7584 stories by Devin O'Connor
Sheldon Adelson Supports Trump Pandemic Response, Will Pay Sands Workers for Two Months
Billionaire Sheldon Adelson says it's no time for companies to be more concerned with their share prices than their employees. Thus, the Las Vegas Sands founder and chairman is leading by example. In a letter published in the New York Post, Adelson...
MGM Resorts Sagging Stock Attracts Icahn Protege, Company Director Keith Meister
The stock price of MGM Resorts has plunged from the economic fallout of the coronavirus pandemic. But one of the company's largest shareholders is only further increasing his stake in the struggling casino behemoth. Activist investor Keith Meister, who was appointed to...
Caesars Execs Receive $535K in Stock Awards, Compensation Greatly Reduced by Pandemic
Caesars Entertainment paid out on annual stock awards to several executives this week. But the value of the compensation was much lower due to the economic downfall inflamed by the COVID-19 pandemic. More than 78,000 shares of the casino company were awarded...
Southwest Airlines, Las Vegas’ Largest Carrier, Slashes Scheduled Flights by 40 Percent
Southwest Airlines transports more passengers to and from Southern Nevada than any other airliner. But beginning May 3, the company's service schedule is being greatly reduced by the COVID-19 pandemic. Andrew Watterson, chief commercial officer for Southwest, says flight activity will be...
Nevada Casinos Closed Through April 30, as Gov. Sisolak Issues Stay-at-Home Order
Nevada casinos will remain closed at least through the end of April as a result of Gov. Steve Sisolak's (D) stay-at-home order. Sisolak issued the directive today, which requires all schools, non-essential businesses, and casinos to be closed through April 30. The...
No April Fools: Wimbledon, All Major Tennis Canceled Through July 13
The Wimbledon Championships have been canceled by the COVID-19 pandemic, as have all ATP and WTA tennis tournaments through July 13. Wimbledon was scheduled to run June 29 to July 12. The All England Club confirmed on April 1 what many expected:...
Macau Casinos Win $659M in March, Represents 80 Percent Decline From 2019
Macau casinos won $659 million on their gaming floors in March, a nearly 80 percent decline compared to the same month in 2019. The Special Administrative Region (SAR) remains on lockdown from the COVID-19 pandemic. In mid-March, Macau officials announced a ban...
Pandemic Delays Atlantic City Casino 2020 Profit Reports
Atlantic City casinos will have another month to disclose to the state their Q4 and full-year 2019 profit reports because of the ongoing COVID-19 pandemic that has shuttered their resort operations. In a notice posted to the New Jersey Division of Gaming...
ATP Tour Unveils Virtual Tennis Product to Fill Live Sports Bet Void
Could simulated virtual tennis matches fill the current sports betting void being experienced around the world? Sports data firm IMG Arena and the ATP Tour are betting on just that. This week, IMG Arena announced its virtual tennis product will debut sometime...
Casino Magnate Sheldon Adelson Personally Donates Two Million Masks to US Hospitals
Billionaire Sheldon Adelson, the founder and CEO of the Las Vegas Sands casino empire, has personally donated two million masks to United States hospitals. Adelson ranks No. 17 on Forbes' list of wealthiest Americans, his fortune today estimated at $29.3 billion. While...
