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…
Alaska Native Corporations to Receive Coronavirus Indian Relief
Alaska Native Corporations (ANC), for-profit enterprises that are owned by Native Americans, will receive coronavirus stimulus money designated for sovereign Indian tribes. Alaska Native Corporations, like the Arctic Slope Regional…
DraftKings Is Going Public, but With Concerns About Corporate Structure
On Thursday, Diamond Eagle Acquisition Corp. (NASDAQ:DEAC) investors overwhelmingly voted in favor of a previously announced reverse merger with DraftKings and SBTech. That sets the stage for the combined entity…
Sweden Mandates Strict Limits for Online Gambling During Pandemic
The Swedish government is introducing limits on how much bettors are allowed to spend at online casinos, and plans to keep those restrictions in place for the remainder of the…
MGM Is One of the Most Volatile S&P 500 Stocks This Year
Like every other name in the gaming industry, MGM Resorts International (NYSE:MGM) stock is being punished as the coronavirus forced the closure of all domestic casinos. But there’s more to…
Americans Have Travel Itch Amid Continued Lockdowns: Good News for US Casinos
Travel has become basically nonexistent in the United States over the past two months, resulting in nearly one in two Americans saying they’re itching to get out of their house…