Writer: Howard Stutz
Challenged Macau market plays havoc with Wynn Resorts Q3 results
Macau’s weakening gaming revenue trends were reflected in Wynn Resorts third quarter results. The Las Vegas-based casino operator said... more
Investors worst fears met: Palms’ costs hurt Red Rock earnings and damage stock price
For several months, gaming investment analysts have quietly expressed concern over the $690 million renovation of the Palms Casino in Las... more
Caesars shrinks Q3 net loss to $359M, but grows revenues 2.3% to $2.24B
Ten days before Caesars Entertainment shareholders vote to approve the company’s $17.3 billion merger with Eldorado Resorts, the Las... more
MGM Growth: Deal for the Bellagio highlights ‘active time’ in the gaming resort market
The leadership of MGM Growth Partners addressed the elephant in the room head-on Tuesday. The real estate investment trust, spun off from... more
Full House stock takes a jump after CEO’s somewhat off-color remark
A well-placed f-bomb during a quarterly earnings conference call seemed to do the trick. Regional casino operator Full House Resorts... more
Potential deal for Tropicana Las Vegas grabs investment community’s interest
Analysts spent much of last Wednesday evaluating the pros and cons of a potential sale and leaseback of MGM Grand Las Vegas. A day later,... more
Macau gaming revenues decline 3.2% in October, continuing a disappointing 2019
The Golden Week holiday wasn’t so golden in Macau for the casino market. Macau gaming revenues slipped 3.2% on October despite the... more
Ante up: Drew Las Vegas names veteran gaming executive Bobby Baldwin as CEO
Developers of the planned Drew Las Vegas have turned to veteran gaming executive Bobby Baldwin to lead the Las Vegas Strip property’s... more
Penn says new ‘competitor’ in the northeast slices in company’s Massachusetts results
Regional casino giant Penn National Gaming has 41 properties in 19 states. So a third quarter dip in one market can be offset by results... more
MGM Resorts grows quarterly revenues, confirms additional real estate transactions
Even after selling Circus Circus Las Vegas and negotiating a sale-leaseback of the Bellagio, MGM Resorts International said Wednesday the... more
