Shaun Kelley

DraftKings Inc (NASDAQ:DKNG) analyst sees areas of opportunity for the sports betting company to surprise with financial guidance in third-quarter earnings as the company competes with FanDuel for market share in the sports betting sector. The DraftKings Analyst: Bank of America analyst Shaun C....

Penn Entertainment Inc (NASDAQ:PENN) shares rose in early trading on Monday, even after shedding around 3% in premarket trading. The company reported disappointing first-quarter results earlier this month and the ESPN Bet market share is now "too low," according to BofA Securities. The Penn...

Sports betting company DraftKings Inc (NASDAQ:DKNG) reported first-quarter revenue and earnings per share that beat analysts' estimates. Analysts share their reaction to the report and DraftKings' raised full-year guidance: Truist analyst Barry Jonas has a Buy rating and $55 price target. Bank of...

Shares of DraftKings Inc (NASDAQ:DKNG) are seeing a lift on Wednesday after Bank of America Corp (NYSE:BAC) Global Securities called the stock a "king.” It’s time for the sports-betting giant to "take the throne," the firm said. Here's what investors need to know. The DKNG Analyst:...

Gaming stocks have performed well in 2023 as Las Vegas travel trends have normalized and Macau gaming has surged following the lifting of China's COVID-19 restrictions. Casino fundamentals remain positive heading into the summer travel season, according to Bank of America analyst Shaun Kelley....

Macau casino stocks have rallied so far in 2023 as China has lifted most of its COVID-19 travel restrictions. However, Macau gaming revenue still hasn't recovered to 2019 levels, and some investors may be worried that the stocks may have limited additional upside from here. The Numbers: On...

Sports betting giant DraftKings Inc (NASDAQ: DKNG) beat revenue estimates in the fourth quarter and raised its 2023 guidance. Here's what analysts have to say about the report and the company's path forward. JMP Securities analyst Jordan Bender has a Market Outperform rating and a price...

Gambling stocks PENN Entertainment Inc (NASDAQ: PENN) and Caesars Entertainment Inc (NASDAQ: CZR) each traded lower Wednesday after one Wall Street casino stock analyst downgraded both stocks. The Casino Analyst: Bank of America analyst Shaun Kelley downgraded Penn from Buy to Neutral and cut...

Shares of U.S.-listed Macau casino operators traded mostly higher on Monday after each was awarded new 10-year concessions over the weekend to continue operating. What Happened? The six legacy Macau casino operators were each awarded new gaming concessions, or licenses that will begin on Jan. 1,...

The latest monthly gross gaming revenue (GGR) numbers for Las Vegas and Macau, China are out on Monday, and the numbers continue to tell a story of two gaming hubs headed in completely opposite directions. The Numbers: The Las Vegas Strip reported $735 million in GGR in June, flat month-over-month...

It's been a volatile year for casino and online gaming stocks so far. On Monday, one Wall Street analyst adjusted his expectations for gaming stocks ahead of second-quarter earnings season. The Analyst: Bank of America analyst Shaun Kelley made the following adjustments to gaming stock price...

Gambling stocks traded sharply lower on Monday morning as Macau casinos shut down for a week. In response, one Wall Street analyst cut his price targets for U.S.-listed casino stocks with exposure to Macau. The Analyst: Bank of America analyst Shaun Kelley issued the following price target cuts on...

MGM Resorts International (NYSE: MGM) shares traded lower by 3.5% on Tuesday after the company reported first-quarter earnings and revenue beats but a quarterly drop in Las Vegas Strip occupancy. On Monday, MGM reported adjusted first-quarter EPS of 1 cent, exceeding analyst estimates of an 8-cent...

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...