5315 stories by Todd Shriber
Caesars New Orleans Could Feel Taylor Swift Effect
Caesars Entertainment’s (NASDAQ: CZR) fourth-quarter financial results could derive benefit with some help from pop star Taylor Swift. In a recent report to clients, JPMorgan analyst Joseph Greff noted the casino operator’s eponymous New Orleans property could be boosted by three dates...
Circa Sports Could Add California to Expansion List
Circa Sports is taking its usual pragmatic, thoughtful approach to expanding into new states, but a surprise jurisdiction is on the company’s radar: California. In an interview with The Las Vegas Review-Journal, Circa co-founder and CEO Derek Stevens said if the Nevada...
Macau Casino Stocks Could Be Boosted by More China Stimulus
Late last month, Macau casino stocks surged after the People’s Bank of China (PBOC) cut interest rates and Beijing announced a new round of stimulus measures targeting select segments of the Chinese population. Earlier this week, those same gaming equities, along with...
NY Gov. Hochul Says She’s Not Helping Steve Cohen’s Queens Casino Bid
A day after a report surfaced that her 2025 budget might include a provision that could potentially help select bidders for downstate casino licenses, including Steve Cohen and Hard Rock International, New York Gov. Kathy Hochul (D) said her budget won’t include...
Wynn UAE Casino to Benefit from Demographics, Taxes, Says JPMorgan
Wynn Resorts' (NASDAQ: WYNN) integrated resort in the United Arab Emirates (UAE) is poised to benefit from attractive demographics and a favorable tax regime, according to JPMorgan analysts. In a new report to clients, analysts led by Joseph Greff noted that Wynn...
Caesars Cash Flow, Debt Reduction Stories Intact, Says Analyst
The ability to boost free cash flow while slashing debt are widely viewed as two of the primary reasons to consider shares of Caesars Entertainment (NASDAQ: CZR). One analyst says those factors are still at play. In a new note to clients,...
Red Rock Stock Could Feel Election Impact, Says Analyst
Shares of Red Rock Resorts (NASDAQ: RRR) have recently scuffled, shedding almost 10% over the past 90 days. That could be the result of weak seasonality stemming from 2024 being a presidential election year. In a new report to clients, Deutsche Bank...
Hard Rock Could Work with DraftKings, FanDuel in Florida
Hard Rock International currently holds a monopoly on regulated sports betting in Florida, but Chairman Jim Allen said the tribal gaming giant could consider working with industry leaders DraftKings (NASDAQ: DKNG) and FanDuel in the state. In an interview with CNBC’s Contessa...
Light & Wonder ‘Dragon Train’ Decline Overdone, Stock Cheap, Says Analyst
Shares of Light & Wonder (NASDAQ: LNW) tumbled last week following a legal ruling pertaining to its “Dragon Train” series of slot machines, but one analyst argues the decline was too much, too soon, and that the stock is undervalued. In a...
Wynn UAE Casino Could Drive $350M in Cash Flow, Says Analyst
Wynn Resorts’ (NASDAQ: WYNN) recently approved casino resort in the United Arab Emirates (UAE) could be a significant contributor to the operator’s long-term free cash flow. In a new report to clients, CBRE Equity Research analyst John DeCree estimates that at maturity,...
