Category: Commercial Casinos
Wall Street Bets: Analysts take on FanDuel/DraftKings, REIT stocks, LV Strip room rates
DraftKings, Flutter/FanDuel According to Jefferies analyst David Katz in a July 7 note, the dynamics surrounding Flutter/FanDuel and... more
Analyst: Macau’s temporary down swing not unexpected
Macau’s gambling revenue is on a downward trend in early July, wrote Jefferies Equity Research analyst Andrew Lee. Mass-market gambling is... more
Nevada sportsbooks: Quicker path to rescind past-posted wagers under proposed regulation change
Nevada regulators are about to make it easier and quicker for the state’s sportsbooks to cancel wagers and not pay out winners if technical... more
Under the Boardwalk officials vow to address homelessness in Atlantic City
ATLANTIC CITY, N.J. (AP) — In a place with a long history of people living — and sometimes dying — under the Boardwalk, Atlantic City has... more
Virginia: Rivers Casino Portsmouth fined $545,000
After negotiations with the Virginia Lottery, Rivers Casino Portsmouth has agreed to pay a $545,000 fine to settle multiple compliance and... more
Player wins more than $1-plus million at Bellagio
A patron at Bellagio Resort & Casino in Las Vegas recently hit a jackpot for more than $1 million playing Everi’s Shark Week... more
Analyst: Gaming REIT ecosystem improving
While allowing that the first half of 2024 hasn’t been the best for casino-focused real estate investment trusts (REITs), Truist... more
Analyst: Closure of Mirage and Tropicana “earnings catalyst” for mid-tier Strip properties
A Wall Street analyst said the closing on July 17 of The Mirage, combined with the already-closed Tropicana, should catalyze higher rates... more
Bally’s Atlantic City celebrates 45th anniversary and National Hot Dog Day with donation
Bally’s Atlantic City is celebrating its 45th anniversary with a donation coinciding with National Hot Dog Day. On July 17, in... more
Rivers Casino Pittsburgh completes renovations and opening of new ballroom
Rivers Casino Pittsburgh Tuesday announced the completion of a $6.6 million property refresh that includes the addition of the new Bridges... more
