Boyd Gaming (NYSE:BYD), one of the dominant operators in downtown Las Vegas, could be challenged over the near-term because of the lingering coroanvirus pandemic, but its long-term outlook is compelling. ...
Caesars Stock Is Catalyst-Rich Story Bound to Hit Triple Digits, Says Analyst
Caesars Entertainment (NASDAQ:CZR) is higher by more than eight percent to start 2021 and 111 percent over the past six months. Citing an array of catalysts, one analyst says there’s more upside where that came from for the Harrah’s operator. ...
BetMGM Winning Market Share, Analyst Bullish on Parent Company
Entain Plc (OTC:GMVHY) released its fourth-quarter trading update earlier today and there’s good news for MGM Resorts International (NYSE:MGM). That’s because the read-through on the data is that the companies’ BetMGM unit is thriving. ...
Genius Sports SPAC Surges on Bullish Revenue Forecast, Fresh Analyst Coverage
Shares of dMY Technology Group, Inc. II (NYSE:DMYD) are soaring Wednesday after Genius Sports — the special purpose acquisition company’s merger partner — issued an enthusiastic revenue forecast. ...
Golden Nugget Online Glitters as Analyst Says ‘Buy’
Golden Nugget Online Gaming (NASDAQ:GNOG) is standing out as one of Wednesday’s best-performing gaming equities. That’s after a Wall Street analyst touted the company’s enviable positioning in the internet casinos and online sports betting markets. ...
Bally’s Acquisitions, iGaming Moves Make for Catalyst-Rich Story, Says Analyst
Via aggressive deal-making last year, Bally’s Corp. (NYSE:BALY) morphed from a nearly anonymous regional gaming outfit to one of the fastest-growing companies in the space. Wall Street is betting that trend will continue in 2021. ...
Penn National Lands Another $100 Forecast, But Analyst Has Questions About New York
Penn National Gaming (NASDAQ:PENN) continues garnering support among Wall Street analysts. But one who likes the stock has questions about how things are going to play out in New York. ...
Bally’s Boosts Market Access in Latest Deal, Analyst Sees Online, Sports Betting Benefits
Bally’s (NYSE:BALY) said on Monday it will build a satellite casino near Penn State University in Centre County. This is a move one analyst views as smart, given the company’s geographic diversification efforts and market access ambitions. ...
MGM Explains Entain Acquisition Offer, Analyst Calls it ‘Smart, Strategic’
MGM Resorts International (NYSE:MGM) has confirmed it made an $11.06 billion takeover bid for Entain Plc (OTC:GMVHY), its partner on the BetMGM venture, and that the British company turned back the proposal, saying it undervalues the company. ...
Churchill Downs ‘Irreplaceable Assets’ Driving EBITDA Growth, Says BofA Analyst
Churchill Downs (NASDAQ:CHDN) is setting up to be one of 2021’s more compelling names in the gaming space, according to one analyst. Scenes ...
Penn National Enthusiasm Grows on Wall Street, Analyst Raises Target to $115
Penn National Gaming (NASDAQ:PENN) is garnering more support among sell-side observers with Rosenblatt Securities analyst Bernie McTernan boosting his price forecast, helping the shares to modest gains in early trading. ...
Macau Stocks Steady Heading Into 2021, Analyst Hikes Targets on LVS, MGM, Wynn
Las Vegas Sands (NYSE:LVS), MGM Resorts International (NYSE:MGM), and Wynn Resorts (NASDAQ:WYNN) are the domestic gaming companies with Macau footprints. To say that trait has been problematic in 2020 is underplaying the matter. ...
NeoGames Soars on Michigan Contract Extension, Analyst Says Overhang Removed
On a rough day for US equity markets, one featuring a slew of mediocre showings from gaming stocks, NeoGames (NASDAQ:NGMS) stood out, surging 12.46 percent on favorable contract news. ...
Penn National Pumped by BofA, Analyst Sees Triple Digits for Hot Stock
The scintillating run by Penn National Gaming (NASDAQ:PENN) received more fuel today with the help of some bullish commentary from Bank of America (BofA) analyst Shaun Kelley. ...
NeoGames iLottery Growth Could Be Better Bet Than Sports Wagering, Says Analyst
NeoGames S.A. (Nasdaq:NGMS) is fresh on the gaming equity scene, quietly going public last month. But the stock is already gaining favor among Wall Street analysts. ...
Caesars Stock Dubbed Contrarian Idea, Analyst Says Bet on Las Vegas Recovery Now
It’s up 1,061 percent from its March lows, but Caesars Entertainment (NASDAQ:CZR) stock is earning praise as a contrarian bet from a sell-side analyst. He says now is the time to bet on a rebound by the Las Vegas Strip. ...
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Bally’s Stock Slides Following Tepid Analyst Assessment
It’s one of the gaming industry’s highest fliers in recent weeks, but following a run that’s seen the stock jump almost 75 percent over the past month and more than double in 90 days, Bally’s Corp. (NYSE:BALY) may need to cool off, according to one analyst. ...
DraftKings Slumps After Analyst Issues Rare Lukewarm Rating on Stock
Shares of DraftKings (NASDAQ:DKNG) are lower by 2.50 percent in late trading. The rare tepid rating on the stock is the cause behind the Monday slump. ...
Everi Exudes Share Price Excellence on WinStar CashClub Deal, Analyst Lifts Target
Shares of Everi Holdings (NYSE:EVRI) are soaring Thursday. That’s after the company said it will provide its CashClub Wallet cashless gaming solution to WinStar World Casino and Resort in Oklahoma, one of the world’s largest gaming properties. ...
Caesars, Monarch Price Targets Hiked, Analyst Sees Investors Looking Past Coronavirus Headwinds
Caesars Entertainment (NASDAQ:CZR) and Monarch Casino & Resort (NASDAQ:MCRI) are among the gaming equities favored by Truist Securities analyst Barry Jonas. That’s even as regional casinos encounter near-term hurdles because of a recent surge in coronavirus case counts. ...
Genting Singapore Limited second-quarter results draw analyst concern
A trio of brokerages has reportedly expressed unease over a recent revelation from Asian casino operator, Genting Singapore Limited, that its second-quarter net profit had dropped by some 5.2% year-on-year to approximately $122.3 million. According to a report, the Singapore-listed firm detailed that its adjusted quarterly earnings before interest, taxation, depreciation and amortization would ...
