5316 stories by Todd Shriber
Sands Misses Q2 Estimates as Macau Revenue Tumbles 98 Percent, Has Cash to Survive 18 Months or More
Las Vegas Sands (NYSE:LVS) reported second-quarter results below an already low bar, with the Venetian operator saying revenue plunged 97.1 percent to $98 million in the April through June period. On a net basis, the company lost $985 million in the quarter,...
Wynn Reportedly Furloughing Undisclosed Number of Vegas Staffers
In response to dwindling visits to Las Vegas amid a recent spike in coronavirus cases, Wynn Resorts will reportedly furlough some Sin City employees. The news was originally reported by the Las Vegas Review-Journal following speculation by Vital Vegas about the outcome...
SciPlay Scintillating for Investors as Analyst Forecasts More Upside
Social casinos delivered epic revenue growth in the second quarter, helping shares of SciPlay Corp. (NASDAQ:SCPL) more than double off the March lows. At least one analyst covering the company sees more upside ahead. Macquarie gaming and leisure analyst Chad Beynon recently...
Twin River Will Rename Isle of Capri Kansas City, Put $61 Million Into Refurbishing Casino
Twin River Worldwide Holdings (NYSE:TRWH) has plans for the recently acquired Isle of Capri Casino in Kansas City, Mo., including a name change. Rhode Island-based TRWH will rename the gaming property “Casino KC” and allocate $61 million to enhancing the riverboat casino,...
LVS Earnings Looming, Analysts See Macau Concessionaires Bleeding $1 Billion Combined in Q2
Gaming industry second-quarter earnings start rolling in this week, and for the operators with Macau exposure, the numbers are going to be dreadful. Some analysts are forecasting a combined loss of $1 billion for the special administrative region's (SAR) six concessionaires. In...
GAN Lands Stock Higher Price Target as Analyst Raves About Q2 iGaming Numbers
Shares of GAN Ltd. (NASDAQ:GAN) are soaring Tuesday after Macquarie gaming and leisure analyst Chad Beynon reiterated an outperform rating on the gaming software maker. He also lifted his price forecast on the stock to $29 from $24. GAN stock debuted in...
VICI Loving Landlord Life, Adds $253 Million in Annual Rent as New Caesars Is Born
VICI Properties (NYSE:VICI) is a winner in the deal creating the new version of Caesars Entertainment (NASDAQ:CZR), with the real estate company acquiring $253 million worth of annual rent in that transaction. On Monday, Eldorado Resorts finalized its $17.3 billion takeover of...
Macau Still Needs IVS To Resume, But When That Happens Is Unclear
Macau's gaming industry received a much needed boost last week when Guangdong province eliminated a 14-day quarantine policy previously applied to travelers arriving from the gaming center. But there's still work to be done on that front, including the resumption of issuing...
Eldorado/Caesars Marriage Official, Brief Honeymoon as Work Starts on Cost Cuts, Possible Divestments
Today -- finally turning a more than year-long courtship into an official relationship -- Eldorado Resorts (NASDAQ:ERI) completed its $17.3 billion takeover of Caesars Entertainment (NASDAQ:CZR), creating the largest casino and entertainment company in the US. The new company retains the Caesars...
Century Casinos Undervalued With Significant Upside Potential, Says Analyst
Century Casinos (NASDAQ:CNTY) trades at valuations that are significantly below those sported by comparable gaming companies. But at least one analyst says that disconnect should evaporate as more investors embrace the Century story. In a note to clients today, Roth Capital analyst...
