5083 stories by Todd Shriber
Yokohama Deputy Mayor Hirahara Sees Integrated Resort as Key to Lifting Tourism, Revenue
Yokohama Deputy Mayor Toshihide Hirahara said an integrated resort will drive new tourism to Japan's second-largest city and bolster tax revenue. The politician made those remarks at the 1st IR Expo in Yokohama on Wednesday. Hirahara's speech was briefly interrupted by an...
Coronavirus Contagion Crimping Cash Flow For Macau Casino Operators
The coronavirus continues wreaking havoc, with the count of documented cases on a global basis up to 7,700 with 170 deaths, according to the World Health Organization (WHO). Those are data points that are presenting significant headwinds to Macau gaming operators. The...
Adelson Calls Coronavirus Situation ‘Serious,’ Another Exec Says Offsetting Macau Visit Plunge Impact Will be Difficult
Las Vegas Sands (NYSE:LVS) reported fourth-quarter and full-year results after the close of US markets today. But the real story may have been comments from Chairman and CEO Sheldon Adelson and other executives on the coronavirus situation in Macau, the company's most...
Penn Barstool Deal Draws ‘Cautious Optimism’ From Analyst, Sees Deal Running Counter to Deleveraging Efforts
Shares of Penn National Gaming (NASDAQ:PENN) rallied to a 52-week high Wednesday. The surge of more than 12 percent came after the regional gaming company confirmed that it's paying $163 million in cash and stock to purchase a 36 percent chunk of...
Eldorado Isle of Capri Getting More Gaming Space, Could be Rebranded Ashore in Louisiana
Eldorado Resorts' Isle of Capri riverboat casino, which docks in Westlake, La., will become a land-based casino-hotel, a move that will allow for significantly more gaming space. The regional gaming company was granted permission by the Louisiana Gaming Control Board (LGCB) last...
Marina Bay Sands has Coronavirus Letter For Guests Advising ‘Good Personal Hygiene Practices’
In the wake of the coronavirus spread across China and into the gaming center of Macau, Las Vegas Sands is taking precautionary measures in its other marquee Asian market of Singapore. It greets guests with a letter regarding the illness, being called...
Penn National Paying $163 Million for Barstool Sports Minority Stake, Could Eventually Become Outright Owner
Penn National Gaming (NASDAQ: PENN), one of the largest regional gaming companies, will reportedly dole out $163 million to take a 36 percent position in David Portnoy's Barstool Sports, a brash sports and pop culture blog. The deal ends nearly three weeks...
China Halts Macau Visas on Coronavirus Fears, Stifling Near-Term Rebound Hopes of Gaming Operators
Chinese authorities announced late Tuesday that they are putting a temporary freeze on issuing individual visas for mainland tourists looking to visit Macau as the coronavirus spreads, claiming more lives. At around 10 p.m. Pacific time Tuesday, the New York Times reported...
Century Casinos Prowling for More Acquisitions After Digesting Eldorado Purchases
Century Casinos, Inc. (NASDAQ:CNTY) added to its lineup of US gaming properties in significant fashion last year, buying three venues from Eldorado Resorts, Inc. (NASDAQ:ERI). And the Colorado-based regional operator probably isn't done using acquisitions to expand its roster. Last June, a...
Super Bowl Expected to Lure 26 Million American Bettors, Almost $7 Billion in Action, Survey Says
The Kansas City Chiefs and San Francisco 49ers face off in Super Bowl LIV this weekend, and, as usual, the biggest football game of the year is expected to stoke an increase in gambling activity -- legitimate and otherwise -- even among...
