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MGM Has a Tenuous Grasp on Already Flimsy Credit Rating

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15 April

MGM Has a Tenuous Grasp on Already Flimsy Credit Rating

By Liev Jackson Blog • No Comments

MGM Resorts International’s (NYSE:MGM) credit rating was confirmed at “Ba3” by Moody’s Investors Service. But that confirmation came with a “negative” outlook, indicating the Mirage operator isn’t yet out of…

15 April

Japan Government Will Field Integrated Resort Bids January to June 2021

By Liev Jackson Blog • No Comments

Japan will not afford prefectures and cities interested in obtaining one of the three available integrated resort (IR) licenses additional time to submit their bids. Japan Prime Minister Shinzo Abe…

15 April

Wynn Wants a Federal Judge to Toss a $9.6 Million Suit in Massachusetts

By Liev Jackson Blog • No Comments

Wynn Resorts is asking a judge in the US District Court – District of Massachusetts to toss a $9.6 million civil suit brought last year by the owner of an…

15 April

Former President Barack Obama Endorses Joe Biden, 2020 Odds React

By Liev Jackson Blog • No Comments

Former President Barack Obama, the Democratic Party’s most coveted endorsement in the 2020 presidential election, has officially backed his former Vice President Joe Biden. Getting the band back together, Barack…

15 April

Montana Scores Big Win as Small Gaming Taverns Can Seek PPP Loans

By Liev Jackson Blog • No Comments

Few gaming states celebrated Tuesday’s announcement by the US Department of Treasury that officially expanded the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) loan initiatives for small businesses affected…

15 April

Online Lotteries Provide Critical Aid in Pandemic Times

By Liev Jackson Blog • No Comments

Online lotteries are providing much-needed revenue to state programs, as land-based lottery sales have plummeted during the COVID-19 pandemic. States with online lotteries are winning during the coronavirus outbreak. (Image:…

15 April

Small Casinos Remain Ineligible for Coronavirus PPP Relief

By Liev Jackson Blog • No Comments

Small casinos remain ineligible for coronavirus relief through the Small Business Administration’s Paycheck Protection Program (PPP), despite recent amendments from the US Treasury Department. Small casinos, such as the numerous…

15 April

UK Credit Card Gambling Prohibition Comes into Force

By Liev Jackson Blog • No Comments

Britain’s gambling industry ban on the use of credit cards came into force Tuesday. From now, all retail betting outlets, land-based casinos, and online gaming sites licensed in the UK…

15 April

Everi Holdings Is Reportedly Seeking Debt Conventant Loosening

By Liev Jackson Blog • No Comments

Everi Holdings (NYSE:EVRI) is reportedly joining a growing list of gaming companies in asking lenders to amend debt covenant ratio agreements in an effort to gain some financial wiggle room…

15 April

California Card Rooms Search for PPP Help That May Not Arrive

By Liev Jackson Blog • No Comments

Bell Gardens, Calif. and Hawaiian Gardens, Calif. are homes to the Bicycle Hotel and Casino and Gardens Hotel and Casino – two of the dozens of Golden State card rooms…

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