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Las Vegas Sands Dividend Suspended Due to Coronavirus

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17 April

Las Vegas Sands Dividend Suspended Due to Coronavirus

By Liev Jackson Blog • No Comments

Las Vegas Sands (NYSE:LVS), the largest US gaming company by market value, is suspending its dividend, citing the adverse impact the coronavirus outbreak is having on integrated resort operations. Las…

17 April

Gov. Andrew Cuomo Extends New York COVID-19 Shutdown to May 15

By Liev Jackson Blog • No Comments

New York Gov. Andrew Cuomo announced on Thursday he has extended the statewide shutdown because of the COVID-19 outbreak to May 15. The Governor looks to work with his neighbors…

17 April

iGaming in NJ, Penn. Soars in March as COVID-19 Closes Casinos

By Liev Jackson Blog • No Comments

Not surprisingly, the COVID-19 outbreak caused casino and sports betting March revenues in New Jersey and Pennsylvania to crater. However, unlike most other states that allow gaming, the two Mid-Atlantic…

17 April

Arkansas Racing Commission Reconsiders Two Pope County Proposals

By Liev Jackson Blog • No Comments

The Arkansas Racing Commission will give a second look at two applications for a planned gaming property in Pope County several months after they were both rejected. Alex Lieblong, chairman…

17 April

Governor Steve Sisolak Says ‘Nevadans Ahead of Dollars’ in Reopening

By Liev Jackson Blog • No Comments

Nevada Governor Steve Sisolak (D) says he will not rush into reopening the state unless there’s concrete evidence and recommendations from health officials that it’s safe to do so. According…

17 April

‘Pornostar’ Dealer Loses Unfair Dismissal Case Against Crown Resorts

By Liev Jackson Blog • No Comments

A dealer at Crown Melbourne who claimed he was bullied after uploading a risqué homemade hip-hop track titled “Pornostar” to the casino’s Facebook page has lost his claim for unfair…

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…

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