4982 stories by Todd Shriber
Sheldon Adelson Pushed Congress to Approve Stimulus, But Sands Won’t Receive Aid
Las Vegas Sands (NYSE:LVS) Chairman and CEO Sheldon Adelson used his extensive network of political contacts to press Congress to pass a stimulus package to help industries and workers affected by the coronavirus. But his gaming group won't be the recipient of...
Boyd Casinos Aren’t Only Thing Under Coronavirus Suspension. Now its Dividend Is, Too
Boyd Gaming (NYSE:BYD) is joining the growing list of casino operators looking to conserve cash as the coronavirus hammers the industry. It said Wednesday it's suspending its quarterly dividend and pulling its earnings forecasts for 2020. The announcement, made after the close...
Yokohama Earmarks $3.6 Million in Latest Budget for Integrated Resort Effort
Yokohama's fiscal 2020 budget contains a $3.6 million appropriation for the city's integrated resort ambitions. Japan's second-largest city behind Tokyo is competing with several other large metropolitan areas, including the capitol city and Osaka, to become home to one of the first...
Boyd Gaming Says Casino Closures in Several States Are Being Extended
Boyd Gaming (NYSE:BYD) is telling customers and investors that temporary casino closures in several of its marquee markets will last longer than previously expected, becoming one of the first commercial operators to make such an announcement. It is expected that by Wednesday...
Everi Holdings Pulls 2020 Financial Forecast, Cites ‘Limited Visibility’ on Coronavirus Casino Closures
Everi Holdings (NYSE:EVRI) is joining a growing list of gaming companies in withdrawing 2020 financial guidance due to the impact the coronavirus pandemic is having on the industry. The maker of gaming machines, payment solutions, and software also said it has drawn...
Maddox, Wynn Execs, Board Members Forego Salaries, Bet on Company Stock
Wynn Resorts (NASDAQ:WYNN) board members and high-ranking executives, including CEO Matt Maddox, are betting on themselves and a rebound in the broader gaming industry, agreeing to forego some or all of their cash salaries for the remainder of this year in exchange...
Penn National Gaming Credit Downgrade Not Derailing Epic Stock Rally
Penn National Gaming (NASDAQ:PENN) is extending a jaw-dropping run that has seen the embattled gaming stock more than triple off its 52-week low notched last week, even as Moody's Investors Service lowered the operator's credit rating deeper into junk territory. Battered by...
San Manuel Extends Casino Closure Through April 11 as California Shelter-in-Place Policy Takes Hold
The San Manuel Band of Mission Indians, the operator of the Southern California gaming property bearing the tribe's name, said it's extending the closure period of that venue through April 11. That's as residents of the Golden State are now subject to...
GLP Yanks 2020 Financial Guidance, Citing Coronavirus, Draws $530 Million on Bank Credit Line
Gaming and Leisure Properties (NASDAQ:GLPI) is withdrawing its 2020 financial guidance, citing the impact the coronavirus pandemic is having on the casino industry. The real estate company said it recently drew $530 million on a bank credit line to increase balance sheet...
Gaming and Leisure Properties CEO Carlino Backs up the Bus, Buys $2 Million Worth of Sagging Stock
Gaming and Leisure Properties (NASDAQ:GLPI) Chairman and CEO Peter Carlino is joining other industry executives in supporting stock prices that have been decimated by the coronavirus pandemic. He recently scooped up 80,000 shares, or $2 million worth of the real estate investment...
