4480 stories by Todd Shriber
DraftKings Stock not Getting Credit it Deserves, Says Citi Analyst
Coming off a 13.55% loss this week that extends its year-to-date slide to 54%, DraftKings stock is undoubtedly frustrating investors. One analyst sees opportunity amidst the carnage. In a note to clients today, Citi analyst Jason Bazinet said markets aren’t giving the...
Macau Stocks Due for Pullback Following Scintillating Run
Macau gaming stocks, including Sands China and Wynn Macau, look primed for a retreat following a blistering pace set amid a recent spate of good news. A Bloomberg index of the six concessionaires surged 60% over the past three weeks, or six...
Ex-Gov. Rick Perry Bullish on Texas Mobile Sports Betting
Former Gov. Rick Perry (R-TX) is enthusiastic about bring regulated mobile sports wagering to Texas, noting it could add $250 million a year to state coffers. In a recent interview with FOX 7 Austin's Rudy Koski, the former Secretary of Energy said...
Chicago City Council Approves Bally’s Casino Project
Bally’s scored a major victory Wednesday when the Chicago City Council overwhelmingly approved the company’s plans to bring a $1.7 billion casino-hotel to the site of the Chicago Tribune Freedom Center printing plant. The City Council voted 39-5 in favor of making...
Bet on Gaming Holdings Surprise Entrant in New York Casino Competition
The already teeming fray for a third downstate casino license in New York has a new competitor with the entry of Bet on Gaming Holdings. The privately held, minority-owned firm announced Thursday it created an investment fund to participate in the bidding...
MGM Resorts Lauded for Climate Change, Water Security Efforts
MGM Resorts International earned praise from a major environmental protection organization for its efforts to combat climate change and bolster water security. In the 2022 report on climate change and water security published by global environmental nonprofit CDP, MGM placed on the...
Horseshoe Casino Brand Returns to Las Vegas
The widely anticipated transition of Bally’s on the Las Vegas Strip will be complete on Thursday. That's when the venue officially takes the Horseshoe name, marking the return of that iconic brand to the US casino mecca. Early this year, Caesars Entertainment...
Caesars, Penn Entertainment Downgraded as BofA Analyst Sees Casino Lethargy
Shares of Caesars Entertainment (NASDAQ: CZR) and Penn Entertainment (NASDAQ: PENN) slipped Wednesday. That's after Bank of America analyst Shaun Kelley downgraded both gaming equities. In a note to clients on Wednesday, Kelley lowered his rating on both casino operators to “neutral”...
Circa Survivor Down to 30 Entries Entering Week 15
It’s week 15 of the 2022 NFL campaign, and just 30 entries remain in the $6.13 million winner-take-all Circa Survivor contest. To put the 30 remaining entries into perspective, there were 6,133 players at the start of the season. Last week, 38...
Standard General Trims Bally’s Stake in Share Sale
Standard General pared its Bally’s position, recently selling 475K shares of the regional casino operator at a price of $22.60. A Form 4 filing with the Securities and Exchange Commission (SEC) confirms the sale and that the hedge fund controlled by Bally’s...
