5082 stories by Todd Shriber
Las Vegas Sands, MGM, Wynn, Others Tagged with Negative Credit Outlooks by Standard & Poor’s
Las Vegas Sands (NYSE:LVS), MGM Resorts International (NYSE:LVS), and Wynn Resorts (NASDAQ:WYNN) are among the operators vulnerable to credit downgrades, as the coronavirus imperils the domestic gaming industry, according to new research from Standard & Poor's (S&P). On Friday, S&P shifted the...
Twin River Bolsters Balance Sheet, Prepares for Potentially Long Winter of Casino Closures
Twin River Worldwide Holdings (NYSE:TRWH) is joining rival casino companies in accessing cash, preparing for what could be longer-than-expected gaming property closures. The operator of Rhode Island's two casinos said in a statement out Friday that it fully funded a $250 million...
Marina Bay Sands Implements Social Distancing Measures as Singapore Coronavirus Cases Swell
Marina Bay Sands (MBS) is engaging in the new phenomenon known as social distancing in an effort to prevent the spread of the coronavirus in Singapore while keeping the gaming area at the iconic integrated resort open. Marina Bay Sands Pte Ltd.,...
Macau Table Game Capacity Up to 80 Percent, But Government Slashes 2020 GGR Forecast in Half
Table games at Macau's casinos are now running at 80 percent capacity following a 15-day closure in February. But the Special Administrative Region's (SAR) road back to normalcy is going to take a while after the government slashed its 2020 gross gaming...
Five San Diego Tribal Casinos Temporarily Closing, Critics Say Native American Suspensions Lag Commercial Rivals
Barona, Campo, Jamul, Sycuan and Viejas – San Diego's five tribal casinos – will begin shutting down Friday morning and will remain closed through the end of March, as some tribes step up efforts to prevent the spread of the coronavirus. Closure...
MGM Insiders, Including Murren, Rush to Support Sagging Stock
MGM Resorts International (NYSE:MGM) board directors and executives are stepping up to support a stock hammered by the coronavirus pandemic – one that's off 60.51 percent over the past week and currently resides at its lowest levels since early 1999. A slew...
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...
