Shaun Kelley

Online gaming stocks have taken a big hit in recent months, but Bank of America analyst Shaun Kelley said Monday that U.S. digital gross gaming revenue (GGR) was up 58% in the month of February. Kelley said February online sports betting (OSB) GGR came in at an annual run rate of $211 million, down...

Macau casino stocks have taken a beating so far in 2022, but the selling pressure has intensified in recent days. On Tuesday, Bank of America analyst Shaun Kelley highlighted at least four reasons investors are dumping Macau stocks. Reasons For The Sell-Off: For the past year, Kelley has repeatedly...

MGM Resorts International (NYSE: MGM) reported its fourth-quarter revenues and margins ahead of Street expectations, with the beat being driven by its Las Vegas performance. Morgan Stanley On MGM Resorts Morgan Stanley analyst Thomas Allen maintained an Equal-Weight rating on the company while...

Online gaming stocks have taken a big hit in recent months, and Bank of America analyst Shaun Kelley said Monday that the U.S. online sports betting market had a surprisingly weak month in December. Kelley said December online sports betting (OSB) gross gaming revenue (GGR) came in at an annual run...

A day after casino stock Las Vegas Sands Corp. (NYSE: LVS) was hit with a Wall Street downgrade, the stock bounced back on Tuesday when it was upgraded by another analyst. The Analyst: JPMorgan analyst Joseph Greff upgraded Las Vegas Sands from Neutral to Overweight and raised his price target from...

Hyatt Hotels Corporation (NYSE: H) is a play on the recovery in the lodging sector, according to BofA Securities. The Hyatt Hotels Analyst: Shaun Kelley upgraded Hyatt Hotels from Underperform to Buy while raising the price target from $85 to $110. The Hyatt Hotels Takeaways: The rebound in...

Las Vegas, Nevada, and Macau, China, are two of the largest global casino gambling hubs. Both gaming destinations took big hits during the COVID-19 pandemic, but the latest gross gaming revenue numbers suggest the Vegas recovery continues to outshine struggling Macau. The Numbers: Many Americans...

Online gaming stocks have taken a big hit in recent months, but Bank of America analyst Shaun Kelley said there was a “surge” in U.S. online sports betting (OSB) revenue in November. The Numbers: Total digital gross gaming revenue (GGR) in November was up 25% month-over-month and 129%...

Las Vegas, Nevada, and Macau, China, are two of the largest global casino gambling hubs. Both gaming destinations took big hits during the COVID-19 pandemic, but the latest gross gaming revenue numbers suggest Vegas is bouncing back strong while Macau is still struggling. The Numbers: Many...

Shares of online gambling stocks have tanked in the past two months, and Bank of America analyst Shaun Kelley recently took a closer look at the group to try to determine what has gone wrong in the digital gambling market. MGM Resorts International (NYSE: MGM), Draftkings Inc (NYSE: DKNG) and...

Gaming and lodging stocks took a big hit on Friday following news of the new omicron variant of COVID-19. Despite that, Bank of America analyst Shaun Kelley said Monday there are plenty of gaming and lodging stocks to buy on the dip heading into 2022. Gaming Picks: In the casino space, Kelley...

Macau casino stocks took a huge hit on Friday following the arrest of 10 casino junket officials. On Monday, Bank of America analyst Shaun Kelley said the arrests are just the latest example of Macau being a high-risk speculative bet at this point. Related Link: If You Invested $1,000 In Penn...

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...

Bank of America just reported its latest U.S. online sports betting (OSB) app download numbers for the month of September, and the data suggests MGM Resorts International (NYSE: MGM) and Caesars Entertainment Inc (NYSE: CZR) are making big strides in gaining market share in the high-growth business...

On Monday, Blackstone Inc (NYSE: BX) announced the sale of The Cosmopolitan resort in Las Vegas for $5.65 billion. Blackstone Real Estate Income Trust (BREIT), Stonepeak and the Cherng Family Trust acquired The Cosmopolitan's real estate in the deal for $4.025 billion, while MGM Resorts...