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Century Casinos Goes Live with Online Sports Betting and Retail Sportsbook at Century Casino & Hotel Cape Girardeau in Partnership with BetMGM in Missouri
Prnewswire· 2025-12-01 13:00
Core Insights - Century Casinos, Inc. has opened a new BetMGM retail sportsbook at Century Casino & Hotel Cape Girardeau, marking the launch of both retail and online sports betting in Missouri [1][3] - The sportsbook features a modern environment with high-definition screens, comfortable viewing areas, and various betting options on major sporting events [2][3] - The opening aligns with Century's strategy to expand its product offerings and enhance its market position in the newly established sports wagering landscape in Missouri [3] Company Overview - Century Casinos operates multiple casino properties across the United States, including locations in West Virginia, Maryland, Missouri, Colorado, and Nevada, as well as in Canada and Poland [6] - The company trades on The Nasdaq Capital Market under the symbol CNTY [7] BetMGM Overview - BetMGM is a leading sports betting and gaming entertainment company, formed through a partnership between MGM Resorts International and Entain Plc, providing access to MGM's U.S. sports betting and online gaming businesses [5]
FUN88 lance une grande campagne pour le Black Friday - Grosses réductions et économies en masse
Prnewswire· 2025-11-29 04:41
Accessibility StatementSkip Navigation MEXICO, 28 novembre 2025 /PRNewswire/ -- FUN88 se réjouit d'annoncer la promotion la plus attendue de l'année, le [BLACK FRIDAY] – RÉDUCTIONS EN MASSE ET SUPER AFFAIRES. Tous les membres auront accès à de formidables réductions, à des bonus exclusifs et à des récompenses surprises dans une large gamme de produits. Détails de la promotion de FUN88 pour le Black Friday : FUN88 est un innovateur de premier plan dans le domaine des jeux en ligne, qui contribue à définir le ...
Wynn Resorts Stock Outlook: Is Wall Street Bullish or Bearish?
Yahoo Finance· 2025-11-18 14:56
Core Insights - Wynn Resorts, Limited is a leading developer and operator of luxury casinos and hotels, with a market capitalization of $12.55 billion and major resorts in Las Vegas, Macau, and Boston [1] Financial Performance - Wynn's operating revenues for Q3 fiscal 2025 increased by 8.3% year-over-year to $1.83 billion, exceeding Wall Street's expectation of $1.77 billion [4] - Casino revenues rose by 15.3% to $1.17 billion, while adjusted EPS fell from $0.90 to $0.86, missing the expected $1.09 [4] - For fiscal year 2025, EPS is projected to decline by 27.7% year-over-year to $4.35, but is expected to rebound with a 22.3% annual increase to $5.32 in fiscal 2026 [5] Stock Performance - Wynn's stock has gained 30.2% over the past 52 weeks and 22.1% over the past six months, outperforming the S&P 500 Index, which gained 13.7% and 12% in the same periods [2][3] - The stock reached a 52-week high of $134.23 in October but has since declined by almost 12% [2] Market Position - Wynn Resorts is classified as a consumer discretionary stock, outperforming the Consumer Discretionary Select Sector SPDR Fund (XLY), which rose by 7.2% over the past 52 weeks [3]
MGM China Reports 2025 Third-Quarter Results
Prnewswire· 2025-10-29 22:52
Core Insights - MGM China Holdings Limited reported a record third-quarter performance, driven by the recovery of the Macau market, with adjusted EBITDA growing by 20% year-on-year [1][8]. Financial Performance - For the three months ended September 30, 2025, net revenue increased by 17% year-on-year to HK$8.5 billion, with adjusted EBITDA reaching HK$2.4 billion, marking a 20% rise from 2024 [8]. - Daily property visitation rose by 17% year-on-year, while daily gross gaming revenue (GGR) and mass GGR increased by 20% and 17% respectively [8]. - The adjusted EBITDA margin improved to 27.9% from 27.4% a year ago, reflecting a mass-focused business strategy and enhanced operational efficiency [8]. Market Dynamics - Macau's average daily visitor arrivals increased by 14% year-on-year to 113,614, surpassing pre-COVID levels by 5% [2]. - The industry's GGR per day rose 13% year-on-year to MOP680 million, with third-quarter GGR recovering to 88% of 2019 levels, up from 83% in the second quarter [2]. Strategic Developments - MGM China launched the Alpha Villas and Alpha Club at MGM MACAU, enhancing the experience for premium customers [5][6]. - The residency show "Macau 2049," co-created with filmmaker Zhang Yimou, received the 2024 Weibo Cultural Tourism IP Award, highlighting MGM's commitment to cultural tourism [3]. Market Share - MGM China's market share in Macau increased to 15.5%, up from 14.8% a year ago, with MGM COTAI and MGM MACAU holding market shares of 9.4% and 6.1% respectively [8]. Financial Position - As of September 30, 2025, MGM China maintained a strong financial position with total liquidity of approximately HK$22.3 billion, consisting of cash, cash equivalents, and undrawn revolver [8].
