Penn Could Mull Tech Buy to Bolster ESPN Bet
Penn Entertainment (NASDAQ: PENN) could consider a technology-related acquisition this year in an effort to prop up its ESPN Bet online sports betting unit. An image from an ESPN Bet tutorial. Parent company Penn Entertainment could consider a tech acquisition. (Image: YouTube) That’s the take of Eilers & Krejcik Gaming (EKG), which said in a […]
Wynn Praised for Strategy of Crown London Buy
Last week, Wynn Resorts (NASDAQ: WYNN) announced the acquisition of the Crown London, a small, private casino in the Mayfair District, and while it’s not the typical property-level purchase executed by a US gaming value, the deal has merit. The Crown London, a private casino. An analyst praised Wynn Resorts’ purchase of the venue. (Image: […]
Wynn Buying Crown London Casino from Crown Resorts
Wynn Resorts (NASDAQ: WYNN) announced late Thursday that it’s purchasing the famed Crown London casino from current operator Crown Resorts. The Crown London, a private casino. Wynn Resorts is buying the venue for an undisclosed price. (Image: Crown London) Financial terms of the transaction, which is expected to close in the second half of this […]
Golden Entertainment Real Estate Sale Could Lift Stock, Says Analyst
Shares of Golden Entertainment (NASDAQ: GDEN) could be galvanized this year if the casino operator decides to sell some or all of its real estate holdings. Golden Entertainment’s corporate logo. The company could explore real estate sales this year, said an analyst. (Image: PR Newswire) That’s the view of Deutsche Bank analyst Carlo Santarelli, who […]
Caesars ‘Sell’ Rating Reiterated by CFRA, More Asset Sales Possible
Shares of Caesars Entertainment (NASDAQ: CZR) started 2025 on a downbeat note, shedding 2.48% on above-average volume on the first trading day of the year after a research firm “reiterated” a sell rating on the stock while cutting its price target. Caesars Palace Las Vegas. The operator could sell assets this year to reduce, said […]
Casino Mergers and Acquisitions Could Surge in 2025
Supported by declining interest rates and a more favorable regulatory regime, gaming industry, including casinos, mergers and acquisitions activity could perk up in 2025. The Las Vegas Strip at night. Lower interest rates and less regulatory scrutiny could drive casino mergers and acquisitions in 2025. (Image: Getty) That was one of the takeaways from Truist […]
Tilman Fertitta Ambassadorship Would Lengthen Odds of Wynn Activism
Tilman Fertitta’s potential appointment as US ambassador to Italy could diminish the chances he takes on an activist role at Wynn Resorts (NASDAQ: WYNN), the casino operator in which he owns nearly 10% of the stock. Golden Nugget CEO Tilman Fertitta’s potential appointment as ambassador to Italy lowers the likelihood of him becoming an activist […]
Penn Entertainment Lifted by JPMorgan Upgrade
Shares of Penn Entertainment (NASDAQ: PENN) closed higher by 3.90% today on volume that was well above the daily average after JPMorgan upgraded the gaming stock. A slide from a Penn Entertainment investor presentation. JPMorgan upgraded the stock today, sparking a rally. (Image: Penn Entertainment) In a new report to clients, analyst Joseph Greff lifted […]
Wynn Unlikely to See Activist Action, Says Analyst
Wynn Resorts (NASDAQ: WYNN) stock is higher by 10.09% over the past month, a period in which a well-known investor upped his stake in the casino operator, but some analysts don’t believe a takeover offer is on the table. Wynn and Encore on the Las Vegas Strip. An analyst is bullish on the operator’s bonds […]
Flutter Stock Could Double in 4 Years, Says Analyst
Shares of Flutter Entertainment (NYSE: FLUT) closed higher by 1% today after an analyst said the stock has the potential to more than double to $600 over the next four years. The gaming equity closed at $277.47 today. The Flutter logo as seen in an investor deck. An analyst says the stock could more than […]
