3996 stories by Todd Shriber
Las Vegas-Area Casino Guaranteeing $574K Progressive Slot Jackpot
Club Fortune Casino in the Las Vegas suburb of Henderson is guaranteeing the largest jackpot in that town’s history. It announced today (Tues. Sept. 6) it’s partnering with slot machine manufacturer Light & Wonder to award $573,777 on a Quarter Millions machine....
Circa Staring at More Than $4M in Overlays for Football Contests
With less than four days before entry deadlines arrive, Circa Sports is looking at overlays -- the cash the gaming company has to pony up itself -- to meet the guaranteed $12 million in prizes for its two famous NFL contests. On...
Nebraska Sports Betting Appears Years Away
Thirty one states and Washington, DC currently have live and legal sports wagering, and several more are in the legal though not operational stage. But Nebraska is unlikely to soon join the fray. While the first WarHorse racino is slated to open...
Caesars Stock Could Be Super in September
On a historical basis, September is the worst month of the year for the S&P 500. But some members of the widely followed equity gauge often thrive in the ninth month of the year. That group includes Caesars Entertainment (NASDAQ:CZR). While the...
Casino Stock Winners Have Free Cash Flow, Online Exposure
Casino stocks are incurring plenty of punishment this year, but some analysts see opportunity in the group. That's particularly among digital gaming names, as well as those generating ample amounts of free cash flow. While gross gaming revenue (GGR) at regional casinos...
Red Rock Resorts Shuttering Wild Wild West, Will Redevelop Property
Red Rock Resorts (NASDAQ:RRR) said today it is closing the Wild Wild West Gambling Hall & Hotel. That venue will be demolished in anticipation of future redevelopment. Wild Wild West, which is located at the intersection of I-15 and Tropicana, did away...
Penn Entertainment Pushed Out of S&P 500
Penn Entertainment’s (NASDAQ:PENN) lengthy share price decline is leading to the stock’s removal from the S&P 500. S&P Dow Jones Indices made the announcement today after the close of US markets, noting the regional casino operator and PVH Corp. (NYSE:PVH) are getting...
IGT Will Repurchase up to $500M of Outstanding Debt
International Game Technology (NYSE:IGT) is taking added steps to firm its balance sheet. Today, it told investors it will repurchase up to $500 million worth of its outstanding corporate debt. The slot machine manufacturer said the buyback plan will pertain to two...
Macau Slots, Table Games Limit Could Pinch Sands China
Even distribution of slot machines and table games across the various integrated resorts operated by Macau concessionaires could be problematic for Sands China, according to Morgan Stanley analysts. Under the special administrative region’s (SAR) new gaming laws, regulators limit slots to 12,000...
Regional Casinos Get July Boost from Lower Gas Prices
The national average gas price is $3.829 per gallon, according to AAA, well above levels seen in late 2020, but off the highs set earlier this year. Those declines provided some support to regional casinos’ July gross gaming revenue (GGR) figures. GGR...
