PNG Announce Preliminary Q2 Operating Revenue

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South China Morning Post

Casino operator Wynn Resorts beats fourth-quarter profit estimates on improved Las Vegas, Macau performance

Wynn Resorts, the controlling shareholder of Wynn Macau, beat fourth-quarter profit estimates on stronger gaming, luxury retail and hotel bookings at its Macau and Las Vegas properties. The company posted adjusted profit of US$1.91 per share, exceeding analysts' estimates of US$1.15, according to LSEG Data & Analytics. Operating revenue came in at…

Travel ・ 08 February 2024

Indian Gaming

Mohegan Releases Q3 2023 Operating Results

UNCASVILLE, CT - Mohegan Tribal Gaming Authority has released operating results for its third fiscal quarter ended June 30, 2023. Mohegan Operating Results "Our consolidated Adjusted EBITDA of $108.7 million was the third highest quarterly total in our 26-year history, while the prior-year comparable quarter was the highest to date," said Raymond…

Finance ・ 11 August 2023

The Motley Fool

Better Buy: Wynn Resorts or Las Vegas Sands Stock?

The gaming and resort industry continues to recover from the pandemic, and one of the biggest gaming markets in the world reopened earlier this year: Macao, China. With Macao back in action, casino operators there stand to benefit from pent-up demand -- as do casino stock investors. Here, I'll compare two American casino companies with properties…

Industry ・ 19 March 2023

Saturday Down South

Barstool Online Casino: Everything you need to know

The Barstool online casino is an online casino offering available to users through the Barstool Sportsbook and Casino app. Like most major online sportsbook operators in the U.S., Barstool as part of Penn Entertainment's Penn Interactive segment is eager to not only attract users to its sports betting offerings, but its online casino offerings.…

Live Gambling ・ 06 January 2023

Wild Casino

$5,000 Welcome Bonus

Deposit bonuses are optional and must be requested by the player when making a deposit. For example, use Promo Code WILD1 to a 100% Casino bonus. Your bonus request will be assessed and, if your account is eligible for the bonus, it will be added to your account immediately.

The Nevada Independent

Indy Gaming: Slot companies’ proposed merger briefly fires up investors

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz The investment community was abuzz earlier…

Finance ・ 24 August 2022

PA Online Casino

PA Gaming Revenue Reaches $429 Million In July

The Pennsylvania casino industry is once more proving to be one of the strongest and most stable in the nation. Gaming revenue totaled $429 million in July across all retail and online casino gambling, an increase of 1.28% from July 2021 ($423.7 million), as the Pennsylvania Gaming Control Board reported. Retail slots ($213 million) accounted for…

Finance ・ 16 October 2022

Stock News

CZR: Caesars Entertainment vs. Monarch Casino: Which Casino Stock is a Better Buy?

Monarch Casino & Resort, Inc. (MCRI) owns and operates the Atlantis Casino Resort Spa, a hotel and casino in Reno, Nevada. The company also owns and operates the Monarch Casino Resort Spa Black Hawk in Black Hawk, Colorado. On the other hand, Caesars Entertainment, Inc. (CZR) operates as a gaming and hospitality company in the United States. The…

Finance ・ 17 June 2022

Stock News

GDEN: 5 Gambling Stocks Worth Betting On

Online gambling gained traction during the first COVID-19 wave, as people turned into online entertainment due to nationwide lockdowns and traveling restrictions. In addition, the easing of restrictions lately has allowed in-person gambling to regain momentum, thanks to substantial pent-up demand. With the increased use of smartphones and emerging…

Sports ・ 15 June 2022

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Forbes

Will Las Vegas Sands Stock Climb The Ladder Again?

The shares of Las Vegas Sands (NYSE: LVS) and Penn National Gaming (NASDAQ: PENN) have observed a deep contraction after observing a strong rally in Q12021. Anticipation of increased regulatory oversight in Macau was the key cause of pessimism in Las Vegas Sands stock, but geopolitical tensions, skyrocketing inflation, and China's adherence to a…

Finance ・ 27 May 2022

World Casino News

IGT to add four new Wild Streak Gaming casino titles

Bragg Gaming Group's (NASDAQ: BRAG) Las Vegas-based content studio Wild Streak Gaming has agreed to develop four exclusive new land-based slot titles for British gambling company International Game Technology (IGT). The recent deal expands on a " productive and long-standing collaboration " between the third-party game design and content provider…

Finance ・ 13 May 2022

Asgam

MGM China falls to US$26 million EBITDAR loss in 1Q22 on falling Macau revenues

MGM China has reported revenue of US$268 million in the three months to 31 March 2022, down 9% year-on-year and 63% lower than the same period in 2019. It was also 15% lower than 4Q21, with its Macau properties - MGM Cotai and MGM Macau - still heavily impacted by travel and entry restrictions into the SAR. Adjusted Property EBITDAR was a loss of…

Finance ・ 02 May 2022

Yogonet

Boyd to expand Fremont Las Vegas casino floor, upgrade dining offerings following record Q1 results

Boyd Gaming's Fremont Hotel & Casino in downtown Las Vegas is expanding its casino floor and replacing its former buffet with a new dining hall concept. Executives for the company made the announcement during a call with investors held on Tuesday, in which the company also reported record first-quarter revenues. The new dining hall is set to…

Land-based ・ 02 May 2022

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Forbes

Las Vegas Sands Stock: Ride The Momentum Or Pull Out?

