4505 stories by Todd Shriber
Century Casinos Compelling Small-Cap Gaming Stock, Says Analyst
Early Friday, Century Casinos (NASDAQ:CNTY) delivered second-quarter results that slightly beat Wall Street expectations. While that wasn’t enough to prevent a 3% decline by the stock, analysts remain upbeat on the name. In a note to clients, Stifel analyst Jeffrey Stantial says...
Golden Entertainment Stock Underappreciated Story
Golden Entertainment (NASDAQ:GDEN) slid 9.39% today after the Arizona Charlie’s operator reported second-quarter earnings that missed Wall Street estimates. But some analysts remain bullish on the name. The casino operator notched earnings per share of 67 cents during the April through June...
DraftKings Soars on Boosted 2022 Revenue Outlook, Sees Lower EBITDA Loss
DraftKings (NASDAQ:DKNG) soared 9.78% today, ranking as one of Friday’s best-performing gaming stocks. That's after the company boosted its 2022 revenue guidance while trimming its earnings before interest, taxes, depreciation and amortization (EBITDA) forecast. The online sportsbook operator is now projecting 2022...
Bally’s Stock Slumps as Atlantic City Prompts 2022 Estimate Cuts
Bally’s (NYSE:BALY) stock slumped Thursday after the regional casino operator cut 2022 revenue and earnings before interest, taxes, depreciation and amortization (EBITDA) estimates. The company cited weakness at its eponymous Atlantic City venue and foreign currency headwinds. The company is now expecting...
FanDuel Coming to Las Vegas by Way of Boyd Gaming Relationship
It’s not quite what many Nevada sports bettors are hoping for. But the FanDuel brand will be applied to the sportsbook at the downtown Fremont Hotel Casino. Boyd Gaming (NYSE:BYD), which owns that property, will continue managing the sportsbook. The casino operator...
MGM Q2 Las Vegas Revenue Doubles, Buys Back 8% of Stock
Shares of MGM Resorts International (NYSE:MGM) are trading higher in Wednesday’s extended session. That's after the largest operator on the Las Vegas Strip said its Sin City revenue more than doubled to $2.1 billion in the second quarter. The Aria operator’s earnings...
DraftKings Tops Q2 Sports Betting App Testing, Caesars May Unveil VIP Brand
DraftKings topped rival purveyors of online sports betting mobile applications in a research firm’s second-quarter survey of those products, eking out a win against FanDuel. In the most recent edition of its bi-weekly EKG Line report, research firm Eilers & Krejcik Gaming...
Caesars Asset Sale Could Happen in Months, Stock ‘Woefully Undervalued,’ Says Analyst
Caesars Entertainment (NASDAQ:CZR) delivered estimate-beating second-quarter revenue and earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) late Tuesday. Although there wasn’t a specific update on the long-awaited sale of one of its Las Vegas Strip assets, the company’s...
Melco Mulls Macau Headquarters in Bid to Keep Nasdaq Listing
Melco Resorts & Entertainment (NASDAQ:MLCO) is evaluating moving its headquarters to Macau from Hong Kong in an effort to retain its US equity listing. Citing two unidentified sources with knowledge of the matter, the Financial Times reports Lawrence Ho’s casino consortium is...
DraftKings, Wynn Pegged as Winners in Massachusetts Sports Betting, Say Analysts
To the delight of bettors in New England’s largest state, Massachusetts finally passed regulated sports wagering right before the end of its 2022 legislative session. Analysts are already identifying potential winners among operators. Boston-based DraftKings (NASDAQ:DKNG) may have a home field advantage...
