Daily news

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    Caesars Entertainment Corporation has announced that it has furloughed around 90% of its total workforce in response to the temporary shutdown of its casino properties due to the novel coronavirus (Covid-19) outbreak.

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    Penn National Gaming (PNG) has taken measures to mitigate the effect of the novel coronavirus disease (Covid-19) on its business, selling and leasing back its Tropicana Las Vegas property and furloughing around 26,000 staff members.

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    MGM Resorts issued an earnings update amid the Covid-19 pandemic, reporting that revenue has declined for the first two months of 2020, but net income increased more than 500-fold because of the sale of the MGM Grand and Mandalay Bay venues.

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    Churchill Downs Incorporated (CDI) has temporarily furloughed employees at venues closed by the novel coronavirus (Covid-19) pandemic.

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    Land-based gaming operator Boyd Gaming has suspended its quarterly cash dividend due to the continued effects of the novel coronavirus (Covid-19) pandemic.

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    Gambling software supplier GAN has reiterated its confidence in its 2020 forecast, which projected revenue of $37m-$39m, even as the novel coronavirus (Covid-19) affects its sports betting vertical.

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    The American Gaming Association (AGA) has repeated its call for the federal government to support the US gambling industry after the last remaining commercial casinos temporarily closed their doors in response to the outbreak of novel coronavirus (Covid-19).

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    Table games supplier Galaxy Gaming’s revenue increased 14.5% to $21.3m for 2019 and said it remains confident that it has the funds to survive the closure of many casinos due to the outbreak of Covid-19.

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    The American Gaming Association (AGA) has said that the widespread shutdown of casinos across the US could cost the country’s economy as much as $43.5bn over the next two months.

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    The American Gaming Association (AGA) has urged federal government to offer additional support to the gambling industry as the market continues to feel the effect of the novel coronavirus (Covid-19) pandemic.

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    Casinos have closed, both voluntarily and by law, across the US in response to the ongoing outbreak of the novel Coronavirus disease (Covid-19).

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    Churchill Downs Incorporated’s net revenue for 2019 increased 33.0% to $1.33bn, thanks mostly to the building and acquisition of new casinos, though this expansion also weighed on the operator's bottom line.

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    Revenue at MGM resorts increased 9.6% year-on-year while the sale of the Bellagio resort boosted profits as the operator continues to pivot its business model away from property holdings.

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    Penn National Gaming (PNG) has entered into an exclusive sports wagering and online casino partnership with Barstool Sports, in a deal that will also see the operator acquire a 36% stake in the digital sports media company.

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    US gambling facility operator Greenwood Racing has appointed Eric Hausler, previously of VICI Properties and Capri Casinos, as its new chief executive, effective from 20 January.

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    Hard Rock International has launched PlayersEdge, a new initiative designed to help customers learn about responsible gambling and how to better manage their gaming habits.

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    Penn National Gaming has made a number of changes to its executive management team to coincide with the transition of Jay Snowden to the role of chief executive next month.

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    Penn National Gaming has selected Malta-based supplier White Hat Gaming to provide a player account management platform as it prepares to launch real-money betting in multiple states across the US.

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    Australia’s Aristocrat Leisure has reported a 22.7% year-on-year increase in revenue for the 12 months to 30 September, to AUD$4.40bn on a statutory basis.

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    Shareholders in Eldorado Resorts and Caesars Entertainment Corporation have voted to approve the proposed merger of the two operators.

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