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Wynn Gets Covenant Relief Adding to Financial Toolkit in Rough Climate

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16 April

Wynn Gets Covenant Relief Adding to Financial Toolkit in Rough Climate

By Liev Jackson Blog • No Comments

Wynn Resorts (NASDAQ:WYNN) is getting some flexibility on its credit agreement with Deutsche Bank. The company is gaining a covenant relief period to potentially avoid default, as domestic gaming operators…

16 April

Macau Mass Market Accounted for More Than Half of Q1 Casino Revenue

By Liev Jackson Blog • No Comments

The mass market accounted for more than half of casino revenue in Macau’s first quarter, as VIP baccarat play plummeted over 60 percent January through March. The mass market and…

16 April

PGA Tour Announces Amended Schedule, Golf Resumes in Early June

By Liev Jackson Blog • No Comments

The PGA Tour has unveiled its remaining 2020 schedule, which it expects to tee off in June at the Charles Schwab Challenge in Fort Worth, Texas. The PGA Tour hopes…

16 April

Genting Joins Crowded Field of Yokohama Competitors

By Liev Jackson Blog • No Comments

Genting Singapore Ltd. is joining a group comprised of some of the gaming industry’s biggest names in pursuing a license to operate an integrated resort in Yokohama, according to a…

16 April

Virginia Gov. Wants ‘Gray Machines’ to Fund $150M COVID-19 Package

By Liev Jackson Blog • No Comments

Virginia Gov. Ralph Northam wants the state to hold off on banning unregulated gaming machines, and instead use the devices to provide a temporary revenue source for COVID-19 relief. Virginia…

16 April

Docs Show WV Political Betting Allowed, Revoked, a Day After First Email

By Liev Jackson Blog • No Comments

An open records request by a West Virginia newspaper shows that state lottery officials did indeed initially approve letting the sportsbooks offer political betting earlier this month before backtracking just…

16 April

Scientific Games Cuts $100 Million in Costs, Has $200 Million in Cash

By Liev Jackson Blog • No Comments

Scientific Games (NASDAQ:SGMS) is following broader equity markets lower Wednesday, even after the slot machine manufacturer and gaming services provider told investors its liquidity position is strong. Slots maker Scientific…

16 April

Dr. Anthony Fauci Says Sports Should Resume Without Fans

By Liev Jackson Blog • No Comments

Dr. Anthony Fauci, the nation’s top infectious disease expert who is leading the federal government’s fight against COVID-19, says sports shouldn’t be played in front of fans anytime soon. Dr….

16 April

Virgin Hotels Las Vegas Remains Focused on Fall 2020 Opening

By Liev Jackson Blog • No Comments

Virgin Hotels Las Vegas, the former Hard Rock Hotel and Casino, remains on schedule to open this fall despite challenges stemming from the coronavirus. One of the new owners of…

16 April

Harris Bets Eldorado Caesars Takeover Will Happen, no Date Offered Up

By Liev Jackson Blog • No Comments

Former Nevada Gaming Control Board Chairwoman Becky Harris believes regulators will sign off on Eldorado Resorts Inc.’s (NASDAQ:ERI) $17.3 billion acquisition of rival Caesars Entertainment Corp. (NASDAQ:CZR). But she didn’t…

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