Penn National CEO Snowden Says Online Business Is Thriving
As is the case with all of its rivals, Penn National Gaming (NASDAQ:PENN) is dealing with casino closures across the country because of the coronavirus. But the company’s Penn Interactive…
Golden Nugget Billionaire Tilman Fertitta Named to Texas Strike Force
Tilman Fertitta, the billionaire owner of Golden Nugget casinos, Landry’s hospitality empire, and the NBA’s Houston Rockets, has been named to Texas Governor Greg Abbott’s (R) reopening task force. Texas…
Wynn Resorts Still Loved by Short Sellers Even as Stock Soars
Wynn Resorts (NASDAQ:WYNN) is among the travel and leisure stocks that remain favored targets of short sellers looking to identify names vulnerable to coronavirus volatility. But the gaming equity could…
Group Calls on Lotteries to Suspend Games Until Coronavirus Subsides
State lotteries continue operating amid the coronavirus pandemic, and that’s something a leading anti-gambling group wants changed immediately. Though sales are down, lotteries continue to be played in the US….
Gaming and Leisure Finals Trop Deal, Collects Almost all April Rent
Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) updated investors today on April rent collection efforts. It also noted it wrapped up its previously announced transaction with Penn National Gaming (NASDAQ:PENN) for…
Betfred Accused of Backtracking on Pledge to Pay MoPlay Customers
UK betting operator Betfred is accused of reneging on a promise to honor the funds of former MoPlay customers. Some of MoPlay’s former customers claim that Betfred is refusing to…
Macau Politicians Want Their Leaders to Relax the Guangdong Travel Ban
With gaming revenue slumping and visitation scant, politicians in Macau are pushing the government to loosen travel restrictions with neighboring Guangdong Province – the region of mainland China closest to…
Las Vegas Sands Sale of Pennsylvania Casino Saves Company Millions
Las Vegas Sands completed its $1.3 billion sale of its former Pennsylvania casino resort in Bethlehem to Wind Creek Hospitality last May. Fast forward to today, and the transaction is…
G2E Asia 2020 Trade Show Delayed for Second Time
G2E Asia 2020 is rescheduled again because of the coronavirus pandemic and related travel restrictions. Organizers of the large gaming sector trade show now have planned it for December. The…
MGM China Has Cash to Survive 15 Months if Another Shutdown Occurs
MGM China, the Macau gaming business majority owned by MGM Resorts International (NYSE:MGM), has the financial resources to survive up to 15 months if scant visitation to the Special Administrative…