casino stocks

After a large acquisition in the casino and online gaming space, Caesars Entertainment Inc (NASDAQ: CZR) put an asset up for sale. It has attracted higher bids than expected, leading to a bullish callout from an analyst. The Caesars Entertainment Analyst: Bank of America analyst Shaun C....

A mobile gaming company that went public via SPAC received an investment from Activision Blizzard Inc (NASDAQ: ATVI) that was disclosed Thursday night. What Happened: In June, Activision Blizzard took a 12,677,398 share stake in Playstudios Inc (NASDAQ: MYPS), representing an 11.6% stake in the...

A leader in casino games, state lottery and sports betting technology announced a plan to unlock shareholder value Tuesday morning. What Happened: Scientific Games Corporation (NASDAQ: SGMS) announced a strategic review to unlock shareholder value that could result in the spinoff of several...

Michigan legalized sports betting back in 2020. The introduction of online sports betting to the state in January has made Michigan a key state in the market as one of the most populated states to legalize the industry. What Happened: The three commercial casinos in Detroit pushed the state over...

Penn National Gaming reported first-quarter earnings Thursday morning, sending the stock lower. The keys for investors could be the discussion on growing momentum at land-based casinos and the continued rollout of Barstool Sportsbook.  What Happened: Penn National Gaming's (NASDAQ:...

On Saturday, May 1, the 147th Kentucky Derby will be held, airing live on NBC Sports, owned by Comcast Corporation (NASDAQ: CMCSA). Unlike last year’s Kentucky Derby, there will be fans in the stands and infield this year. Could the 2021 Kentucky Derby provide a lift to Churchill Downs Inc (...

Three sports betting companies were announced as official sports betting partners with the National Football League after market close Thursday. What Happened: The NFL announced Caesars Entertainment Inc (NASDAQ: CZR), DraftKings Inc (NASDAQ: DKNG) and FanDuel as “official sports betting...

Casino, gaming and sports betting stocks had a wild ride in 2020 with the COVID-19 pandemic and the cancellation of major sports seasons and events. Bank of America analyst Shaun Kelley shared his thoughts on the overall sector with a 2021 outlook called, “From shorts to sports.” Sports...

Casinos should have a "huge year" in 2021, and the stocks will be up against very easy comparisons, CNBC's Jim Cramer said Monday on "Mad Money." What Happened: The U.S. joined a handful of other countries in beginning the distribution of a vaccine against the novel...

The Michigan Joint Committee on Administrative Rules is set to bless new regulations Tuesday, which could include online sports betting in the state. What To Know: One year after the state of Michigan legalized sports betting, the state has not allowed online sports betting or iGaming. Until last...

The coronavirus recovery in China is a plus for a casino stock that's trading at the same levels it did in April, according to a Morgan Stanley analyst.  The Wynn Resorts Analyst: Thomas Allen upgraded Wynn Resorts (NASDAQ: WYNN) from Equal-weight to Overweight and raised ...

Casino stocks traded notably higher Thursday in reaction to encouraging data from Macau, considered to be the gaming capital of the world. What Happened Casinos operating in the Chinese hub of Macau recorded their best monthly revenue in four years, Reuters reported. As a whole, revenue for the...

Boyd Gaming Corporation (NYSE: BYD) is an owner and operator of gaming entertainment properties in multiple states. The company's Las Vegas properties are mostly located away from the tourist Strip area, and this is a good thing, according to Wall Street's newest bull analyst. The Analyst...

Casino stock are for the most part higher since the start of 2017, but the longer-term outlook in the important Macau gaming market remains a question mark. One of the most notable casino operators, Las Vegas Sands Corp. (NYSE: LVS) generates nearly half of its entire EBITDA in Macau. The Analyst...