Top Casino Stocks To Buy Right Now

Paddy Power Betfair Plc agreed to combine its U.S. unit with closely held website FanDuel, as the Irish bookmaker seeks to gain from an expected rise in sports betting following a Supreme Court ruling this month.

Paddy Power will own 61 percent of the combined business after contributing its U.S. assets and $158 million of cash, the Dublin-based company said Wednesday in a statement. That ownership could increase to 80 percent after three years and 100 percent after five years through call and put options.

“We are excited to add FanDuel to the group’s portfolio of leading sports brands,” Peter Jackson, chief executive officer of Paddy Power, said in the statement. “This combination creates the industry’s largest online business in the U.S., with a large sports-focused customer base and an extensive nationwide footprint.”

It’s the first of a possible wave of deals involving betting companies in the U.S. after a Supreme Court decision May 14 that struck down the federal law which had barred single-game gambling in most of the country. Shares of U.S. casino companies and bookmakers rallied on anticipation of the decision, which means that sports betting could begin in a matter of weeks in casinos and racetracks in New Jersey, the state that had instigated the legal fight to introduce sports betting.

Top Casino Stocks To Buy Right Now: Cullen/Frost Bankers, Inc.(CFR)

Advisors’ Opinion:

  • [By Joseph Griffin]

    BlackRock Inc. grew its stake in shares of Cullen/Frost Bankers, Inc. (NYSE:CFR) by 2.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,251,719 shares of the bank’s stock after acquiring an additional 140,956 shares during the period. BlackRock Inc. owned about 8.23% of Cullen/Frost Bankers worth $557,051,000 at the end of the most recent quarter.

  • [By Ethan Ryder]

    Get a free copy of the Zacks research report on Cullen/Frost Bankers (CFR)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Stephan Byrd]

    Get a free copy of the Zacks research report on Cullen/Frost Bankers (CFR)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Anders Bylund, Jason Hall, Danny Vena, Jordan Wathen, and Brian Feroldi]

    In that spirit, we asked a few of our Motley Fool investors what they see as the best investment ideas at the start of July, 2018. They were quick to suggest Chinese e-commerce giantBaidu(NASDAQ:BIDU), coffee giant Starbucks (NASDAQ:SBUX), clean energy specialist TerraForm Power (NASDAQ:TERP), semiconductor veteran Intel, (NASDAQ:INTC), and Texan bankCullen/Frost Bankers(NYSE:CFR).

Top Casino Stocks To Buy Right Now: FIRST REPUBLIC BANK(FRC)

Advisors’ Opinion:

  • [By Logan Wallace]

    Freicoin (CURRENCY:FRC) traded down 19.6% against the dollar during the 1-day period ending at 20:00 PM E.T. on June 7th. One Freicoin coin can now be purchased for about $0.0069 or 0.00000090 BTC on cryptocurrency exchanges. Freicoin has a total market cap of $214,550.00 and $25.00 worth of Freicoin was traded on exchanges in the last day. Over the last seven days, Freicoin has traded 15.6% higher against the dollar.

  • [By Shane Hupp]

    Mackay Shields LLC bought a new stake in First Republic Bank (NYSE:FRC) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 12,402 shares of the bank’s stock, valued at approximately $1,149,000.

  • [By Motley Fool Staff]

    First Republic Bank (NYSE:FRC) Q1 2018 Earnings Conference CallApril 13, 2018 10:00 a.m. ET

    Contents:
    Prepared Remarks Questions and Answers Call Participants
    Prepared Remarks:

    Operator

  • [By Joseph Griffin]

    Get a free copy of the Zacks research report on First Republic Bank (FRC)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Shane Hupp]

    Freicoin (FRC) is a proof-of-work (PoW) coin that uses the
    SHA-256 hashing algorithm. It launched on December 21st, 2012. Freicoin’s total supply is 100,000,000 coins and its circulating supply is 31,000,264 coins. Freicoin’s official Twitter account is @Freicoin and its Facebook page is accessible here. Freicoin’s official website is freico.in. Freicoin’s official message board is freicoinalliance.com.

Top Casino Stocks To Buy Right Now: BancFirst Corporation(BANF)

Advisors’ Opinion:

  • [By Shane Hupp]

    Get a free copy of the Zacks research report on BancFirst (BANF)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

  • [By Joseph Griffin]

    BidaskClub upgraded shares of BancFirst (NASDAQ:BANF) from a buy rating to a strong-buy rating in a research report sent to investors on Thursday.

    BANF has been the subject of several other reports. Zacks Investment Research upgraded shares of BancFirst from a hold rating to a buy rating and set a $65.00 target price for the company in a research report on Monday, April 23rd. ValuEngine upgraded shares of BancFirst from a sell rating to a hold rating in a research report on Wednesday, May 2nd. Finally, Keefe, Bruyette & Woods restated a hold rating and set a $60.00 target price on shares of BancFirst in a research report on Friday, April 20th.

  • [By Shane Hupp]

    Get a free copy of the Zacks research report on BancFirst (BANF)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

Top Casino Stocks To Buy Right Now: Dave & Buster's Entertainment, Inc.(PLAY)

Advisors’ Opinion:

  • [By Jim Crumly]

    As for individual stocks, RH (NYSE:RH)jumped on strong profit growth and Dave & Buster’s Entertainment (NASDAQ:PLAY) rose after reporting first-quarter results and announcing plans for expanding its offering of exclusive virtual reality titles.

  • [By Demitrios Kalogeropoulos]

    The week ahead will likely bring more volatility, particularly for shareholders ofDave & Buster’s(NASDAQ:PLAY), H&R Block(NYSE:HRB), and Michaels(NASDAQ:MIK)as each of these companies is set to announce quarterly earnings results over the next few days. Let’s look at a few key trends to watch for in the reports.

  • [By Max Byerly]

    Summit Trail Advisors LLC lifted its stake in shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) by 54.2% in the first quarter, Holdings Channel reports. The fund owned 39,012 shares of the restaurant operator’s stock after acquiring an additional 13,710 shares during the quarter. Summit Trail Advisors LLC’s holdings in Dave & Buster’s Entertainment were worth $1,257,000 at the end of the most recent reporting period.

  • [By Demitrios Kalogeropoulos]

    Dave & Buster’s(NASDAQ:PLAY) will announce its first-quarter results after the market closes on Monday, June 11. The report should attract plenty of investor attention since it’s the restaurant chain’s first earnings update following a difficult fiscal 2017. While Dave & Buster’s growing store base helped it set records on both its top and bottom lines last year, sales shrank at its existing locations, and profitability declined.

  • [By Nicholas Rossolillo]

    Shares of Dave & Buster’s Entertainment (NASDAQ:PLAY) are up over 16% as of this writing on the back of better-than-expected first-quarter 2018 results reported June 11. That sentence deserves an asterisk, though, as both same-restaurant sales and entertainment sales declined once again. This is in spite of an overall restaurant industry that is beginning to show signs of recovery, which leaves this chain with some questions in need of answers.

Leave a Reply

Your email address will not be published. Required fields are marked *