5082 stories by Todd Shriber
Macau Travel Controls Unlikely to be Relaxed in Coming Days
Authorities in Macau are denying that the Special Administrative Region's (SAR) strict travel controls with mainland China are set to ease in the coming days, saying that there's still some work to be done. After gross gaming revenue (GGR) slid almost 97...
MGP Says Lone Tenant MGM Resorts Paid All April Rent, Doesn’t Expect Interruptions
MGM Growth Properties (NYSE:MGP) reported first-quarter results earlier Tuesday. But the most important takeaway may just be that the company's lone tenant – MGM Resorts International (NYSE: MGM) – paid all of its April rent. MGP, the real estate investment trust (REIT)...
GAN Soars in Nasdaq Debut After Upsized IPO Prices at High End of Range
GAN Ltd. (NASDAQ:GAN), the provider of internet gaming software, soared in its debut as a US-listed company. That's after significantly increasing the size of its initial public offering (IPO) and pricing the sale at the highest end of the range. As Casino.org...
DraftKings Lands More Bullish Coverage, This Time with Highest Price Target to Date
DraftKings (NASDAQ:DKNG) is in its eighth day of life as a public company, and it's already netted a trio of bullish analyst commentaries. On Tuesday, Canaccord Genuity analyst Michael Graham joined the party, starting coverage on the sportsbook operator with a “buy”...
SBTech Founder Shalom McKenzie, Major DraftKings Shareholder, Takes Board Seat
SBTech founder and majority shareholder Shalom McKenzie is flexing some muscle as the largest holder of newly public DraftKings (NASDAQ:DKNG) common equity, taking a board seat at the daily fantasy sports (DFS) and sportsbook operator. McKenzie's SBTech, a provider of sports wagering...
Clark County Makes Coronavirus Tests Available at Orleans Casino
In partnership with University Medical Center (UMC), the Clark County Commission is offering drive-thru coronavirus testing at the Orleans Casino on Tuesday, May 5 and Wednesday, May 6. Located at 4500 West Tropicana Ave., the Orleans is owned by Boyd Gaming, and...
Vici Properties Offers Value Among Gaming REITs, Significant Upside Potential, Says Analyst
Vici Properties (NYSE:VICI) is lower by 35.19 percent year-to-date, a drubbing one analyst believes may have been created overly negative expectations levied against the real estate company in the wake of coronavirus gaming venue closures. Shares of the gaming real estate investment...
Eldorado Could Need Leveraged Loan Market to Thaw to Get Caesars Deal Done
Eldorado Resorts (NASDAQ:ERI) is aiming to have its $17.3 billion takeover of rival Caesars Entertainment (NASDAQ:CZR) wrapped sometime in June. But it could need the leveraged loan market to thaw to get the acquisition across the finish line. Leveraged loans are extended...
MGM Analysts Divided on Stock as Executive Upheaval Continues
On Friday, a day after MGM Resorts International (NYSE:MGM) reported a first-quarter loss of 45 cents per share on a precipitous 29 percent drop in revenue, investors were treated to a nearly 11 percent slide in the stock price, division among Wall...
Macau Experiences April Showers as Gaming Revenue Plunges 97 Percent
Gross gaming revenue (GGR) in the gambling enclave of Macau tumbled 96.8 percent in April. That's as travel controls implemented to stem the spread of the coronavirus continue weighing on the Special Administrative Region's (SAR) casino-driven economy, In the fourth month of...
