4505 stories by Todd Shriber
Light & Wonder to Reunite with SciPlay Following Boosted Takeover Bid
Light & Wonder (NASDAQ: LNW) said Tuesday that it's reuniting with SciPlay (NASDAQ: SCPL), the social casino developer spun off from the former in 2019. In conjunction with the companies’ second-quarter earnings reports, Light & Wonder announced it reached an agreement to...
Macau GGR Could Hit 90% of Pre-COVID Levels in 2023, Fully Recover Next Year
Macau’s 2023 gross gaming revenue (GGR) recovery is so sturdy that the metric could approach 90% of pre-coronavirus levels. That’s the take of S&P Global Ratings, which has boosted its outlook for Macau gaming revenue multiple times since the start of 2023....
MGM Bonds Steady Income-Generating Ideas
Corporate bonds issued by MGM Resorts International (NYSE: MGM) carry junk ratings, but the casino giant has the ability to service that debt. The Bellagio operator recently reported impressive second-quarter results and noted that BetMGM was profitable in that period with the...
Caesars Entertainment Among Hedge Funds’ Favorite Stocks
Shares of Caesars Entertainment (NASDAQ: CZR) are higher by 36.45% year to date, and that’s good news for all investors, including the slew of hedge funds that are long on the stock. Recent data released to clients by Bank of America indicates...
Bally’s Could Mull Sale of Online Sports Wagering Unit
Bally’s (NYSE: BALY) Bally Bet arm, which includes the operator’s portfolio of iGaming and online sports wagering assets, could consider a sale of the sports betting segment. That rumor recently appeared in a post on the Off Shore Gaming Association (OSGA) blog....
Bally’s Postpones Temporary Chicago Casino Debut to September
Bally’s (NYSE: BALY) is again delaying the debut of its temporary Chicago casino, telling analysts and investors the venue is projected to open its doors in September. The Rhode Island-based regional casino operator made that announcement in conjunction with its second-quarter earnings...
Red Rock Eyes Nov. 20 Debut for Durango Casino
Red Rock Resorts (NASDAQ: RRR) said it’s targeting Nov. 20 as the grand opening date of the Durango Casino & Resort in Southwest Las Vegas. The operator recently tested external lighting and signage at the venue, stoking speculation that the timeline to...
DraftKings Notches First Profitable Quarter, Could Repeat Feat in Q4
Shares of DraftKings (NASDAQ: DKNG) spiked in Thursday’s after-hours trading session after the online sportsbook operator delivered its first profitable quarter as a public company. The Boston-based company said its non-generally accepted accounting principles (non-GAAP) earnings per share in the second quarter...
FanDuel, DraftKings, Bet365 Leading Apps for In-Game Betting
When it comes to in-game or live betting in the US, three sportsbook operators are separating themselves from the pack: FanDuel, DraftKings, and Bet365. That's according to new rankings released Thursday by research firm Eilers & Krejcik Gaming (EKG). Secret shoppers employed...
Okada Manila Parent Calls 26 Capital Allegations ‘Absurd,’ ‘Desperate’
Universal Entertainment, the parent company of Okada Manila, responded to allegations levied against it by 26 Capital (NASDAQ: ADER), calling the remarks made in a pretrial brief “absurd” and “desperate” efforts to distract from ongoing legal proceedings. 26 Capital is the special...
