5316 stories by Todd Shriber
Macau GGR Forecasts Bad to Worse, as JPMorgan Projects 75 Percent February Slide
Analyst projections for February gross gaming revenue (GGR) in Macau are moving from bad to worse after officials there decided to shutter casinos for the next two weeks. The decision to close the peninsula's 41 gaming venues for 15 days amid the...
Louisiana Health Officials Examining Multi-Case, Flu-Like Illness at L’Auberge Casino
The Louisiana Department of Health (LDH) is looking into reports of stomach illness from dozens of attendees of a Mardi Gras ball last weekend at the L'Auberge Casino in Lake Charles. Those reports out of the riverboat venue come as gaming companies...
Nevada Sportsbooks Super Bowl Handle Jumps to $154.7 Million, 12.1 Percent Hold Is Second-Best Ever
The Kansas City Chiefs hoisted the Lombardi Trophy as winners of Super Bowl 54. But Sunday was a great day for Nevada sportsbooks, too. Silver State books notched a Super Bowl handle of $154.67 million, retaining $18.77 million, or 12.1 percent, of...
Macau Affected by Coronavirus, Wynn Resorts Credit Rating Could be Infected as a Result
Wynn Resorts (NASDAQ:WYNN) depends on Macau for significant portions of its revenue and earnings before interest, taxes, depreciation and amortization (EBITDA), making the operator vulnerable to declines in visits to the peninsula. At least one research firm agrees with that thesis, as...
Macau Shutters Casinos For Two Weeks as Coronavirus Case Count Reaches Ten
Macau Chief Executive Ho Iat Seng said Tuesday the Special Administrative Region's (SAR) gaming venues will be closed for two weeks, as the number of coronavirus cases there has ballooned to 10. For several days, the number of documented instances of the...
Golden Entertainment Could Glitter with Regional Catalysts, Strat Renovation
Shares of Golden Entertainment, Inc. (NASDAQ:GDEN) are enjoying a nice start to the week, residing higher by five percent in midday trading That's after an analyst raised his price target on the stock while noting investors may not be fully appreciating the...
Barstool Deal ‘Credit Positive’ For Penn National, but Don’t Bank on Ratings Upgrade Anytime Soon
Penn National Gaming (NASDAQ:PENN) said last week it's paying $163 million in cash and stock to purchase a 36 percent stake in the entertainment and sports media property Barstool Sports, a deal the gaming company hopes will serves as a springboard into...
MGM Resorts Stock Usually Isn’t a Winning February Bet
Historically speaking, February isn't a great time for stocks, as the S&P 500 averages a 0.30 percent decline in the second month of the year. MGM Resorts International (NYSE:MGM) is one of the individual names investors may want to steer clear of....
Coronavirus Outbreak Plagues Macau January Revenue, 11.3 Percent Drop Far Exceeds Analyst Estimates
As expected, the deadly coronavirus outbreak resulted in a brutal month for Macau operators, as January gross gaming revenue (GGR) on the peninsula plunged. The final tally on GGR was down 11.3 percent to $2.76 billion from $3.11 billion a year earlier,...
Penn National Stock Due for Barstool Breather, but Catalyst Slate Looks Good, Says Analyst
After soaring about 20 percent in the two days following the announcement that it's taking a 36 percent stake in Barstool Sports, Penn National Gaming (NASDAQ:PENN) was probably due for a pullback. That retrenchment arrived Friday, as the shares slipped 3.37 percent...
