4499 stories by Todd Shriber
Sands, Wynn Among Goldman’s Top Sharpe Ratio Stocks
Goldman Sachs rebalanced its “high Sharpe Ratio” basket, a group of S&P 500 components with strong risk-adjusted return prospects, and three gaming equities made the cut. That trio is comprised of Las Vegas Sands (NYSE: LVS), MGM Resorts International (NYSE: MGM), and...
Penn Downgraded as Analyst Sees Little Hope of Near-Term Sale
Shares of Penn Entertainment (NASDAQ: PENN) slumped Tuesday after an analyst downgraded the stock, in part citing long odds that the regional casino operator sells itself over the near term. In a note to clients on Tuesday, Raymond James RJ Milligan lowered...
VICI Properties Gets Analyst Nod Ahead of Earnings Update
Shares of VICI Properties (NYSE: VICI) rallied Monday after Jefferies analyst David Katz reiterated a bullish view on the real estate investment trust (REIT) ahead of its second-quarter earnings report. Katz said he and his team updated their models on VICI to...
MGM Acquiring Tipico’s US Sportsbook Operations
MGM Resorts International (NYSE: MGM) announced that it's acquiring the US iGaming and sportsbook operations of Tipico Group. Financial terms of the transaction weren’t revealed. The Las Vegas-based casino giant said its LeoVegas Group unit is the entity acquiring the aforementioned Tipico...
Boyd Overture for Penn Not Surprising, but Deal Unlikely Says Analyst
It’s not surprising that Boyd Gaming (NYSE: BYD) may be mulling a takeover offer for rival Penn Entertainment, but that doesn’t mean a deal will come to fruition. That’s the take of Deutsche Bank analyst Carlo Santarelli, who in a recent report,...
Red Bull in Mix for Las Vegas NBA Franchise
Red Bull GmbH is looking to expand its sports empire and that could reportedly include acquiring a new NBA franchise, potentially in Las Vegas. Unidentified sources close to the matter told Bloomberg that Red Bull is in early talks about buying an...
Penn Brings More Headaches Than Perks to Boyd, Scant ESPN Interest, Say Analysts
Shares of Penn Entertainment (NASDAQ: PENN) were pointed lower late Friday after sell-side analysts revealed diverging views on the likelihood of Boyd Gaming (NYSE: BYD) acquiring the regional casino operator. Speculation about such a marriage had been percolating for weeks and intensified...
Penn Entertainment Pops on Report of $9 Billion Offer by Boyd Gaming
Shares of Penn Entertainment (NASDAQ: PENN) were halted late Thursday and subsequently rallied following a report indicating that Boyd Gaming (NYSE: BYD) may be preparing a takeover bid of more than $9 billion for the regional casino operator. Citing unidentified sources, Reuters...
Full Pull Rolls Out Tractor-Pull Wagering App
Bettors looking for something unique in the world of motorsports may have something to consider with the debut of Full Pull Entertainment’s tractor- and truck-pull betting application. The debut of the Full Pull Picks app provides bettors access to a form of...
Sports Betting Taxes: More Coming, but Not In Illinois Style
Illinois recently passed a graduated tax scheme for online sportsbook companies operating in the state, meaning the largest by revenue will pay significantly more taxes than their smaller counterparts. That tax hike, which goes into effect on July 1, sparked fears of...
