Wynn Bond Sale Could be Good News for Cash-Starved Rivals
Earlier this week, Wynn Resorts (NASDAQ:WYNN) sold $600 million of corporate notes coming due in 2025 with at an interest rate of 7.75 percent in a private offering, a transaction…
Parx to Furlough More Than 2,200 Workers From COVID-19 Outbreak
Workers at Pennsylvania’s largest casino will be temporarily laid off starting on Monday. According to the state Department of Labor and Industry, Parx Casino and Racing will layoff more than…
COVID-19 Pandemic Leads LVCVA to Slash Budget
The Las Vegas Convention and Visitors Authority (LVCVA) is likely to drastically cut its operating budget by millions of dollars and delay some key capital projects due to financial shortfalls…
Coronavirus-Related Casino Closures Take a Toll on Indiana, City Budgets
Indiana reported its March gaming figures on Thursday, and revenues plummeted, as expected thanks to the COVID-19 outbreak forcing the closure of the state-licensed casinos for the last half of…
Sports Fans Polled Won’t Feel Safe at Games Before Coronavirus Vaccine
Nearly three in four sports fans say they would not feel safe attending a game or event until a vaccine for the COVID-19 disease has been developed. Tickets might be…
Wynn Is Still Losing Money, Company Expects Big Q1 EBITDA Decline
Wynn Macau continues losing money, although casinos in the world’s largest gaming center are open for business. The company expects the cash burn will continue as long as protocols implemented…
Celebrities Supporting Laid Off MGM Resorts Employees
MGM Resorts has furloughed approximately 60,000 workers in the United States. But numerous celebrities with business ties to the casino operator are stepping up to help them overcome the difficult…
Tennis Supposedly Targeted by Match Fixers as Coronavirus Halt Neared
Corrupt gamblers looking to exploit a looming suspension forced by the COVID-19 outbreak allegedly targeted lower level tennis tours in the first three months of this year, according to new…
Massachusetts Gamblers Get More Time to Collect Winnings
The Massachusetts Gaming Commission (MGC) is giving gamblers more time to collect winnings, allotting for the temporary closures of the state’s three casinos because of the coronavirus outbreak. Massachusetts gamblers…
Station Casinos Will Pay Workers Through May 15
Station Casinos will pay its employees through at least May 15, a huge relief to workers, as the Nevada unemployment system continues to be overwhelmed. Station Casinos workers won’t be…