5082 stories by Todd Shriber
Washington, D.C. Brick-and-Mortar Sportsbooks Pushed Off Until Summer 2021
Mobile sports wagering in Washington, D.C. went live late last month. But it's going to be another year before gamblers can place bets in brick-and-mortar locations. The D.C. Office of Lottery and Gaming is saying retail sports wagering may not take flight...
Macau Mass Market Players Probably Won’t Like Post-Coronavirus Changes, Says Morgan Stanley
When things finally get back to normal in Macau following quarantine protocols and travel bans implemented because of the coronavirus, mass market players may not like what the new normal is, says Morgan Stanley. The world's largest gaming center is still dealing...
Penn National Stung by Dissenting Voice, Analyst Boldly Slaps Hot Stock With ‘Sell’ Rating
Penn National Gaming's (NASDAQ:PENN) scintillating redemption story hit a stumbling block Monday, as an analyst tagged the gaming stock with a “sell” rating and a price forecast that implies significant downside from current levels. In a note to clients today, Deutsche Bank...
MGM Growth Properties Capital Raise Benefits Credit Profile
MGM Growth Properties (NYSE:MGP) last week sold $800 million of senior unsecured notes, a move Moody's Investors Service views as a positive for the real estate company's non-investment grade credit profile. Of the $800 million MGP raised, $790 million will be used...
Resorts World Could Steal High Rollers from Marina Bay Sands as Money Laundering Probe Unfolds
Resorts World Sentosa could pilfer VIP market share from Singapore rival Marina Bay Sands (MBS), as the latter deals with a US Department of Justice (DOJ) inquiry into anti-money laundering violations. News broke last week that the DOJ is probing MBS management's...
DraftKings, FanDuel Lead May Tripling of Sports Betting App Downloads
Downloads of mobile sports wagering applications, including those offered by DraftKings (NASDAQ:DKNG) and FanDuel, more than tripled in May. That's despite limited offerings on the US sports slate, according to new research from Morgan Stanley. In March, the coronavirus pandemic forced the...
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...
