The outlook on Melco Resorts & Entertainment’s (NASDAQ: MLCO) credit entry rating was upgraded to “stable” from “negative” past Moody’s Investors Service. That displace comes on the heels of warm third-quarter results issued last calendar week by the City of Dreams operator. Rising gross gaming revenue (GGR) inward…
Third-quarter earnings updates from the half-dozen Macau concessionaires were mostly strong, but shares of the cassino operators haven’t reacted and the stocks are now outstandingly discounted. So practically so that the combined market capitalisation of the sixer gaming companies doing business inward the Chinese enclave is back to where…
Caesars Entertainment (NASDAQ: CZR) delivered consensus-beating third-quarter results tardily Tuesday, notification investors its Caesars Digital building block posted EBITA (earnings before interest, taxes, depreciation, and amortization) profit of $2 1000000 following a year-earlier red ink of $38 million. The gambling casino colossus also continued whittling its debt burden. Helped by…
Gaming and Leisure Properties (NASDAQ: GLPI) antecedently said it will charge $175 million inwards funding for a baseball sports stadium at the land site of Tropicana on the Las Vegas Strip. However, an analyst who covers the keep company believes that the fig could relocation higher if needed. Following meetings…
Rivers Casino City of Brotherly Love has donated $1 one thousand thousand to an country non-profit-making every twelvemonth since the gaming prop opened inwards 2009. The gambling casino owned and operated by Chicago-based Rush Street Gaming continued its large-hearted pledge utmost hebdomad with another $1 jillion gift to the Penn…
Private equity steadfastly Vista Equity Partners is rumored to follow shopping sports data provider Stats Perform. Citing unidentified sources with knowledge of the matter, Bloomberg reported the word earliest Thursday. It’s not elucidate what Vista Equity’s timeline is for divesting Stats Perform nor were potency suitors or sales…
Like other gaming stocks, DraftKings (NASDAQ: DKNG) struggled inward August, but shares of the sportsbook manipulator gained 5.29% last week. That could follow a ratify of best things to come. Some market place observers indicate the recent pullback by the high-flying gaming stock — it’s upward 160.23% year-to-date…
DraftKings’ (NASDAQ: DKNG) Reignmakers — a fantasise sports game rooted inward non-fungible tokens (NFTs) — is a prime of life illustration of blockchain gaming and could live accretive to the operator’s top out and undersurface lines. Just o'er deuce years ago, the Boston-based sportsbook manipulator proclaimed plans for DraftKings Marketplace, democratizing…
Gaming and Leisure Properties (NASDAQ: GLPI) proclaimed Tues that it’s paying $100 million for the tangible land associated with the Hard Rock Casino evolution inwards Rockford, Ill. The gaming real demesne investiture swear (REIT) acquired the dimension from an affiliate of 815 Entertainment, LLC. GLPI and 815 Entertainment entered…
The Dutch have got been allowed to adventure on licensed gambling casino websites since the downfall of 2021. Since then, the marketplace has continued to feel success, which is boosting the governance at the same time. Last year, the The Netherlands earned almost $1 one million million from gaming taxes.…