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Wall Street

Sands Corp.

article Las Vegas Sands reportedly looking into US$6 billion sale of Las Vegas assets (10/27/2020)
(Las Vegas) -- US casino giant Las Vegas Sands Corp is in early discussions over a potential sale of its Las Vegas casinos as part of a potential US$6 billion deal that...
1 Article on this Issue

Crown Ltd

article Two directors down, more to follow as Crown shareholders make feelings known at AGM (10/23/2020)
(Macau) -- Crown Resort Chairman Helen Coonan has promised that changes will be made to the company’s Board of Directors after shareholders made their...
1 Article on this Issue

DraftKings

article OP/ED: DraftKings: Now Is The Time To Place Your Bet (10/20/2020)
(Wall Street) -- Almost every technology stock has seen choppy trading over the past few months, but one high-flyer, in particular, has seen a harrowing correction that...
article DraftKings stock bounces after string of losses, as Oppenheimer analyst sees 'compelling buying opportunity' (10/12/2020)
(Wall Street) -- Shares of DraftKings Inc. DKNG, 3.44% surged 3.1% in premarket trading Monday, putting them on track to snap a 5-day losing streak, after Oppenheimer...
article DraftKings Falls On $52 Share Offering, NFL Uncertainty (10/7/2020)
(Wall Street) -- Shares of DraftKings Inc (NASDAQ: DKNG) hit a new high of $64.19 on Oct. 2. An offering has sent shares lower. What Happened: DraftKings announced...
article DraftKings Gives a Sneak Preview of Q3 Results in Its Stock Prospectus (10/6/2020)
(Wall Street) -- When it announced a 32 million share public common stock offering yesterday, sports betting company DraftKings (NASDAQ:DKNG) also provided third-quarter...
article Barstool App Breaks DraftKings Download Record, Analyst Says (9/22/2020)
(Wall Street) -- Penn National Gaming Inc. shares rose as much as 4.5% in early trading Tuesday after Morgan Stanley said Penn’s minority owned Barstool Sportsbook...
article DraftKings’ stock soars on analyst’s bullish Illinois take (8/26/2020)
(Illinois) -- DraftKings stock soared more than 9% on Tuesday on an analyst’s bullish rating on the company, focusing on the opportunity in Illinois. “We...
article Hot gambling stock DraftKings falls 7% after company reports larger loss than expected (8/14/2020)
(Wall Street) -- DraftKings sank more than 5% in premarket trading Friday after it said its loss for the second quarter widened despite strong revenues and a turnaround...
7 Total Articles on this Issue

eSports

article Esports network VENN raises $26 million Series A round (10/20/2020)
(Wall Street) -- The Video Game Entertainment and News Network (VENN) will announce Tuesday a $26 million Series A investment round co-led by BITKRAFT Ventures, an...
1 Article on this Issue

Mobile Gaming

article China-owned gaming firm Playtika files confidentially for U.S. IPO (10/16/2020)
(China) -- Playtika Holding Corp, a mobile gaming company owned by a Chinese investor group, said on Friday it has confidentially submitted paperwork with the U.S....
1 Article on this Issue

Caesars

article Caesars Sports Betting Bid On William Hill Could Lead To Market Share Dominance (10/12/2020)
(Wall Street) -- Having just digested the Caesars Eldorado merger, the company doesn't stop to catch its breath, but surges ahead with another deal with a huge...
article VICI Properties: This Net Lease REIT Is Poised For Growth (9/2/2020)
(Wall Street) -- The Casino and Entertainment sector has had plenty of headline risk over the past six months, with the operators feeling the effects of the pandemic....
article The New Caesars: Exclusive Q&A With CEO Tom Reeg Reinforces Our Bull Case (8/17/2020)
(Wall Street) -- Among the many casualties in this age of too much information is clarity. Investors can sweep through masses of data about a given stock they...
article Will Caesars Be Part Of Next US Sports Betting Spinoff? (8/12/2020)
(Wall Street) -- There’s been talk of the combined Caesars and Eldorado company spinning off its sports betting and iGaming business since news of the merger. Now...
article Effects on Reno from big gaming merger? (7/23/2020)
(Nevada) -- There’s no doubt that merger of Reno’s Eldorado Resorts Inc. with Caesars Entertainment Corp. is a big deal — a very big deal — for...
5 Total Articles on this Issue

