Closed Maryland Casinos Costs State $60M, Education Loses $45M
Maryland casinos won $145.23 million in April of 2019, but $0 last month, as all six gaming properties were closed by COVID-19. MGM National Harbor and the five other Maryland…
Oklahoma AG Says Gov. Stitt Had No Right to Promise Sports Betting
Oklahoma Gov. Kevin Stitt lacks the authority to enter into tribal gaming compacts that include sports betting, his attorney general contends, because this type of wagering has not been approved…
Wynn Posted a Q1 Loss, Suspends Dividend Due to Coronavirus
Hamstrung by closures stemming from the global coronavirus pandemic, Wynn Resorts (NASDAQ:WYNN) reported a first-quarter loss of $3.77 a share, as revenue plunged 42.3 percent to $953.7 million. Wynn posted…
Henderson Councilwoman Declares Coronavirus ‘Mission Accomplished’
Henderson Councilwoman Michelle Romero (Ward 1) believes the city has successfully contained COVID-19, and it’s time to get the local economy back up and running. A Henderson council member feels…
MGM Resorts Appoints First African-American Woman to Lead Borgata
MGM Resorts has named Melonie Johnson the next president of Borgata. She is the first Africa-American woman to lead an Atlantic City casino. MGM Resorts executive Melonie Johnson is moving…
DraftKings Lands More Bullish Analyst Coverage, Highest Price Target Yet
DraftKings (NASDAQ:DKNG) is in its eighth day of life as a public company, and it’s already netted a trio of bullish analyst commentaries. DraftKings continues wracking up bullish analyst commentary,…
GAN Increased Its IPO Size, Stock Soars in US Debut
GAN Ltd. (NASDAQ:GAN), the provider of internet gaming software, soared in its debut as a US-listed company. That’s after significantly increasing the size of its initial public offering (IPO) and…
Oklahoma Governor Kevin Stitt Believes Gaming Compacts Should Vary
Oklahoma Governor Kevin Stitt (R) doesn’t believe gaming compacts should be universal for the state’s 35 federally recognized tribes that operate casinos. Oklahoma Gov. Kevin Stitt says tribal casinos should…
MGP Collects All April Rent From MGM, no Hiccups Expected
MGM Growth Properties (NYSE:MGP) reported first-quarter results earlier Tuesday. But the most important takeaway may just be that the company’s lone tenant – MGM Resorts International (NYSE: MGM) – paid…
Mohegan Gaming Moving Forward with Nearly $9B Greece Casino Resort
Mohegan Gaming & Entertainment (MGE), the casino company owned by the Mohegan Tribe in Connecticut, says the coronavirus pandemic will not delay its nearly $9 billion project in Athens, Greece….