Thomas Allen

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...

It's been a brutal year for Penn National Gaming, Inc (NASDAQ: PENN) investors, but the stock got a much-needed boost from a high-profile analyst upgrade on Monday. The Analyst: Morgan Stanley analyst Thomas Allen upgraded Penn from Equal Weight to Overweight but cut his price target from $55...

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...

The Las Vegas gaming market seems to be delivering a faster- and stronger-than-expected recovery, with “especially positive booking trends," according to Morgan Stanley. The Gaming Market Analyst: Thomas Allen upgraded the ratings for MGM Resorts International (NYSE: MGM) and Caesars...

Draftkings Inc (NASDAQ: DKNG) held an investor day on March 9 to discuss the company’s total addressable market and a look into the future. Analysts shared their reactions to the presentation. The DraftKings Analysts: Bank of America analyst Shaun C. Kelley reiterates a Neutral rating ...

DraftKings Inc (NASDAQ: DKNG) received several price target raises after the strong fourth quarter reported on Friday. The DraftKings Analysts: Canaccord Genuity analyst Michael Graham reiterates a Buy rating and raises the price target from $65 to $80. Bank of America analyst Shaun C. Kelley...

Pure play sports betting company DraftKings Inc (NASDAQ: DKNG) gets an upgrade on Wednesday based on the total addressable market size rising with additional states launching and legalizing sports betting and iGaming. The DraftKings Analyst: Morgan Stanley's Thomas Allen upgraded DraftKings...

Caesars Entertainment Inc (NASDAQ: CZR) shares are up 109% over the last six months, which has led to a downgrade on valuation and some risks ahead. The Caesars Analyst: Morgan Stanley analyst Thomas Allen downgraded Caesars from Overweight to Equal-Weight and kept a price...

The coronavirus recovery in China is a plus for a casino stock that's trading at the same levels it did in April, according to a Morgan Stanley analyst.  The Wynn Resorts Analyst: Thomas Allen upgraded Wynn Resorts (NASDAQ: WYNN) from Equal-weight to Overweight and raised ...

After impressive 2020 share gains by the sports betting stocks, Morgan Stanley is downgrading shares of Draftkings Inc (NASDAQ: DKNG) and Penn National Gaming, Inc. (NASDAQ: PENN). The Analyst: Morgan Stanley analyst Thomas Allen downgrades DraftKings with a price target of $37. Allen...

COVID-19 lockdowns and casino closures have been a major blow to casino stocks. But Morgan Stanley analyst Thomas Allen says 2020 continues to be a huge year for iGaming and Draftkings Inc (NASDAQ: DKNG). What To Know New Jersey iGaming revenue was up 123% year-over-year in the month of June,...

Las Vegas Sands Corp. (NYSE: LVS) has outperformed peers with a near 30% surge since August. One analyst team thinks its luck has run out. The Rating Morgan Stanley analysts Thomas Allen and Praveen Choudhary downgraded Las Vegas Sands to Equal-Weight but raised their price target from $65 to $72....

MGM Resorts International (NYSE: MGM) is unlikely to deliver second-quarter outperformance when it reports results July 25, according to Morgan Stanley. The Analyst Thomas Allen downgraded MGM Resorts International from Overweight to Equal-weight and reduced the price target from $32 to $...

Media giant Fox Corp (NASDAQ: FOXA) said Wednesday that its Fox Sports unit will launch a new national media and sports wagering platform, Fox Bet, through an investment in Stars Group Inc (NASDAQ: TSG). The Analyst Morgan Stanley's Thomas Allen maintains an Equal-weight rating on...

Shares of MGM Resorts International (NYSE: MGM) are falling despite reporting a fourth-quarter sales beat on Wednesday. The casino operator reported fourth quarter adjusted earnings of 11 cents per share, falling in-line with consensus estimates. Sales came in at $3.053 billion, beating estimates...