5448 stories by Todd Shriber
MGM Stock Faces Challenges, Still Attractive Long-Term Growth Story, Says Analyst
Shares of MGM Resorts International (NYSE: MGM) are down 11.32% year to date. That’s a dour showing relative to the gains of 20.8% and 12.3%, respectively posted by the S&P 500 and the S&P Consumer Discretionary Select Sector index -- gauges in...
Sphere Entertainment Stock Surges on Upgrade
Shares of Sphere Entertainment (NYSE: SPHR) soared Wednesday after Wolfe Research upgraded the operator of the Las Vegas entertainment venue. The stock closed higher by 7.25% on volume that was nearly double the daily average after Wolfe boosted its rating to "outperform"...
Gaming Execs Expect Decline in Consumer Activity, Reduced Hiring
Gaming executives are constructive on current conditions in the industry, but more subdued in their outlooks for the next couple of quarters with some forecasting retrenchment in consumer spending. In the latest edition of the American Gaming Association’s (AGA) Gaming Industry Outlook,...
bet365 Debuts Denver HQ, Plans to Fill 1,000 Jobs
bet365 has selected Denver as its US headquarters and plans to hire nearly 1,000 people in the years ahead in Colorado’s largest city. The UK-based gaming giant already has an office in Denver where about 50 people are employed, but its official...
Churchill Downs Could Be Boosted by New Derby Projects
Shares of Churchill Downs (NASDAQ: CHDN) could get a lift from the operator’s plans to continue improving its namesake Kentucky racetrack in advance of the Kentucky Derby next May. Truist Securities analyst Barry Jonas recently met with Churchill executives at the storied...
NY Regulator Monitoring Resorts World, Wynn Legal Situations
Resorts World Las Vegas and Wynn Las Vegas recently dealt with legal issues in the US gaming hub and that’s not lost on regulators in New York where the operators of those venues are vying for downstate casino licenses. At a meeting...
Wynn Resorts Stock Extends Rally on Morgan Stanley Upgrade
Wynn Resorts (NASDAQ: WYNN) stock today extended its torrid weekly pace, surging on the back of an upgrade by Morgan Stanley. In a new report to clients, analyst Stephen Grambling boosted his rating on Wynn to “outperform” from “equal-weight” while lifting his...
UNLV Turns Away Circa Offer to Keep QB Sluka at School
The University of Nevada-Las Vegas (UNLV) rebuffed a $100,000offer from Circa Resort & Casino to keep quarterback Matthew Sluka at the school. On Wednesday, Sluka announced that he’s going to sit out the remainder of the 2024, redshirt, and look to transfer...
FanDuel Bullishness Boosts DraftKings, Too, Say Analysts
They’re direct competitors, but when it comes to FanDuel parent Flutter Entertainment (NYSE: FLUT) and DraftKings (NASDAQ: DKNG), what’s good for one can benefit the other. That was the case Wednesday when Flutter told investors it sees the total addressable market for...
Flutter to Repurchase up to $5B in Stock, Lifts Long-Term FanDuel Outlook
Flutter Entertainment (NYSE: FLUT) introduced medium-term 2027 guidance Wednesday, forecasting better-than-expected growth in North America where its FanDuel unit dominates while telling investors it could repurchase up to $5 billion worth of its shares over the next several years. The Dublin-based gaming...
