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JPMorgan Sees Muted Macau Impact From Hong Kong Protests, Markets Say Otherwise

Intensifying protests in Hong Kong that now span multiple months and last week forced the closure of the  international airport there are one reason shares of gaming companies with Macau exposure recently tumbled, but… Read More

Israeli Sports Tech Firm Gets $23M in Funding, Eyes US Sports Betting Market for New Ventures

WSC Sports, an Israeli tech company that recently announced $23 million in investment funding, has its eye on the American sports betting market, according to Forbes. The company uses artificial intelligence to create personalized… Read More

Del Lago Casino in Upstate New York Now Has Sole Owner After Wilmot Family Cashes Out

The Wilmot family, known for its development projects in upstate New York, announced last week that it was getting out of the gaming business by selling its 50 percent stake in the del Lago… Read More

Connecticut Slot Revenue Slides, Casino Win From Gaming Terminals Down $13.1M

Slot revenue in Connecticut plays a critical role in helping fund the state government. But July marked yet another month where the two tribal casinos reported a drop in win from the terminals compared… Read More

Empire Resorts Bankruptcy Talk Sends Genting Shares Tumbling

On Friday, New York State-based Empire Resorts, which owns and operates Resorts World Catskills, announced it was considering filing for Chapter 11 bankruptcy. On Tuesday, reverberations were felt on the Malaysian stock market, where… Read More

Red Rock Resorts Shares Struggling, But Fund Manager Remains Bullish

Shares of Red Rock Resorts, Inc. (NASDAQ: RRR) are lower by nearly 37 percent over the past 12 months, one of the worst showings among domestic gaming stocks. But at least one mutual fund… Read More

Twin River Stock Spirals Lower, But Analysts Stick by it, Press For Buybacks

Twin River Worldwide Holdings, Inc. (NYSE:TRWH) stock has tumbled more than 38 percent from the highs seen in April soon after its initial public offering (IPO), and that selling pressure has recently intensified. That… Read More

Wynn Resorts Has Expensive Rooms, But Its Stock is Looking Cheap

Shares of Wynn Resorts, Ltd. (NASDAQ:WYNN) are lower by 20 percent this month. But one analyst sees the casino operator as significantly undervalued, even as geopolitical headwinds in the Asia-Pacific region weigh on the… Read More

Twin River Second-Quarter Results Likely Uplifted by Dover Downs

Twin River Worldwide Holdings, Inc. (NYSE:TRWH) is still putting the finishing touches on its second-quarter earnings report, expected to be released later this week, and it looks like the recently completed acquisition of Dover… Read More

Crown Resorts Public Relations Mess Could Turn Into Credit Ratings Nightmare

Crown Resorts, the Australian casino operator mired in controversy because of alleged ties to junket runners with connections to organized crime, faces another potential problem: mounting investigations into the company’s business practices could prompt… Read More

William Hill Posts $77 Million First-Half Loss Due to UK FOBT Reforms, While US Ops Hit $1 Billion

William Hill booked a loss of £64 million ($77 million) in the first six months of 2019 as the fallout from fixed-odds betting terminal reforms in the UK set in. The government’s decision to… Read More

Japanese Casino Market Will Be Third Largest in World, Not Second: Sanford Bernstein

Japan’s impending casino market will generate $8 billion in gross gaming revenues per year, according to a new report by Sanford Bernstein analysts. This would make it a smaller market than Nevada’s, which produced… Read More

Eldorado CEO Reeg Looking to Unlock Value in Caesars Online, Sports Betting, Could Lead to Asset Sale

Eldorado Resorts, Inc. (NASDAQ:ERI) CEO Tom Reeg is looking for ways to maximize value in his company’s $17.3 billion takeover of Caesars Entertainment Corp. (NASDAQ:CEC), and that could eventually include parting ways with the… Read More

Wynn Resorts Q2 Revenue Beats Wall Street Forecasts, Macau Sales Nudge Higher

Wynn Resorts Ltd. (NASDAQ:WYNN) said its second-quarter earnings based on generally accepted accounting principles (GAAP) checked in at 88 cents a share, badly missing analysts’ estimate of $1.26. But turnover at the company’s Macau… Read More

Caesars Q2 Revenue Climbs As Sports Betting, Strip Food And Beverage Offset Weak Vegas Table Volumes

Caesars Entertainment Corp. (NASDAQ: CZR) said its second-quarter revenue rose almost five percent to $2.22 billion, beating Wall Street’s forecast by $10 million, on the back of expanded sports betting offerings at its regional… Read More