5082 stories by Todd Shriber
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...
Isle of Capri Missouri Workers Close to Settling Wage Dispute With Eldorado Resorts
Some hourly workers at the Eldorado Resorts Isle of Casino-Hotel in Boonville, Mo. are close to settling lawsuits alleging their employer violated time clock protocols. Earlier this year, counsel for Carolyn Nicholson, a former dealer at the gaming property, filed a lawsuit...
Tahoe Three Step: Eldorado Likely to Sell Venue by the Lake After Completing Caesars Deal
Eldorado Resorts, Inc. (NASDAQ:ERI) is likely to part with one of its Lake Tahoe, Nevada gaming properties after it wraps up its $17.3 billion acquisition of Caesars Entertainment Corp. (NASDAQ:CZR), which is expected to happen in the first quarter. When that deal...
Macau Casinos Can Avoid 2020 Letdowns if Chinese GDP Growth Holds Above Six Percent
Macau's six concessionaires are ready for the calendar to turn to 2020, as this year has been a rough one on the peninsula due in part to fears that the Chinese economy is slowing. Analysts believe that if China's growth steadies next...
Twin River Worldwide Hedge Fund Investors Stick by Stock Despite Turbulent Third Quarter
Amid increased regional competition courtesy of Wynn Resorts Ltd.'s (NASDAQ:WYNN) Encore Boston Harbor, shares of Twin River Worldwide Holdings, Inc. (NYSE:TRWH) shed 21.63 percent in the third quarter. But that didn't prompt departures by hedge funds that are long the stock. Twin...
