5449 stories by Todd Shriber
Las Vegas Sands Is a Safe Bet in Dicey Casino Industry, Says Analyst
There are no sure things in investing, and that's certainly true these days with gaming equities. But Las Vegas Sands (NYSE:LVS) appears to be one of the group's safer names, according to one Wall Street analyst that covers the company. Earlier today,...
Hornbuckle Shows Confidence in MGM Stock, Adds 41,000 Shares Just This Week
William Hornbuckle, the interim CEO of MGM Resorts International (NYSE:MGM), is displaying confidence in his employer's stock, scooping up more than 41,000 shares in the gaming company just this week. To be precise, Hornbuckle added 41,300 shares of MGM equity over the...
Wynn Macau Scraps 2019 Dividend Citing Need to ‘Safeguard’ Operations During COVID-19 Pandemic
Wynn Macau Ltd. is the latest gaming company to alter its dividend policy citing the coronavirus outbreak, saying earlier today that it won't deliver a 2019 payout. That after the operator of the Wynn Macau and Wynn Palace integrated resorts paid a...
Penn National Adds Month of Liquidity in Tropicana Deal With GLP, Says Analyst
Penn National Gaming (NASDAQ:PENN) said last Friday it's selling the real estate assets of the Tropicana Las Vegas and the ground lease of an asset in Morgantown, Pa. to Gaming and Leisure Properties (NASDAQ:GLPI) for $337.5 million worth of rent credits, a...
MGM Resorts Won’t Borrow From Uncle Sam, But Loan Guarantees Could be Useful if Closures Extend
Grappling with the financial impact of all of its domestic gaming operations being temporarily halted because of the coronavirus outbreak, MGM Resorts International (NYSE:MGM) doesn't plan to tap the $454 billion in loans being made available to larger businesses as part of...
Sheldon Adelson Pushed Congress to Approve Stimulus, But Sands Won’t Receive Aid
Las Vegas Sands (NYSE:LVS) Chairman and CEO Sheldon Adelson used his extensive network of political contacts to press Congress to pass a stimulus package to help industries and workers affected by the coronavirus. But his gaming group won't be the recipient of...
Yokohama Earmarks $3.6 Million in Latest Budget for Integrated Resort Effort
Yokohama's fiscal 2020 budget contains a $3.6 million appropriation for the city's integrated resort ambitions. Japan's second-largest city behind Tokyo is competing with several other large metropolitan areas, including the capitol city and Osaka, to become home to one of the first...
Everi Holdings Pulls 2020 Financial Forecast, Cites ‘Limited Visibility’ on Coronavirus Casino Closures
Everi Holdings (NYSE:EVRI) is joining a growing list of gaming companies in withdrawing 2020 financial guidance due to the impact the coronavirus pandemic is having on the industry. The maker of gaming machines, payment solutions, and software also said it has drawn...
San Manuel Extends Casino Closure Through April 11 as California Shelter-in-Place Policy Takes Hold
The San Manuel Band of Mission Indians, the operator of the Southern California gaming property bearing the tribe's name, said it's extending the closure period of that venue through April 11. That's as residents of the Golden State are now subject to...
GLP Yanks 2020 Financial Guidance, Citing Coronavirus, Draws $530 Million on Bank Credit Line
Gaming and Leisure Properties (NASDAQ:GLPI) is withdrawing its 2020 financial guidance, citing the impact the coronavirus pandemic is having on the casino industry. The real estate company said it recently drew $530 million on a bank credit line to increase balance sheet...
