casinos

Macau reopened casinos to guests, but gross gaming revenue was still down 97% year-over-year in June — and down 59.4% month-over-month — to MOP716 million ($89.67 million), according to BofA Securities.  The Macau Thesis: Macau's June GGR was lower than expected, as BofA...

LANDCADIA HOLDI/SH CL A (NASDAQ: LCA) announced Monday that it is acquiring Golden Nugget Online Gaming, Inc. in a move to take Golden Nuggett’s online gaming business public. What Happened: Lancadia II is acquiring Golden Nugget’s online business with the intention of...

Benzinga's PreMarket Prep airs every morning from 8-9 a.m. ET. During that fast-paced, highly informative hour, traders and investors tune in to get the major news of the day, the catalysts behind those moves and the corresponding price action for the upcoming session. On any given...

The reopening of the Las Vegas Strip has gone relatively well for casino operators since resorts began opening back up last week. Even more properties returned to operations this week, but the latest room rate numbers suggest Vegas still has a long way to go in recovering from its shutdown,...

Casino stock investors received some good news this week as early reports out of Las Vegas suggest the reopening of major casino resorts was met with strong initial demand. However, one analyst said on Friday that Vegas still has a long road to full recovery from its shutdown. What Happened? A...

Casino stocks were some of the hardest hit stocks in the market during the coronavirus-driven market sell-off. Casinos are finally starting to open back up in parts of the U.S., but it may still be a long time before things are anywhere close to normal in the gambling world. Safe Bets? Bank of...

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...

There’s no question Americans are facing unprecedented stresses these days. Data suggests some Americans are relying on vices such as alcohol, tobacco and cannabis to get through the health crisis. At the same time, gamblers have been driven online for the time being due to casino closures....

Casino stocks have had a rough year in 2020 due to coronavirus (COVID-19) shutdowns. However, some long-term gambling bulls believe business will get back to normal for gamblers as soon as casinos reopen. Two of the most popular regional U.S. casino operators are Boyd Gaming Corporation (NYSE: BYD...

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...

Shares of Las Vegas Sands Corp. (NYSE: LVS) have underperformed an underperforming sector and seem attractive in the low $40s range, according to JPMorgan. The Las Vegas Sands Analyst Joseph Greff upgraded Las Vegas Sands from Neutral to Overweight and set a $52 price target.  The Las Vegas...

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...

Wynn Resorts, Limited (NASDAQ: WYNN) CEO Matt Maddox said in a Nevada Independent op-ed Sunday that the Las Vegas Strip, where casinos have been closed since March due to the coronavirus pandemic, should reopen in mid-to-late May.  Maddox called for the reopenings to occur with safety...