5449 stories by Todd Shriber
Boyd Gaming Reopening Demand, Free Cash Flow Trends Look Encouraging, Says Analyst
Boyd Gaming (NYSE:BYD), the owner of a dozen Las Vegas gaming properties, has reopened the bulk of its venues following the more than two-month shutdown caused by the coronavirus. Initial demand trends appear encouraging, according to an analyst that covers the company....
Colorado Casinos Get Green Light to Restart, Avalanche of Reopenings Coming Next Week
Late to the party compared to gaming venues in other parts of the US, Colorado casinos will reopen next week following a three-month shutdown forced by the coronavirus. Casinos in Cripple Creek, Colo. will open their doors again on June 15. Gaming...
Washington, D.C. Brick-and-Mortar Sportsbooks Pushed Off Until Summer 2021
Mobile sports wagering in Washington, D.C. went live late last month. But it's going to be another year before gamblers can place bets in brick-and-mortar locations. The D.C. Office of Lottery and Gaming is saying retail sports wagering may not take flight...
Macau Mass Market Players Probably Won’t Like Post-Coronavirus Changes, Says Morgan Stanley
When things finally get back to normal in Macau following quarantine protocols and travel bans implemented because of the coronavirus, mass market players may not like what the new normal is, says Morgan Stanley. The world's largest gaming center is still dealing...
MGM Growth Properties Capital Raise Benefits Credit Profile
MGM Growth Properties (NYSE:MGP) last week sold $800 million of senior unsecured notes, a move Moody's Investors Service views as a positive for the real estate company's non-investment grade credit profile. Of the $800 million MGP raised, $790 million will be used...
DraftKings, FanDuel Lead May Tripling of Sports Betting App Downloads
Downloads of mobile sports wagering applications, including those offered by DraftKings (NASDAQ:DKNG) and FanDuel, more than tripled in May. That's despite limited offerings on the US sports slate, according to new research from Morgan Stanley. In March, the coronavirus pandemic forced the...
Smarkets SBK App Debuts in Colorado as State Readies for Betting Boom
Smarkets, the company behind the eponymous betting exchange, said its SBK mobile application is making its US debut with a “soft launch” in Colorado, where the firm is partnering with Full House Resorts. Full House operates Bronco Billy’s in Cripple Creek, Colo....
Eldorado Resorts Top Pick for Sport Betting Mania, According to Analyst
Due in large part to DraftKings' (NASDAQ:DKNG) stellar debut as a public company, investors have sports betting fever. But one analyst is saying Eldorado Resorts (NASDAQ:ERI) is the best way to play the US sports wagering boom. DraftKings and Penn National Gaming...
Marina Bay Sands Facing Justice Department Money Laundering Inquiry
The US Department of Justice (DoJ) is reportedly examining anti-money laundering violations at the Marina Bay Sands (MBS) in Singapore. The probe centers around how management at the famed integrated resorts handled accounts of VIP gamblers. Marina Bay Sands Pte Ltd., a...
Eldorado Stock Approaches Highest Levels Since Early March as Nevada Properties Reopen
Eldorado Resorts (NASDAQ:ERI) is setting a blistering pace Thursday, acting as one of the leaders in a broader gaming industry rally. It is trading higher by more than eight percent at this writing on news that its five Nevada casinos are again...
