MGM Resorts posts $4.21B Q3 revenue, narrowing loss, as weak Las Vegas rates pressure results
MGM's Las Vegas results and average daily rates softened, though management said domestic business trades at under 3x EBITDA and vowed buybacks.
Gambling News · +12 outlets
MGM China sets record Q3 revenue of $1.14B as Macau market share hits new high of 17.1%
MGM China's record top line came even as quarterly EBITDAR fell 7%, with the unit taking a larger slice of the Macau market.
Macau Business · +2 outlets
Rush Street Interactive tops Q3 profit forecasts on 39% revenue growth, online betting users hit record
RSI reported record North American online betting users and a casino-first strategy, though revenue came in below some analyst estimates and slower growth teste
Stock Titan · +8 outlets
Caesars reports $123M Q3 loss as Las Vegas Strip weakness offsets regional and digital gains
Caesars' digital segment profits surged while its Las Vegas Strip business slid again despite higher revenue.
Yogonet · +3 outlets
Churchill Downs approves up to $750M buyback, raises annual dividend 7% for 16th straight year
The Kentucky Derby operator paired a larger repurchase authorization with its latest annual payout increase as Q3 profit rose.
Stock Titan · +2 outlets
Gaming and Leisure Properties forms first joint venture with Prologis to develop former Hollywood Casino Joliet site
The REIT's first move beyond gaming real estate pairs it with logistics giant Prologis on the shuttered Joliet casino land.
Yahoo Finance · +8 outlets
Monarch Casino & Resort posts record Q3 revenue of $146.3M and $32M profit, declares $0.30 dividend
The record quarter still missed some estimates, sending shares below their 200-day moving average, while Texas Capital stayed bullish citing M&A potential.
Yogonet · +8 outlets
Nevada gaming win flat at $1.28B in September as Las Vegas Strip edges up
Statewide casino revenue held steady year over year with the Strip contributing a modest gain.
Gaming America · +1 outlets
UK gambling industry warns of illegal market risks after MGD levy increase
Operators argued higher taxes push punters toward unlicensed sites, with the warning coming after Farage's Gibraltar talks.
Casino.com · +10 outlets
Kalshi sues Missouri as Crypto.com challenges Utah in prediction market legal fight
The prediction market operators expanded their state-by-state litigation efforts against gambling regulators.
Gambling Insider · +14 outlets
Coinbase says prediction markets are among the fastest-growing segments in company history
The crypto exchange's disclosure underscores how prediction market betting is spreading into mainstream financial platforms.
Casino.org · +14 outlets
VICI Properties stock lags despite strong earnings as shares test support near $23.50
The experiential REIT's shares slipped even after a strong quarter, with the stock testing a familiar support level.
The Motley Fool · +5 outlets
Playgon accelerates hyper-real AI dealer rollout to reshape live casino economics
The live casino supplier is pushing AI-generated dealers as a lower-cost alternative to human studios.
TipRanks
Wynn Resorts scheduled to report quarterly earnings Thursday
The Las Vegas and Macau operator's results are the next major read on Strip and China demand.
MarketBeat · +13 outlets
Playtika projected to report quarterly earnings Thursday
The mobile games publisher's results follow a stretch of investor scrutiny over its growth outlook.
MarketBeat · +14 outlets
Robinhood shares tumble over 6%
The brokerage's stock fell sharply in a move that drew market attention given its expanding prediction markets and crypto businesses.
TradingView · +14 outlets
Yousif Capital Management buys 43,492 Caesars Entertainment shares in Q3 filing
The institutional position disclosure is a routine stake update for the casino operator.
MarketBeat