4480 stories by Todd Shriber
Las Vegas Grand Prix Could Double 2024 Super Bowl Economic Impact
Formula 1’s return to Las Vegas will be a major job creator and add more than $1 billion to the local economy, likely doubling the impact of the 2024 Super Bowl. The Las Vegas Grand Prix, scheduled for November 18, could generate...
DraftKings Poised for 2023 Beats, But Caution Warranted
DraftKings (NASDAQ:DKNG) stock is tracking other gaming equities in the early stages of 2023. But some on the sell side, while acknowledging a catalyst-rich story, are neutral on the online sportsbook operator. In a note to clients late Monday, Stifel analyst Jeffrey...
Sands, Wynn Among US Beneficiaries of China Reopening, Says Goldman Sachs
China’s economy -- the world’s second-largest -- is emerging from the adverse effects of the country’s long-running zero-COVID policies and there are obvious benefits for US-based companies doing business there. Among the American companies most tethered to China’s economic recovery are casino...
Aristocrat Leisure Could Pursue Prudent Acquisition Strategy
Slot machine behemoth Aristocrat Leisure Ltd. could pursue acquisitions as an avenue for boosting gaming device market share or adding to its flourishing digital business. That's according to Fitch Ratings, which recently affirmed the Australian company’s credit rating at “BBB-" with a...
Caesars Surges Following Preliminary Q4 Earnings Glimpse
Shares of Caesars Entertainment (NASDAQ: CZR) popped early Monday. That's after the casino operator delivered a bullish, advanced look at its fourth-quarter earnings. The company said it expects revenue for the December quarter to come in at $2.81 billion to $2.83 billion,...
Vornado Could Eye Madison Square Garden Area for New York Casino
Vornado Realty Trust (NYSE:VNO) could be the latest big name to enter the New York City casino competition and may be evaluating a site near Madison Square Garden and Penn Station for a gaming venue. The New York Post reported earlier today...
Playtika Bid for Angry Birds Maker Criticized by BTIG Analyst
Playtika’s (NASDAQ:PLTK) upped offer for Angry Birds producer Rovio Entertainment Corporation drew criticism from an analyst that covers the suitor. In a note to clients today, BTIG analyst Clark Lampen called Playtika’s increased bid “perplexing.” That's when accounting for its $600 million...
Fanatics Reportedly in Discussions to Buy BetParx
Fanatics is reportedly in talks to acquire BetParx in an effort to speed its ascent in the US sports wagering space. A letter of intent between the two sides may have been signed. Citing unidentified sources with knowledge of the matter, CNBC...
MGM Could Revisit Entain Takeover Following UK Whitepaper Release
The highly anticipated release of the UK government’s Gambling Act whitepaper could set the stage for MGM Resorts International (NYSE: MGM) to revisit a takeover of Entain Plc (OTC: GMVHY). Shares of the Ladbrokes owner rallied in London and gained almost 4%...
Las Vegas Sands Could Deliver Q4 Earnings Surprise
Fourth-quarter earnings season is ramping up and Las Vegas Sands (NYSE: LVS), the largest casino operator by market capitalization, steps into the earnings confessional on Wednesday, January 25. Some analysts believe the Venetian Macau operator could deliver a positive surprise on its...
