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Fly News Breaks for January 8, 2020
CZR, LVS, NCLH, SGMS, OSW, ERI
Jan 8, 2020 | 07:13 EDT
Stifel analyst Steven Wieczynski said he expects several of the key investment themes that powered many of the Gaming & Leisure stocks he covers to outperform in 2019 to continue into 2020, backed by a relatively healthy North American consumer. He named Eldorado Resorts (ERI) as his top idea for 2020, as he sees the potential for considerable value to be created for stakeholders as the pending acquisition of Caesars (CZR) is successfully integrated. As previously reported, Stifel analyst Brad Boyer also upgraded Scientific Games (SGMS) to Buy from Hold this morning and that stock was also named as among the firm's top Gaming & Leisure picks. Other top ideas for 2020 in the space include OneSpaWorld (OSW), Norwegian Cruise Line (NCLH) and Las Vegas Sands (LVS), Stifel's team stated.
News For ERI;OSW;SGMS;NCLH;LVS;CZR From the Last 2 Days
LVS, CZR
Feb 25, 2021 | 14:21 EST
A bill has been introduced in Florida's House of Representatives that is intended to authorize wagers on sports events, provide duties of Division of Pari-mutuel Wagering, authorize application to division for license to operate sports pool, require annual renewal of license, and prohibit sports pools from being offered by anyone other than division or licensee, according to a post to the state's Senate website. The effective date would be "October 1, 2021, if HB 1319 and HB 1321 or similar legislation are adopted in the same legislative session or an extension thereof and become law," according to the post. Publicly traded companies in gambling the space include Boyd Gaming (BYD), Caesars (CZR), Churchill Downs (CHDN), DraftKings (DKNG), Flutter Entertainment (PDYPY), Gan Limited (GAN), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN), William Hill (WIMHY) and Wynn Resorts (WYNN).
CZR
Feb 25, 2021 | 13:52 EST
Notable companies reporting after the market close, with earnings consensus, include Salesforce (CRM), consensus 75c... Airbnb (ABNB), consensus ($9.16)... Autodesk (ADSK), consensus $1.07... Workday (WDAY), consensus 55c... VMware (VMW), consensus $2.05... Dell Technologies (DELL), consensus $2.14... DoorDash (DASH), consensus (14c)... Monster (MNST), consensus 62c... Carvana (CVNA), consensus (47c)... Rocket Companies (RKT), consensus 87c... HP Inc. (HPQ), consensus 66c... Zscaler (ZS), consensus 8c... Etsy (ETSY), consensus 59c... Live Nation (LYV), consensus ($2.30)... Caesars (CZR), consensus ($1.76)... Sunrun (RUN), consensus 12c... Beyond Meat (BYND), consensus (13c)... First Solar (FSLR), consensus $1.23... Nikola (NKLA), consensus (23c)... Fisker (FSR), consensus (5c)... Shake Shack (SHAK), consensus (11c)... LivePerson (LPSN), consensus 0c... Allscripts (MDRX), consensus 21c... Sprouts Farmers Market (SFM), consensus 39c... Endo International (ENDP), consensus 48c... WW International (WW), consensus 32c.
LVS, CZR
Feb 25, 2021 | 09:34 EST
Reports January Las Vegas Strip gaming win down 43.8% to $321.53M. Publicly traded companies in the gambling space include Boyd Gaming (BYD), Caesars (CZR), Churchill Downs (CHDN), DraftKings (DKNG), Flutter Entertainment (PDYPY), Gan Limited (GAN), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN), William Hill (WIMHY) and Wynn Resorts (WYNN).
NCLH
Feb 25, 2021 | 09:01 EDT
Check out this morning's top movers from around Wall Street, compiled by The Fly.  HIGHER - Pandion... To see the rest of the story go to thefly.com. See Story Here
NCLH
Feb 25, 2021 | 07:05 EST
For the first quarter of 2021, the Company expects the average cash burn rate to temporarily remain elevated at approximately $190 million per month, or approximately $170 million per month excluding non-recurring debt modification costs, as it ramps down relaunch-related expenses and repatriates crew. The Company has incurred approximately $60 million of one-time debt deferral and modification costs and fees in the first quarter of 2021 as a result of successful debt deferrals and covenant waivers and suspensions, which combined with newbuild payment extensions, have resulted in approximately $1 billion of additional liquidity over the next 12 months. Once the ramp down of relaunch-related expenses are complete, the Company expects its average cash burn rate to decrease and remain at reduced levels until return to service preparations resume.
NCLH
Feb 24, 2021 | 09:40 EST
Unusual total active option classes on open include: Melco Resorts (MLCO), Lowe's (LOW), Mosaic (MOS), American Airlines (AAL), Norwegian Cruise Line (NCLH), ProShares UltraPro Short QQQ (SQQQ), Petrobras (PBR), and iShares 20 Year Treasury Bond ETF (TLT).
LVS, CZR
Feb 23, 2021 | 13:17 EST
The Texas legislature is proposing a constitutional amendment authorizing the legislature to legalize sports wagering, according to a post on Texas Legislature Online. Publicly traded companies in the gambling space include Boyd Gaming (BYD), Caesars (CZR), Churchill Downs (CHDN), DraftKings (DKNG), Flutter Entertainment (PDYPY), Gan Limited (GAN), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN), William Hill (WIMHY) and Wynn Resorts (WYNN).