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Blackstone Is Buying 10 Percent of Crown Resorts at a Steep Discount

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30 April

Blackstone Is Buying 10 Percent of Crown Resorts at a Steep Discount

By Liev Jackson Blog • No Comments

Private equity colossus Blackstone (NYSE:BX) continues forging into the gaming business. The company is taking a nearly 10 percent stake in Australia’s Crown Resorts, and is getting those shares from…

30 April

Kentucky Gov. Allows Churchill Downs to Prepare for Racing Without Fans

By Liev Jackson Blog • No Comments

Churchill Downs on Wednesday received approval from Kentucky Gov. Andy Beshear to open its backstretch to horsemen on May 11. That will mark the first day they can bring horses…

30 April

Boyd Gaming Had a Rough Q1, Analyst Still Sees a Winner

By Liev Jackson Blog • No Comments

Boyd Gaming (NYSE:BYD) is rallying Wednesday, trading higher by 2.34 percent even after the company reported an unexpected adjusted first-quarter loss. But the stock may be getting some support from…

30 April

Nevada Casinos Post Worst Month in More Than Two Decades

By Liev Jackson Blog • No Comments

Nevada casinos won just $618.1 million on their floors last month from being closed for nearly half of March because of the COVID-19 pandemic. The Las Vegas people might be…

30 April

Hillary Clinton Endorses Joe Biden for President, Oddsmakers Don’t Care

By Liev Jackson Blog • No Comments

Hillary Clinton, the former first lady of the United States and the Democratic Party’s 2016 nominee for president, has endorsed Joe Biden. Hillary Clinton will be voting for Joe Biden…

30 April

Macau Could Get a Lift From Rebounding Chinese Provinces

By Liev Jackson Blog • No Comments

There are signs the Guangdong and Fujian provinces of mainland China are beginning to rebound from the coronavirus outbreak. That resurgence could bring much needed good news for the moribund…

30 April

Kansas City Chiefs Leading in Super Bowl Tickets, Money Following Draft

By Liev Jackson Blog • No Comments

The Kansas City Chiefs are the betting favorites to win the Super Bowl for the second year in a row, the defending champions currently at just 4/1. Patrick Mahomes and…

30 April

Philippines Casino Regulator Sees Revenue Drop 50 Percent

By Liev Jackson Blog • No Comments

The Philippines casino regulator PAGCOR said its first-quarter revenue was slashed in half due to the COVID-19 pandemic, as gaming properties remain closed throughout the country. Would-be gamblers are being…

30 April

Gaming REITs Can Weather Casino Storm, Says Instinet Analyst

By Liev Jackson Blog • No Comments

Gaming and Leisure Properties (NASDAQ:GLPI), MGM Growth Properties (NYSE:MGP) and Vici Properties (NYSE:VICI) comprise the publicly traded universe of domestic gaming real estate assets and those names could be investors’…

30 April

Colorado Sports Betting to Launch Friday with DraftKings, FanDuel

By Liev Jackson Blog • No Comments

Colorado gaming regulators have vowed to launch the state’s sports betting market this Friday, May 1 as planned. This is despite a lack of any sports to bet on and…

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