5218 stories by Todd Shriber
MGM Dented by Multiple Downgrades as Analysts See Limited Near-Term Growth Opportunities
Shares of MGM Resorts International (NYSE:MGM) are trading lower Thursday, as the stock contends with several new sell-side assessments, none of which are enthusiastic. Today's analyst action on MGM stock includes two downgrades and a resumption of coverage from Credit Suisse with...
Las Vegas Sands Upgraded as Credit Suisse Sees Operator Gaining Macau Market Share
Las Vegas Sands (NYSE:LVS) is already the largest operator in Macau. But Credit Suisse analyst Ben Combes sees the company increasing its dominance in the world's largest gaming center at the expense of its rivals. In a note to clients earlier Thursday,...
Century Casinos Inks Colorado Online Sports Betting Deal With bet365, Analyst Likes Long-Term Outlook
Century Casinos (NASDAQ:CNTY) is adding to its sports betting offerings in Colorado. It has announced a partnership with bet365 that will see the companies offer offer internet and mobile sports betting in the Centennial State as the sports calendar increases following the...
Penn National Stock Extends Epic Rally as Louisiana, Mississippi Casinos Reopen
Shares of Penn National Gaming (NASDAQ:PENN) are soaring again Wednesday on news that the operator's venues in Louisiana reopened yesterday, while its Mississippi casinos will welcome back gamblers on Thursday. Penn runs 41 casinos in 19 states, including five apiece in Louisiana...
Red Rock Rallies Despite Sagging Earnings, Fertitta Quashes Palms Sale Rumor
Shares of Red Rock Resorts (NASDAQ:RRR) are soaring Wednesday, even after the operator posted first-quarter results that badly missed estimates. That indicates investors are focusing on comments from management confirming that the Palms isn't for sale. The company said it lost $2.18...
Sands Venetian Accepting June 1 Reservations, Palazzo to Follow at Later Date
Las Vegas Sands said today its iconic Venetian integrated resort on the Las Vegas Strip is accepting reservations for June 1. It added that guests visiting the property on that date and going forward can expect amenities similar to what was offered...
Goldman Sachs Becomes First Bank to Not Sweet-Talk DraftKings, Starts Coverage With Neutral Rating
Something unusual is happening with DraftKings (NASDAQ:DKNG) stock Tuesday: a Wall Street bank is picking up coverage of the name, but isn't waxing overtly bullish on the daily fantasy sports (DFS) giant. Earlier today, Stephen Grambling of Goldman Sachs started following DraftKings...
MGM Bolsters Balance Sheet Again, This Time Through $700 Million MGP Stake Sale
Continuing its efforts to firm up its balance sheet, MGM Resorts International (NYSE:MGM) sold $700 million worth of equity in MGM Growth Properties (NYSE: MGP), bringing the Mirage operator's liquidity position to $5.3 billion. Contending with closures of all its domestic gaming...
Hong Kong Working on Electronic Health Certification Aimed at Increasing Travel, Could Aid Macau Rebound
Hong Kong, which serves as a major thoroughfare for gamblers looking to enter Macau, is mulling an electronic health certification program. That would make it more efficient for its citizens to enter Macau and the nearby Guangdong province of mainland China. Currently,...
Melco Pilfers Macau Market Share From Rivals in Tumultuous First Quarter
Melco Resorts & Entertainment (NASDAQ:MLCO) won Macau market share from rivals in the first three months of this year. That's despite what was a volatile period for operators in the world's largest gaming hub. Like other Macau concessionaires, Melco reported dismal first-quarter...
