4982 stories by Todd Shriber
Wynn Resorts Stock Favored as Analysts See Macau Headwinds Abating
Wynn Resorts, Ltd. (NASDAQ:WYNN) stock gained 34.32 percent last year, slightly topping the S&P 500 in the process. Some analysts believe the gaming company can continue outperforming this year, as the outlook in Macau becomes more sanguine. Analysts see the operator of...
Penn National Gaming Tropicana Las Vegas Sale Could be Near, Company Mum on Speculation
The 2020 Las Vegas rumor mill is up and running, with speculation swirling that Penn National Gaming, Inc. (NASDAQ:PENN) is nearing a sale of the Tropicana on the Strip. In October, Casino.org, citing Stifel analyst Steven Wieczynski, reported that the regional gaming...
Twin River Planning Initiative to Entice More Bettors to Activate Sports Betting Mobile App
Twin River Worldwide Holdings (TRWH) is planning a campaign to get more Rhode Island bettors to activate the company's sports wagering mobile application. The operator of the Ocean State's two gaming properties unveiled the app in September, and while downloads have been...
Las Vegas Sands: Right Stuff to be Top Macau Stock in 2020, Says Analyst
Sluggishness among VIP gamblers is one of the primary reasons cited for the 2019 dip in Macau gross gaming revenue (GGR). But if that trend lingers into 2020, Las Vegas Sands Corp. (NYSE:LVS) is well-positioned to withstand that softness, says an analyst...
Macau December Gaming Revenue Was Worst Number in Almost Four Years While Annual Figure Declines 3.4 Percent
As expected, it was a rough December for casino operators in Macau. Gross gaming revenue (GGR) on the peninsula tumbled 13.7 percent, the worst monthly decline since March 2016. For the final month of 2019, the six Macau license holders posted combined...
NASDAQ-100 Index Gives Wynn Resorts the Boot, but if History Repeats, Removal Won’t Doom the Stock
Wynn Resorts, Ltd. (NASDAQ:WYNN) is no longer a member of the NASDAQ-100 Index (NDX), a widely followed gauge of stocks listed on that exchange. Nasdaq, operator of the equity bourse of the same name, rebalances the 100 index once a year in...
Macau Casino Workers Pushing For Better Pay, More Vacation Time Schedule Thursday Demonstration
The New Macau Gaming Staff Rights Association, a labor group representing workers at the peninsula's casinos, is planning a Thursday, Jan. 2 march. It's aimed at pressing operators there to deliver increased pay and better working conditions, including more time off. Last...
Massachusetts State Senator Lesser Says Sports Betting Might Not Happen There in 2020
Gov. Charlie Baker (R-Mass) said he believed his state could have sports betting operational by mid-2020. But some politicians there now believe that might not happen. State. Sen. Eric Lesser (D-Longmeadow), who chairs the Legislature’s Joint Committee on Economic Development and Emerging...
Everi Bolsters Payments Platform With $25 Million Acquisition of Micro Gaming Technologies
Everi Holdings Inc. (NYSE:EVRI), a provider of gaming machines and payment systems to casinos, today added to its roster of loyalty and financial technology (fintech) offerings with a $25 million purchase of privately held Micro Gaming Technologies Inc. (MGT). Las Vegas-based MGT...
Macau VIP Revenue Likely to Dip Again in 2020, Mass Market Seen Steady, According to Analysts
Gaming industry analysts are betting that VIP turnover as a percentage of Macau's overall gross gaming revenue (GGR) will drop next year. That marks the third consecutive year of declines, while adding that the mass market profile on the peninsula should remain...
