5215 stories by Todd Shriber
Coronavirus Crushes Casino Stocks, MGM, Wynn Resorts Approach 52-Week Lows
Travel and leisure stocks are getting pounded Thursday amid concerns that the novel coronavirus will spread in the US. The fears are being exacerbated by a confirmed case in California involving a patient that did not travel to countries affected by the...
Caesars Entertainment Shaping up Nicely in 2020 Supported by Sin City
In what could be its final earnings reports as a standalone company, Caesars Entertainment Corp. (NASDAQ:CZR) didn't offer up much in the way of specific estimates. But management appears enthusiastic about Las Vegas, a sentiment being echoed by some analysts. The Caesars...
Caesars Posts Q4 Loss, Revenue Climbs 2.6 Percent, 2020 Outlook Supported by Conventions, Sports Betting
Caesars Entertainment Corp. (NASDAQ:CZR) reported a fourth-quarter loss of 45 cents a share, well below the loss of 11 cents a share Wall Street was expecting. But revenue jumped 2.6 percent to $2.17 billion from $2.12 billion a year earlier. The company...
Century Casinos Pleasant Surprises Brewing Amid US Focus, UK Divestment
Century Casinos (NASDAQ:CNTY) is gaining favor among analysts, as the company turns its focus to the US and looks to rid itself of a lagging UK property. Entering 2019, the company had just two US venues – a pair of eponymous properties...
Macau Gaming Revenue: Awful This Month, Not Much Better in March, Say Analysts
Macau casinos reopened last week after being shuttered for 15 days because of the novel coronavirus outbreak. But analysts are forecasting epic declines in gross gaming revenue (GGR) for February and March. Although gaming properties are open for the Special Administrative Region...
Golden Nugget, Scientific Game Bolster iGaming Deal, Unveil Sports Betting Addition
Golden Nugget, LLC said Monday it's expanding its long-running iGaming pact with gaming technology provider Scientific Games and adding sports betting to the mix as well. Las Vegas-based Scientific Games is providing services for Golden Nugget's online gaming (iGaming) in multiple states...
Maryland Divided Over Sports Betting, Plurality Oppose Expansion at Brick-And-Mortar Casinos
Maryland policymakers are currently working on legislation that would wrest control of the fate of gaming expansion away from voters. It's a move that could prove wise if the state hopes to move forward with sports betting. A new poll by Goucher...
Boyd Gaming Garners More Bullish Commentary, But Not Enough to Stem Big Decline
Shares of Boyd Gaming (NYSE:BYD) are lower by more than six percent in midday trading, as gaming stocks are following the broader market lower amid intensifying fears that the COVID-19 virus is getting worse and will sap global economic growth in the...
Citadel Advisors, Others Break From Hedge Fund Pack, Short Sports Betting Stocks
With headlines touting the growth of the US sports betting market emerging on a regular basis, it would appear risky to bet against the related equities. But that's exactly what some hedge funds are doing. Ken Griffin's Citadel Advisors, a mammoth $194...
MGM Resorts Slapped with Class Action Suit After Hackers Swipe 10.6 Million Guest Records
John Smallman, formerly a patron of MGM Resorts International (MGM), is suing the gaming company after it was revealed that cyber thieves stole the data of 10.6 million guests last year. Earlier this week, MGM verified the data breach involving 10,683,188 records...
