5456 stories by Todd Shriber
Macau Table Game Capacity Up to 80 Percent, But Government Slashes 2020 GGR Forecast in Half
Table games at Macau's casinos are now running at 80 percent capacity following a 15-day closure in February. But the Special Administrative Region's (SAR) road back to normalcy is going to take a while after the government slashed its 2020 gross gaming...
Five San Diego Tribal Casinos Temporarily Closing, Critics Say Native American Suspensions Lag Commercial Rivals
Barona, Campo, Jamul, Sycuan and Viejas – San Diego's five tribal casinos – will begin shutting down Friday morning and will remain closed through the end of March, as some tribes step up efforts to prevent the spread of the coronavirus. Closure...
Native American Gaming Operators Request $18 Billion as COVID-19 Outbreak Forces Closures Across US
Commercial casino companies aren't the only ones seeing their business evaporate at the hands of the coronavirus outbreak. Tribal operators are in the same boat, and are asking the federal government for an $18 billion relief package to help them navigate what...
Macau Says ‘No’ to Visitors From Everywhere but China, Hong Kong, and Taiwan After Coronavirus Case Tally Hits 13
Amid a fresh batch of coronavirus cases this week, Macau is banning travelers from everywhere but China, Hong Kong, and Taiwan from entering the world's largest gaming center in an effort to quash the spread of the respiratory illness. After going nearly...
NFL Draft Becomes Latest Las Vegas Event to Suffer Coronavirus Cancellation
Citing the novel coronavirus pandemic, the NFL said today it will “modify” its plans for the 2020 Draft, meaning Las Vegas won't host one of the league's premier events. The NFL's decision is the latest in a series of glum news stories...
Pechanga, San Manuel Casinos Close Until April as Coronavirus Saps California Gaming Industry
Pechanga Casino and San Manuel Casino, two California's largest tribal casinos, are closing through the end of this month because of the novel coronavirus outbreak, the latest sign the pandemic is punishing the gaming industry across the US. Pechanga, which is operated...
MGM Growth Properties Dividend Undaunted by Coronavirus as Company Hikes Payout a Tenth Time
Count MGM Growth Properties (NYSE:MGP) among the companies not allowing the coronavirus pandemic to stand in the way of dividend growth. The gaming real estate investment trust (REIT) said Friday it's increasing its quarterly by half a cent to 47.5 cents a...
Cosmopolitan Coronavirus Impact: Blackstone Property Joins Rival Strip Venues in Shuttering Clubs, Restaurants
The Cosmopolitan Las Vegas is joining rival Strip operators in temporarily closing some restaurants in an effort to stem the spread of the novel coronavirus. As of Monday, the Red Plate, Wicked Spoon buffet, Rose. Rabbit. Lie., Overlook Grill, and Va Bene...
PointsBet Dips Below IPO Price as Sports Postponements Mount, Company Allays Liquidity Concerns
PointsBet Holding Ltd. (ASX:PBH), the Australian bookmaker with significant US exposure, saw its stock briefly slide below its initial public offering (IPO) price during Sydney trading Friday. That's as investors grow increasingly concerned about the spate of athletic leagues and events that...
MGM Growth, Other Gaming REITs Slammed by COVID-19, But Portfolio Diversity Could Ease Investor Pain
Gaming real estate investment trusts (REITs), including MGM Growth Properties (NYSE:MGP), are experiencing sharp share price declines alongside their operator tenants ecause of the spreading of the coronavirus throughout the US. But those with strong exposure to multiple markets could bounce back,...
