5215 stories by Todd Shriber
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...
Las Vegas Feeling Coronavirus Impact as White House, Google Cancel Sin City Conferences
Las Vegas, one of the largest convention destinations in the US, is feeling some effects from the spread of the novel coronavirus. The White House and Google cancelled conferences slated to take place in Sin City in March. On Friday, Trump Administration...
Montana Lottery Says 142 Businesses Sports Betting Ready, Still Eyeing Early March Launch, $1,000 Max Bet Policy in Place
The Montana Lottery Commission said 142 businesses across the state now have sports betting licenses, but it will be a little while longer before they can take action from gamblers. The lottery continues installing sports wagering devices at businesses that have obtained...
Eldorado Procures Maryland Approval For Caesars Takeover, Expects Deal Will Finalize Early Q2
Eldorado Resorts, Inc. (NASDAQ:ERI) has landed another state regulatory approval in its quest to acquire rival Caesars Entertainment Corp. (NASDAQ:CZR), as the Maryland State Lottery & Gaming Control Agency said Thursday it's signing off on the deal. On a conference call with...
FanDuel Creators Cry Foul in KKR, Shamrock Suit, Private Equity Firms Sing Different Tune
Founders and early stage employees and funders of daily fantasy sports (DFS) giant and sportsbook operator FanDuel are continuing a legal challenge against KKR and Shamrock Capital. They are alleging those firms left the company's creators, staffers, and startup investors out in...
Eldorado Resorts Remains Analyst Favorite as Company Sees More Caesars Levers to Pull
Eldorado Resorts, Inc. (NASDAQ:ERI) continues to be a favored name among Wall Street analysts, as the regional gaming company closes in on finalizing its $17.3 billion takeover of Caesars Entertainment (NASDAQ:CZR), a deal expected to be completed early next quarter. On a...
