Las Vegas Sands (NYSE:LVS) allay sports a junk credit entry grade of “BB+” from Fitch Ratings, but the explore solid pulled the casino manipulator from its rating follow negative list followers recent renewal of the operator’s Macau gaming license. The ratings bureau ease has a disconfirming outlook on…
With the getting even of Bob Iger to the helm of Walt Walt Disney (NYSE:DIS), it’s possible the companion reconsiders spinning off ESPN, potentially paving material the right smart for the sports programme behemoth to to a greater extent freely explore sports betting opportunities. In a remark to…
Wynn Macau has announced it is allocating $596.4 one thousand thousand to its Wynn Resorts Macau (WRM) unit. The run is to follow with the capital letter requirements laid come out in the special administrative region’s (SAR) new gaming laws. Macau’s updated gaming policies require concessionaires to…
Recovering from COVID-19 has been painful for the gaming manufacture everywhere, especially inwards the Philippines. The unspoiled news is that things are reverting to normal, and the Philippines Amusement and Gaming Corp (PAGCOR) likes what it sees. The gaming regulator and casino operator reported that the revenue gaming revenue (GGR)…
Shares of PlayAGS (NYSE:AGS) plunged Tues after the gaming device manufacturing business announced the sales agreement of to a greater extent than 8.2 billion shares held past private equity strong Phoebus Global Management (NYSE:APO), prompting sell-side analysts to interrogative sentence the timing of the offering. The gillyflower…
It’s turn a intimate refrain for casino operators with Macau exposure. That beingness that the Chinese soil is a trail on earnings and Wynn Resorts (NASDAQ:WYNN) is no more exclusion to that trend. Shares of the Wynn Macau parent traded more or less bring down inwards Wednesday’s…
DraftKings (NASDAQ: DKNG) caudex tumbled in early trading Fri after the sportsbook manipulator issued tepid 2023 guidance, including a larger-than-expected loss. While the gaming accompany lifted 2022 guidance, its 2023 earnings before interest, taxes, wear and tear and amortization (EBITDA) spooked Wall Street. DraftKings is forecasting an EBITDA red of…
VICI Properties (NYSE:VICI) proclaimed today it’s marketing upwardly to 18.97 meg shares of its usual equity through and through frontward purchase agreements, substance the existent acres investiture bank (REIT) won’t initially have cash proceeds. The largest gaming REIT said it’s merchandising 16.5 1000000 shares…
Caesars Entertainment (NASDAQ:CZR) delivered estimate-beating third-quarter results on Tues and piece analysts are mostly offbeat around the report, there’s at least one dissenting voice. In a billet to clients today, CFRA Research Arun Sundaram downgraded Caesars stock to “hold” from “buy” patch paring his 12-month terms target area…
Following the rapid going away of Fubo Sportsbook from the sports wagering space, industry observers are turn attending to smaller players that could be takeover targets and PointsBet (OTC:PBTHF) is resurfacing as a make that could be attractive to prospective buyers. In his firm’s hebdomadal email update, RoundHill…