5139 stories by Todd Shriber
DraftKings Lands More Bullish Coverage, This Time with Highest Price Target to Date
DraftKings (NASDAQ:DKNG) is in its eighth day of life as a public company, and it's already netted a trio of bullish analyst commentaries. On Tuesday, Canaccord Genuity analyst Michael Graham joined the party, starting coverage on the sportsbook operator with a “buy”...
SBTech Founder Shalom McKenzie, Major DraftKings Shareholder, Takes Board Seat
SBTech founder and majority shareholder Shalom McKenzie is flexing some muscle as the largest holder of newly public DraftKings (NASDAQ:DKNG) common equity, taking a board seat at the daily fantasy sports (DFS) and sportsbook operator. McKenzie's SBTech, a provider of sports wagering...
Clark County Makes Coronavirus Tests Available at Orleans Casino
In partnership with University Medical Center (UMC), the Clark County Commission is offering drive-thru coronavirus testing at the Orleans Casino on Tuesday, May 5 and Wednesday, May 6. Located at 4500 West Tropicana Ave., the Orleans is owned by Boyd Gaming, and...
Vici Properties Offers Value Among Gaming REITs, Significant Upside Potential, Says Analyst
Vici Properties (NYSE:VICI) is lower by 35.19 percent year-to-date, a drubbing one analyst believes may have been created overly negative expectations levied against the real estate company in the wake of coronavirus gaming venue closures. Shares of the gaming real estate investment...
Eldorado Could Need Leveraged Loan Market to Thaw to Get Caesars Deal Done
Eldorado Resorts (NASDAQ:ERI) is aiming to have its $17.3 billion takeover of rival Caesars Entertainment (NASDAQ:CZR) wrapped sometime in June. But it could need the leveraged loan market to thaw to get the acquisition across the finish line. Leveraged loans are extended...
MGM Analysts Divided on Stock as Executive Upheaval Continues
On Friday, a day after MGM Resorts International (NYSE:MGM) reported a first-quarter loss of 45 cents per share on a precipitous 29 percent drop in revenue, investors were treated to a nearly 11 percent slide in the stock price, division among Wall...
Macau Experiences April Showers as Gaming Revenue Plunges 97 Percent
Gross gaming revenue (GGR) in the gambling enclave of Macau tumbled 96.8 percent in April. That's as travel controls implemented to stem the spread of the coronavirus continue weighing on the Special Administrative Region's (SAR) casino-driven economy, In the fourth month of...
Disney Holds Six Percent DraftKings Stake, Viewed as Passive Investor for Now
Walt Disney (NYSE:DIS) owns six percent of newly public DraftKings (NASDAQ:DKNG), but the entertainment giant's stake in the sportsbook operator is viewed as passive for the time being. A recent Schedule 13G filing with the Securities and Exchange Commission (SEC) made by...
MGM Earnings Sag on Virus Woes, Company Slashes Dividend by 98 Percent, Sees Bellagio Among First Reopenings
MGM Resorts International's (NYSE:MGM) first-quarter earnings drastically slid, as temporary closures and travel controls forced by the coronavirus stoked a 29.2 percent year-over-year decline in revenue. But the company did provide some clarity on which of its Las Vegas Strip venues will...
Twin River Finds Another $275 Million in Financing, Firms Balance Sheet for Recent Deals
Twin River Worldwide Holdings (NYSE:TRWH) is expanding its bank loan capacity by $275 million, bringing more cash onto its balance sheet to finance a series of recently announced acquisitions. The gaming company said it expects to be funded on May 11. The...
