5139 stories by Todd Shriber
Coronavirus Outbreak Plagues Macau January Revenue, 11.3 Percent Drop Far Exceeds Analyst Estimates
As expected, the deadly coronavirus outbreak resulted in a brutal month for Macau operators, as January gross gaming revenue (GGR) on the peninsula plunged. The final tally on GGR was down 11.3 percent to $2.76 billion from $3.11 billion a year earlier,...
Penn National Stock Due for Barstool Breather, but Catalyst Slate Looks Good, Says Analyst
After soaring about 20 percent in the two days following the announcement that it's taking a 36 percent stake in Barstool Sports, Penn National Gaming (NASDAQ:PENN) was probably due for a pullback. That retrenchment arrived Friday, as the shares slipped 3.37 percent...
49ers Rush Defense Now Has $268,000 Riding on it as Biggest Super Bowl Prop Bet Hits
Sportsbook operators around the country are offering hundreds, and in at least one case, 1,000 prop bets on Super Bowl 54 this Sunday. One gambler in New Jersey is showing a lot of faith in the San Francisco 49ers rush defense. Earlier...
Illinois Gaming Board Awards Three Sports Betting Licenses, Eldorado, Penn National Among Winners
The Illinois Gaming Board (IGB) Thursday awarded three sports betting licenses, prompting speculation that some gaming companies there could be taking wagers in time for the NCAA Tournament, also known as March Madness. The recipients of the first three sports wagering permits...
Eldorado Garners Another Batch of Regulatory Approvals For $17.3 Billion Caesars Takeover
Eldorado Resorts, Inc. (NASDAQ:ERI) is aiming to wrap up its $17.3 billion purchase of Caesars Entertainment Corp. (NASDAQ:CZR) in the first half of this year. It took steps toward accomplishing that objective with a new batch of regulatory approvals gained this week....
IGT, Twin River Make Nice in Rhode Island, Will Create New Entity Dominating State Gaming Machines
After a months-long spat, International Game Technology (IGT) and Twin River Worldwide Holdings (TRWH) Inc. are teaming up in Rhode Island. They have announced a partnership that includes the creation of a new company aimed at keeping the Ocean State competitive with...
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...
