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Las Vegas Sands, MGM and More Could Face Lower Ratings, Says S&P

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22 March

Las Vegas Sands, MGM and More Could Face Lower Ratings, Says S&P

By Liev Jackson Blog • No Comments

Las Vegas Sands (NYSE:LVS), MGM Resorts International (NYSE:LVS) and Wynn Resorts (NASDAQ:WYNN) are among the operators vulnerable to credit downgrades as the coronavirus imperils the domestic gaming industry, according to…

22 March

Gaming REITs Flounder as Rent Questions Rise, but It’s Not All Bad News

By Liev Jackson Blog • No Comments

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI), MGM Growth Properties (NYSE:MGP) and Vici Properties (NYSE:VICI) – the three gaming real estate investment trusts (REITs) – are facing the specter of operator…

22 March

UK Betting Shops Shutter as Market Leaders Expect Nine-FIgure Wipeout

By Liev Jackson Blog • No Comments

Britain’s betting shops closed indefinitely on Friday night as part of a mass shutdown of businesses where people gather socially. Betting companies issued profit warnings earlier this week that suggested…

21 March

Hawaii Legislator Believes He Contracted COVID-19 during Las Vegas Trip

By Liev Jackson Blog • No Comments

A winter break to Las Vegas likely led to an elderly Hawaiian state senator getting coronavirus. As a result, the entire Hawaii state capitol building got shut down for a…

21 March

Casino Tycoons Have Lost Billions During Coronavirus Stock Market Panic

By Liev Jackson Blog • No Comments

The COVID-19 disease has caused global stock markets to plummet, and in the US, the sell-off has caused many casino billionaires to lose a considerable portion of their vast fortunes….

21 March

Vote to Change Atlantic City Government Postponed, Backed by Casinos

By Liev Jackson Blog • No Comments

The Atlantic City government referendum vote that, if passed, would change how the town administers itself, is being postponed because of the COVID-19 pandemic. The Atlantic City Boardwalk is a…

21 March

Virus Forms Perfect Storm During Problem Gambling Awareness Month

By Liev Jackson Blog • No Comments

Thanks to the coronavirus pandemic, there have been more postponements, cancellations, and shutdowns in March than can probably be counted. Problem Gambling Awareness Month wasn’t among those, though. Even during…

21 March

National Indian Gaming Association Commends Tribes for Closing Casinos

By Liev Jackson Blog • No Comments

National Indian Gaming Association (NIGA) Chairman Ernest Stevens says the COVID-19 pandemic sweeping the globe has caused “unprecedented times.” Indian gaming venues are closed in much of the country, but…

21 March

Las Vegas Casinos Leading Charitable Response to Pandemic

By Liev Jackson Blog • No Comments

Las Vegas casinos are stepping up to the plate to plate food for those in need during the global health emergency. It’s dark times in Las Vegas, but casinos are…

21 March

Seminole Tribe Shuts Down Florida Casinos Indefinitely Due to COVID-19

By Liev Jackson Blog • No Comments

The Seminole Tribe of Florida announced on Friday it would close its casinos in the Sunshine State to help control the spread of the coronavirus. The shutdown of its gaming…

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