5082 stories by Todd Shriber
MGM Resorts Cancels August Entertainment Events, Related Staff to Be ‘Separated’ From Company
With coronavirus cases flaring up across the country, MGM Resorts International said it will not restart live entertainment events prior to Aug. 31. The news was originally reported earlier today by the Vital Vegas blog, which obtained a copy of a letter...
DraftKings Stock Stung by Illinois Registration Decision, MLB COVID-19 Postponements
Shares of DraftKings (NASDAQ:DKNG) are slumping Monday, with the stock being hit on multiple fronts, including Illinois political decisions and postponements of Major League Baseball (MLB) games because of COVID-19 outbreaks among players. Once-hot DraftKings stock is lower by nearly seven percent...
Rush Street Interactive Close to Confirming Public Debut, SPAC Deal Values Company at $1.8B
Rush Street Interactive, the online casino business of Rush Street Gaming, is reportedly close to announcing it will go public via a merger with a special purpose acquisition company (SPAC). It is a transaction valuing the gaming firm at $1.8 billion. Citing...
Macquarie Survey Says Travelers Want Virus Vaccine on Market Before Visiting Vegas
It could be a while before Las Vegas looks like it did prior to the emergence of the COVID-19 pandemic. That return to normalcy is apparently tethered to efforts to develop a vaccine that will vanquish the virus. A survey by research...
DraftKings, Kambi Will Part Ways by September 2021
DraftKings (NASDAQ:DKNG) and sports betting technology company Kambi Group are setting September 30, 2021, as the date when their relationship will end. The sportsbook operator said the Swedish company will aid in the transition to another technology platform. Kambi points out that...
Rush Street Interactive Considering Public Life in Deal with SPAC dMY Technology
Rush Street Interactive could be the latest in a growing line of gaming technology firms to become publicly traded via a deal with a special purpose acquisition company (SPAC). Citing unidentified sources, Bloomberg reports that the developer of real money and social...
Monarch Casino Earns Analyst Applause After Posting Better Than Expected Q2 Results
Monarch Casino & Resort (NASDAQ:MCRI) earned a round of bullish calls from Wall Street analysts Thursday, a day after the regional gaming company reported second-quarter results that were significantly better than expected. While Monarch's two properties were closed for all of April...
Las Vegas Sands Still Favored by Analysts Despite Weak Q2 Results
Shares of Las Vegas Sands (NYSE:LVS) are trading lower today, a day after the company reported a wider-than-expected second-quarter loss and a revenue decline of 97.1 percent. But some sell-side analysts are still bullish on the stock. An adjusted loss of $1.05...
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...
