5254 stories by Todd Shriber
Melco Dividend Not Returning Prior to 2024, Says Moody’s
Melco Resorts & Entertainment (NASDAQ:MLCO) is unlikely to join the ranks of casino operators restoring dividends this year or in 2023. In a recent note, Moody’s Investors Service says Lawrence Ho’s gaming company probably won’t be able to restart its cash payout...
Las Vegas NBA Expansion: Commissioner Adam Silver Says Don’t Soon Bet On It
The NBA-to-Las Vegas rumor mill may be poised for closure, and a lengthy one at that, as Commissioner Adam Silver refuted the notion the league will be expanding over the next several years. In remarks delivered earlier today prior to the start...
Texas Station and Fiesta Rancho Remaining Shuttered Through June 2023
At least two of the four gaming venues temporarily closed by Station Casinos during the early days of the coronavirus pandemic will remain that way for another year. The North Las Vegas City Council signed off on extending the “non-operational” status of...
Sands CEO Rob Goldstein Sees Macau Rebounding, Comfortable with Licensing
Las Vegas Sands (NYSE:LVS) CEO Rob Goldstein is comfortable with the gaming licensing situation in Macau, and believes it’s just a matter of time before the world’s largest casino center rebounds. Goldstein made the remarks at Bernstein’s 38th Annual Strategic Decisions Conference,...
Boyd Gaming Joins Buyback Binge with $500M Plan
Boyd Gaming (NYSE:BYD) is joining the gaming industry share buyback bonanza, today revealing a $500 million repurchase program. Potentially making that announcement all the more meaningful for investors is that this isn’t a new buyback scheme. Rather, the $500 million worth of...
Coolbet CEO Svendsen Rips GAN Leadership in LinkedIn Post
Former Coolbet CEO and founder Jan Svendsen recently took to LinkedIn with scathing commentary on GAN Ltd. (NASDAQ:GAN) -- the gaming technology provider that acquired his company last year. Svendsen, a 35-year gaming industry veteran with a track record of starting companies...
Caesars Offering $5,250 Annually in Student Loan Assistance for Staffers
Workers across a variety of industries struggle to service student loan obligations. But Caesars is easing that burden for its employees. The largest domestic gaming company by number of venues today announced a new education assistance program for its nearly 50,000 workers,...
Casino REITs Destination for Inflation Protection
Confirming the notion that the real estate sector is a good place to be when inflation is high, as is the case today, Gaming and Leisure Properties (NASDAQ:GLPI) and VICI Properties (NYSE:VICI) are both sharply outperforming the S&P 500, as well as...
Casino Stocks Inexpensive as Gaming Revenue Shows Resiliency, Says Analyst
Casino stocks are trading at heavily discounted valuations, and gross gaming revenue (GGR) is proving surprisingly sturdy against a challenging macroeconomic backdrop. That’s the sentiment of Roth Capital analyst Edward Engel, who in a note to clients today points out that while...
Penn National Earnings Improving Despite Tumbling Share Price
Simply because a stock’s price is sliding doesn’t mean the company can’t generate increasing earnings per share (EPS). Penn National Gaming (NASDAQ:PENN) is a prime example of that scenario. Credit Suisse recently screened S&P 500 member firms for names with the combination...
