4982 stories by Todd Shriber
Wynn Macau Sells $750 Million in Debt as Coronavirus Crimps Revenue
Wynn Macau is selling $750 million worth of corporate notes, as the operator continues efforts to bolster its balance sheet with the coronavirus pandemic sapping revenue in the world's largest gaming hub. In a regulatory filing published yesterday, the owner of the...
Flutter, William Hill Earn Bullish Price Revisions, Analyst Cites US Opportunity for UK Gaming Firms
Flutter Entertainment, the parent company of FanDuel, is among the British bookmakers on the receiving end of bullish commentary from Jefferies analyst James Wheatcroft today. In a note to clients, Wheatcroft reiterated “buy” ratings on Flutter, GVC Holdings Plc, Playtech, and William...
Boyd Gaming Eyeing Up to 1,500 Layoffs in Louisiana
Boyd Gaming could lay off as many as 1,500 workers across its five Louisiana venues, according to a notice with the state Gaming Control Board (LGCB). Amid the coronavirus pandemic, Gov. John Bel Edwards ordered Pelican State casinos to close on March...
Penn National Becomes Hit Among Retail Investors as Portnoy Rankles Wall Street Establishment
Since the March 23 market bottom, Penn National Gaming (NASDAQ:PENN) is the best-performing name in a basket of stocks constructed by Goldman Sachs. The collection tracks equities retail investors are growing fond of over the past several months. Shares of the regional...
Wynn Says Macau Unit Losing $2 Million per Day in Q2 with Revenue Down as Much as 97.6 Percent
In a new 8-K filing with the Securities and Exchange Commission (SEC), Wynn Resorts confirms its Macau unit continues struggling in the wake of the coronavirus shutdown. It is losing roughly $2 million per day in the first two months of the...
DraftKings Has Colossal Day at Colonial as 1st-Round Bets Shatter Previous Tournament Records
Before the first day of play concluded at the Charles Schwab Challenge, DraftKings said it booked more wagers than it had any on prior four-round golf tournament. That proves that there really was something to the notion of pent-up demand by bettors...
Las Vegas Sands Positioned to Capitalize on Macau Rebound, Says Analyst
Las Vegas Sands (NYSE:LVS) is still grappling with the effects of the coronavirus in Macau, the company's most important market. But at least one analyst says the operator has the offerings needed to capitalize on a rebound in the world's largest gaming...
FTC Could Approve Eldorado/Caesars Deal Before July, Brokerage Firm Claims
The Federal Trade Commission (FTC) could sign off on Eldorado Resorts Inc.'s (NASDAQ:ERI) $17.3 billion acquisition of rival Caesars Entertainment (NASDAQ:CZR) by the end of this month. That would set the stage for three pivotal state approvals to follow soon thereafter, according...
DraftKings Bandwagon Gets Another Rider as Oppenheimer Starts Coverage With Lofty Target
DraftKings (NASDAQ:DKNG) stock continues garnering support on Wall Street, as Oppenheimer becomes the latest bank to start coverage of the sportsbook operator and daily fantasy sports (DFS) company. They gave it a bullish rating and a price forecast that's well above current...
Twin River Viewed as Solid Long-Term Bet, Analyst Sees Spectacular Upside Potential
Twin River Worldwide Holdings (NYSE:TRWH) is in the midst of a redemption story that's carrying the stock to a more than three-fold gain off its March lows. but one analyst sees more upside on the way for the Rhode Island-based gaming company....
