5037 stories by Todd Shriber
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...
Macau Says New Coronavirus Case Confirmed, First Since February Shutdown
A new case of the novel coronavirus was confirmed Sunday in Macau, the Special Administrative Region's (SAR) first since early February. The SAR's Novel Coronavirus Response and Coordination Centre said earlier today that the patient is a 26-year-old South Korean female who...
NFL Draft Becomes Latest Las Vegas Event to Suffer Coronavirus Cancellation
Citing the novel coronavirus pandemic, the NFL said today it will “modify” its plans for the 2020 Draft, meaning Las Vegas won't host one of the league's premier events. The NFL's decision is the latest in a series of glum news stories...
Las Vegas Sands Keeping Palazzo, Venetian Open as Rivals Shutter Strip Casinos Amid COVID-19 Pandemic
Las Vegas Sands (LVS) isn't following some rivals in closing integrated resorts on the Las Vegas Strip because of the novel coronavirus outbreak, vowing to keep the Palazzo and Venetian open while not laying off workers. News that the two of Sin...
Pechanga, San Manuel Casinos Close Until April as Coronavirus Saps California Gaming Industry
Pechanga Casino and San Manuel Casino, two California's largest tribal casinos, are closing through the end of this month because of the novel coronavirus outbreak, the latest sign the pandemic is punishing the gaming industry across the US. Pechanga, which is operated...
MGM Growth Properties Dividend Undaunted by Coronavirus as Company Hikes Payout a Tenth Time
Count MGM Growth Properties (NYSE:MGP) among the companies not allowing the coronavirus pandemic to stand in the way of dividend growth. The gaming real estate investment trust (REIT) said Friday it's increasing its quarterly by half a cent to 47.5 cents a...
Cosmopolitan Coronavirus Impact: Blackstone Property Joins Rival Strip Venues in Shuttering Clubs, Restaurants
The Cosmopolitan Las Vegas is joining rival Strip operators in temporarily closing some restaurants in an effort to stem the spread of the novel coronavirus. As of Monday, the Red Plate, Wicked Spoon buffet, Rose. Rabbit. Lie., Overlook Grill, and Va Bene...
Monarch Casino Stock Soars After Analyst Says Baby Is Being Thrown Out With Bathwater
Monarch Casino & Resort (NASDAQ:MCRI) joined other gaming equities in rebounding Friday, soaring 12.58% after an analyst said the stock's recent slide is the epitome of “throwing the baby out with the bathwater.” That's an old Wall Street saying referring to quality...
Golden Entertainment Stock Sags, But Exec Sees Coronavirus Impact not Proportionate to Equity Valuation
Golden Entertainment, Inc. (NASDAQ:GDEN) is following other gaming stocks to the downside Friday after the Strat operator reported a fourth-quarter loss of 28 cents a share, above the consensus estimate of 20 cents. The company reported revenue of $242.13 million for the...
