Caesars Entertainment says Las Vegas market still strong

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tradingview.com

Are These 3 Casino Stocks a Good Buy Now?

Casino stocks can be a lucrative opportunity for investors with a high risk appetite. Casinos have enormous growth potential, as they often benefit from increased during good economic times. Furthermore, the rise of online gambling and has provided exciting new revenue streams for traditional casino operators. The post-pandemic market is showing…

Finance ・ 04 July 2024

cybersecuritydive.com

Caesars shakes off cyberattack with strong Q3 Las Vegas demand

The casino operator, however, faces extensive litigation and government inquiries following theft of its customer rewards database. Caesars Entertainment is showing little immediate impact from a late summer social-engineering attack after a demand in Las Vegas fueled strong third-quarter earnings. The casino and sports betting giant reported $3…

Incidents ・ 02 November 2023

Review Journal

A’s Las Vegas stadium land deal to close in Q4, Red Rock says

Red Rock Resorts Inc. - recently in the spotlight for its surprising deal of a binding agreement to sell nearly 49 acres to the Oakland Athletics - on Thursday dodged specific questions about the transaction, during its first-quarter earnings call. Executives said the agreement with the A's is confidential, but it expects the deal to close in the…

Industry ・ 06 May 2023

Review Journal

Red Rock Resorts says casino revenue ‘stable and healthy’

Red Rock Resorts on Tuesday reported a steady locals casino environment, as it moves forward with developing its long-term growth strategy in the Las Vegas Valley. The parent company of Station Casinos reported its best fourth quarter in history for same-store net revenue and second-best fourth quarter in adjusted cash flow and adjusted cash flow…

Finance ・ 09 February 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.

Review Journal

6 biggest casino deals on the Las Vegas Strip in 2022

A number of casino operators changed up their real estate portfolio this year with sales, acquisitions and leasebacks - showcasing a flurry of activity after the short but steep economic fallout caused by the COVID-19 pandemic. And a number of those deals, announced last year, have closed in 2022. Here are six of this year's major deals on the…

Industry ・ 26 December 2022

The Street

Huge Las Vegas Strip Casino Deal Falls Through

Real estate on the Las Vegas Strip has become incredibly valuable. Strips of land sell for tens of millions of dollars and any parcel big enough to host a casino goes for much more than that. Actual casinos sell for billions of dollars. MGM Resorts International MGM sold Mirage to Hard Rock International for $1 billion and paid $1.625 billion to…

Land-based ・ 12 December 2022

Review Journal

Macao travel restrictions continue to pummel Las Vegas Sands

Travel restrictions in Macao continued to drag on Las Vegas Sands Corp. earnings, but resiliency in Singapore had company officials feeling optimistic as they reported their third quarter results on Wednesday. The company reported a net loss of $239 million, 31 cents a share, on revenue of $1 billion for the quarter that ended Sept. 30. A year…

Travel ・ 21 October 2022

Kalkine Media

Kalkine Media explores five US casino stocks to watch in October

The casino sector comprises firms from the gaming industry that offer leisure and other related services through their resorts and casino gaming properties. To name some, Las Vegas Sands Corp. (NYSE: LVS), Wynn Resorts, Limited (NASDAQ: WYNN), MGM Resorts International (NYSE: MGM), Caesars Entertainment, Inc. (NASDAQ: CZR), and Boyd Gaming…

Finance ・ 22 September 2022

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Las Vegas, USA

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USA

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Nevada

The Street

Bally's Close to Making a Huge Las Vegas Strip Deal

In early August, Bally's Corp. (BALY) stock tumbled after the casino operator cut its 2022 revenue and EBITDA estimates due to weakness at its venue in Atlantic City. The company is now expecting 2022 EBITDA between $535 million and $550 million, down from its previous forecast between $560 million and $580 million. The company now expects sales…

Land-based ・ 16 August 2022

Review Journal

Boyd Gaming revenue slightly up from year-over-year

Revenue was up slightly year-over-year for Boyd Gaming Corp. as company leadership expressed confidence in its business and plans to navigate economic uncertainty. The Las Vegas-based operator of three downtown Las Vegas properties, as well as other hotel-casinos, reported second-quarter results were strong in a news release ahead of its Tuesday…

