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Bally’s Atlantic City Sold for Just $25M, Twin Rivers Snags Three Casinos

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25 April

Bally’s Atlantic City Sold for Just $25M, Twin Rivers Snags Three Casinos

By Liev Jackson Blog • No Comments

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…

25 April

MGM Boosts Bond Sale, Latest Sign of Strong Demand for Casino Debt

By Liev Jackson Blog • No Comments

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…

25 April

COVID-19 Coding System Could Streamline Travel to Macau

By Liev Jackson Blog • No Comments

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…

25 April

Small Casinos Score Big Win, Companies Eligible for Payroll Protection

By Liev Jackson Blog • No Comments

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…

25 April

Monarch Casino Is a Winnking Regional Bet, Says Analyst

By Liev Jackson Blog • No Comments

Monarch Casino & Resort (NASDAQ:MCRI) is one of the smallest publicly traded gaming companies by market value – just $496 million – but it has massive upside potential in the…

25 April

Moody’s Maps ‘Painful’ Recovery for US Gaming Industry Post-Pandemic

By Liev Jackson Blog • No Comments

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…

24 April

Hornbuckle Says MGM Casinos Will Change in Post-COVID-19 World

By Liev Jackson Blog • No Comments

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…

24 April

Wynn Las Vegas to Remain Closed Until May 22, Says Facebookk Post

By Liev Jackson Blog • No Comments

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…

24 April

Tiger Woods, Peyton Manning Favored Against Phil Mickelson, Tom Brady

By Liev Jackson Blog • No Comments

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…

24 April

MGM Probably Posts Q1 Loss, Considers Taking CARES Act Cash

By Liev Jackson Blog • No Comments

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….

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