4509 stories by Todd Shriber
Marina Bay Sands Can Continue Shattering Records, Says Analyst
Marina Bay Sands (MBS) is coming off a quarter in which it generated adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $432 million. But at least one analyst believes the Las Vegas Sands (NYSE: LVS) venue can do even better....
Monarch Casino & Resort Mulling Acquisition Opportunities
Monarch Casino & Resort (NASDAQ: MCRI) is considering opportunities to add to its two-property portfolio via acquisition. Cochairman and CEO John Farahi commented to that effect in the company’s second-quarter earnings press release, published on Wednesday after the close of U.S. markets....
Las Vegas Sands Has Catalysts, Momentum, Says Analyst
Las Vegas Sands (NYSE: LVS) stock still has fans on Wall Street. But it’s trading lower today following a solid second-quarter earnings report delivered late Wednesday Those include Stifel analyst Steven Wieczynski, who in a note to clients, reiterated a “buy” rating...
PlayAGS Could Be Potent Play on Slot Machine Boom
Shares of PlayAGS (NYSE: AGS) are up 30.37% year to date, good for one of the better showings among small-cap gaming equities. Some analysts believe the slot machine manufacturer has more upside ahead of it. In a note to clients earlier this...
Las Vegas Sands Reinstates Dividend, Tops Q2 Forecasts
Las Vegas Sands (NYSE: LVS) provided a positive surprise to investors today as the largest casino operator by market capitalization said it will reinstate its quarterly dividend. The payout had been suspended for more than three years as the gaming company sought...
MGM Resorts Named to Black Enterprise DEI List
MGM Resorts International was named to Black Enterprise’s list of the “Best Companies for Diversity, Equity & Inclusion (DEI)” for 2023. The Bellagio operator is one of 60 companies in the rankings and the only casino operator that’s part of the group....
Resorts World Las Vegas Gets Lowest Investment Grade Rating at Fitch
Fitch Ratings tagged Resorts World Las Vegas with a “BBB-“ credit rating, the lowest on the investment-grade spectrum. That’s one notch below the research firm’s “BBB” grade on Resorts World Las Vegas parent company Genting Bhd. Fitch notes the Strip venue is...
Caesars Regional Casinos Could Boost Stock, Says Analyst
Caesars Entertainment (NASDAQ: CZR) is the second-largest operator on the Las Vegas Strip. But the company’s extensive portfolio of regional casinos could be fuel for more upside in the stock. That’s the take of JPMorgan analyst Joseph Greff. In a new note...
Macau July Gross Gaming Revenue Could Be Best Since Start of COVID-19
Even with typhoon warnings acting as a headwind, Macau casino operators posted strong gross gaming revenue (GGR) through the first 16 days of July. That is positioning this month to be the best in GGR terms since the start of the coronavirus...
PlayUp Could Depart US Market as it Scrambles for Cash
Australian sportsbook operator PlayUp may consider departing the U.S. sports wagering market. That's as the company struggles to find a buyer and faces a need to raise capital. Currently, PlayUp offers mobile sports betting in Colorado and New Jersey, confirming its bit...
