Writer: David McKee
U.S. slot demand still potent, Jefferies analyst says
Although stock analysts expected a weakening in U.S. consumer discretionary spending, Jefferies Equity Research analyst Kai Erman said that... more
Caesars rebranding Harveys Lake Tahoe
“Caesars Republic Lake Tahoe Hotel & Casino” will be the new name of venerable Harveys Lake Tahoe. Caesars Entertainment announced... more
Novomatic to acquire Ainsworth
One dollar per share was all it took for Novomatic AG Group to acquire Ainsworth Game Technology. The two companies announced a “scheme... more
Bally’s Chicago delay doesn’t dampen GLPI CEO’s spirits
“It’s always fun to introduce a good quarter,” said Gaming & Leisure Properties Inc. CEO Peter Carlino at the beginning of the... more
GLPI reports higher revenue, lower profit
Pennsylvania-based real estate investment trust (REIT) Gaming & Leisure Properties Inc. reported first-quarter results following the... more
Penn announces major project in Iowa, draws praise
Facing new competition from neighboring Nebraska, Penn Entertainment has announced it will move its Council Bluffs casino operations... more
Bally’s redraws IPO for Chicago casino, making concessions
A controversial minority set-aside for Bally’s Chicago has been redrafted into an initial public offering (IPO), announced April 23.... more
Gambling-stock price targets lowered, Truist analyst say
“It’s the economy, stupid!” was the headline on an April 23 investor note by Truist Securities analyst Barry Jonas. Noting that... more
Wall Street weighs in on Monarch’s lack of debt
Following Monarch Casino Resorts’s first-quarter earnings release, two Wall Street analysts offered guardedly favorable takes on the... more
Monarch increases revenue and profit in Q1
Monarch Casinos & Resorts reported first-quarter financial results late on April 22. The numbers showed 3.1 percent higher revenue and... more
