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MGM Resorts International Could Take 4-6 Years To Recover, BofA Says In Downgrade
Thursday, May 21, 2020 - 10:39am | 342Read More...MGM Resorts International’s (NYSE: MGM) core revenue growth was anemic even before the coronavirus outbreak, and a recovery has now become even more challenging, according to BofA Securities. The MGM Resorts Analyst Shaun Kelley downgraded MGM Resorts International from Neutral to...
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The Competition To 'Rapidly Address' Coronavirus Challenges
Wednesday, May 13, 2020 - 9:59am | 525Read More...The hospitality, entertainment, and travel industries combine to put 330 million people to work and generate a global economic impact of $8.9 trillion. As economies slowly reopen around the world, a Las Vegas competition is looking for the most innovative ideas to "rapidly address" COVID-...
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The Road To Recovery For Las Vegas Casino Stocks
Friday, May 1, 2020 - 10:35am | 613Read More...U.S. gaming stocks have rebounded significantly off their lows even though Las Vegas casinos remained closed due to Nevada’s statewide shutdown. On Thursday, Nevada Governor Steve Sisolak announced the first phase of the state’s reopening will begin on May 15, but casinos will not be...
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Las Vegas Room Rates Plummet As Casino Stocks Remain In Limbo
Tuesday, April 21, 2020 - 10:53am | 501Read More...Casino stocks have been among the hardest-hit groups in the market due to the COVID-19 shutdown.\ On Sunday, Wynn Resorts, Limited (NASDAQ: WYNN) CEO Matt Maddox called on the state of Nevada to begin reopening the Las Vegas strip resorts in mid-May, and Bank of America analyst Shaun Kelley said...
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Sportsbooks Are Letting You Make Bets On The Weather
Monday, March 23, 2020 - 8:15am | 416Read More...It’s no secret sportsbooks across the globe have had their betting offerings decimated by the novel coronavirus pandemic. The NBA, NHL and MLB have all suspended and postponed their regular seasons. Globally, soccer, rugby and cricket clubs have had their competitive activities...
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Wynn, MGM Shut Vegas Casinos Due To Coronavirus; Other States Force Pause In Gaming
Monday, March 16, 2020 - 11:10am | 586Read More...As much of the nation goes on COVID-19 lockdown, even some casino companies thik staying open is too much of a gamble. Major Las Vegas casino operators Wynn Resorts, Limited (NASDAQ: WYNN) and MGM Resorts International (NYSE: MGM) have announced their Strip casinos will be closing due to the...
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MGM Resorts To Stop Serving Buffets In Las Vegas Properties Amid Coronavirus Outbreak
Tuesday, March 10, 2020 - 10:28pm | 390Read More...MGM Resorts International (NYSE: MGM) will stop serving buffets at all its properties in Las Vegas. What Happened MGM Resorts announced that all 9 of its properties, including MGM Grand, The Mirage, Luxor, Bellagio, and others, would stop serving buffets to customers starting Sunday reported Fox...
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Allied Esports' HyperX Arena In Vegas Hosting 'Fortnite,' 'Call Of Duty' Tournaments This Weekend
Friday, January 17, 2020 - 4:58pm | 522Read More...Tournaments in "Fortnite" and "Call Of Duty: Modern Warfare" are among the cash prize events coming up at Allied Esports Entertainment Inc. (NASDAQ: AESE)'s flagship live esports venue at the Luxor Casino in Las Vegas. Players can walk in and sign up. Here's a look...
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Professional Fighters League Offers Equal Pay For Athletes: 'It Was No Question'
Tuesday, October 8, 2019 - 4:18pm | 660Read More...The Professional Fighters League is taking major steps toward fixing the lack of equal pay for female athletes, becoming the first professional sports league to guarantee equal payouts for female and male fighters. The MMA league is set to host playoffs at MGM Resorts International (NYSE...
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13 States Where You Can (Legally) Bet On This Weekend's Football Games
Friday, September 13, 2019 - 1:45pm | 702Read More...The Buffalo Bills will travel to MetLife Stadium in New Jersey this weekend to take on the New York Giants. Some of their fans will likely only go part of the way, getting off I-90 just past Syracuse. There, they'll be able to hit one of the upstate casinos with a sportsbook and bet on the NFL...
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Second California Earthquake Felt As Far As Las Vegas
Monday, July 8, 2019 - 11:42am | 513Read More...A magnitude 7.1 earthquake struck southern California on July 5, just 34 hours after and approximately seven miles northwest of the 6.4 magnitude event on July 4 that was centered in the city of Ridgecrest in Kern County. The second earthquake, which occurred at 8:20 p.m. local time, was estimated...
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Wells Fargo Upgrades VICI After Acquisitions In Eldorado-Caesars Deal
Monday, July 1, 2019 - 1:01pm | 389Read More...VICI Properties, Inc. (NYSE: VICI)’s acquisition of three casino properties from Harrah’s and lease changes as part of a casino industry megadeal makes the real estate investment trust company a good play, Wells Fargo said Monday. The Analyst Wells Fargo’s Jeffrey Donnelly...
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Caesars, ESPN Team Up On Sports Betting Content; Casino To Host New Studio
Wednesday, May 15, 2019 - 2:45pm | 500Read More...A Caesars Entertainment Corporation (NASDAQ: CZR)-owned casino in Las Vegas will be home to a new ESPN studio focused on sports betting content, and Caesars will be the sports network’s official sports-odds data supplier, the Walt Disney Co. (NYSE: DIS)-owned network and the casino company...
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Vegas Strip Revenue Down 3.8% In March
Thursday, April 25, 2019 - 10:51am | 415Read More...The Nevada Gaming Control Board on Thursday released its monthly report on gaming revenue for Las Vegas. What Happened Nevada's non-restricted gaming licensees reported a total “gaming win” of $1.022 billion in March, down 0.1 percent year-over-year. For the current fiscal year,...
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Vegas Strip Revenue Down 1.9% In February
Thursday, March 28, 2019 - 11:11am | 421Read More...The Nevada Gaming Control Board on Thursday released its report on gaming revenue for the Las Vegas area in February. What Happened Nevada's non-restricted gaming licensees reported a total “gaming win” of $1.011 billion in February, a 0.6-percent year-over-year decrease. Statewide...
















