Uncategorized

It’s been a while since Wall Street analysts tagged casino stocks with “sell” ratings. But Wynn Resorts (NASDAQ:WYNN) is enduring that fate today at the hands of Citi.

Posted on:

In a note to clients today, Citi analyst George Choi pared his rating on the Encore operator to “sell” from “buy.” This is a double downgrade because it skipped over a “neutral” grade. Choi also lifted his price outlook on the gaming company to $99 from $88. That’s about $11 […]

Uncategorized

His departure comes right in the midst of $11 billion takeover negotiations with MGM Resorts International.

Posted on:

It seems Segev’s head has been turned by a better offer, with Entain somberly admitting in an official statement that it “cannot match the rewards that he has been promised.” London’s Evening Standard reports that the 44-year-old executive has accepted the position of CEO of DAZN, the sports-streaming platform owned […]

Uncategorized

President Donald Trump has been impeached for a historic second time. But political bettors say the odds are long that’ll he’ll be convicted in the Senate.

Posted on:

The US House of Representatives yesterday voted 232-197 to impeach the president for a second time. No president in US history has previously been impeached twice. The bipartisan impeachment charges Trump with one count of “incitement of insurrection.” Ten Republicans voting “yea.” No Democrats voted against the impeachment. Democrats and […]

Uncategorized

MGM Springfield and Plainridge Park saw their gross gaming revenues (GGR) nearly halved in 2020 compared with their 2019 numbers.

Posted on:

Massachusetts is home to three casinos — Encore Boston Harbor being the third. Total GGR for the three properties last year was $551.93 million. Despite state-ordered closures from mid-March through June, and ongoing reduced capacity limits and numerous regulatory safeguards, 2020 casino win was down only 4.6 percent from 2019. […]

Uncategorized

The Illinois Gaming Board (IGB) is penalizing video gaming terminal (VGT) distributor Accel Entertainment (NYSE:ACEL) to the tune of $5 million.

Posted on:

Under the terms of that accord, Accel’s more than 2,300 VGTs across the Land of Lincoln feature DraftKings content, including advertisements, betting lines, and avenues for signing up for the sportsbook operator’s mobile app. The sports betting company is live and legal in the Prairie State. The IGB contends that […]