5217 stories by Todd Shriber
Macau GGR Recovery Hopes Stifled by Border Restrictions, Analysts See No End in Sight
Gross gaming revenue (GGR) in Macau tumbled 97 percent in June. That's merely the latest in a series of staggering monthly declines proving the special administrative region's (SAR) gaming-intensive economy remains hamstrung by travel controls implemented in the wake of the coronavirus...
Eldorado Finalizes Isle of Capri, Lady Luck Sales to Twin River, Appeasing FTC
Eldorado Resorts (NASDAQ: ERI) wrapped up sales of the Isle of Capri Casino in Kansas City, Mo. and Lady Luck Casino in Vicksburg, Miss. to Twin River Worldwide Holdings (NYSE:TRWH), allaying regulators' concerns about concentration risk in Missouri. Last week, the Federal...
FanDuel Nabs Betting, Daily Fantasy Deal With The Basketball Tournament
The Basketball Tournament (TBT) — a hoops competition with a $1 million winner-take-all prize pool — is partnering with FanDuel to bring sports wagering and daily fantasy sports (DFS) offerings to bettors for this year's event. In previous years, TBT featured an...
DraftKings Gains Another Wall Street Fan as Stephens Comes Aboard With Bullish Outlook
Research firm Stephens, Inc. is the latest fan of DraftKings (NASDAQ:DKNG) stock. Analyst Jeff Cohen starts coverage of the daily fantasy sports (DFS) firm today with an “overweight” rating and a price target of $52. Cohen's report sent the stock higher by...
Penn National Jumps on NFL In-Game Betting Deal, Illinois Reopening News
Penn National Gaming (NASDAQ:PENN) stock rallied Wednesday, getting a spark from reopening three casinos in Illinois and a deal with Sportradar for NFL in-game betting. After slumping 17 percent over the past week and almost eight percent in June, shares of Penn...
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...
