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Retiring CEO of Las Vegas Sands Cashes in His Chips
Barrons· 2025-12-23 18:42
Core Insights - Chief Executive Robert Goldstein sold $167 million worth of shares in the casino operator this month [1] Company Actions - The sale of shares by the CEO indicates a significant financial transaction that may impact investor sentiment and market perception of the company [1]
Monarch Rewards Ranked #3 Nationally in Newsweek Readers’ Choice Awards for Best Casino Players Club
Globenewswire· 2025-12-18 14:00
Core Insights - Monarch Rewards has been recognized as the 3 Best Player's Club in Newsweek's 2026 Readers' Choice Awards, highlighting its successful guest-first rewards model across its properties in Black Hawk, CO, and Reno, NV [1] Group 1: Monarch Rewards Program - The Monarch Rewards program allows members to earn and combine Tier and Comp points across both properties on a single account, with benefits redeemable resort-wide [2] - The program features five public tiers and an invite-only level, enabling members to unlock elevated perks as they engage with the casino [2] Group 2: Guest Experience and Offerings - Monarch Rewards aims to enhance the guest experience by providing simple and valuable rewards that can be redeemed for award-winning dining, luxury hotel stays, spa treatments, and luxury shopping [3] - Specific benefits include access to dining options such as Monarch Chophouse, Bistro Mariposa, and Spa Monarch treatments, designed to make every visit more rewarding [3] Group 3: Company Overview - Monarch Casino & Resort, Inc. operates the four-diamond Atlantis Casino Resort Spa in Reno, NV, and the Monarch Casino Black Hawk in Black Hawk, CO, which is approximately 40 miles west of Denver [5]
MGM RESORTS REACHES RESPONSIBLE GAMING MILESTONE BY SURPASSING 2,000 GAMESENSE ADVISORS
Prnewswire· 2025-12-16 19:00
Core Insights - MGM Resorts International has achieved a significant milestone by certifying over 2,000 employees as GameSense Advisors, enhancing its responsible gaming program [1][4][5] Group 1: Responsible Gaming Program - GameSense is an industry-leading responsible gaming initiative developed by the British Columbia Lottery Corporation (BCLC) and licensed to MGM Resorts in 2017, focusing on promoting responsible gambling practices [3] - The training sessions for GameSense Advisors included comprehensive, research-based responsible gaming education aimed at empowering employees to address problem gambling concerns [2][4] - GameSense Advisors are trained to identify at-risk behaviors, escalate concerns, and provide support and resources, including tools like BetBlocker, which is a free software to block access to gambling sites [4] Group 2: Company Commitment and Culture - MGM Resorts emphasizes a culture of responsibility, aiming to turn every interaction into an opportunity to build trust and provide meaningful hospitality [5] - The company supports initiatives like the American Gaming Association's Play Smart from the Start and Have A Game Plan.® Bet Responsibly.™ campaigns, which educate bettors on making informed decisions [5][6] - MGM Resorts is recognized as one of FORTUNE® Magazine's World's Most Admired Companies, reflecting its commitment to creating a sustainable future and making a positive impact in the communities it serves [8]
Caesars announces new partnership with Rampart Casino at The Resort in Summerlin
Yahoo Finance· 2025-12-16 16:05
Group 1 - Caesars Entertainment announced a partnership with Rampart Casino to open a Caesars Sportsbook at The Resort at Summerlin, pending approval from the Nevada Gaming Commission [1] - The new sportsbook is targeted to open in early 2026 and aims to provide an elevated sports wagering experience to the Summerlin community [1] - Caesars emphasized the use of market-leading technology in the new sportsbook [1]
Jackpot Digital to Deploy Electronic Poker Tables at Two PENN Entertainment Properties in Mississippi
TMX Newsfile· 2025-12-16 13:37
Core Viewpoint - Jackpot Digital Inc. has finalized agreements to install its dealerless electronic poker gaming solutions, Jackpot Blitz®, at two PENN Entertainment properties in Mississippi, marking a significant step in its expansion within regulated gaming markets [1][2][4]. Group 1: Company Developments - The installations of Jackpot Blitz® are scheduled for the first quarter of 2026 and represent the first deployment under the Master Agreement with PENN Entertainment [2]. - Jackpot Digital has recently received its Mississippi gaming license, allowing it to operate within the state [2]. - The company is expanding its global footprint, already licensed in multiple jurisdictions including Maine, Mississippi, and U.S. Virgin Islands, as well as various international and tribal casinos [4]. Group 2: Product Features and Market Position - Jackpot Blitz® enhances the poker experience through immersive digital gameplay, operational efficiency, and innovative features appealing to both experienced and new players [3]. - The dealerless ETG platform allows casinos to reduce operating costs while maximizing uptime and game availability [3]. - The company positions itself as a positive disruptor in the casino business, focusing on providing efficient, cost-effective, and revenue-generating alternatives to traditional live-dealer table games [5].
Analyst Upgrades Casino Leader. Hotel Chains Upgraded On World Cup.
Investors· 2025-12-15 21:05
About Us Reviews Site Map Your Ad Choices Advertising Contact us IBD Stock Charts IBD Stock Checkup Stock Quotes Stock Market Today The Big Picture My Stock Lists Information in Investor's Business Daily is for informational and educational purposes only and should not be construed as an offer, recommendation, solicitation, or rating to buy or sell securities. The information has been obtained from sources we believe to be reliable, but we make no guarantee as to its accuracy, timeliness, or suitability, in ...
