5136 stories by Todd Shriber
Casino Owner Twin River Rapidly Becoming Hedge Fund Favorite
Twin River Worldwide Holdings, Inc. (NYSE:TRWH), the owner of four casinos in three states, became a public company through its acquisition of Dover Downs Gaming & Entertainment, launching an initial public offering (IPO) on the New York Stock Exchange in late March....
Churchill Downs Stock Has Its Own Triple Crown: Insiders, Institutions Love it, Earnings Are Soaring
Up more than 45 percent year-to-date, Churchill Downs Inc. (NASDAQ:CHDN), owner of the eponymous horse racing venue, is one of 2019's best-performing gaming stocks. Several catalysts, including rising ownership among company insiders, indicate the shares could continue rising. High-ranking executives and board...
Eldorado Enthusiasm: Analyst Forecasts Epic Move in Stock After Caesars Deal
In June, Eldorado Resorts, Inc. (NASDAQ:ERI) said it is acquiring Caesars Entertainment Corp.(NASDAQ:CZR) for $17.3 billion, a purchase that is being met mostly with enthusiasm among analysts and investors. While there has been chatter that Eldorado is overpaying for the operator of...
Following Las Vegas Sands Pennsylvania Sale, Expected Windfall Becomes a Trickle For Bethlehem
Bethlehem, Pennsylvania was expecting a windfall of cash when Las Vegas Sands sold its casino there earlier this year to the Poarch Band of Creek Indians. Instead, the town in the eastern part of the state will get a sprinkle, financially speaking....
Analyst Trims Wynn Earnings Estimates, Price Target, But Remains Optimistic
David Katz of Jefferies, one of the most widely followed gaming and leisure analysts on Wall Street, pared earnings estimates and his price target on shares of Wynn Resorts, Ltd. (NASDAQ:WYNN), but remains bullish on the stock. In a recent note provided...
Japan Trade Groups Step up Pressure on Yokohama Mayor as Integrated Resort Opposition Grows
The Yokohama Harbor Transport Association and the Yokohama Harbor Resort Association are intensifying pressure on the city's mayor, Fumiko Hayashi, to oppose an integrated resort in Japan's second-largest city. Ten months ago, Yokohama garnered at least a dozen proposals from casino operators...
Busted Bakersfield Casino Also Had Stolen Firearms, 3,000 Rounds of Ammunition
Sheriffs deputies in Kern County, California raided an unlicensed casino in South Bakersfield Saturday and found much more than just illegal gaming machines. In addition to unearthing an eight-person fish table gaming console and six computer terminals used for unauthorized wagering, police...
US, China Trade Detente Sparks Rally in Shares of Macau Gaming Operators
Buoyed by a strong June gross gaming revenue (GGR) report out of Macau and news that trade tensions between the US and China are thawing, shares of US casino operators with significant China exposure rallied Monday. In midday trading, shares of Las...
Nebraska Petition Could Give Voters Another Shot at Deciding Commercial Gaming Fate
The Winnebago Tribe of Nebraska is behind a petition that, if successful, could give voters there another chance at deciding the fate of casino gaming and that opportunity could arrive on 2020 election year ballots. The tribe, one of two federally recognized...
The Wild West: Wyoming Effort to Form Statewide Gaming Commission Appears Dead
Wyoming lawmakers believe their state has an increasing problem with illegal gaming machines, but efforts to form a regulatory commission to stem the issue before it gets worse are likely to go unaddressed for at least another year. By some estimates, the...
