gambling

Gaming supplier PlayAGS Inc (NYSE: AGS) offered its shares to the public in a Jan. 26 IPO. The Analyst Following the IPO quiet period expiry, Deutsche Bank analyst Carlo Santarelli initiated coverage of PlayAGS with a Buy rating and $23 price target. The Thesis The 2018 PlayAGS story is...

Society and business are becoming more relaxed on past taboos, and it looks like gambling is center stage for the next wave of legislation. The same way that cannabis becoming legalized recreationally and medically all over the country is creating the prospect of a $7 billion industry with...

Wynn Resorts, Limited (NASDAQ: WYNN) investors have had a bumpy ride in 2018 after CEO Steve Wynn was accused of sexual misconduct. After Wynn resigned from his position Tuesday, Susquehanna is refocusing on the company's performance.  The Analyst Susquehanna analyst Rachael Rothman...

Cannabis is legal in 30 states, with others putting measures on the ballot each election season. Bitcoin is on a rollercoaster, soaring to close to $20,000, then plummeting, and making headlines every day in the meantime. Most recently, South Korea made news for planning to ban cryptocurrency...

Boyd Gaming Corporation (NYSE: BYD) announced Dec. 18 that it agreed to pay Penn National Gaming (NASDAQ: PENN) $575 million for its Ameristar St. Charles and Kansas City operations in Missouri and Indiana's Belterra Casino Resort and the Belterra Park property in Cincinnati. The Analyst...

Lotteries have struggled to appeal to millennials in a tightly regulated industry that manages crazy money. AutoLotto is helping those lotteries innovate. The plan is to aggregate, digitize and unify the lottery world on a phone app and create a global lottery platform. To quote New York state's...

Western casino stocks gained momentum Thursday as peers in Macau, the Chinese-controlled gaming mecca, posted their 10th consecutive positive month amid continued recovery from local anti-corruption efforts. May gambling revenues popped 23.7 percent ($2.83 billion) year over year ahead of analyst...

With Macau’s gaming recovery beginning to gain momentum, Las Vegas hit a bit of a bump in the road in April. Nevada's state gaming control board released its report Wednesday on gaming revenue for the Las Vegas area in the month of April. Here's a brief overview. The Numbers Nevada...

Long-time Macau gaming investors know that government policy risk is simply part of the equation. Macau casino stocks, including Melco Resorts & Entertainment Ltd(ADR) (NASDAQ: MLCO), Wynn Resorts, Limited (NASDAQ: WYNN), Las Vegas Sands Corp. (NYSE: LVS) and MGM Resorts International (NYSE:...

The long-term growth story in Macau remains intact, but share prices of casino operators may already fully reflect 2017 earnings. According to Bernstein analyst Vitali Umansky, the huge run Macau stocks have been on in the past year now has the stocks trading in-line with medium-term growth...