4482 stories by Todd Shriber
Caesars Sees $25M F1 Cash Flow Boost, Might Drop Two Sports Betting Deals
Caesars Entertainment (NASDAQ: CZR) forecast a $25 million cash flow increase from the Las Vegas Grand Prix in November. The operator could drop two of its three marquee sports wagering sponsorship deals in a bid to cut costs. In a new note...
Strip Venue Likely to Hit Market this Year, Says Analyst – But Not Caesars
A Las Vegas Strip casino resort is likely to hit the auction block this year, and it won’t be one of the venues currently operated by Caesars Entertainment (NASDAQ: CZR). Nor will the Horseshoe operator look to add its already robust Strip...
VICI Properties Revered on Wall Street
VICI Properties (NYSE: VICI) is saddled with a modest year-to-date loss. But the dominant owner of casino real estate continues attracting a crowd on Wall Street. More than 83% of the analysts covering the Caesars Palace owner have the equivalent of a...
Macau Labor Shortage Could Dampen Gaming Recovery
To this point in 2023, the biggest story in the gaming industry is Macau’s resurgence -- one that could be slowed by a shallow labor pool. Following three years of temporary shutdowns and scant business, the special administrative region (SAR) reopened in...
Cathie Wood Dumps 294K DraftKings Shares
In one of its largest sales of the stock since building its stake in the gaming company more than three years ago, Cathie Wood’s ARK Investment Management sold more than 294K shares of DraftKings (NASDAQ: DKNG) on Tuesday. To be precise, the...
Caesars Returns Tropicana Brand to New Jersey Online Casino Market
Caesars Entertainment announced today it is relaunching the Tropicana Online Casino in the state of New Jersey, breathing new life into the internet version of one of the state’s most iconic land-based gaming venues. The desktop version of Tropicana Online Casino is...
Gulf Coast Casinos Steady Amid Macro Headwinds, Says Analyst
The Gulf Coast casino market, which consists primarily of Louisiana and Mississippi venues, is holding up relatively against a challenging macroeconomic backdrop. That’s the take of Truist Securities analyst Barry Jonas, who recently visited casinos in the Louisiana markets of Baton Rouge,...
Black Hawk a Casino Market to Be Bullish On, Analyst Says
The population of Black Hawk, Colo. is just 128, less than half what it was in 1999. But the casino market in the town located about 35 miles west of Denver is flourishing. While it’s the smallest town in Colorado, Black Hawk...
Las Vegas Sands Credit Outlook Lifted to Stable by Moody’s
In what could be an indication a return to investment-grade territory is looming, the credit rating outlook of Las Vegas Sands (NYSE: LVS) was recently lifted to “stable” from “negative” by Moody’s Investors Service. The research firm maintained a “Baa3” rating on...
PlayAGS Stock Inexpensive Despite Attractive 2023 Outlook
PlayAGS (NYSE: AGS) stock entered Tuesday with a year-to-date gain of 43.14% -- good for one of the best performances in the gaming equipment space -- but some analysts believe the shares could generate more upside over the course of 2023. Following...
