5082 stories by Todd Shriber
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...
California Sports Betting Ballot Drive Stuck in Neutral due to Coronavirus Shutdown
California was one of the first large states to employ a shelter-in-place order to combat the spread of the coronavirus, with Gov. Gavin Newsom issuing that directive last Thursday. But that mandate carries with it an unintended consequence: preventing workers from gathering...
Marina Bay Sands Could Experience Singapore Slump as Coronavirus Closures Take Hold
Marina Bay Sands (MBS) and Singapore's other marquee tourist attractions could be in for some near-term pain, as the city-state implements border closures at 11:59 p.m. local time Monday to prevent further spreading of the coronavirus. The border closure is aimed at...
Pechanga Preparing for Lengthier Closure, Staff Reductions Could be Coming in April
The Pechanga Band of Luiseño Indians, the operator of the Pechanga Casino in Temecula, Calif., said it's preparing for a temporary closure announced last week to last longer than previously expected. It added that staff reductions could commence as soon as April....
Gaming REITs Face First Downturn Test as Casino Closures Stoke Rent Questions
Gaming and Leisure Properties, Inc. (NASDAQ:GLPI), MGM Growth Properties (NYSE:MGP), and Vici Properties (NYSE:VICI) – the three gaming real estate investment trusts (REITs) – are facing the specter of operator tenants potentially struggling to make rent on some properties if gaming venues...
