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Reduced Mega Millions, Powerball Jackpots Hurting State Lottery Revenues

Lower Mega Millions and Powerball jackpots this year are causing reduced interest in the country's two most popular games, and that is subsequently leading...

Devin O'Connor December 2, 2019

Eldorado Resorts Stock Draws a Crowd of Hedge Funds as Completion of Caesars Acquisition Looms

Shares of Eldorado Resorts, Inc.’s (NASDAQ:ERI) stock tumbled late in the second quarter after the regional gaming company announced a $17.3 billion takeover offer...

Todd Shriber December 2, 2019

Bernstein Trims Fourth-Quarter Macau Estimates, Sings Familiar Refrain of VIP Weakness

Bernstein analysts pared fourth-quarter earnings estimates for the six operators in Macau, noting an often-cited catalyst this year: sluggishness among high-end players. The research...

Todd Shriber November 25, 2019