MGM Resorts

article MGM Resorts looking to raise US$750 million via senior notes offering (10/9/2020)
(Wall Street) -- MGM Resorts International has announced a new US$750 million senior notes offering which the company says will be used to refinance existing debt and...
article Riskier Gaming Stock: MGM Resorts Or Scientific Games? (10/6/2020)
(Wall Street) -- The shares of Scientific Games (NASDAQ: SGMS) have gained 30% since the beginning of the year as compared to MGM Resorts (NYSE: MGM) which is still down...
article Where Will MGM Resorts Be in 5 Years with IAC's Help? (9/17/2020)
(Wall Street) -- MGM Resorts International (NYSE:MGM) has been as hard hit by COVID-19 as anyone. Its properties were shuttered globally and its revenues abruptly...
article Having Won Big On Dating Sites, Barry Diller’s IAC Is Betting $1 Billion On Online Gaming (8/11/2020)
(Wall Street) -- Barry Diller’s online conglomerate IAC/InterActive announced a $1 billion investment in hospitality and gambling giant MGM on Monday.
article No surprise: With properties closed, MGM Resorts sees net loss of $857 million in Q2 (7/31/2020)
(Las Vegas) -- Casino giant MGM Resorts International which closed its entire casino portfolio over six states in the middle of March due to the coronavirus pandemic...
5 Total Articles on this Issue

Tilman Fertitta

article Fertitta's Landcadia Holdings III blank-check co. launches (10/9/2020)
(Louisiana) -- Houston billionaire Tilman Fertitta is launching a third blank-check company just months after his second announced its business combination deal....
1 Article on this Issue

Macau Gaming

article Macau Casino Stocks Still Face Long Odds (9/22/2020)
(Macau) -- After a brutal downturn during the early months of the pandemic, Macau’s casinos will likely see more visitors soon. That doesn’t necessarily make...
article Macau offers little refuge for gaming investors as Europe locks down again (9/22/2020)
(Macau) -- A fresh wave of lockdowns appears inevitable in Europe, and they look like they could be especially severe in the United Kingdom with $13,000 fines for...
article Macau Legend Development halts trading (9/14/2020)
(Macau) -- Macau Legend Development Limited said in a statement to the Hong Kong Stock Exchange this morning that at its request “trading in the shares of the...
article Former SJM casino exec Louis Ng sells US$38mln in stock (8/18/2020)
(Hong Kong) -- A former leading executive at Macau casino operator SJM Holdings Ltd has sold 30 million shares in the firm, for HKD292.5 million (US$37.7 million) in...
press release Upside seen for Las Vegas Sands and Wynn Resorts after Macau visa development (8/10/2020)
(Macau) -- Bank of America is incrementally more positive on the Macau sector after today's visa developments.
article SJM slips to 1H loss amid pandemic, market share up (7/28/2020)
(Macau) -- Macau casino operator SJM Holdings Ltd (SJM) slipped to a first-half loss, on group net revenue that fell 74.4 percent, it said in a Tuesday filing to the...
6 Total Articles on this Issue

Penn National

article Penn National Gaming Stock Can Surge Higher Thanks To ‘Portnoy Momentum Trade,’ Stifel Says (9/17/2020)
(Wall Street) -- Investment firm Stifel recently raised its price-target for casino operator Penn National Gaming by 70%, saying that the company’s boost from...
article Analysis: Can Barstool Sportsbook Justify Penn National Stock Gains? (8/17/2020)
(Wall Street) -- Penn National is America’s new hottest gaming stock. The company is up some 1,200% from its pandemic lows to around $53 at the time of writing....
2 Total Articles on this Issue

Scientific Games

article Caledonia investment a “vote of confidence” in Scientific Games: Union Gaming (9/16/2020)
(Wall Street) -- The US$1 billion investment in Scientific Games from a consortium led by Australia’s Caledonia (Private) Investments is a “vote of confidence” in the...
article Scientific Games getting new board leadership after stock sell (9/16/2020)
(Wall Street) -- Scientific Games’ largest shareholder has sold off its stake in the company at $28 a share, prompting a shake-up within the company’s board...
article Australian fund manager Caledonia set to acquire Ron Perelman’s Scientific Games stake in US$920 million deal (9/14/2020)
(Wall Street) -- Scientific Games Chairman Ronald Perelman is set to sell his 39% stake in global gaming giant Scientific Games to Australian investment fund manager...
article Wynn and Scientific Games push ahead with sports betting plans (9/4/2020)
(Wall Street) -- Wynn Resorts (WYNN +2.4%) has rather quietly rolled out its sports betting casino app to New Jersey and has plans to extend it into Colorado and Indiana...
article Scientific Games Execs Will Get Big Paydays if They Leave After a Sale (8/26/2020)
(Las Vegas) -- Scientific Games (NASDAQ:SGMS) is providing opulent financial protection for top-ranking executives, including CEO and President Barry Cottle, in the...
5 Total Articles on this Issue

