Some Atlantic City Hotels Forced to Reopen to House Homeless
Certain Atlantic City hotels are being forced to reopen on state orders and take in homeless people during the COVID-19 pandemic. Atlantic City is nearly a ghost town, but homeless…
DraftKings Soars in NASDAQ Debut, Closes Below Opening Print as Investors See Long Road to Profitability
DraftKings (NASDAQ:DKNG) jumped 10.38 percent in its first day as a public company on Friday, but the newly minted stock closed below its opening print as some investors ponder how…
Macau Airport To Take Over Nearby Space Due To Future Passenger Jump
Macau International Airport will acquire a portion of the Taipa Ferry Terminal to handle airline overflow passengers, predicted to be in the millions, despite the temporary drop from the COVID-19…
Kim Jong Un Reportedly Dead, Bookmakers Refrain From Offering Odds
North Korea Supreme Leader Kim Jong Un is rumored to be dead or in a vegetative state following a botched surgery, but reports regarding the hermit kingdom’s dictator are varying…
GVC Credit Rating Slips Further Into Junk Territory as Coronavirus Uncertainty Grips Sportsbooks
GVC Holdings Plc’s (GVC) credit grade was lowered one notch to “BB” from “BB+” with a “negative” outlook by Fitch Ratings, taking the mark further into non-investment grade status as…
Calls for Investigation into Cheltenham Role in Spreading Coronavirus
Cheltenham is a big deal in UK horse racing and a key event on any bookmaker’s calendar. This year, it ran from March 10 to 13, attracting 125,000 racegoers to…
Bally’s Atlantic City Sold for Just $25M, Twin Rivers Snags Three Casinos
Bally’s Atlantic City has been sold to Twin River Worldwide Holdings for the discount rate of just $25 million, as Caesars Entertainment and Eldorado Resorts continue to reduce their portfolio…
MGM Boosts Bond Sale, Latest Sign of Strong Demand for Casino Debt
MGM Resorts International (NYSE:MGM) priced $750 million worth of senior notes coming due in 2025 on Thursday, a transaction that’s slated to close on May 4. Bellagio operator MGM upsized…
COVID-19 Coding System Could Streamline Travel to Macau
Macau is developing a health coding system that could replace cumbersome border travel restrictions now in place with Guangdong Province, according to news reports. Since March, people from Guangdong must…
Small Casinos Score Big Win, Companies Eligible for Payroll Protection
Small casinos can now apply to receive funds through the Small Business Administration’s Payroll Protection Program (PPP) after the agency issued new regulations. Small casinos are now eligible for the…