casinos

Casino stocks have taken a beating in recent weeks, and one Wall Street analyst says it’s time for investors to step in and buy the dip in a handful of top stocks. The Analyst Jefferies analyst David Katz updated his ratings and price targets for the following gaming stocks: Upgraded Boyd...

The Nevada Gaming Control Board on Tuesday released its report on gaming revenue for the Las Vegas area in June. What Happened Nevada's non-restricted gaming licensees reported a total “gaming win” of $933 million in June, a 4.7-percent year-over-year increase. Statewide revenue is...

Just in time for the first pro football season with legalized sports betting, MGM Resorts International (NYSE: MGM) is raising its stakes in the world of digital play. What Happened The casino operator announced a joint venture Monday with GVC Holdings PLC to develop a sports betting and...

Caesars Entertainment Corporation (NASDAQ: CZR), one of the world's largest gaming companies, exited bankruptcy with a "dramatically restructured" balance sheet which makes the stock attractive to investors, according to Bank of America. The Analyst Shaun Kelley initiated coverage of...

The Nevada state gaming control board released its report on gaming revenue for the Las Vegas area in May. What Happened Nevada's non-restricted gaming licensees reported a total “gaming win” of $1.044 billion in May, a 5.2-percent year-over-year increase. Statewide revenue is now...

For MGM Resorts International (NYSE: MGM), Las Vegas business hasn’t been booming the way some investors had hoped, prompting one Wall Street analyst to take a closer look at the stock. The Analyst Goldman Sachs analyst Stephen Grambling downgraded MGM from Buy to Neutral, removed the stock...

The Nevada state gaming control board released its report on gaming revenue for the Las Vegas area in February. What Happened Nevada's non-restricted gaming licensees reported a total “gaming win” of $1.017 billion in February, a 7.6 percent year-over-year increase. Statewide...

The VanEck Vectors Gaming ETF (NYSE: BJK), the only exchange traded fund dedicated to casino and gambling stocks, is up modestly this year and higher by nearly 35 percent over the past 12 months. Bullish data out of Macau cold support further upside for BJK. BJK marked a decade on the market in...

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...

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...

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...

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...

The Nevada State gaming control board released its November report on gaming revenue for the Las Vegas area, which showed a negative trends casino shareholders may want to monitor. What You Need To Know Data for the month of October showed that Nevada's non-restricted gaming licensees...

The Nevada state gaming control board released its report on gaming revenue for the Las Vegas area in October. Nevada's non-restricted gaming licensees reported a total “gaming win” of $988.7 million in October, a 0.2 percent year-over-year increase. Statewide revenue is now up 3.7...

As Macau recovers, so do casino stocks. Wynn Resorts, Limited (NASDAQ: WYNN), which has a particularly high exposure to Macau, China, is the world’s biggest gaming destination. The company derived 69 percent of its EBITDA from Macau, according to its second-quarter earnings report released...