5449 stories by Todd Shriber
Macau Could Employ Stopgap Measures for License Renewal Amid Time Crunch
Because of the coronavirus pandemic, Macau faces a crimped timeline for renewing gaming licenses. That means it could resort to various temporary solutions before delving into more substantive discussions with the six concessionaires. Heading into 2020, it was widely expected that this...
Monarch Casino Offers Big Upside Potential in Post-Vaccine Landscape
Regional gaming company Monarch Casino & Resort (NASDAQ:MCRI) is a solid performer this year, jumping 11.10 percent amid a challenging operating environment. One analyst likes the upside offered by the name as vaccines come to market. In a note to clients, Stifel...
Disney Does 180 on Sports Betting, Sees it as Crucial Driver for ESPN Streaming Service
Walt Disney (NYSE:DIS) is changing its tune on sports wagering in a big way, telling attendees at an investor conference that the company will lean on betting and fantasy sports to bolster its ESPN+ business. ESPN+ is the streaming platform bearing the...
Boyd Selling ‘Non-Core’ Eldorado, Venue Company Didn’t Reopen After Pandemic Shutdown
Boyd Gaming is selling the Eldorado Casino in Henderson, Nevada to DeSimone Gaming for an undisclosed sum. In a statement issued to Las Vegas media outlets, Boyd Vice President of Corporate Communications David Strow described the venue as a “non-core asset.” As...
Wynn Macau Less VIP-Dependent, Has Right Stuff for Rebound, Say Analysts
Wynn Resorts (NASDAQ:WYNN) stock is lower by almost 20 percent year-to-date, a slump largely attributable to softness in Macau's VIP market. But some analysts see the operator as less reliant on that segment, possibly positioning the shares for more upside in 2021....
Century to Close Canadian Casinos, Sees ‘Adverse Impact’ From COVID-19 in 2021 First Half
Century Casinos (NASDAQ:CNTY) said today it's temporarily closing its Canadian gaming properties just before midnight Saturday, Dec. 12. The action was taken to comply with new coronavirus quarantine mandates issued by the Alberta provincial government. The Colorado-based regional gaming company operates two...
Caesars Doling Out $325 Million to Enhance, Rename Harrah’s New Orleans
Caesars Entertainment will spend $325 million to shore up Harrah's New Orleans, and the lone gaming venue in the Crescent City will take the Caesars name. The Reno-based company made the announcement Tuesday before the New Orleans Building Corporation. It unveiled plans...
Penn National Hits Record, But Portnoy Jokes $78 Isn’t Enough. He Wants $7.8 Million Share Price
Shares of Penn National Gaming (NASDAQ:PENN) jumped 8.87 percent Tuesday, as the regional gaming stock touched all-time highs, a move that sparked a boisterous social media video from Barstool Sports founder David Portnoy. In his own words, Portnoy owns “a ton of...
Boyd Gaming Buys Abandoned Mall Land Advancing Wilton Rancheria Sacramento Casino Project
A unit of Boyd Gaming now owns 64 acres of land in Elk Grove, Calif. that will eventually be the site of Wilton Rancheria's first tribal gaming property. Boyd Elk Grove LLC acquired the so-called “ghost mall” land from Texas-based real estate...
DraftKings Slumps After Analyst Issues Rare Lukewarm Rating on Stock
Shares of DraftKings (NASDAQ:DKNG) are lower by 2.50 percent in late trading. The rare tepid rating on the stock is the cause behind the Monday slump. JPMorgan analyst Daniel Politzer initiated coverage of the daily fantasy sports (DFS) company today with a...
