5136 stories by Todd Shriber
Hedge Funds Dumped Boyd Gaming Right Before Shares Hit the Jackpot
Even the pros make mistakes, and that appears to be the case with some hedge funds with regards to Boyd Gaming Corp. (NYSE:BYD) stock. Shares of the operator of a dozen Las Vegas casinos are up nearly 43 percent this year, making...
Macau Visits Probably Won’t Reach 40 Million This Year, 2020 First Half Will be Rough, Too
Macau's tourism data dipped in November and visits are expected to tumble again this month, making it unlikely that 40 million travelers will have come to the Special Administrative Region (SAR) this year. Officials are forecasting a dip in visits in the...
Hedge Funds Are Starting to Roll With Red Rock Resorts Stock Again
After a poor start to 2019, including a nasty tumble that lasted for much of the second and third quarters, Red Rock Resorts, Inc. (NASDAQ:RRR) is cobbling together some momentum. The Palms operator's recent gains validate intrepid investors' thesis that the stock...
Atlantic City Discontent: Hard Rock CEO Allen Expresses Dejection Over Boardwalk Not ‘Rising to the Occasion’
Hard Rock International CEO Jim Allen has a bone to pick with Atlantic City, N.J., the East Coast gaming hub and home to one of his company's properties. The Hard Rock Atlantic City opened in June 2018 and the operator poured $500...
Eldorado Resorts Stock is on Fire, but Investors may not Want to Cash in Their Chips Just Yet
Eldorado Resorts, Inc. (NASDAQ:ERI) is one of the most impressive stories among gaming stocks in 2019. The shares are up 7.59 percent this month and nearly 27 percent since the start of the current quarter. But some analysts believe there's more to...
Century Casino Shares Surge After Analyst Starts Coverage With ‘Outperform’ Rating, Calls Stock ‘Cheapest’ in Regional Gaming Group
Shares of Century Casinos, Inc. (NASDAQ:CNTY) rallied Thursday after an analyst initiated coverage of the micro-cap company with a bullish rating, noting that the operator of two Colorado casinos is among the most attractively valued in the regional gaming space. In a...
Players And Pooches: MGM Goes Dog-Friendly at Las Vegas Strip, Three Regional Properties
MGM Resorts International is hoping to gain traction with dog lovers, expanding its dog-friendly policy at select properties so guests can bring their furry friends with them on visits to Las Vegas and other regions. The company said its new policy will...
Wynn CEO Maddox Confirms Company Has Yokohama State of Mind in Japan
Wynn Resorts, Ltd. (NASDAQ:WYNN) CEO Matt Maddox confirmed the gaming operator is focusing its Japan efforts on Yokohama. The company will soon open an office in that city geared toward driving its initiatives in the country forward. Wynn Resorts Development Japan, the...
Japan Delays Casino Withholding Tax Plan Before it Gets Off the Ground
A recent proposal by Japanese politicians to impose a withholding tax on winnings of foreign gamblers at the country's yet-to-be-constructed integrated resorts is already being delayed before the idea gained much momentum. Previously, policymakers believed it would be beneficial to gaming companies,...
Wynn Macau Selling $1 Billion Worth of Bonds to Reduce Higher Rate Debt
Wynn Macau Ltd. said it has sold $1 billion in corporate bonds, netting the gaming company $991.3 million in proceeds it will use to reduce debt previously issued at higher interest rates. In a filing with the Hong Kong Stock Exchange released...
