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Michigan Surpasses $1B In Sports Betting Handle In One Year: What Investors Should Know
Tuesday, May 11, 2021 - 5:15pm | 359Read More...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...
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Penn National Gaming Stock Investors Pull Back After Q1 Report, Company Sees Momentum Ahead
Thursday, May 6, 2021 - 9:19am | 490Read More...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:...
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Is Churchill Downs A Buy Ahead Of The 2021 Kentucky Derby?
Friday, April 30, 2021 - 7:50am | 621Read More...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 (...
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NFL Signs Deals With Caesars, DraftKings, FanDuel For Official Partnerships
Thursday, April 15, 2021 - 6:25pm | 438Read More...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...
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Sports Betting Could Grow 70% In 2021, Casino Recovery Coming: BofA Analyst
Sunday, January 10, 2021 - 1:43pm | 632Read More...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...
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Why Cramer Is Bullish On Casino Stocks For 2021
Tuesday, December 15, 2020 - 12:48pm | 362Read More...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...
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7 Stocks To Watch Ahead Of Michigan Online Sports Betting Legislation
Tuesday, December 1, 2020 - 10:39am | 902Read More...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...
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Wynn Resorts Analyst: Macau Concerns Overblown, Biden Positive For Casino Stock
Monday, November 2, 2020 - 11:45am | 402Read More...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 ...
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Casino Stocks Rip As China's Macau Territory Has Highest Monthly Revenue In 4 Years
Thursday, November 1, 2018 - 1:00pm | 397Read More...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...
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Argus: Las Vegas Locals Will Drive Boyd Gaming Higher
Wednesday, January 17, 2018 - 11:19am | 428Read More...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...
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Morgan Stanley Likes The Odds Of A Las Vegas Sands Investment
Tuesday, November 7, 2017 - 4:26pm | 390Read More...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...
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Casino Stock Investors Show Concern With Macau's 'Golden Week' Performance
Thursday, October 12, 2017 - 11:16am | 395Read More...Casino stocks are selling off in mid-morning trading on news out of Macau that Chinese travelers decided not to try their luck over the Golden Week holiday. Golden Week is a seven-day national holiday in China that occurs twice a year. The October Golden Week celebrates the National Day of the...
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VIP Strength Leads Deutsche Bank To Upgrade Wynn To Buy
Tuesday, August 15, 2017 - 11:16am | 362Read More...Analysts at Deutsche Bank turned bullish on casino operator Wynn Resorts, Limited (NASDAQ: WYNN) after a reconfiguration of the casino floor in Wynn Palace to attract more visitors is showing signs of success. The firm's Carlo Santarelli upgraded Wynn's stock rating from Hold to Buy with a price...
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2 Stocks Up 50% In 2017 That Have Further Room For Upside
Friday, July 7, 2017 - 1:04pm | 383Read More...For many investors deciding what to do with a stock that's up 50 percent in a few months is a difficult task. On the one hand, few can fault an investor for cashing in on an impressive gain but they risk selling early. Among the five S&P 500 stocks up at least 50 percent this year, CSX...
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Mayweather-McGregor Would Bring Big Money To Vegas, But Not Necessarily Casino Stocks
Wednesday, June 14, 2017 - 11:30am | 392Read More...The highly-anticipated fight between undefeated boxing star Floyd Mayweather and UFC star Conor McGregor was confirmed on Wednesday. The fight will not only benefit the pockets of Mayweather and McGregor, but should also have a huge impact on Las Vegas. The 2015 fight between Mayweather and Manny...