After going through the public consultation procedure, the Macau Gaming Bill is under discussion by the members of the legislative assembly. The draft bill proposes six concessionaires with a maximum term of ten years. The uncertainty surrounding the number of casino licenses led to a deep contraction in Las Vegas Sands stock (NYSE: LVS). Given the…

Finance ・ 26 January 2022

Stock News

PENN: 2 Casino & Gambling Stocks Wall Street Predicts Will Rally More Than 70%

The COVID-19 pandemic-led restrictions proved to be a massive hurdle for the casino & gambling industry, as physical casinos were forced to remain closed. However, companies providing online gambling services were able to generate significant returns. Along with rising demand for online gambling, the reopening of physical casinos with fast-paced…

Gaming Authorities ・ 21 January 2022

Kalkine Media

Top 5 FTSE gambling stocks of 2021

The gambling sector witnessed a shift towards online betting during the pandemic. For online betting, adults aged over-65 were the fastest-growing age bracket, rising by 4.8 per cent between Sep 2019 to Sep 2021. The gambling sector witnessed a shift towards online betting amid lockdowns restrictions since the onset of the pandemic. According to…

Top and Best ・ 31 December 2021

Forbes

Will Tides Turn For Las Vegas Sands Stock?

Since March, the shares of Las Vegas Sands (NYSE: LVS) and Penn National Gaming (Nasdaq: PENN) have observed a deep contraction after observing a strong rally in the first quarter. While the anticipation of increased regulatory oversight has led to pessimism in Las Vegas Sands stock, the shares of Penn National Gaming observed a broad-based…

Finance ・ 31 December 2021

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Financial Review

Aristocrat eyes $94b prize with megadeal

For Aristocrat chief executive Trevor Croker, it's a deal that will set Aristocrat up for a new phase of growth over the next five years, taking Aristocrat beyond its two key businesses - selling gaming machines to casinos and venues around the world, and developing online social games where players don't gamble real money - and online real money…

Trust and Safety ・ 20 October 2021

GGRAsia

Philippine 2Q casino GGR down 27pct q-o-q at US$373mln

The Philippine casino sector produced gross gaming revenue (GGR) of nearly PHP18.80 billion (US$373.0 million) in the three months to June 30, down 27.0 percent on the PHP25.74 billion generated in the first quarter. The figure excludes revenue from bingo operations and from electronic game parlours. That is according to data released this week by…

Covid ・ 20 August 2021

Entrepreneur

Las Vegas Sands vs. Boyd Gaming: Which Casino Stock is a Better Buy?

Following the jarring impact of the COVID-19 pandemic last year, the casino industry is finally showing signs of recovery thanks to the continued evol... Stay informed and join our daily newsletter now! 6 min read Following the jarring impact of the COVID-19 pandemic last year, the casino industry is finally showing signs of recovery thanks to the…

Finance ・ 05 August 2021

GGRAsia

SJM Holdings 1H loss slightly up, as revenue rises 19pct

Macau casino operator SJM Holdings Ltd reported a first-half net loss of nearly HKD1.47 billion (US$ 188.5 million), compared to HKD1.41 in the first six months of 2020. That was on revenue that rose by 19.4 percent year-on-year, to HKD5.22 billion, the firm said on a Tuesday filing to the Hong Kong bourse. Group adjusted earnings before interest,…

Finance ・ 03 August 2021

Pokerfuse

Michigan’s Online Casinos Start Live Dealer Games

The Michigan Gaming Control Board (MGCB) has authorized live dealers at the state's online casinos, becoming the third US state to do so. MGCB staff, Evolution, a Swedish provider of digital platforms for online and land-based casinos, received authorization to begin livestreaming real-time casino table games with live dealers from a studio in…

Live Gambling ・ 30 July 2021

WTOP

7 Best Gambling Stocks to Buy

Analysts recommend these gambling stocks in 2021. The gambling industry has been one of the hardest hit by the pandemic in 2020, and casinos were especially affected during the economic shutdown. Destinations such as Las Vegas and Macao have had a particularly difficult struggle due to travel restrictions. At the same time, the pandemic accelerated…

Top and Best ・ 27 July 2021

Investor Place

3 Casino Stocks to Watch As Land-Based Gambling Declines

Casino stocks have had a tough 2020 due to declining revenue, at least for traditional casino stocks with physical locations and no online games. Still, something unorthodox happened to some casino stocks: soaring stock prices in the face of declining revenues. Are casino stocks now a safe bet on the global economic reopening and the return to…

Finance ・ 20 May 2021

Stock News

PENN: 2 Casino Stocks Wall Street Loves

The ongoing U.S. mass vaccination drive bodes well for the tourism industry because the pent-up demand for travel is through the roof. With most travel and hospitality companies receiving huge, advanced bookings, brick-and-mortar casinos and related business segments are likely to soon see increasing foot traffic. This is why the casino management…

Finance ・ 07 May 2021

Review Journal

April gross gaming revenues pick up steam in Macao

As a major holiday period wraps up Wednesday in Macao, gross gaming revenue for the area has picked up steam. Macao's Gaming Inspection and Coordination Bureau reported Saturday that the region's casinos collected $1.05 billion (U.S.) in April compared with $94.3 million (U.S.) in April 2020, a 1014.4 percent increase. It was the highest monthly…

Finance ・ 07 May 2021