Online Gaming

article Return of Sports Brings a Resurgence of Online Betting (9/15/2020)
(Wall Street) -- As the legal infrastructure becomes more friendly towards sports betting, specifically in the online space, many companies in the gambling industry are...
article Online gaming M&A levels up: The online gaming industry has flourished amid stay-at-home orders (8/25/2020)
(Wall Street) -- Few industries are as well-insulated from the ongoing pandemic as gaming. Stay-at-home orders have pummeled brick-and-mortar-based industries such as...
2 Total Articles on this Issue

Genting

article Genting Malaysia shareholders unlikely to be pleased by latest Empire Resorts transaction: Nomura (9/14/2020)
(USA) -- Last Friday’s announcement by Genting Malaysia that it was injecting US$150 million into its 49%-owned US subsidiary, Empire Resorts, by way of a...
article Genting Group reveals US$351 million loss in 2Q20 (8/28/2020)
(Wall Street) -- Genting Berhad, the parent company of both Genting Malaysia and Genting Singapore, fell to a MYR1.47 billion (US$351.2 million) loss in the three months...
article Genting HK chair puts up entire stake to keep company afloat (8/24/2020)
(Hong Kong) -- Genting Hong Kong (Genting HK had leveraged itself pretty thin as it looked to build a fleet of highly advanced casino cruise ships capable of operating...
article Genting Malaysia-backed Empire Resorts to issue US$475 million senior notes (7/20/2020)
(Malaysia) -- Genting Malaysia-linked US casino operator Empire Resorts has announced plans to issue senior secured notes totalling US$475 million in order to fund its...
4 Total Articles on this Issue

Las Vegas Gaming

article Goldman downgrades MGM on slow Vegas recovery, says stick with Penn National Gaming (sub req) (9/14/2020)
(Las Vegas) -- Goldman Sachs is ditching traditional casino stock MGM Resorts and looking to Penn National Gaming for growth in the world of gambling.
article OP/ED: Red Rock Resorts - An Intimate View Of Las Vegas's Local Casino Properties At A Challenging Time (8/24/2020)
(Wall Street) -- I typically write about commodities and raw material companies. However, after becoming a “local” in Las Vegas nine years ago, I have a...
article Las Vegas Sands Stock Can Rally 45%: Analyst (8/13/2020)
(Las Vegas) -- On April 27, 2020, we recommended buying shares of Las Vegas Sands when they were trading at about $43. On June 10, we sold the position at $52. The stock...
3 Total Articles on this Issue

Wynn Resorts

article Goldman Sachs loses conviction on Wynn Resorts (9/8/2020)
(Wall Street) -- Goldman Sachs drops Wynn Resorts (WYNN -4.8%) to a Neutral rating from Buy and pulls the casino stock from its Conviction List.
1 Article on this Issue

COVID-19

article Why Casino Operators Caesars, MGM, and Wynn Rocketed Higher in August by as Much as 47% (9/3/2020)
(Wall Street) -- Shares of casino operator Wynn Resorts (NASDAQ:WYNN) jumped a hefty 20% in the month of August according to data from S&P Global Market Intelligence.
1 Article on this Issue

Card Clubs

article San Jose, California considering outdoor casino cardrooms (9/1/2020)
(California) -- Allowing large crowds to gather in interior spaces has become taboo because of the coronavirus. This makes it difficult for many businesses, including...
1 Article on this Issue

William Hill

article William Hill called attractive due to leading position in U.S. sports betting (8/18/2020)
(Wall Street) -- William Hill (OTCPK:WIMHY) rallies after a positive note from Jefferies points to considerable upside for the British betting shop operator.
1 Article on this Issue

Churchill Downs

article Churchill Downs: 2Q Earnings Snap (7/29/2020)
(Kentucky) -- Churchill Downs Inc. (CHDN) on Wednesday reported a second-quarter loss of $118.8 million, after reporting a profit in the same period a year earlier.
1 Article on this Issue

Sports Leagues

article Betting stocks fall amid MLB cancellations due to COVID-19 outbreak (7/28/2020)
(Wall Street) -- Shares of companies with sports betting operations were hit hard after two Major League Baseball (MLB) games scheduled for Monday night were postponed...
1 Article on this Issue

