Shaun Kelley

The delta variant of COVID-19 has delayed the anticipated return to in-office work and business travel, and one analyst said Monday that lodging stocks may continue to underperform. The Analyst: Bank of America analyst Shaun Kelley has downgraded Hyatt Hotels Corporation (NYSE: H) from Neutral to...

Bank of America has released its latest U.S. online sports betting and iGaming numbers for the month of August, and the new data suggests Draftkings Inc (NYSE: DKNG) and Flutter Entmt ADR (OTC: PDYPY) subsidiary FanDuel are still dominating the nation’s largest online sports betting markets....

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...

DraftKings Inc (NASDAQ: DKNG) became the latest gambling stock to complete a major merger deal earlier this week when the company announced a $1.56 billion buyout of Golden Nugget Online Gaming (NASDAQ: GNOG). Bank of America analyst Shaun Kelley said there are plenty of things for DraftKings...

Shares of Wynn Resorts, Limited (NASDAQ: WYNN) traded lower by nearly 5% on Monday morning after the stock was downgraded on concerns about the lagging casino recovery in Macau. The Analyst: Bank of America analyst Shaun Kelley downgraded Wynn from Buy to Neutral and cut his price target from $130...

Penn National Gaming, Inc (NASDAQ: PENN) announced a $2 billion buyout of Score Media and Gaming Inc (NASDAQ: SCR) on Thursday, and Bank of America analyst Shaun Kelley said there are plenty of reasons for Penn investors to love the deal. On Friday, Kelley said Penn’s acquisition of theScore...

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...

It’s been a long road back for Las Vegas casinos since the pandemic hit last year, but one metric suggests next weekend could be a big weekend for Vegas. The Numbers: Bank of America analyst Shaun Kelley said Vegas Strip room rates are more than 50% above 2019 levels heading into the...

MGM Resorts International (NYSE: MGM) announced Tuesday the sale of its Springfield, Massachusetts, real estate assets to its REIT MGM Growth Properties LLC (NYSE: MGP) for $400 million. What Happened? The Springfield property is the latest in a series of MGM properties the company has transferred...

Draftkings Inc (NASDAQ: DKNG) shares were retreating Monday after the company reported a better-than-expected loss in the first quarter and raised its full-year guidance. For the first quarter, DraftKings reported a 36-cent EPS loss on Friday, beating the 41-cent loss analysts...

The U.S. online sports betting market is booming, and the March Madness NCAA basketball tournament was a key catalyst for a 559% surge in sports betting app downloads in March. March Madness Bump: Bank of America analyst Shaun Kelley said March Madness coupled with easy year-over-year comps due to...

Vail Resorts, Inc. (NYSE: MTN) is well-positioned to benefit from “high-end pent-up leisure demand” in the forthcoming ski season, according to BofA Securities. The Vail Resorts Analyst: Shaun Kelley upgraded the rating for Vail Resorts from Neutral to Buy, while maintaining the price...

Michigan is a "No. 1 seed for online growth" in sports betting and iGaming, BofA Securities analyst Shaun Kelley said Monday.  After a strong 10-day launch in January, online sports betting and iGaming in Michigan showed no signs of slowing down, the analyst said in an update on...

Although BofA Securities sees DraftKings Inc. (NASDAQ: DKNG) and FanDuel as the initial captains of the sports betting space, analyst Shaun Kelley said both Penn National Gaming Inc. (NASDAQ: PENN) and MGM Resorts International (NYSE: MGM) “are formidable opponents” that continue to...

MGM Resorts International (NYSE: MGM) shares traded higher on Monday after the company landed an analyst upgrade as it continues to roll out its BetMGM sports betting app. The Analyst: Bank of America analyst Shaun Kelley upgraded MGM from Underperform to Neutral and raised his price target from $...