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Catena Media CEO resigns amid disappointing fourth-quarter results
February 27, 2024 - Michael Daly, CEO of gambling affiliate giant Catena Media, has resigned and handed over his duties to interim CEO Pierre Cadena, formerly the company’s vice president of corporate strategy, but... Read more »
Caesars faced headwinds in fourth quarter, results show
February 20, 2024 - Caesars Entertainment reported a decline in revenue and adjusted earnings in Las Vegas during the fourth quarter, but a strong showing in its digital segment helped overall earnings during the... Read more »
Las Vegas Sands’s fourth-quarter results climb
January 24, 2024 - Las Vegas Sands Corp. reported financial results for the fourth quarter that showed big gains in net revenue, operating income, and adjusted earnings boosted by its resorts in Macau and... Read more »
Wynn Resorts touts second-quarter results and UAE construction
August 9, 2023 - Wynn Resorts CEO Craig Billings touted second-quarter results, as the company announced that construction is underway on its resort on Al Marjan Island in the United Arab Emirates that he... Read more »
Wall Street Bets: Analysts take on DraftKings, Bally’s, and AGS second quarter results
August 7, 2023 - DraftKings’ second quarter report drew widespread analysis from Wall Street analysts. Barry Jonas of Truist Securities August 4 wrote that DraftKings “posted an impressive +$73 million of positive EBITDA in... Read more »
MGM posts record results for second quarter
August 2, 2023 - MGM’s multi-pronged strategy appears to be paying dividends. The gaming operator boasted record revenue of $3.9 billion during the second quarter of 2023, a year-over-year increase of 21%. MGM CEO... Read more »
VICI announces partnership with Canyon Ranch; second-quarter results top Street forecasts
July 30, 2023 - VICI Properties eyed expansion in its core gambling and entertainment business and looked to widen its wellness businesses foothold as it announced second-quarter earnings. The real estate investment trust broadcast... Read more »
DraftKings shares surge on better-than-expected first-quarter results
May 7, 2023 - Sports-betting giant DraftKings’ shares surged 15% Friday in the aftermath of better-than-forecast first-quarter results. In addition, investors were incentivized by the company’s claim that it will be breakeven on an... Read more »
Churchill Downs shares surge 14% after report of first-quarter results
April 28, 2023 - A year-to-year doubling of live and historical racing revenue fueled a first quarter of gains for Churchill Downs. The horse-track and casino company posted surging profits and record revenue, both... Read more »
Century Casinos’ second-quarter earnings and revenue both rise, but results mixed with analysts
August 14, 2022 - Century Casinos said a post-COVID rebound in Canadian casino business helped boost its second-quarter fortunes, as earnings per share rose to top Wall Street forecasts. Revenue, despite also rising, missed... Read more »