4982 stories by Todd Shriber
UBS Takes Axe to Macau 2020 Gaming Revenue Estimate, Forecasts 44 Percent Drop
UBS is revising lower its 2020 gross gaming revenue (GGR) forecast for Macau nearly four months after the coronavirus forced a 15-day shutdown of casinos there. In a recent note to clients, UBS analyst Robin Farley projects a 44 percent decline in...
Smarkets SBK App Debuts in Colorado as State Readies for Betting Boom
Smarkets, the company behind the eponymous betting exchange, said its SBK mobile application is making its US debut with a “soft launch” in Colorado, where the firm is partnering with Full House Resorts. Full House operates Bronco Billy’s in Cripple Creek, Colo....
MGM Growth Properties Lauded as Defensive Play on Las Vegas Rebound
MGM Growth Properties (NYSE:MGP), the owner of some of the most famous integrated resorts in Las Vegas, is being hailed as a defensive idea for conservative investors seeking participation in a gaming industry rebound. MGP is a gaming real estate investment trust...
Eldorado Resorts Top Pick for Sport Betting Mania, According to Analyst
Due in large part to DraftKings' (NASDAQ:DKNG) stellar debut as a public company, investors have sports betting fever. But one analyst is saying Eldorado Resorts (NASDAQ:ERI) is the best way to play the US sports wagering boom. DraftKings and Penn National Gaming...
Marina Bay Sands Facing Justice Department Money Laundering Inquiry
The US Department of Justice (DoJ) is reportedly examining anti-money laundering violations at the Marina Bay Sands (MBS) in Singapore. The probe centers around how management at the famed integrated resorts handled accounts of VIP gamblers. Marina Bay Sands Pte Ltd., a...
Eldorado Stock Approaches Highest Levels Since Early March as Nevada Properties Reopen
Eldorado Resorts (NASDAQ:ERI) is setting a blistering pace Thursday, acting as one of the leaders in a broader gaming industry rally. It is trading higher by more than eight percent at this writing on news that its five Nevada casinos are again...
DraftKings Links up With Michigan Tribe, Gets Online Betting Access in Eighth State
Following a two-day pullback, DraftKings (NASDAQ:DKNG) stock found some support Thursday on news the sportsbook operator won approval for online betting in Michigan. The company is partnering with Bay Mills Resort & Casino, a tribal gaming venue, to bring the DraftKings mobile...
Roundhill Investments Breaks New Ground With First Dedicated iGaming, Sports Betting Fund
In the gaming industry, the new frontiers of growth are iGaming and sports wagering. Analysts and investors know this. Among fund issuers, Roundhill Investments is hip to these trends. Today, the issuer is launching the first exchange-traded fund (ETF) focusing on those...
Penn National Powers Higher as Bank of America Anoints it Preferred Gaming Pick
Shares of Penn National Gaming (NASDAQ:PENN) are pushing higher again Wednesday, adding to a rally that's seen the stock more than double over the past month. Some bullish analyst chatter is behind today's move. Bank of America (BoA) gaming analyst Shaun Kelly...
DraftKings Lands Pair of Bullish Price Target Revision as Stock Experiences First Pullback
Analysts just can't seem to help themselves when it comes to DraftKings (NASDAQ:DKNG) stock. The company's been public for about seven weeks and is already earning multiple price target revisions from Wall Street analysts. On Wednesday, Canaccord Genuity analyst Michael Graham reiterated...
