5402 stories by Todd Shriber
Everi, Golden Entertainment Among Gaming Equity Free Cash Flow Leaders
With interest rates rising and inflation soaring, companies’ ability to generate free cash flow (FCF) is all the more important. The gaming industry is home to several that are answering that call. In a note to clients today, Roth Capital analyst Edward...
Light & Wonder Slashes Debt to $4 Billion from $8.8 Billion
Light & Wonder (NASDAQ:SGMS) is firming its balance sheet in a big way, announcing that its debt burden is now $4 billion, down from $8.8 billion. Through a series of transactions, including the sale of its SG Lottery unit, the company formerly...
DiamondJacks Bossier City Could Be for Sale
DiamondJacks Casino in Bossier City, La., appears to be on course to be sold as a regulatory deadline to reopen the venue nears. The Louisiana Gaming Control Board (LGCB) recently extended to owner Peninsula Pacific Entertainment (P2E) 60 days to reopen the...
Las Vegas Place To Be for Casino Stock Investors
This year has brought struggles to gaming equities this year. But investors shouldn't leave Las Vegas, according to Macquarie analyst Chad Beynon and team. In a report out Thursday, the analysts point out searches for Las Vegas travel are soaring, and that could...
Thailand Casino Study Will Be Submitted in May
A committee studying the feasibility of bringing an integrated resort to Thailand is scheduled to submit its findings to the country’s House of Representatives next month. The so-called extraordinary committee studying the matter is made up of 60 members -- 15 cabinet...
New York Casinos to Have Varying Credit Effects on Operators, Says Fitch
New York’s 2023 budget features a process to award three downstate casino licenses. The potential for added competition from the largest US city is expected to have a mixed impact on the credit profiles of established operators in the Northeast, according to...
Stars Casino Moving to New California Location
Stars Casino, a card room located in Tracy, Calif., is moving to another location in that city, paving the way to add more jobs and gaming space. In February, the city approved a conditional use permit for Stars to move to a...
Caesars Evaluating Casino Gaming in Dubai
Speculation is increasing the United Arab Emirates (UAE) is warming to the idea of allowing casino gaming. That could prompt Caesars Entertainment to evaluate related opportunities in Dubai, where it currently operates a non-gaming hotel. Anthony Costa, regional president at Caesars Palace,...
Melco Stock Slides on Addition to Potential Delistment List
Shares of Melco Resorts & Entertainment (NASDAQ:MLCO) slipped 2.24% Tuesday.That's after the stock was added to a group of Chinese equities trading in New York that could be booted from US exchanges. Earlier today, the Securities and Exchange Commission (SEC) added a...
Macau Outlook Worsens, UBS Sees Five Years to Rebound
As coronavirus cases surge in mainland China, the Chinese Communist Party (CCP) is again employing harsh, ineffective lockdowns, sapping Macau’s recovery prospects in the process. Research firms are taking note that none of the most recent batch of commentary on the world’s...
