4982 stories by Todd Shriber
Boyd Gaming Reopening Demand, Free Cash Flow Trends Look Encouraging, Says Analyst
Boyd Gaming (NYSE:BYD), the owner of a dozen Las Vegas gaming properties, has reopened the bulk of its venues following the more than two-month shutdown caused by the coronavirus. Initial demand trends appear encouraging, according to an analyst that covers the company....
MGM Reopening Luxor Later This Month, Aria Joins Party on July 1
MGM Resorts International will add the Luxor and The Shoppes at Mandalay to its roster of reopened properties on June 25. The largest operator on the Las Vegas Strip experienced strong demand last weekend during the first round of restarts following the...
Indiana Regulators Will Talk Eldorado/Caesars Deal at July Meetings
Regulators in Indiana will reportedly discuss Eldorado Resorts Inc.'s (NASDAQ:ERI) $17.3 billion proposed takeover of Caesars Entertainment (NASDAQ:CZR) in July, ending a months-long delay forced by the coronavirus in dealing with the transaction. Originally reported by Dealreporter, news broke late Tuesday that...
Colorado Casinos Get Green Light to Restart, Avalanche of Reopenings Coming Next Week
Late to the party compared to gaming venues in other parts of the US, Colorado casinos will reopen next week following a three-month shutdown forced by the coronavirus. Casinos in Cripple Creek, Colo. will open their doors again on June 15. Gaming...
Washington, D.C. Brick-and-Mortar Sportsbooks Pushed Off Until Summer 2021
Mobile sports wagering in Washington, D.C. went live late last month. But it's going to be another year before gamblers can place bets in brick-and-mortar locations. The D.C. Office of Lottery and Gaming is saying retail sports wagering may not take flight...
Macau Mass Market Players Probably Won’t Like Post-Coronavirus Changes, Says Morgan Stanley
When things finally get back to normal in Macau following quarantine protocols and travel bans implemented because of the coronavirus, mass market players may not like what the new normal is, says Morgan Stanley. The world's largest gaming center is still dealing...
Penn National Stung by Dissenting Voice, Analyst Boldly Slaps Hot Stock With ‘Sell’ Rating
Penn National Gaming's (NASDAQ:PENN) scintillating redemption story hit a stumbling block Monday, as an analyst tagged the gaming stock with a “sell” rating and a price forecast that implies significant downside from current levels. In a note to clients today, Deutsche Bank...
MGM Growth Properties Capital Raise Benefits Credit Profile
MGM Growth Properties (NYSE:MGP) last week sold $800 million of senior unsecured notes, a move Moody's Investors Service views as a positive for the real estate company's non-investment grade credit profile. Of the $800 million MGP raised, $790 million will be used...
Resorts World Could Steal High Rollers from Marina Bay Sands as Money Laundering Probe Unfolds
Resorts World Sentosa could pilfer VIP market share from Singapore rival Marina Bay Sands (MBS), as the latter deals with a US Department of Justice (DOJ) inquiry into anti-money laundering violations. News broke last week that the DOJ is probing MBS management's...
DraftKings, FanDuel Lead May Tripling of Sports Betting App Downloads
Downloads of mobile sports wagering applications, including those offered by DraftKings (NASDAQ:DKNG) and FanDuel, more than tripled in May. That's despite limited offerings on the US sports slate, according to new research from Morgan Stanley. In March, the coronavirus pandemic forced the...