Other News

article The $350 Million Question Around Sportradar Cash Raise (10/20/2020)
(Wall Street) -- Sportradar is raising $505 million to finance a potential acquisition. The raise was revealed last week by Fitch Ratings, who gave Sportradar debt a B+...
article Coronavirus Re-Spike Risk in US Gaming Recovery Assumptions (10/16/2020)
(Wall Street) -- A reacceleration of infections related to the coronavirus pandemic is not likely to result in the widespread re-closure of US casinos, which showed...
article Sportradar Gets Junk Grade in First Fitch Evaluation (10/14/2020)
(Wall Street) -- Sports data provider Sportradar has landed a long-term issuer default rating of “B” with a “stable” outlook from Fitch Ratings....
article Is Red Rock Resorts Inc (RRR) a Stock to Watch This Week? (10/14/2020)
(Wall Street) -- Red Rock Resorts Inc (RRR) stock has risen 2.98% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator. Red Rock...
article As graffiti removed from Tempe Butte, city and tribal leaders ask visitors to respect the sacred area (9/25/2020)
(Arizona) -- Crews are removing graffiti on Tempe Butte that has caused more than $10,000 in damage to the popular recreation area that contains some 500 petroglyphs and...
article Aristocrat bound for U.S. real cash iGaming: JP Morgan (9/22/2020)
(Australia) -- It is a “matter of when and how, not if” casino slot machine maker Aristocrat Leisure Ltd enters the iGaming market in the United States, says...
article Short Sellers Have Lost Nearly $1.3B On DraftKings, Penn National (9/18/2020)
(Wall Street) -- Every investor in Verastem, Inc. (NASDAQ:VSTM) should be aware of the most powerful shareholder groups. Large companies usually have institutions as...
article Casino Stocks Could Test First Quarter Lows (9/17/2020)
(Wall Street) -- Shares of casino and resort operators Wynn Resorts, Limited (WYNN) and Las Vegas Sands Corp. (LVS) fell to four-week lows on Wednesday in reaction to...
article GAN Drops 18% On Larger 2Q Loss; Analyst Sticks To Buy (8/24/2020)
(Wall Street) -- Shares of GAN Ltd. plunged 17.8% on Friday after the internet casino gaming and gambling software provider reported a loss for 2Q that exceeded Street...
article Gaming and Leisure Properties Announces Pricing of $200,000,000 of Additional 4.000% Senior Notes Due 2031 (8/11/2020)
(Wall Street) -- Gaming and Leisure Properties, Inc. (“GLPI”) (NASDAQ: GLPI) today announced the pricing of a public offering of $200.0 million aggregate...
article Here's Why MGM Resorts, Wynn Resorts, and Other Casino Stocks Are Rising Today (8/6/2020)
(Wall Street) -- The stock market is seeing modest gains today, with most major indexes up less than 1% as of 3:20 p.m. EDT. However, large casino operators are...
article Rivers Casino Philadelphia owner Rush Street Interactive to go public after being acquired (7/28/2020)
(Pennsylvania) -- Rivers Casino Philadelphia owner Rush Street Interactive LP will be acquired and taken public by blank check company dMY Technology Group Inc. The...
article Donaco completes US$14.4 million entitlement offer (7/27/2020)
(Macau) -- Donaco International Ltd has announced the successful completion of an entitlement offer that will see the company raise AU$14.41 million before costs.
article Newgioco sees 10% Q1 revenue growth despite “global economic difficulties” (7/23/2020)
(Wall Street) -- Newgioco has published its Q1 report after a series of COVID-19 related delays to the reporting period.
article Leisure Acquisition Says No Thanks to Gateway Casinos Deal (7/16/2020)
(New York) -- New York-based Leisure Acquisition announced the end of the transaction in a regulatory, but didn’t specify why it’s dropping the deal....
press release ‘This is addicting’: How the new retail investor mania is changing the stock market game (7/6/2020)
(Wall Street) -- For the past five months, Jayden Smit has been working two jobs. In the evenings, the Prince Edward County, Ont., teen works part time at a grocery...
article Golden Entertainment: A Patchwork Quilt Of Gambling Businesses Facing Post-Virus Challenges (6/22/2020)
(Wall Street) -- Followers of my articles know by now that I'm a strong believer in the superiority of gambling businesses run by either founders, their heirs or...
article US Gaming Will Experience A U-Shaped Recovery Post-Reopening (6/11/2020)
(Wall Street) -- The US gaming sector’s post-reopening recovery will be slowed by economic headwinds and operating and travel restraints stemming from the...
article Everi swings to 1Q loss, says conserving cash (6/3/2020)
(Wall Street) -- Casino equipment maker and financial technology (fintech) supplier Everi Holdings Inc swung to a first-quarter net loss of US$13.5 million, compared to...
article Casino stocks rally, and chart signals another 26% surge (6/2/2020)
(Wall Street) -- Casino stocks, among the hardest hit early in the coronavirus pandemic,- have bounced hard off their lows. Caesars, MGM Resorts and Wynn Resorts have...

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