5138 stories by Todd Shriber
William Hill Should Be Viewed as Growth Stock, Says Jefferies Analyst
William Hill (OTC:WIMHY) is trading higher by more than 10 percent Tuesday after Jefferies analyst James Wheatcroft lifted his price target on the British bookmaker's London-listed shares to 330 pence from 305 pence. The price is more than double where the stock...
Boyd Gaming Eldorado Casino Will Remain Shuttered Through June 2021
Boyd Gaming's Eldorado Casino in Henderson, Nev. will remain closed through June 2021, after the company requested a non-operational license from the city council. Boyd operates 29 casinos in 10 states, including a dozen in Las Vegas. Between May 20 and July...
Macau Operators Eyeing Imminent Break-Even as China Travel Controls Loosen
Break-even, on earnings before interest, taxes, depreciation and amortization (EBITDA) basis, is beckoning for Macau's six concessionaires. That's as China resumes issuing tourist visas for entry into the world's largest casino center. In a new research report, Bernstein says Macau operators could...
GAN Giddiness: Investors Go Gaga for Betting Software Stock on Cordish News
Gaming technology provider GAN Ltd. (NASDAQ:GAN) is trading higher by more than nine percent Monday. That's after the company said the "PlayLive!" online gaming business, developed in partnership with Cordish Gaming Group, is operational in Pennsylvania. Making today's move in GAN stock...
DraftKings Earns Analyst Support on New Product Offerings, Fuller Sports Slate
DraftKings (NASDAQ:DKNG) rallied Monday, clawing back some of last Friday's losses after analysts stepped up in support of the sportsbook operator's shares. They cited new product launches and data confirming pent-up demand for sports wagering. In a note to clients today, Canaccord...
Sands Should Benefit as Macau Recovers Faster Than Other Gaming Markets
Macau is likely to recover from the ill effects of the coronavirus pandemic more rapidly than Las Vegas and Singapore, according to Fitch Ratings. That could be to the benefit of Las Vegas Sands (NYSE: LVS), the largest operator in the special...
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....
