Is Carnival’s Secondary Offering Too Optimistic?
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.
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Will Carnival Stop the Ship From Sinking With This Capital Raise?
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.
How the Fed May Have Saved the Casino Industry
Banks that supplied cash for two major casino deals have now found a buyer for their loans. The Federal Reserve has stepped up Monday.
How the Hotel Industry Job Losses and GDP Contribution Stack Up in the COVID-19 Recession
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.
Carnival Temporarily Halts Princess Cruises After Coronavirus Impact
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.
Is Carnival Doing Everything It Can About COVID-19?
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.
Is the Cruise Business Crippled Permanently?
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…
MGM Continues Property Sales With $2.5 Billion Agreement
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.
Sports Betting Firm DraftKings Acquired, Looks to Go Public Next Year
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 year.
Carnival Sails Away With Q4 Earnings
Carnival shares rallied after it reported better than expected quarterly results with rosy earnings guidance late on Thursday.
Why Investing in Cruise Lines Finally May Be Safe Again
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.
MGM Hits $5 Billion Jackpot From Vegas Casino Sales; More to Come?
Casino owner/operator MGM Resorts has shed two of its Las Vegas properties for about $5 billion. More asset sales could follow.
Will TSG and Flutter Get Lucky Creating the World’s Biggest Online Betting Site
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 betting company.
Is SeaWorld in Trouble After This CEO Departure?
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.
Are Peak Resorts Shareholders Getting Enough in the Buyout?
Peak Resorts shares more than doubled early on Monday after the firm announced that it would be acquired by Vail Resorts.