5082 stories by Todd Shriber
Wynn Macau Has Robust Liquidity, But Shouldn’t Rush to Restart Dividend, Says Research Firm
Owing to cost reduction efforts and capital raises, Wynn Macau Ltd.'s financial position is sound. But a research firm cautions against the rapid resumption of a dividend program that was halted in March. The operator faces financial challenges this year before a...
Boyd Gaming Earnings Beat, Margins Earn Analyst Praise, But Stock Falters
Boyd Gaming (NYSE:BYD) delivered better-than-expected third-quarter results late Monday, enough to draw applause from some sell-side analysts. But shares of the regional gaming company swooned Tuesday, as investors fret about rising coronavirus case counts across the US. The operator of The Orleans...
Genius Sports Merging with SPAC dMY Technology in $1.5 Billion Deal
Sports betting data provider Genius Sports said today it will merge with special purpose acquisition company (SPAC) dMY Technology Group, Inc. II (NYSE:DMYD). It's a transaction that values the analytics firm at $1.5 billion and will pave the way for it to...
Sands Las Vegas Departure Speculation Stirs Differing Views Among Analysts
Late Monday, Las Vegas Sands (NYSE:LVS) rocked the gaming world, confirming it's in early stage talks that could result in the company selling its Nevada assets for $6 billion. A day later, Wall Street is divided over whether or not the operator...
Leaving Las Vegas: Sands May Do Just That as Rumors Swirl on Fate of Venetian, Palazzo
Shares of Las Vegas Sands (NYSE:LVS) jumped during Monday's after-hours session following a report that the company is mulling a sale of its Sin City operations in a transaction that could fetch up to $6 billion. Bloomberg originally reported the chatter earlier...
Crown Resorts Debt Outlook Lowered to ‘Negative’ as Regulatory Issues Mount
Australian gaming company Crown Resorts is facing increasing regulatory scrutiny stemming from a money-laundering scandal. Credit agencies are taking note, with Fitch Ratings lowering its outlook on the gaming company's issuer default rating (IDR) to “negative” from “stable." Last week, Crown chair...
Caesars Stock Has Ample Post-Election Potential if Voters Cooperate
Voters in several states will mull various gaming-related propositions on Election Day. Few publicly traded operators match Caesars Entertainment's (NASDAQ:CZR) potential for post-electoral equity market moves. Six states -- Colorado, Louisiana, Maryland, Nebraska, South Dakota, and Virginia -- are putting betting issues...
Monarch Casinos Could Wear Colorado Crown if Table Limits Are Boosted
On Election Day, Colorado voters will consider a ballot referendum that, if approved, will allow casino operators there to offer expanded table games while removing the $100 per bet limit. The moves could benefit an array of companies, including Monarch Casinos (NASDAQ:MCRI)....
Rumor Mill: Action Network, VSiN Could Be Takeover Targets, Says Research Firm
Sports betting media properties The Action Network and the Vegas Stats and Information Network (VSiN) are potential takeover targets, notes research firm Eilers & Krejcik Gaming (EKG). The California-based gaming research house says Action Network and VSiN “are being evaluated by potential...
Colorado September Sports Betting Handle Jumps 61 Percent, But Taxable Revenue Turns Negative
Buoyed by the return of football, Colorado's sports betting handle surged 61 percent month-over-month in September, ascending to a record $207.65 million. But data released by the Department of Revenue indicates net sports betting product (NSBP), or taxable revenue, was -$3.39 million....
