In a note, analysts Alex Bumazhny, Colin Mansfield, and Connor Parks forecast that gross gaming revenue (GGR) will be down 60 percent this year, 50 percent in 2021, and 20 percent in 2022. The percentage declines are relative to the Strip’s GGR numbers realized in 2019. A full recovery to pre-pandemic levels is not expected […]
Ultimately, those games were surpassed by the Sunday night game between the Los Angeles Rams and San Francisco 49ers. All three went into the victory column for PointsBet. It was a great day for us, overall,” said Andrew Mannino, the senior sports content analyst at PointsBet, to Casino.org. “We had big results on the Bucs, […]
The Las Vegas Sands is the largest US gaming company by market capitalization. Adjusted property earnings before interest, taxes, depreciation and amortization (EBITDA) of -$203 million was far better than the consensus estimate of -$294.7 million. Despite another challenging quarter, an extension of the havoc wrought on the global gaming industry by the coronavirus pandemic, […]
But not all was lost for his reelection chances, as he gained momentum in Pennsylvania. The second of two presidential debates was certainly much more presidential and civilized than the first. But according to estimates from Nielsen ratings, approximately 63 million people tuned in for Trump vs. Joe Biden round two. That’s a substantial drop […]
SPACs raise funds of their own via an initial public offering (IPO) and then shop for a merger partner that’s looking to rapidly go public, using the IPO proceeds to acquire the target company. SPACs are also known as blank-check firms. “DMY Technology Group II went public in August, raising $240 million from its IPO […]
Suga has long been a loyal Abe confidant. He plans to remain steadfast in pushing his former leader’s economic positions. That includes Japan becoming a commercial gaming market. Suga replaced Shinzo Abe last month after he stepped down because of health reasons, Casinos are in 130 countries and regions. It is planned that Japan integrated […]
Bristol, Danville, Norfolk, Portsmouth, and Richmond all qualified to hold a local ballot referendum asking constituents whether they want to use a casino to provide an economic jolt to their communities. The gaming question came as a result of legislation passed by the Virginia General Assembly and signed by Gov. Ralph Northam (D) earlier this […]
With the NFL season at an unofficial midpoint, the defending champion Chiefs are +350 to win the Super Bowl, followed by the undefeated Pittsburgh Steelers at +600 and the Tampa Bay Buccaneers at +700. The Bucs, since signing legendary quarterback Tom Brady during the offseason, opened the season at +1,500 and are FanDuel’s biggest liability. […]