5082 stories by Todd Shriber
Wynn Says Macau Unit Losing $2 Million per Day in Q2 with Revenue Down as Much as 97.6 Percent
In a new 8-K filing with the Securities and Exchange Commission (SEC), Wynn Resorts confirms its Macau unit continues struggling in the wake of the coronavirus shutdown. It is losing roughly $2 million per day in the first two months of the...
DraftKings Has Colossal Day at Colonial as 1st-Round Bets Shatter Previous Tournament Records
Before the first day of play concluded at the Charles Schwab Challenge, DraftKings said it booked more wagers than it had any on prior four-round golf tournament. That proves that there really was something to the notion of pent-up demand by bettors...
Las Vegas Sands Positioned to Capitalize on Macau Rebound, Says Analyst
Las Vegas Sands (NYSE:LVS) is still grappling with the effects of the coronavirus in Macau, the company's most important market. But at least one analyst says the operator has the offerings needed to capitalize on a rebound in the world's largest gaming...
FTC Could Approve Eldorado/Caesars Deal Before July, Brokerage Firm Claims
The Federal Trade Commission (FTC) could sign off on Eldorado Resorts Inc.'s (NASDAQ:ERI) $17.3 billion acquisition of rival Caesars Entertainment (NASDAQ:CZR) by the end of this month. That would set the stage for three pivotal state approvals to follow soon thereafter, according...
DraftKings Bandwagon Gets Another Rider as Oppenheimer Starts Coverage With Lofty Target
DraftKings (NASDAQ:DKNG) stock continues garnering support on Wall Street, as Oppenheimer becomes the latest bank to start coverage of the sportsbook operator and daily fantasy sports (DFS) company. They gave it a bullish rating and a price forecast that's well above current...
Twin River Viewed as Solid Long-Term Bet, Analyst Sees Spectacular Upside Potential
Twin River Worldwide Holdings (NYSE:TRWH) is in the midst of a redemption story that's carrying the stock to a more than three-fold gain off its March lows. but one analyst sees more upside on the way for the Rhode Island-based gaming company....
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...
