Moody’s Maps ‘Painful’ Recovery for US Gaming Industry Post-Pandemic
Moody’s Investor Services said Thursday that once the US casino industry reopens, it will take a year to begin generating just 30 percent of its 2019 levels. After just over…
Hornbuckle Says MGM Casinos Will Change in Post-COVID-19 World
MGM Resorts International’s new leader said in a video message to employees Tuesday to expect changes to how the Las Vegas-based company’s casinos will operate once they’re given the green…
Wynn Las Vegas to Remain Closed Until May 22, Says Facebookk Post
A post on the Wynn Slots Facebook page indicates the company’s Las Vegas integrated resort will remain shuttered through May 22, as the city contends with the impact of the…
Tiger Woods, Peyton Manning Favored Against Phil Mickelson, Tom Brady
Tiger Woods and Peyton Manning are the favorites in a charity golf match against their sport rivals Phil Mickelson and Tom Brady. The event is set to take place next…
MGM Probably Posts Q1 Loss, Considers Taking CARES Act Cash
MGM Resorts International (NYSE:MGM) was likely net income negative in the first quarter, excluding one-time items, as revenue tumbled 29 percent because of gaming property closures forced by the coronavirus….
Hard Rock International CEO Jim Allen Gives Grim Outlook for Casinos
Hard Rock International CEO Jim Allen says it will take a least a year for the company’s businesses to recover once they’re allowed to reopen. Hard Rock boss Jim Allen…
Las Vegas Sands Is Confident on Asia Rebounding, Analysts Like That
Las Vegas Sands (NYSE:LVS) reported first-quarter results Wednesday afternoon, and while the numbers were unattractive, they weren’t as ugly as Wall Street expected. Moreover, confident tones sounded by executives are…
Phil Ruffin Readying His Las Vegas Casinos to Reopen May 15
Billionaire Phil Ruffin plans to reopen his Las Vegas casinos, Treasure Island and Circus Circus, on May 15. But the odds seem long that gaming will be permitted to resume…
Nevada Gaming Control Board Issues Memo on Reopening Casinos
The Nevada Gaming Control Board released a six-page memo outlining procedures for reopening casinos in the state, but didn’t venture a guess on when they might be back open for…
Bangladesh Appeals Ruling Clearing Bloomberry Resorts Over Fed Heist
Bangladesh Bank has appealed last month’s US federal court ruling that dismissed claims of liability against Philippine casino operator Bloomberry Resorts in 2016’s New York Federal Reserve cyber heist. Gao…