Kim Jong Un Reportedly Dead, Bookmakers Refrain From Offering Odds
North Korea Supreme Leader Kim Jong Un is rumored to be dead or in a vegetative state following a botched surgery, but reports regarding the hermit kingdom’s dictator are varying…
GVC Credit Rating Slips Further Into Junk Territory as Coronavirus Uncertainty Grips Sportsbooks
GVC Holdings Plc’s (GVC) credit grade was lowered one notch to “BB” from “BB+” with a “negative” outlook by Fitch Ratings, taking the mark further into non-investment grade status as…
Calls for Investigation into Cheltenham Role in Spreading Coronavirus
Cheltenham is a big deal in UK horse racing and a key event on any bookmaker’s calendar. This year, it ran from March 10 to 13, attracting 125,000 racegoers to…
Bally’s Atlantic City Sold for Just $25M, Twin Rivers Snags Three Casinos
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…
MGM Boosts Bond Sale, Latest Sign of Strong Demand for Casino Debt
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…
COVID-19 Coding System Could Streamline Travel to Macau
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…
Small Casinos Score Big Win, Companies Eligible for Payroll Protection
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…
Monarch Casino Is a Winnking Regional Bet, Says Analyst
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…
Moody’s Maps ‘Painful’ Recovery for US Gaming Industry Post-Pandemic
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…
Hornbuckle Says MGM Casinos Will Change in Post-COVID-19 World
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…