5138 stories by Todd Shriber
PointsBet Dips Below IPO Price as Sports Postponements Mount, Company Allays Liquidity Concerns
PointsBet Holding Ltd. (ASX:PBH), the Australian bookmaker with significant US exposure, saw its stock briefly slide below its initial public offering (IPO) price during Sydney trading Friday. That's as investors grow increasingly concerned about the spate of athletic leagues and events that...
MGM Resorts’ Latest Cancellation Is Its Own Share Buyback Program
The Las Vegas Strip is awash in cancellations and postponements because of the coronavirus outbreak. But the latest example of such doesn't involve a convention, meeting, or sporting event. Rather, it pertains to MGM Resorts International (NYSE:MGM) scrapping a previously announced $1.25...
MGM Growth, Other Gaming REITs Slammed by COVID-19, But Portfolio Diversity Could Ease Investor Pain
Gaming real estate investment trusts (REITs), including MGM Growth Properties (NYSE:MGP), are experiencing sharp share price declines alongside their operator tenants ecause of the spreading of the coronavirus throughout the US. But those with strong exposure to multiple markets could bounce back,...
Genting Credit Outlook Dropped to Negative as S&P Sees Coronavirus Crimping Casino Business
The outlook on Genting Bhd's credit rating, as well as that of its Resorts World Las Vegas LLC, was downgraded to “negative” from “stable” by Standard & Poor's (S&P), which cited the coronavirus pandemic as a reason for the revision. The ratings...
Macau Mulls Relaxing China Travel Controls, Considers Boosting European Ban
Officials in Macau are evaluating relaxing travel controls on visitors looking to enter the Special Administrative Region (SAR) from mainland China. That's while also considering restrictions on the number of European travelers seeking admittance to the gaming mecca because of the coronavirus...
Las Vegas Sands, Wynn Resorts Still Offer Some Value Despite Recent Drubbing, Says Analyst
Earlier today, the World Health Organization (WHO) declared the COVID-19 outbreak a global pandemic, unleashing a fresh wave of selling pressure on travel and leisure equities, including gaming stocks. But some analysts see value in the likes of Las Vegas Sand (NYSE:LVS)...
Encore Boston Harbor Implements Coronavirus Screening for Employees, Guests
Encore Boston Harbor is planning to take the temperatures of all guests and employees entering the premises as part of increased efforts to stem the spread of the coronavirus. News of the Wynn Resorts property bolstering procedures aimed at preventing proliferation of...
Roundhill Investments Eyes Launch of First Sports Betting ETF With Nifty Ticker ‘BETZ’
Roundhill Investments is looking to be the first exchange-traded funds (ETFs) issuer to capitalize on the fast-growing sports betting segment by bringing a fund dedicated to that theme to market. In a recent filing with the Securities and Exchange Commission (SEC), the...
MGM Resorts Temporarily Waves Bye-Bye to Buffets on Strip, Citing Coronavirus Caution
MGM Resorts International is temporarily halting buffet service at several of the company's Las Vegas Strip venues in a precautionary move to prevent spreading of the novel coronavirus. On Sunday, March 15, buffets at the ARIA, Bellagio, MGM Grand, Mandalay Bay, The...
Las Vegas Sands, Melco, MGM Resorts Among Companies With Frequent Coronavirus Mentions on Earnings Calls
Las Vegas Sands (NYSE:LVS) and Melco Resorts & Entertainment (NASDAQ:MLCO) are among the companies that most frequently mentioned the novel coronavirus on recent earnings conference calls, a sentiment that isn't confined to the gaming industry. Amenity Analytics, a provider of natural language...
