Casinos & Hotels

Carnival shares saw another incredible gain on Tuesday after it was disclosed that the Saudi Arabia sovereign wealth fund had acquired a stake in the cruise line operator.
Chris Lange
SeaWorld Entertainment shares jumped again on Tuesday after the company announced some major changes in leadership going forward.
Chris Lange
Carnival stock sank lower on Thursday after the company announced the pricing of a secondary offering. The company has been frantically pursuing debt offerings to stay afloat.
Chris Lange
Carnival and the rest of the cruise line operators appear to be running for the lifeboats after their businesses may be sunk. Carnival has announced a secondary offering.
Chris Lange
Banks that supplied cash for two major casino deals have now found a buyer for their loans. The Federal Reserve has stepped up Monday.
Paul Ausick
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.
Jon C. Ogg
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.
Jon C. Ogg
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.
Douglas A. McIntyre
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...
Douglas A. McIntyre
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.
Paul Ausick
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...
Paul Ausick
Carnival shares rallied after it reported better than expected quarterly results with rosy earnings guidance late on Thursday.
Chris Lange
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.
Jon C. Ogg
Casino owner/operator MGM Resorts has shed two of its Las Vegas properties for about $5 billion. More asset sales could follow.
Paul Ausick
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...
Chris Lange