4348 stories by Todd Shriber
Las Vegas Sands Credit Rating Could Be Hindered by Shareholder Rewards
Las Vegas Sands’ (NYSE: LVS) shareholder rewards efforts, including buybacks and dividends, could be headwinds to a credit ratings upgrade, according to Moody’s Investors Service. In reiterating a “Baa3” rating with a “stable” outlook on the casino operator, Moody’s said it expects...
Flutter Aims to Move Primary Share Listing to NYSE Later This Year
Flutter Entertainment (NYSE: FLUT), the parent of FanDuel, is looking to move its primary share listing to the New York Stock Exchange (NYSE) by the end of 2024 in a bid to attract more retail investors. The news surfaced barely more than...
DraftKings Leads Bank Sports Betting Survey, ESPN Bet Surprises
A recent survey on consumers’ iGaming and online sports betting habits conducted by Truist Securities indicates users have a preference for DraftKings (NASDAQ: DKNG). DraftKings and Flutter Entertainment’s (NYSE: FLUT) FanDuel have carved out an enviable duopoly in the US sports wagering...
Genius Sports Dubbed Top Small-Cap Betting Idea by Oppenheimer
Amid a month-long slump that’s seen the stock shed 24.2% and enter a bear market along the way, it would be easy to be dismissive of Genius Sports (NYSE: GENI), but at least one analyst believes investors should consider a different view....
UFC Parent Endeavor Going Private in $13B Deal with Silver Lake
Endeavor Group Holdings, Inc. (NYSE: EDR) is being taken private by venture capital firm Silver Lake in a transaction valuing the target at $27.50 a share, or an equity value of $13 billion. Silver Lake, which owns 71% of the voting stock...
Bally’s Investor Urges Against Takeover Bid, Suggests Alternatives for Chicago Casino
K&F Growth Capital, which is one of the largest Bally’s (NYSE: BALY) shareholders, sent a letter to the company’s board of directors on Tuesday urging it to reject a recently proposed takeover bid and to mull alternatives for large-scale projects, including a...
Bally’s Hit with Another Credit Rating Downgrade
Bally’s (NYSE: BALY) accomplished a dubious trifecta as its credit rating has been lowered by a third major ratings agency. On Monday, Fitch Ratings downgraded the regional casino operator’s credit grade to “B” from “B+”, citing increasing leverage. The research firm has...
Queens Casino Has Limited Support, According to Ramos Poll
There’s scant appetite for a casino in Queens, New York, according to a poll conducted at the request of New York State Sen. Jessica Ramos, the Democrat who represents a portion of the borough. Ramos recently said that she wanted more insight...
Caesars Stock Can Shed Laggard Status
Shares of Caesars Entertainment (NASDAQ: CZR) are lower by 5.4% year to date. That’s a far cry from the gains notched by the S&P 500, the VanEck Gaming ETF (NYSEARCA: BJK), and the broader consumer discretionary sector. On the other hand, the...
Red Rock Resorts Stock Primed for Upside, Says Analyst
Shares of Red Rock Resorts (NASDAQ: RRR) are on a blistering pace to start 2024 as highlighted by a first-quarter gain of 17.3%, outpacing a slew of small-cap indexes of which the stock is a member. Some analysts believe there’s more upside...
