casinos

Shares of casino stocks rallied Tuesday after it was announced that visitors from mainland China would no longer be required to quarantine upon entering the popular tourist island of Macau. What Happened: Tourists are now able to enter Macau from the mainland to visit its many gaming casinos and...

Wynn Resorts Ltd. (NASDAQ: WYNN) and Penn National Gaming Inc. (NASAQ: PENN) reported worse-than-expected results Thursday in an illustration of the pandemic's effect on the casino sector.  With closed resorts and travel restrictions through 2020, Wynn Resorts bore the brunt of the...

MGM Resorts International (NYSE: MGM) announced Tuesday that it will not submit a revised proposal for Entain, its BetMGM joint venture partner. While this means MGM Resorts International’s ownership will remain at 50%, the company could pursue “further structuring solutions to...

Billionaire Tilman Fertitta is in talks to take another business unit public via a SPAC. What Happened: Fertitta is in talks to take his casino and dining assets public via SPAC Fast Acquisition Corp (NYSE: FST), according to a Thursday Bloomberg report.  The deal, which could be...

A KeyBanc analyst has initiated coverage on seven companies in the sports betting and casino space, offering a more conservative view of the total addressable market size opportunity. 4 Gaming Picks: KeyBanc analyst Brett Andress named four stocks in the gaming space that he said are...

Sheldon Adelson died at his Las Vegas home Monday night at the age of 87. Best known for serving as CEO and chairman of the casino empire Las Vegas Sands Corp. (NYSE: LVS), Adelson was also known for his philanthropy, support of Israel and major contributions to Republican politicians.  The...

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...

Caesars Entertainment Inc (NASDAQ: CZR) shares are up 109% over the last six months, which has led to a downgrade on valuation and some risks ahead. The Caesars Analyst: Morgan Stanley analyst Thomas Allen downgraded Caesars from Overweight to Equal-Weight and kept a price...

Online and sports gambling has been a booming industry in the U.S. in 2020, generating some big returns for investors of DraftKings Inc. (NASDAQ: DKNG) and Penn National Gaming Inc.(NASDAQ: PENN). In China, regulations on gambling are much tighter than in the U.S., and China has recently begun...

Casino stocks Penn National Gaming (NASDAQ: PENN) and MGM Resorts International (NYSE: MGM) reported quarterly earnings Thursday. Here's what a BofA Securities analyst has to say about the results.  BofA On Penn National Gaming's Q3: Penn had a solid margin beat, with...

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 ...

Las Vegas Sands Corp (NYSE: LVS) and MGM Resorts International (NYSE: MGM) are two of the world’s largest casino operators. Each has taken a different route and growth strategy for its business. Here's a look at how the two stack up in a battle we call Stock Wars. About Las Vegas...

MGM Resorts International (NYSE: MGM) will lay off 18,000 workers starting Monday. MGM's Reported Losses Contributing: With global travel slowed tremendously, MGM reported over $1 billion in losses during the second quarter. "I truly believe that the challenges we face today are not...

Penn National Gaming, Inc (NASDAQ: PENN) shares were rallying strongly Thursday following positive sell-side comments. The Penn National Analyst: Goldman Sachs analyst Stephen Grambling initiated coverage of Penn National with a Buy rating and 12-month price target of $60, suggesting 20%...