Finance ・ 27 July 2022

Review Journal

Weeklong Macao casino shutdown affecting Sands, MGM, Wynn begins

Macao casino resorts closed their doors Monday as a weeklong government-ordered shutdown began in the region, taking a toll on properties including several operated by three Las Vegas-based companies. Because of elevated COVID-19 case numbers, Macao Secretary for Administration and Justice Andrew Cheong Weng Chun on Saturday ordered a closure of…

Covid ・ 11 July 2022

Review Journal

Macao gaming revenue slumps by 68 percent in May

On the day Chinese authorities lifted COVID-19 restrictions in Shanghai, Macao's Gaming Inspection and Coordination Bureau reported another steep decline in gross gaming revenue for the month of May. The bureau that monitors gaming revenue for Macao's 41 casinos - including several owned and operated by three Las Vegas-based companies - reported…

Finance ・ 02 June 2022

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Land-based

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Finance

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Review Journal

Las Vegas casino landlord Vici Properties owns 660 acres

After completing more than $20 billion in deals recently, casino landlord Vici Properties now owns several hundred acres along the Strip, "the most economically productive street in the world," the firm said Thursday. Vici, whose real estate holdings on Las Vegas Boulevard include megaresorts MGM Grand, Caesars Palace and The Venetian, this…

Land-based ・ 04 January 2023

Review Journal

Asian pandemic downturn leads Las Vegas Sands to stay patient

Las Vegas Sands Corp. executives will stay patient with their big investments in Macao and Singapore as the company prepares for its next phase of operations: one without Las Vegas resorts. Company leaders told investors during their fourth-quarter earnings call Wednesday that they'll stay the course in Macao, where it is the market leader, and go…

Covid ・ 27 January 2022

Investor Place

3 Top Casino Stocks That Could Make a Comeback in 2022

Over the past year, casino stocks have been devastated by the novel coronavirus pandemic. Just take a look at some of the losses a handful of major players in the sector have seen: Las Vegas Sands (NYSE: LVS) fell from a January 2020 high of $74.29 to now sitting at $35 Wynn Resorts (NASDAQ: WYNN) fell from $153.41 in January 2020 to $82.15…

Finance ・ 20 December 2021

Review Journal

Station Casinos’ planned Durango property has price tag: $750M

Executives of Station Casinos have no plans to sell the three casinos they own that remain closed, and they now have a price tag for their planned resort at Durango Drive - $750 million. Station's parent company, Red Rock Resorts, reported solid third-quarter earnings Tuesday afternoon. Chairman and CEO Frank Fertitta III said the company…

Travel ・ 03 November 2021

Market Watch

Caesars stock drops after surprising loss, but recovers after moving up plans to sell a Vegas casino

Caesars Entertainment Inc. reported a surprising loss Tuesday, sending shares lower in after-hours trading, but the stock rebounded after executives outlined plans to reduce a massive debt load that includes the sale of a casino on the Las Vegas Strip. Caesars CZR, -0.29% on Tuesday reported a third-quarter loss of $233 million, or $1.10 a share,…

Finance ・ 02 November 2021

Review Journal

Las Vegas Strip landlord Vici sees revenues rise in Q3

The soon-to-be largest landlord on the Strip believes there's never been a better time to be investing in Las Vegas. That's understandable excitement for a company that has inked real estate deals for Strip properties totaling more than $21 billion this year alone. "We were very excited from the day we started the company. We're even more excited…

Land-based ・ 29 October 2021

Review Journal

Revenue rebounds, losses narrow for Las Vegas Sands Corp.

Las Vegas Sands Corp. has begun riding the rebound from the coronavirus pandemic, reporting improved second quarter revenue and narrowed losses on Wednesday. The company reported second quarter net loss of $139 million, 30 cents per share, on revenue of $1.173 billion in the quarter that ended June 30. That compares with a net loss of $757 million,…

Finance ・ 21 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

Vegas Inc

Caesars might sell a Las Vegas Strip resort next year, CEO says

An exterior view of Caesars Palace on the Las Vegas Strip Dec. 26, 2017. Wednesday, May 5, 2021 | 9:07 a.m. Caesars Entertainment still plans to sell one of its eight Las Vegas Strip resorts but will wait for the market to further rebound from the coronavirus pandemic before it does, the company's chief executive officer said. Caesars officials…

Land-based ・ 19 May 2021

The Nevada Independent

Indy Gaming: Caesars pulls the plug on its three-year plan to sell a Strip casino

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 Caesars Entertainment CEO Tom Reeg wanted…

Sports ・ 09 November 2022