5083 stories by Todd Shriber
GAN Shares Hit Jackpot as Company Unveils Restructuring Targeting NASDAQ Listing
GAN Plc, the gaming publisher and systems supplier, saw its London-listed and over-the-counter (OTC) shares surge Tuesday after the company revealed a corporate restructuring that includes bringing its stock to the NASDAQ. GAN UK and affiliated firms will be folded into GAN...
MGM Looking to Buy Low in Latest $1.25 Billion Share Buyback Plan
MGM Resorts International (NYSE:MGM) could be looking to take advantage of recent weakness in its stock by adjusting the purchase prices for a recently announced $1.25 billion share buyback plan. The operator of the Bellagio and the Mirage, among other Las Vegas...
Coronavirus Seen Having Major 2020 Gaming Impact, Research Firm Trims Win Forecast Eight Percent
The novel coronavirus outbreak is already hampering some of the world's largest gaming centers, prompting at least one research firm to slash 2020 estimates for the industry. In a new report, H2 Gambling Capital, a data consultancy firm for the global gaming...
Boyd Gaming, Penn National Land New Illinois Casinos Sports Betting Licenses as Launch Date Nears
The Illinois Gaming Board (IGB) last week granted three more temporary sports betting licenses to casinos in the state, bringing the number to six approved venues as the launch date draws closer. The latest additions to the roster of licensed venues are...
Mr Green Penalties Seen as Credit Negative For William Hill, Says Moody’s
A recent $3.84 million penalty levied by the UK Gambling Commission (UKGC) against online gaming firm Mr Green could pose some risk for parent company William Hill Plc if the matter isn't resolved, according to a ratings agency. Last month, the UKGC...
Churchill Downs Gets Some Relief With J.P. Morgan Upgrade, Bank Says Kentucky Derby Cancellation Fears Are Exaggerated
Churchill Downs Inc. (NASDAQ:CHDN) is trading higher Monday after J.P. Morgan upgraded the beleaguered stock to “overweight” from “neutral” after it tumbled 22 percent last week. Declines of 20 percent or more from a security's most recent high are considered bear markets....
Las Vegas Sands, Wynn Favored by Analyst Despite Bleak Near-Term Macau Backdrop
On Sunday, the Macau Gaming Inspection and Coordination Bureau (DICJ) said gross gaming revenue (GGR) there plunged a whopping 87.8 percent last month due to the novel coronavirus outbreak. But at least one analyst remains upbeat on some operators, including Las Vegas...
Maverick Gaming Washington State Staffers Overwhelmingly Vote to Unionize
Maverick Gaming LLC employees in Washington recently voted in overwhelming fashion to organize, becoming the first casino workers in the state to unionize. The company owns 19 of the 44 card rooms in the Evergreen State and the vote to join Teamsters...
Macau February Gaming Revenue Tumbles 88 Percent After Coronavirus Forced 15-Day Casino Closure
Gross gaming revenue (GGR) in Macau slid 87.8 percent to $387 million in February, the worst monthly decline in the enclave's history. It was a drop hastened by a 15-day closure of casinos because of the outbreak of the novel coronavirus. The...
24 Carriers Scrap March Flights to and From Macau, Deal Gaming Rebound Hopes Another Blow
Twenty-four Asian airlines are canceling March flights to and from Macau because of the novel coronavirus, dealing a severe blow to an already fragile local economy that only recently reopened gaming properties following a 15-day closure. The Macau International Airport confirmed that...
