5320 stories by Todd Shriber
San Manuel Pushes Temporary Closure Through April 30, Promises no Layoffs
For a second time, the San Manuel Band of Mission Indians is extending the closure of its eponymous Southern California gaming property, citing the need to protect the surrounding community and employees amid the coronavirus contagion. In mid-March, San Manuel joined rival...
Nevada Approves eNASCAR Betting as Penn, Barstool Bring iRacing Series to Finish Line App
Like every other sport in the US, NASCAR is frozen because of the coronavirus outbreak. But its fans are enjoying an outlet in the form of esports, and now bettors can get in on the action after the Nevada Gaming Control Board...
William Hill Credit Rating Lowered, Coronavirus Culprit Hits Gaming Industry Again
William Hill saw its credit rating lowered further into non-investment grade territory. Moody's Investors Service downgraded the British bookmaker to Ba3 from Ba1, while placing the company on review for additional reductions. UK-based sportsbook operators Flutter Entertainment, GVC Plc, and William Hill...
Wynn Resorts Paying US Workers To May 15, Earns Internet Kudos
At a time when some commercial and tribal casino operators are laying off staff because of temporary closures forced by the coronavirus outbreak, Wynn Resorts is extending pay to all of its US employees through May 15. The move, announced Tuesday evening,...
Las Vegas Sands, Wynn Resorts Dividends Stare Down Coronavirus Vulnerability
Las Vegas Sands (NYSE:LVS) and Wynn Resorts (NASDAQ:WYNN) are among 60 S&P 500 members that could need to cut or suspend dividends to conserve capital as the coronavirus pandemic weighs on the economy, according to one equity strategist. In a note out...
Sandoval Follows Murren Out at MGM, Former Governor Pursuing University of Nevada, Reno Presidency
Former Nevada Gov. Brian Sandoval is vacating his role as president of global gaming development at MGM Resorts International to pursue the top spot at the University of Nevada, Reno (UNR). News of Sandoval's departure comes less than two weeks after former...
Eldorado Hedge Fund Supporters Stuck Around in Q4, Some Got Burned in Q1
Eldorado Resorts, Inc. (NASDAQ:ERI) stock remained a hedge fund favorite in the fourth quarter, possibly scorching some of those professional investors as the shares plunged 75.60 percent in the first three months of 2020. At the end of 2019, 49 hedge funds...
Las Vegas Sands Is a Safe Bet in Dicey Casino Industry, Says Analyst
There are no sure things in investing, and that's certainly true these days with gaming equities. But Las Vegas Sands (NYSE:LVS) appears to be one of the group's safer names, according to one Wall Street analyst that covers the company. Earlier today,...
Hornbuckle Shows Confidence in MGM Stock, Adds 41,000 Shares Just This Week
William Hornbuckle, the interim CEO of MGM Resorts International (NYSE:MGM), is displaying confidence in his employer's stock, scooping up more than 41,000 shares in the gaming company just this week. To be precise, Hornbuckle added 41,300 shares of MGM equity over the...
Eldorado, Caesars Wedding Is On, Unidentified Source Says Save a June Date
Shares of Eldorado Resorts (NASDAQ:ERI) and Caesars Entertainment (NASDAQ:CZR) are soaring Tuesday after an unidentified source told CNBC the $17.3 billion transaction that will create the largest US gaming company should be completed in June. That report comes just days after the...