X @Bloomberg
Bloomberg· 2025-12-15 18:49
Hedge fund billionaire Steve Cohen, Genting Group and Bally’s Corp. each won formal approval to open casinos in New York, marking the first time in the city’s modern history that full-scale gambling parlors will operate legally inside the five boroughs. https://t.co/Zajwg4BZWh ...
Calls of the Day: Las Vegas Sands, Costco and Trane Technologies
Youtube· 2025-12-15 18:26
Group 1: Las Vegas Sands - Las Vegas Sands has been upgraded to a buy from neutral by Goldman Sachs, with a target price raised from 64 to 80 [1] - The company is noted for its strong balance sheet and consistent buyback strategy, along with significant exposure to Macau and Singapore [1] Group 2: Wynn Resorts - Wynn Resorts has seen a year-to-date stock increase of 42%, outperforming Las Vegas Sands, which is up 29% [2] - The discussion highlights the better balance sheet of Las Vegas Sands compared to Wynn [2] Group 3: Costco - Costco has been downgraded to sell from neutral by Roth, with a target price reduced from 900 to 769 [3] - The stock has experienced a 12% decline over the past year, indicating a fundamental breakdown in performance [4] - Costco has struggled to capture traffic compared to Walmart and faces challenges related to tariffs and litigation [4] - The company has seen a decrease in renewal rates and has not effectively targeted digital consumers [8] - The valuation of Costco is considered excessive for a retail company, contrasting with Walmart's favorable valuation [9] Group 4: Train Technologies - Train Technologies has been upgraded to overweight with a price target of 500 by Key Bank, seen as a rare entry point for investors [10] - The company is recognized as one of the highest quality operators in its sector, particularly in HVAC [10] - There is uncertainty regarding the degree of market penetration Train Technologies will achieve in data centers [11]
Caesars Sportsbook Coming to Rampart Casino in Summerlin Through New Partnership
Businesswire· 2025-12-15 16:00
Core Insights - Caesars Entertainment, Inc. has announced a partnership with Rampart Casino to open a Caesars Sportsbook, pending approval from the Nevada Gaming Commission, with a target opening in early 2026 [1][4] - The new sportsbook will enhance the sports wagering experience in the Summerlin community, featuring advanced technology and a variety of betting options [1][5] Company Overview - Caesars Entertainment, Inc. is the largest casino-entertainment company in the U.S. and one of the most diversified providers globally, operating under brands such as Caesars®, Harrah's®, Horseshoe®, and Eldorado® [6] - The company focuses on delivering a high-quality, regulated sports betting experience, emphasizing responsible gaming through various tools [5][6] Sportsbook Features - The Caesars Sportsbook at Rampart Casino will include in-person registration for the mobile app, mobile cash deposits and withdrawals, and 20 self-service betting kiosks [2][3] - The sportsbook will feature a new video wall and a 360-degree LED video display, enhancing the viewing experience for sports fans [3] Market Position - The Caesars Sportsbook app offers the most extensive wagering menu in Nevada, including Same Game Parlays, player props, futures, and live in-play betting markets [5] - The app has been continuously updated since its launch in 2021, with the Universal Digital Wallet introduced in June 2025, now available in 24 jurisdictions [4][5] Community Engagement - The partnership aims to meet the pent-up demand for quality sports betting in the Summerlin area, with both companies expressing confidence in attracting more sports fans to the property [4]
GROUPE PARTOUCHE: Sustained performance over 2025 - Turnover of € 460.2 M, up by +6.0 %
Globenewswire· 2025-12-09 17:00
Core Insights - Groupe Partouche reported a consolidated turnover of €460.2 million for fiscal year 2025, reflecting a growth of 6.0% compared to the previous year [4][10] - The Gross Gaming Revenue (GGR) for fiscal year 2025 reached €748.3 million, marking a 5.1% increase from €712.3 million in 2024 [2][10] - The company successfully renovated three major casinos, resulting in significant GGR growth of 20.9%, 17.7%, and 15.0% for Annemasse, Divonne, and La Tour-de-Salvagny respectively [2] Financial Performance - In Q4 2025, GGR increased by 6.4% to €197.8 million compared to €186.0 million in Q4 2024 [2][9] - Annual GGR in France grew by 5.2% to €669.4 million, supported by a 4.9% increase in attendance [2][10] - Net Gaming Revenue (NGR) for the year was €352.4 million, up 4.0% from €338.7 million in 2024 [3][10] Revenue Breakdown - Turnover excluding NGR rose by 12.4% to €110.7 million, driven by non-gaming activities [3][10] - In Q4 2025, total consolidated turnover was €112.4 million, a 5.1% increase from €107.0 million in Q4 2024 [9][12] - The breakdown of turnover by activity in Q4 2025 showed casinos generating €100.0 million, hotels €8.7 million, and other activities €3.8 million [12] Strategic Developments - Groupe Partouche arranged a refinancing syndicated loan totaling €80 million to extend the average maturity of its debt [5][6] - Must Group, a partnership 40% owned by Groupe Partouche, reported a turnover of €5.4 million in its first full year of operation [7] - Upcoming projects include the reopening of Doobie's restaurant and modernization of the Medellín club, aimed at enhancing customer experience [11]