5082 stories by Todd Shriber
Macau GGR Trending Higher to Start July, Improvement Seen Over May, June
It's still early, but if the first five days of this month are any indication, July will be kinder to Macau concessionaires than the previous two. That's as channel checks conducted by Bernstein confirm operators in the world's largest gaming center averaged...
IHRC Staff Not Enthusiastic About Eldorado/Caesars Deal, Doubts ERI Pari-Mutuel Commitment
Just days before a scheduled discussion, Indiana Horse Racing Commission (IHRC) staff expressed concerns about Eldorado Resorts Inc.'s (NASDAQ:ERI) $17.3 billion takeover of Caesars Entertainment (NASDAQ:CZR). In a report to the IHRC, commission staff says it's impossible “to offer its enthusiastic or...
Steve Wynn Defamation Suit Against Associated Press Could Get Lifeline in Nevada Court
Steve Wynn's defamation claim against the Associated Press and one of the wire service's reporters -- which was dismissed by Clark County District Court Judge Ronald Israel nearly two years ago -- could be resuscitated in the Supreme Court of Nevada. On...
Circus Circus Suing AIG Over Coronavirus Losses, Claims Insurance Giant Is Distorting Facts
Circus Circus LV, LP -- a holding company for the Las Vegas Strip venue of the same name -- is suing American International Group (AIG). It joins a parade of companies pursuing litigation against insurance providers refusing to cover losses stemming from...
Nagasaki IR Partner Recruitment Effort Commencing Later This Month
Nagasaki prefecture is slated to commence recruitment of an integrated resort partner by the end of July. The goal is wrapping up that effort by late August, as the Japanese region keeps its hopes of becoming a gaming destination alive amid the...
Macau Operators Staring at Worst Results Ever in Q2, Analysts Focus on Operating Costs
The second quarter of 2020 could be the worst three-month stretch on record for Macau's six concessionaires. The special administrative region's (SAR) gaming industry remains hindered by travel restrictions keeping gamblers away from the casino center. Morgan Stanley said losses for Macau...
Eldorado, Monarch Casino Among Regional Names Worth Buying, Says Jefferies Analyst
Eldorado Resorts (NASDAQ:ERI) and Monarch Casino & Resort (NASDAQ:MCRI) are among the regional gaming equities liked by Jefferies analyst David Katz. That's though he acknowledges a resurgence in coronavirus cases could hamper the near-term outlook for these stocks and others. Eldorado climbed...
Macau Politician Says Monthly GGR Rebounds to $1 Billion if Guangdong Restrictions Are Lifted
Macau legislator Davis Ka Chio Fong believes gross gaming revenue (GGR) on the peninsula will bounce back to $750 million to $1.25 billion on a monthly basis when Guangdong Province reopens its border with the gaming center. At the midpoint of that...
Former Astros, Indians Outfielder Trevor Crowe Charged With Tax Evasion in Illegal Gambling Scheme
Trevor Crowe -- who spent parts of four seasons with two Major League Baseball (MLB) franchises -- was charged Wednesday in the Northern District of Ohio on one count of income tax evasion stemming from his purported role in an illegal gambling...
William Hill Tagged With Junk Rating, Negative Outlook by Moody’s
William Hill Plc (OTC:WIMHY), one of the largest UK-based bookmakers, was confirmed with a credit rating of Ba3 and a “negative” outlook by Moody's Investors Service following the research firm's periodic review of the gaming company's financials. Bonds with one of the...
