fortunes of Caesars Entertainment (NASDAQ:CZR) and its investors are correlated to advancements on the coronavirus vaccine front. In a new note to clients,...
Nevada Gross Gaming Revenue Jumps to $756.7 Million in July, Improvement Over June Tally
Silver State gaming venues won $756.79 million in July, a 26.16 percent decline from the $1.02 billion won in July 2019, according to figures released today by the Nevada Gaming Control Board (NGCB). While the July haul was a year-over-year decline for...
DraftKings Soars as Illinois Again Nixes In-Person Sports Betting Registration
DraftKings (NASDAQ:DKNG) stock is higher by more than nine percent in late trading. That's as analysts are highlighting the benefits of Illinois Gov. J.B. Pritzker's (D) recent decision to again temporarily eliminate in-person registration for online sports wagering accounts in the state....
Macau Still Waiting on IVS Benefit to Materialize, August GGR Likely Bleak
Earlier this month, the city of Zhuhai in Guangdong province started reissuing tourist visas, a move widely expected to lift the fortunes of Macau's ailing gaming industry. But there's yet to be much positive impact from that decision. As such, analysts are...
Twin River Planning Layoffs of More Than 1,300 Rhode Island Workers
Twin River Worldwide Holdings (TRWH) is poised to lay off more than 1,300 employees at its two Rhode Island casinos. It joins a growing list of gaming companies operating with significantly reduced headcount amid the coronavirus pandemic. The affected staff are currently...
Vegas Dave, Controversial Handicapper, Wins Big on Mike Trout Baseball Card
Dave Oancea, the oft-derided sports handicapper, bet big and won on a baseball card. To be specific, the heavily criticized quasi-celebrity sports bettor sold a rare Mike Trout rookie card for $3.93 million after purchasing it for $400,000 in 2018. After fetching...
Churchill Downs Suffers Derby Downgrade, Analyst Cites No Fans Announcement
Shares of Churchill Downs (NASDAQ:CHDN) are trading lower Monday after Susquehanna analyst Joseph Stauff downgraded the name following the announcement that the Kentucky Derby will be run without fans in the stands. After the close of US markets last Friday, the company...
Fox Corp. Soars After Analyst Says Sports Betting Exposure Is Under-Appreciated
Shares of broadcaster Fox Corp. (NASDAQ:FOXA) surged Monday after MoffettNathanson analyst Michael Nathanson said financial markets are overlooking the company's increasing exposure to the burgeoning US sports betting industry. Nathanson reiterated a “buy” rating on the name while lifting his price target...
Asian American Entertainment $12 Billion Suit Against Las Vegas Sands Delayed Again
The Macau Judicial Court granted a motion filed by Las Vegas Sands (LVS) seeking to reschedule the trial date for Asian American Entertainment Corp.'s (AAEC) $12 billion suit against the US-based gaming giant. Citing “travel disruptions and other extraordinary circumstances” stemming from...
Wynn Resorts Doling out $14.5 Million in Stock to Retain Execs, Other High-Level Employees
Wynn Resorts (NASDAQ:WYNN) said the compensation committee of its board of directors signed off on issuing 176,247 shares of stock to retain 240 employees, including named executives through the end of this year and well into 2021. The Encore operator revealed the...
