Casinos & Hotels
Casinos & Hotels Articles
Banks that supplied cash for two major casino deals have now found a buyer for their loans. The Federal Reserve has stepped up Monday.
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The American Hotel and Lodging Association has released its view on COVID-19's impact on the hotel industry, and the projected losses are nothing short of staggering.
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Being in the cruise industry in a time of a pandemic outbreak is tough. Princess Cruises has announced a "voluntary and temporary pause" of its global ship operations.
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Is Carnival doing all it can to prevent the spread of COVID-19? It is still putting ships to sea knowing full well that there is a chance people aboard could be infected.
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The coronavirus outbreak has so badly crippled the cruise business that it may not come back for months, or even years. The broader question is whether the industry will ever return to its previous...
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MGM Resorts is selling its MGM Grand Las Vegas real estate assets to a new joint venture between MGM's own real estate arm and an affiliate of Blackstone for around $2.5 billion.
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Fantasy sports and online sports betting site DraftKings has agreed to a combination with special-purpose acquisition group Diamond Eagle that will lead to a public listing in the first half of next...
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Carnival shares rallied after it reported better than expected quarterly results with rosy earnings guidance late on Thursday.
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Wedbush Securities has come out in defense of the weakness in the cruise line industry, noting that the sell-offs seen have perhaps been too extreme.
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Casino owner/operator MGM Resorts has shed two of its Las Vegas properties for about $5 billion. More asset sales could follow.
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The Stars Group shares exploded on Wednesday after the firm announced that it will be acquired by Flutter Entertainment in an all-share combination. This deal will form the world’s largest online...
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SeaWorld shares took a step back on Tuesday after the firm announced that Gustavo Antorcha has resigned from his roles as CEO and member of the board of directors, effective immediately.
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Peak Resorts shares more than doubled early on Monday after the firm announced that it would be acquired by Vail Resorts.
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Back in 2015, the Obama administration opened up travel to Cuba. This was great for cruise lines because they had another destination for passengers to book. However, recent developments have raised...
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Casino and resort companies Eldorado and Caesars have announced a $17.3 billion merger that will create the country's largest gaming firm.
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