5253 stories by Todd Shriber
Caesars, MGM to Benefit from 2026 Middle-Income Rebound, Says Goldman Sachs
Two casino stocks are among nearly 40 stocks Goldman Sachs sees rebounding in 2026 as middle-income consumers bounce back The Las Vegas duo have struggled this year Bank sees steadier macroeconomic backdrop supporting consumer cyclical names It’s been a disappointing year for...
Wynn Price Targets Lifted on UAE Casino Opportunities
Analysts boost Wynn price target following UAE investor day One analyst says UAE casino resort could be worth $21 a share to stock price Calls Wynn UAE setup “compelling” Following its analyst tour/investor day in the United Arab Emirates (UAE) last week,...
Bet365 Promo Spending Soars in Reach for US Market Share
Bet365's sports betting promotional spending is soaring while rivals pull back Company’s promo spending as percentage of GGR is highest in the US Operator is attempting to gain market share in this country At a time when rivals are reining in online...
Accel Entertainment Balance Sheet Lauded, Shares Undervalued, Says Analyst
Analyst initiates coverage of distributed gaming company with bullish views Price target implies upside of more than 20% Shares are undervalued, says analyst Shares of distributed gaming company Accel Entertainment (NYSE: ACEL) are down slightly this year, but at least one analyst...
Venetian Pacing Toward Record Year Amid Las Vegas Tourism Slump
Another example of casinos that cater to high-end customers finding success as mid-tier venues struggle Venetian CEO Nichols says a “deep dive” on fees, costs is being conducted Property is operated by Apollo Global Management The Venetian Resort Las Vegas is pacing...
Vora Claps Back at Penn Committee, Says it ‘Lacked Rational Basis’
Hedge fund takes issue with findings of Penn special legal committee That committee found Penn’s move to reduce board size didn’t violate any rules Vora say it wasn’t consulted when committee was created HG Vora, the hedge fund with a long-running legal...
Wynn Sees UAE Casino Stoking Tourism Boom, Demand Outpacing Supply
Wynn says $3.4 billion of the UAE casino hotel’s $5.1 billion budget is spent or bought out Company sees resort stoking tourism surge with demand outpacing room supply Operator estimates Wynn Al Marjan Island will open in Q1 2027 Wynn Resorts (NASDAQ:...
Cipriani Files Civil RICO Case Against Resorts World Las Vegas, a Rarity in Casino Industry
Cipriani and a co-plaintiff allege Resorts World Las Vegas knowingly allowed criminals to launder money there Plaintiffs believe the casino resort suffers top down rot in leadership, including parent company Genting Former executive Scott Sibella among named defendants High stakes gambler R.J....
Fanatics Beats DraftKings, FanDuel to Prediction Markets Punch, Goes Live in 10 States
Fanatics Markets went live in 10 states today That number will eventually grow to 24 and include California and Texas Company is partnering with Crypto.com Fanatics Markets, that company’s prediction markets platform, went live in 10 states on Wednesday, beating rivals DraftKings...
Penn Justified in Reducing Board Size, Says Legal Committee; Vora Wanted to Sell Company
Legal committee says casino operator made “informed” decision to reduce board size That move resulted in a lawsuit by hedge fund HG Vora The special litigation committee is independent A special litigation committee formed by Penn Entertainment’s (NASDAQ: PENN) board of directors...
