Archive snapshot · Biz
Thu, Oct 29, 5:46 AM ET
MGM Resorts posts $4.21B Q3 revenue, EPS miss, as Las Vegas rates pressure earnings
MGM's quarter landed roughly in line on revenue but missed on EPS, with management pointing to weaker Las Vegas ADR and vowing buybacks as the domestic business
Gambling News · +7 outlets
Caesars reports $123M Q3 net loss, misses estimates, as Las Vegas weakness offsets regional and digital gains
Caesars' Las Vegas segment continued to slide in the third quarter while regional and digital operations grew.
Yogonet · +7 outlets
Rush Street Interactive beats Q3 profit forecasts but misses on sales as growth slows
RSI posted 39% revenue growth on a casino-first strategy but sales came in below analyst estimates, testing its outlook.
Gambling Insider · +6 outlets
MGM China Q3 revenue hits record US$1.14B as market share climbs, EBITDAR down 7%
The Macau unit set a quarterly revenue record even as property-level EBITDAR declined year over year.
Macau Business · +2 outlets
Monarch Casino & Resort posts record Q3 revenue of $146.3M but misses EPS estimates
Record quarterly revenue did not stop the earnings miss, sending shares below their 200-day moving average even as analysts called the quarter solid.
MarketBeat · +8 outlets
Churchill Downs approves up to $750M buyback and raises annual dividend 7%, a 16th straight increase
The Kentucky Derby operator paired a higher shareholder payout with a new repurchase authorization as Q3 profit rose.
Stock Titan · +2 outlets
Gaming and Leisure Properties enters first non-gaming joint venture with Prologis at former Hollywood Casino Joliet site
GLPI is expanding beyond casino real estate, teaming with Prologis to redevelop the shuttered Joliet, Illinois property.
The Manila Times · +8 outlets
Kalshi sues Missouri as Crypto.com challenges Utah over prediction market rules
The prediction market operators escalated legal fights with state regulators over the scope of event-contract trading.
Gambling Insider · +1 outlets
UK gambling tax rise adds pressure after Farage Gibraltar talks
A higher UK gambling duty compounds cost pressure on operators amid political talks over Gibraltar-based businesses.
Casino.com
Star Entertainment returns to positive quarterly earnings but financial risks remain
The Australian casino operator reported a profitable quarter while still carrying balance sheet and regulatory risk.
Casino.com · +10 outlets
VICI Properties and Churchill Downs announce buybacks
Both the casino REIT and the Derby operator moved on shareholder returns in the same stretch.
Casino.org · +1 outlets
Yousif Capital Management buys 43,492 Caesars Entertainment shares
A routine 13F-style disclosure of a modest institutional position change in Caesars.
MarketBeat

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