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Wynn Resorts Q3 Earnings Highlights: Revenue Beat, EPS Beat, Macau Recovery, New UAE Resort Under Construction
Thursday, November 9, 2023 - 5:41pm | 478Casino company Wynn Resorts (NASDAQ:WYNN) reported third quarter financial results after market close Thursday. Here are the key highlights. What Happened: Wynn Resorts reported third quarter operating revenue of $1.67 billion, which was up from a total of $889.7 million reported in the prior year'...
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Penn Entertainment Q3 Earnings Highlights: Revenue Beat, ESPN Bet Set For Multi-State Launch
Thursday, November 2, 2023 - 10:21am | 695Casino and sports betting company PENN Entertainment (NASDAQ:PENN) announced third quarter financial results before the market opened Thursday. What Happened: Penn Entertainment reported third quarter revenue of $1.62 billion, which was down from last year's $1.625 billion. The revenue total came...
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Churchill Downs Analyst Sized Up 'High-Quality Kentucky Derby Asset': Project Pipeline Includes Casinos
Tuesday, October 3, 2023 - 12:07pm | 572Renowned for owning the Churchill Downs racetrack and hosting the iconic Kentucky Derby annually, Churchill Downs Inc (NASDAQ: CHDN) also boasts an impressive portfolio of other horse racing and casino assets. Here's an analyst's take on the company's potential. The Churchill Downs...
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Double Whammy: How Detroit Casino Shutdown Could Hurt Gaming Stocks, State Of Michigan
Monday, October 2, 2023 - 4:54pm | 907With a United Auto Workers strike already throwing the Big Three Detroit automakers into disarray, Detroit is facing a second potential strike from another sector that represents a major revenue stream for the Motor City. Detroit Casino Workers Authorize Strike: Workers at the three...
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Casino Giants Face Cybersecurity Crisis: Caesars Entertainment Falls Prey To Hackers Post-MGM Attack
Wednesday, September 13, 2023 - 4:49pm | 584In a recent cybersecurity breach, Caesars Entertainment Inc. (NYSE:CZR) reportedly paid millions to cyber attackers to prevent the leak of company data. The fallout of this incident has led to a substantial drop in the company’s share prices. What Happened: Caesars Entertainment ...
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PENN Entertainment Q2 Earnings Preview: Earnings Estimates, Analyst Targets, And Key Metrics To Watch
Tuesday, August 8, 2023 - 2:08pm | 822Sports betting and casino operator PENN Entertainment (NASDAQ: PENN) is set to report second quarter financial results before the market opens Wednesday. Here’s a look at the key estimates and details to watch. Earnings Estimates: PENN Entertainment is expected to report second quarter...
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MGM Resorts Q2 Earnings Highlights: Revenue And EPS Beat, Record Quarter, China Revenue Up 418%, BetMGM Improves And More
Wednesday, August 2, 2023 - 4:56pm | 468Casino and hospitality company MGM Resorts International (NYSE: MGM) reported second-quarter financial results after the market close Wednesday. Here are the key highlights. What Happened: MGM Resorts reported second-quarter revenue of $3.94 billion, which was up 21% year-over-year. The revenue...
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Las Vegas Sands Q2 Earnings Highlights: Revenue Beat, EPS Beat, Highest EBITDA Since 2019, Dividend Resumption And More
Wednesday, July 19, 2023 - 4:48pm | 430Casino and resort operator Las Vegas Sands (NYSE: LVS) reported second-quarter financial results after the market close Wednesday. Here are the key highlights. What Happened: Las Vegas Sands reported second-quarter revenue of $2.54 billion, which was up over 100% year-over-year from $1.05 billion....
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Dave Portnoy Not Confident Of Future With Barstool Sports: 'My Contract's Done In 20 Months.' Could A New Pizza Review Show Be In The Works?
Saturday, May 27, 2023 - 5:04pm | 1108The founder of one of the most successful sports media companies of the last decade could be ready to call it quits. Here’s a look at where things stand between Penn Entertainment, Barstool Sports and Dave Portnoy. What Happened: The acquisition of Barstool Sports by Penn Entertainment (...
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DraftKings Sees Price Upgrade From Analyst On 'Path To Positive EBITDA,' Penn's Price Adjustment Down Over Regionals Concern
Tuesday, May 16, 2023 - 3:43pm | 737Sports betting company DraftKings Inc (NASDAQ: DKNG) recently reported first-quarter financial results. Now, an analyst is sizing up the earnings report from DraftKings and other operators in the sports betting space. The Analyst Ratings: Morgan Stanley analyst Stephen Grambling has an...
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Wynn Resorts Q1 Earning Highlights: Record North American Results, Macau Rebounds, Dividend Is Back
Tuesday, May 9, 2023 - 5:14pm | 553Casino company Wynn Resorts, Limited (NASDAQ: WYNN) reported first-quarter financial results after market close Tuesday. Here are the highlights. What Happened: Wynn Resorts reported first-quarter revenue of $1.42 billion, which was up 49% year-over-year. The revenue total beat a Street consensus...
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MGM Resorts International Q1 Earnings Highlights: Revenue And EPS Beat, Record Las Vegas EBITDAR, China Comes Back And BetMGM Update
Monday, May 1, 2023 - 4:58pm | 632Casino resort operator and sports betting company MGM Resorts International (NYSE: MGM) reported first-quarter financial results after the market close Monday. Here are the key highlights. What Happened: MGM Resorts International reported first-quarter revenue of $3.87 billion, up 36% year-...
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Japan Approves First Ever Casino And Resort: Here's The Public Stock That Could Benefit
Friday, April 14, 2023 - 4:40pm | 745The passage of legislation in 2018 created the opportunity for three Japanese cities to build casinos. The first-ever casino in Japan has been approved. Here’s a look at the parties involved and what it means. What Happened: For the past several years, casino company MGM Resorts International...
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China Fully Removes Macau Travel Restrictions, COVID-19 Testing Requirements: Here's How To Play It
Monday, February 6, 2023 - 1:30pm | 543On Monday, China officially lifted all travel restrictions and limitations to Macau and scrapped COVID-19 texting requirements. Macau casino operators are now hoping the end of pandemic restrictions will produce an extended period of pent-up demand among gamblers. The Numbers: On Monday, Bank of...
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Gamble In The Metaverse? This Casino Company Just Took First Step To Enter
Monday, August 15, 2022 - 4:35pm | 407A leading casino and resort company has filed several trademarks related to the metaverse. Here’s the latest. What Happened: Casino company MGM Resorts International (NYSE: MGM) is one of several casino related companies that filed metaverse trademarks recently. Trademark attorney Josh Gerben...