Casino operator Boyd Gaming has taken the “extremely difficult decision” to lay off staff members still on furlough, having warned in May that disruption caused by novel coronavirus (Covid-19) could force it to significantly cut headcount.
Daily fantasy and sports betting operator DraftKings and land-based casino operator Twin River Worldwide Holdings have announced the opening of a temporary retail sportsbook at the Mardi Gras Casino in Black Hawk, Colorado.
Twin River Worldwide Holdings has completed the acquisition of Eldorado Resorts’ Isle of Capri Casino in Kansas City, Missouri and the Lady Luck Casino in Vicksburg, Mississippi.
Australian sports betting and daily fantasy sports operator PlayUp has named Dr Laila Mintas as chief executive of its new US division as it prepares to enter the market.
The Federal Trade Commission (FTC) has approved the merger between Eldorado Resorts and Caesars Entertainment, after requiring Eldorado to sell two properties to Twin River Worldwide Holdings in markets where the deal was deemed uncompetitive.
Golden Nugget Online Gaming will go public on the Nasdaq exchange following a special-purpose reverse merger with blank check company Landcadia Holdings II.
A number of leading commercial casino operators in the US have announced the reopening of their properties as states continue to relax restrictions for the novel coronavirus (Covid-19) pandemic.
Churchill Downs Incorporated (CDI) has announced that it is to reopen five more of its casinos across Florida, Louisiana, Maryland, Ohio and Pennsylvania.
Boyd Gaming has today (June 11) announced plans to reopen 3 casinos in Indiana and Ohio, bringing its total number of properties back in operation to 24 out of 29 across the US.
Twin River Worldwide Holdings has announced that it aims to reopen 90% of its US bricks-and-mortar casinos by 8 June, following a period of temporary closure due to the novel coronavirus (Covid-19) pandemic.
The American Gaming Association (AGA) has urged the US government to raise the slot jackpot reporting threshold, which requires machines to be temporarily taken out of production while large jackpot winners complete a tax reporting form.
International Game Technology (IGT)’s revenue declined 17.9% to $940.2m in the first quarter of 2020, while a $296m impairment charge related to the effects of the novel coronavirus (Covid-19) saw the supplier post a loss for the period.
Full House Resorts became the latest land-based operator to see its bottom line heavily impacted by novel coronavirus (Covid-19), as Q1 revenue fell 24.7% to $30.9m and the operator slipped to a loss.
The third day of ICE North America Digital focused on the brick-and-mortar industry, namely the path back to business for an industry shuttered since mid-March by novel coronavirus (Covid-19).
MGM Resorts has set out a new strategy for safely reopening its casinos, having been forced to close venues in March due to novel coronavirus (Covid-19).
The second day of ICE North America Digital focused on sports betting, looking both at the regulatory prospects in the wake of Covid-19’s disruption, as well as examining the new products growing in popularity during the shutdown.
Caesars Entertainment Corporation (CEC) reported $123m in comprehensive profit for the first quarter of 2020, despite experiencing a year-on-year drop in revenue due to enforced casino closures as a result of the novel coronavirus (Covid-19) outbreak.
Casino operator Eldorado Resorts posted a $175.6m net loss for the first quarter of 2019 after a strong start to the period was hindered by the closure of its venues as a result of the novel coronavirus (Covid-19).
Casino operator Wynn Resorts has put a net loss of $402.0m in the first quarter primarily down to the temporary closure of its sites in the US and Macau due to the novel coronavirus (Covid-19) pandemic.
Penn National Gaming (PNG) has posted a loss of $608.6m for the first quarter of 2020, primarily due to impairment charges and the shutdown of its casinos due to the novel coronavirus (Covid-19) outbreak.
