Macau Casino Revenue Down 95 Percent, Top Regulatory Official Departs
Macau casino revenue is down some 95 percent through the first 10 days of May, claims brokerage Sanford C. Bernstein. Macau and the Cotai Strip is nearly a ghost town,…
Arkansas Casinos Can Reopen May 18, Crowd Capped
Arkansas will permit its gaming venues to reopen on May 18 under current plans. Multiple safety precautions will be in place, as well as a cap that limits players to…
Boyd Gaming Highlighted as Post-Virus Regional Winner
Down almost 40 percent this year, Boyd Gaming (NYSE:BYD) stock is showing its sensitivity to the coronavirus closures plaguing the casino business. But Wall Street isn’t ready to throw in…
Penn National Boost Cash Position, Sells $500 Million in Securities
Shares of Penn National Gaming (NASDAQ:PENN) slid early Monday after the regional gaming company said it’s raising $500 million via sales of convertible notes and common stock. Penn National Gaming…
Macau Government Halves Forecasted Casino Gaming Tax Receipts
The Macau Financial Services Bureau has slashed its projected tax revenue from casino gaming in half for 2020 due to the ongoing COVID-19 pandemic. Macau Economy and Finance Secretary Lei…
Michael Jordan Check to old Trump Casino Comes to Auction
Amid renewed interest in the life and times of Michael Jordan and new scrutiny of the basketball icon’s gambling habits, a check signed by the star made out to an…
Atlantic City Change of Government Election Ballots Due Tomorrow
Atlantic City mail-in ballots for the special May 12 election to potentially overhaul the town’s government must be postmarked no later than tomorrow. With New Jersey still hunkered down because…
Las Vegas Sands Considering Wynn Resorts Takeover
Las Vegas Sands is admittedly a buyer in the current economic gaming market. Billionaire founder and Chairman Sheldon Adelson revealed that acquisitions are being considered during the company’s first-quarter earnings…
NFL Regular Season ‘Perfect Setup’ for Coronavirus Flareup
The NFL has released its regular season schedule. But Dr. Anthony Fauci, the nation’s top infectious disease expert, has concerns that professional football games could create an ideal environment for…
Eldorado Loses Money in Q1 as Revenue Sapped by Virus Closures
Eldorado Resorts (NASDAQ:ERI) joins a lengthy list of gaming companies reporting first-quarter losses and sagging revenue due to property closures forced by the coronavirus outbreak, saying operating income tumbled in…