Kansas City Chiefs Leading in Super Bowl Tickets, Money Following Draft
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…
Philippines Casino Regulator Sees Revenue Drop 50 Percent
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…
Gaming REITs Can Weather Casino Storm, Says Instinet Analyst
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’…
Colorado Sports Betting to Launch Friday with DraftKings, FanDuel
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…
Aristocrat Cuts Many Worker Salaries, Trims Workforce
Slot machine provider Aristocrat Leisure is laying off or cutting out over 1,000 employees due to the financial impact from the coronavirus pandemic, according to a company announcement this week….
Blow for Bookies as France Follows Holland in Abandoning Soccer Season
Sports-starved European bookmakers were dealt a fresh blow Tuesday with the news that French soccer will not resume the 2019-20 season. The decision was taken after the country’s prime minister,…
New Jersey Governor Unveils Reopening Plan, Atlantic City Not Ready
New Jersey Governor Phil Murphy (D) unveiled his six-point “Road Back” plan this week to reopen the state. But Atlantic City continues to see a rise in the number of…
Melco Resorts Warns COVID-19 Is Making it Hard to Forecast Results
Melco Resorts & Entertainment (NASDAQ:MLCO) said the coronavirus pandemic is having a material impact on its operations, the bulk of which are in Asia – one of the regions most…
Judge Blocks Alaska Native Corps From Receiving Coronavirus Funds
A federal judge has temporarily halted Alaska Native Corporations (ANC) from accessing $8 billion in COVID-19 relief funding allotted for Native American tribes. Alaska Native Corporations, such as the Olgoonik…
Wynn EPS Estimates Are All Over the Map, Giving Investors Little Clarity
With the coronavirus outbreak still weighing on the gaming industry, it’s not surprising that analysts are divided on how the health crisis is affecting individual operators’ financial results. But when…