5361 stories by Todd Shriber
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...
Las Vegas Sands Keeping Palazzo, Venetian Open as Rivals Shutter Strip Casinos Amid COVID-19 Pandemic
Las Vegas Sands (LVS) isn't following some rivals in closing integrated resorts on the Las Vegas Strip because of the novel coronavirus outbreak, vowing to keep the Palazzo and Venetian open while not laying off workers. News that the two of Sin...
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 Resorts’ Latest Cancellation Is Its Own Share Buyback Program
The Las Vegas Strip is awash in cancellations and postponements because of the coronavirus outbreak. But the latest example of such doesn't involve a convention, meeting, or sporting event. Rather, it pertains to MGM Resorts International (NYSE:MGM) scrapping a previously announced $1.25...
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,...
Macau Mulls Relaxing China Travel Controls, Considers Boosting European Ban
Officials in Macau are evaluating relaxing travel controls on visitors looking to enter the Special Administrative Region (SAR) from mainland China. That's while also considering restrictions on the number of European travelers seeking admittance to the gaming mecca because of the coronavirus...
Las Vegas Sands, Wynn Resorts Still Offer Some Value Despite Recent Drubbing, Says Analyst
Earlier today, the World Health Organization (WHO) declared the COVID-19 outbreak a global pandemic, unleashing a fresh wave of selling pressure on travel and leisure equities, including gaming stocks. But some analysts see value in the likes of Las Vegas Sand (NYSE:LVS)...
