4982 stories by Todd Shriber
Las Vegas Sands Will Pay All Palazzo, Venetian Workers During Governor-Mandated Nevada 30-day Closure
Las Vegas Sands (LVS) said it will pay each of its 9,300 employees at the Palazzo and Venetian – even part-time staffers not scheduled to work – during a state-mandated 30-day closure of gaming properties. On Tuesday, the company said the two...
LVS, Melco Top Analyst Gaming Company Survival Timeline Estimate, Caesars, Penn National Bottom Dwell
In an effort to stop the spread of the coronavirus, gaming companies are temporarily shuttering properties across the US, and many are doing the right thing by paying employees for closures expected to range from two weeks to a month. However, investors...
Las Vegas Sands Credit Rating at Risk of Moody’s Downgrade as Coronavirus Forces Declining Asia Visits
Las Vegas Sands Corp. (NYSE:LVS), the operator with some of the highest credit ratings in the gaming industry, is at risk of downgrade as the coronavirus pandemic leads to dramatically reduced visitation in Macau and Singapore – two vital markets for the...
Native American Gaming Operators Request $18 Billion as COVID-19 Outbreak Forces Closures Across US
Commercial casino companies aren't the only ones seeing their business evaporate at the hands of the coronavirus outbreak. Tribal operators are in the same boat, and are asking the federal government for an $18 billion relief package to help them navigate what...
Macau Says ‘No’ to Visitors From Everywhere but China, Hong Kong, and Taiwan After Coronavirus Case Tally Hits 13
Amid a fresh batch of coronavirus cases this week, Macau is banning travelers from everywhere but China, Hong Kong, and Taiwan from entering the world's largest gaming center in an effort to quash the spread of the respiratory illness. After going nearly...
Betting and Gaming Council Pushing Government to Unleash Financial Lifelines for Bookmakers Flutter, GVC, William Hill
The US isn't the only country considering financial assistance for gaming companies bleeding revenue and halting operations due to the coronavirus. The UK's Betting and Gaming Council (BGC) is pushing policymakers there to provide lifelines to a sports wagering industry hammered by...
Macau Facing Ides of March, JPMorgan Forecasts GGR Slide up to 80 Percent This Month
Macau's road back to gross gaming revenue (GGR) normalcy in the wake of the coronavirus pandemic won't be realized this month. Some analysts expect GGR there is tracking as much as 80 percent off year-earlier levels. Through the first half of March,...
Colorado Casinos Join Closure Cavalcade: Eldorado, Full House, Others Set Temp Suspensions
Colorado casinos are following a state-issued order aimed at stemming the spread of the coronavirus, with operators announcing a series of temporary closures that commenced Tuesday morning. The Centennial State, which is home to more than 30 commercial and tribal gaming properties,...
Caesars, MGM Draw on Bank Credit Lines, Cash Becomes King for Fragile Gaming Industry
Caesars Entertainment Corp. (NASDAQ:CZR) and MGM Resorts International (NYSE:MGM) are among the gaming companies scrambling to bring cash onto their balance sheets by accessing revolving credit. That's as the industry wrestles with temporary casino closures across the US because of the coronavirus...
Penn National Slides 45 Percent, Three Others Down More Than 40 Percent as Gaming Stock Bloodletting Continues
On the worst day for US equities since 1987, gaming stocks weren't immune from selling pressure. In fact, the group was one of the worst offenders today, with technology provider Everi Holdings Inc. (NYSE:EVRI) plunging more than 60 percent, while casino operator...
