5402 stories by Todd Shriber
Genting Berhad Hit With Lower Credit Rating as S&P Forecasts Slow Business, Rising Leverage
Standard & Poor's (S&P) has trimmed its credit rating on Asian gaming giant Genting Berhad, saying business will remain slow in some of the operator's crucial markets following the coronavirus pandemic. The service also said that corporate leverage could increase as a...
Macau Experiences May Showers as Gross Gaming Revenue Plunges 93 Percent
May was another brutal month for Macau, as gross gaming revenue (GGR) in the world's largest casino center plunged 93.2 percent. Strict travel controls continue to hamper the Special Administrative Region's (SAR) recovery efforts. Earlier today, the Gaming Inspection & Coordination Bureau...
Louisiana Voters Likely Getting Sports Wagering Say This Year, No Bets Until at Least 2021
Louisiana voters are likely getting the opportunity to decide the fate of sports betting, with the issue scheduled to appear on November ballots. But it will be 2021 at the earliest before legitimate wagers are accepted in the Pelican State. After sports...
Penn National Scores Price Target Hike, Analyst Gushes Over Barstool, iGaming
On a mostly lethargic day for gaming equities, shares of Penn National Gaming (NASDAQ:PENN) are standing out, thanks to a sell-side analyst boosting his price target on the stock in dramatic fashion, citing catalysts including Barstool Sports and online casinos. In a...
GAN Stock Explodes Higher on Pennsylvania iGaming Deal With Cordish
Shares of gaming software maker GAN Ltd. (NASDAQ:GAN) are soaring Thursday after the company said it inked a deal with Cordish Companies to provide iGaming services tied to two Pennsylvania casinos. Up more than 16 percent at this writing Thursday, GAN stock...
Boyd Gaming Reopening Another 13 Casinos in Early June, Including Nine Las Vegas Venues
Boyd Gaming's efforts to reopen its gaming venues are taking a big step in the right direction, with the Orleans owner saying it plans to restart business at 13 of its casinos, including nine in Las Vegas, from June 1 through June...
Full House Rallies as Silver Slipper Reopening Surpasses Expectations
Shares of Full House Resorts (NASDAQ:FLL) participated in a modest rally for the gaming space Wednesday. The rally extended a better than 13 percent gain over the past week after the company said its Mississippi reopening topped expectations. Last week, the operator...
Eldorado Resorts Rally Delivers Big Jackpots to Options Traders
With Eldorado Resorts (NASDAQ:ERI) stock in the midst of a stunning reversal off its March lows, the real jackpot winners are options traders, not gamblers visiting the company's casinos. Options market data indicates some traders were prescient enough to bet on the...
DraftKings Reportedly Mulling Bleacher Report Takeover
Barely more than a month old as a public company, DraftKings (NASDAQ: DKNG) may already be considering an acquisition in the form of Turner Sports' Bleacher Report unit. The rumor was initially reported by Front Office Sports late Tuesday, with Turner, a...
Los Angeles Card Rooms Want in on Action as Tribal, Vegas Rivals Reopen
The six Los Angeles-area card rooms presented county health officials with a 20-page document containing policies and procedures. The document was aimed at convincing politicians the venues are ready to reopen following a more than two-month shutdown forced by the coronavirus pandemic....
