5361 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...
MGM Insiders, Including Murren, Rush to Support Sagging Stock
MGM Resorts International (NYSE:MGM) board directors and executives are stepping up to support a stock hammered by the coronavirus pandemic – one that's off 60.51 percent over the past week and currently resides at its lowest levels since early 1999. A slew...
Las Vegas Sands Will Pay All Palazzo, Venetian Workers During Governor-Mandated Nevada 30-day Closure
Las Vegas Sands (LVS) said it will pay each of its 9,300 employees at the Palazzo and Venetian – even part-time staffers not scheduled to work – during a state-mandated 30-day closure of gaming properties. On Tuesday, the company said the two...
LVS, Melco Top Analyst Gaming Company Survival Timeline Estimate, Caesars, Penn National Bottom Dwell
In an effort to stop the spread of the coronavirus, gaming companies are temporarily shuttering properties across the US, and many are doing the right thing by paying employees for closures expected to range from two weeks to a month. However, investors...
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...
Macau Facing Ides of March, JPMorgan Forecasts GGR Slide up to 80 Percent This Month
Macau's road back to gross gaming revenue (GGR) normalcy in the wake of the coronavirus pandemic won't be realized this month. Some analysts expect GGR there is tracking as much as 80 percent off year-earlier levels. Through the first half of March,...
Colorado Casinos Join Closure Cavalcade: Eldorado, Full House, Others Set Temp Suspensions
Colorado casinos are following a state-issued order aimed at stemming the spread of the coronavirus, with operators announcing a series of temporary closures that commenced Tuesday morning. The Centennial State, which is home to more than 30 commercial and tribal gaming properties,...
Penn National Slides 45 Percent, Three Others Down More Than 40 Percent as Gaming Stock Bloodletting Continues
On the worst day for US equities since 1987, gaming stocks weren't immune from selling pressure. In fact, the group was one of the worst offenders today, with technology provider Everi Holdings Inc. (NYSE:EVRI) plunging more than 60 percent, while casino operator...
