5034 stories by Todd Shriber
Station Casinos Keeping Palms, Three Other Vegas-Area Properties Closed Until June 2021
The Palms and three other gaming properties in the Sin City area operated by Station Casinos will remain closed until at least June 2021, according to documents filed with the Nevada Gaming Control Board (NGCB). Approximately 75 percent of casinos in the...
Marina Bay Sands Expansion Likely More Profitable Than Rival Resorts World, Say Analysts
Over the next several years, Marina Bay Sands (MBS) and Resorts World Sentosa will invest an estimated $6.65 billion in sprucing up Singapore's two integrated resorts. But analysts say the former has the advantage when it comes to generating a return on...
San Manuel Says Smokers Must Stay Outside, Limits Booze Service as COVID-19 Cases Spike in Southern California
Amid a second wave of coronavirus cases in Southern California, the San Manuel Band of Mission Indians is unveiling new alcohol consumption and smoking guidelines for visitors to its namesake tribal gaming property in San Bernardino County. San Manuel — one of...
Wynn Resorts Furloughs Two-Thirds of Encore Boston Harbor Staffers
Wynn Resorts is aiming to reopen Encore Boston Harbor on July 6. But even if that's a firm date, the integrated resort will restart with significantly less staff, with the operator saying Monday it's furloughing roughly 3,000 employees. Encore, along with the...
Eldorado Still Has Triple-Digit Price Potential, According to Analyst
Shares of Eldorado Resorts (NASDAQ:ERI) are higher by more than 10 percent in midday trading Monday, a move supported in part by an analyst saying the stock has the potential to become a triple-digit name in the future. In a note to...
Golden Nugget Online Gaming Eyes IPO in Transaction Reminiscent of DraftKings
Tilman Fertitta's Golden Nugget Online Gaming (GNOG) is eyeing an initial public offering (IPO) via a blank check firm co-owned by the billionaire. That marks the latest in a series of companies opting for direct listings over traditional IPOs. Landcadia Holdings II,...
Singapore Casinos Will Reopen July 1, But Restrictions Abound
Marina Bay Sands (MBS) and Resorts World Sentosa — the two integrated resorts in Singapore— will restart gaming operations on Wednesday, July 1. That's following a more than three-months shutdown forced by the coronavirus pandemic. But plenty of restrictions apply. For the...
Asia-Pacific Gaming Earnings Feel Coronavirus Crimp, Projected to Fall 70 Percent
The coronavirus pandemic is presenting the Asia-Pacific casino industry with gale-force headwinds, as earnings before interest, taxes, depreciation and amortization (EBTIDA) in the region could slide as much as 70 percent this year, according to the research firm, Moody's Investors Service. Citing...
Gaming REITs Offer Value, Out-Performance Potential, Says Analyst
Companies owning property assets of domestic casinos are relatively safe value ideas, with the potential to outperform other gaming equities. That's according to an analyst that recently launched coverage on this corner of the real estate sector. Wolfe Research analyst Jared Shojaian...
DraftKings Lands $60 Forecast, Highest Yet, Analyst Sees Triple Potential
Even while it's experiencing its worst week as a publicly traded company, DraftKings (NASDAQ:DKNG) continues luring bullish commentary from sell-side analysts. Rosenblatt Securities is launching coverage of the sportsbook operator with a “buy” rating and a Wall Street high price forecast of...
