Count the analysts at Fitch Ratings Service as predicting 2016 to be a stable environment for most U.S. gaming operators.
Search results for:
Billionaire Sheldon Adelson remains Macau’s most optimistic and vocal cheerleader.
CNBC host and financial gossip monger Jim Cramer set the gaming investment community abuzz last week. Cramer told his “Mad Money” audience there was “speculation” that Wynn Resorts Ltd. “might merge” with MGM Resorts International. But the notion of a MGM-Wynn merger is ludicrous.
California’s latest effort to legalize online poker would sideline PokerStars, shut out the racetrack industry, and offer a twist that makes traditional casinos and card rooms part of the game.
On a whole, the locals market gaming revenue through September is down less than 1 percent from 2013, according to the Gaming Control Board.
International Game Technology is the most prominent gaming company with a “For Sale” sign planted in the front yard.
Nothing is simple when it comes to Caesars Entertainment Corp. Take last week’s announcement that the company is selling four casinos to its Caesars Growth Partners subsidiary for $2.2 billion.
Clearly, Caesars Entertainment Corp. doesn’t want visitors to The Cromwell to gamble, drink, smoke, fornicate or perform any other sinful act at the newly renamed boutique Strip hotel-casino.
This month’s Global Gaming Expo could easily be mistaken for CinemaCon.
Things are not all peaceful down on the farm. Social gaming giant Zynga Inc., which has a grand vision of converting its platform into a real money pay-to-play online gambling format in Nevada, slashed 18 percent of its workforce and closed multiple offices to cut costs this past week.