casinos

Workers at some of Detroit's most iconic casinos, including MGM Resorts International's (NYSE: MGM) MGM Grand Detroit, PENN Entertainment, Inc.'s (NASDAQ: PENN) Hollywood at Greektown and MotorCity casinos, are gearing up for a potential showdown. ...

Melco Resorts & Entertainment Ltd (NASDAQ: MLCO) reported first quarter 2023 sales growth of 51% Y/Y to $716.5 million Wednesday, missing the consensus of $892.0 million.  The increase in total operating revenues was led by improved performance in all gaming segments...

Las Vegas Sands Corp (NYSE: LVS) shares are rising in extended trading Wednesday after the company reported first-quarter results that topped analyst expectations.  Q1 Revenue: $2.12 billion beat estimates of $1.82 billion Q1 EPS: 28 cents beat estimates of 18 cents Las Vegas Sands said a...

Shares of Wynn Resorts, Limited (NASDAQ: WYNN) started the new year on a positive note, with a sharp upturn in early trading on Tuesday. The company is poised to benefit from Macau’s reopening and its VIP recapture opportunity, according to Wells Fargo. The Wynn Resorts Analyst: Daniel...

It was not all bad news for all stocks on Monday morning. One issue that is having a good day is Wynn Resorts, Limited (NASDAQ: WYNN), and it's even one that has exposure to China. The catalysts for the rally and the corresponding price action make Wynn Resorts the...

One of the worst-performing sectors since 2014 has been the casino industry.  The sector — and specifically Wynn Resorts Limited (NASDAQ: WYNN) — has been searching for a catalyst and got not one but two on Monday. The price action following the news makes it the...

The legalization of gambling in several states has not led to the boom in gaming and casino stocks that many were expecting over the long term. In fact, the exact opposite has taken place for Penn National Gaming (NASDAQ: PENN) and DraftKings Inc. (NASDAQ: DKNG), with both having...

Shares of Macau casino stocks traded higher on Friday following the release of a new Macau gaming bill that was mostly in-line with expectations but that had at least a couple of bullish surprises for investors. What Happened? Melco Resorts & Entertainment Ltd (NASDAQ: MLCO) traded higher by 15...

Earnings season has been extremely volatile for some of the top U.S. gaming stocks. Bank of America analyst Shaun Kelley recapped what investors need to know about the top U.S. casino, online sports betting and iGaming stocks. Margin Pressures: Penn National Gaming, Inc (NASDAQ: PENN) took the...

Deviate To Win is an interview series featuring executives and investors who have won in business by taking chances and doing things a little bit differently. The podcast is hosted by Jason Ader, founder and CEO of SpringOwl Asset Management, and is produced by Benzinga.  Last week,...

Sell-offs in casino stocks Las Vegas Sands Corp. (NYSE: LVS) and Wynn Resorts, Limited (NASDAQ: WYNN) continued on Thursday on concerns over a coming revision to the gaming laws in Macau. Bank of America analyst Shaun Kelley provided some clarity on what's currently a very uncertain situation...

Gambling stocks have been a mixed bag for investors in 2021 given uneven trends in U.S. casino gambling, online sports betting and iGaming, as well as a sluggish recovery in the Macau, China market. On Thursday, one analyst cut price targets for two gaming leaders that are being dragged down by...

Benzinga's PreMarket Prep airs every morning from 8-9 a.m. ET. During that fast-paced, highly informative hour, traders and investors tune in to get the major news of the day, the catalysts behind those moves and the corresponding price action for the upcoming session. On any given...

Michigan was expected to be one of the largest states for sports betting in the country after launching in 2021, and the figures from the first full month of online sports betting support the early predictions. Michigan Sports Betting, One Month In: The figures from the first full month of...

Hotels and casino company MGM Resorts International (NYSE: MGM) boasts a complex valuation, but three notable catalysts mean it is now "changing for the better," according to Jefferies. The MGM Resorts Analyst: David Katz upgraded MGM Resorts' stock rating from Hold to Buy with a...