ThinkstockCasino operators Pinnacle Entertainment Inc. (NYSE: PNK) and Ameristar Casinos Inc. (NASDAQ: ASCA) announced this morning that the two companies have signed a definitive agreement under which Pinnacle will acquire all the outstanding shares…
ThinkstockIn its latest report on gambling revenues in the state, the Nevada Gaming Commission said that total revenue for October 2012 came in at $979 million, up 1.9% compared with October 2011. The Las…
ThinkstockCasino owner and operator Penn National Gaming Inc. (NASDAQ: PENN) announced this morning that it will spin off its real estate assets into a separate, publicly traded REIT in a transaction that is tax-free…
ThinkstockCeasars Entertainment Corp. (NASDAQ: CZR) reported third-quarter 2012 results after markets closed today. For the quarter, the casino and resort owner posted a diluted earnings per share (EPS) loss of $4.03 on revenues of…
ThinkstockShares of MGM Resorts International (NYSE: MGM) dropped this morning after the company reported a larger-than-expected loss in the third quarter. The company posted an earnings per share (EPS) loss of $0.37, compared with…
Wynn Resorts Ltd. (NASDAQ: WYNN) reported third-quarter 2012 results after markets closed today. For the quarter, the resort and casino owner posted adjusted diluted earnings per share (EPS) of $1.48 on revenues of $1.3…
Short sellers have actually lightened up on their bets against the casinos and against the gambling machine makers. Perhaps the drop from the highs has taken the easy money out of the…
Wynn Resorts Ltd. (NASDAQ: WYNN) may have a distraction for its shareholders now with its ongoing fight between Steve Wynn and Kazuo Okada. Okada’s Aruze USA, Inc. has issued an open letter to the Wynn shareholders…
In its latest report on gambling revenues in the state, the Nevada Gaming Commission said that total revenue for July 2012 came in at $1 billion, up 17% compared with July 2011. The Las…
In our report on short interest in casino stocks, we noted a drop in short interest at one company that makes gaming machines, International Game Technology (NYSE: IGT). In addition to slot machines, IGT…
Short sellers have not unilaterally increased their bets against casinos, but there was a rise in the short interest in this sector’s leaders on the August 15 settlement date versus the July 31 settlement date.…
You have probably seen that the casinos have sold way off of their highs as the economy has softened. Las Vegas gambling revenues were lower in recent data and word of a slowing in…
Bally Technologies Inc. (NYSE: BYI) reported adjusted fourth fiscal quarter earnings per share (EPS) of $0.78 and $246 million in revenues after markets closed yesterday. EPS for the same period a year ago was…
In its latest report on gambling revenues in the state, the Nevada Gaming Commission said that total revenue for June 2012 came in at $832.5 million, down -6% compared with June 2011. For the…
China’s Macau gambling and free trade zone managed to show growth in July. While the pace was up by only 1.5% in July on a year-over-year basis, the results were better than expected so…