Silver Point Leads Financing of Acquisition of MGM Northfield Park by Clairvest
Prnewswire· 2025-10-23 13:00
Group 1: Acquisition Details - Silver Point Capital is leading the financing for the acquisition of MGM Northfield Park by Clairvest Group, with a total acquisition cost of $546 million [1][2] - MGM Northfield Park is the largest gaming property by revenue in Ohio, featuring 74,000 square feet of gaming space, approximately 1,600 video lottery terminals, and a half-mile horse racetrack [2] - The transaction is expected to close and fund in the first half of 2026, pending regulatory and licensing approvals [2] Group 2: Company Profiles - MGM Resorts International is a global gaming and entertainment company with a portfolio of 31 hotel and gaming destinations, recognized for its immersive experiences and commitment to sustainability [4] - Clairvest Group, founded in 1987, is a private equity management firm with over CAD $4.6 billion in capital under management, focusing on owner-led businesses and achieving top quartile performance [5] - Silver Point Capital, established in 2002, manages $41 billion in investable assets and specializes in customized financing solutions for middle-market companies, with its Direct Lending business managing over $16 billion [6]
MGM RESORTS INTERNATIONAL ANNOUNCES AGREEMENT TO SELL OPERATIONS OF MGM NORTHFIELD PARK FOR $546 MILLION
Prnewswire· 2025-10-16 11:30
Core Viewpoint - MGM Resorts International has agreed to sell MGM Northfield Park to Clairvest Group for $546 million in cash, reflecting a 6.6x multiple on Adjusted EBITDA for the trailing twelve months ended June 30, 2025 [1][2]. Financial Summary - MGM Northfield Park reported Adjusted EBITDAR of approximately $137 million for the twelve months ended June 30, 2025 [2]. - The transaction is expected to yield estimated net cash proceeds of approximately $420 million after taxes and transaction costs [2]. - The sale will lead to a reduction in MGM Resorts' annual rent by $54 million under its master lease agreement with VICI [2]. Transaction Details - The transaction is anticipated to close in the first half of 2026, pending regulatory approvals and customary closing conditions [2]. - MGM Resorts previously acquired the operations of MGM Northfield Park for $275 million in 2019 [2]. Strategic Focus - The CEO of MGM Resorts emphasized the company's vision to be the world's premier gaming entertainment company, focusing on digital business growth and international expansion [2]. - The divestiture is seen as a demonstration of MGM Resorts' financial stewardship and ability to drive transaction multiples at meaningful premiums [2]. Advisory and Legal Counsel - Jefferies LLC and SMBC Nikko Securities America, Inc. acted as financial advisors, while Weil, Gotshal & Manges LLP served as legal counsel for MGM Resorts [3]. Company Overview - MGM Resorts International is a global gaming and entertainment company with a portfolio of 31 hotel and gaming destinations [4]. - The company is also involved in sports betting and online gaming through its joint venture, BetMGM, and is pursuing expansion opportunities in Asia [4].
FanDuel Casino Unveils New Loyalty Program With Exclusive Perks
Prnewswire· 2025-10-15 16:00
Core Insights - FanDuel has launched the FanDuel Casino Rewards Club, a new rewards program aimed at enhancing customer loyalty and experience [1][2] - The program is currently available in New Jersey, Michigan, Pennsylvania, and West Virginia, and is designed to provide meaningful rewards and transparency [2][4] - The brand campaign "Calling All Thrillionaires" has been updated to promote the new rewards program, featuring engaging video content [3][4] Company Overview - FanDuel is recognized as the premier online gaming company in North America, with a strong presence across all 50 states and approximately 17 million customers [5][6] - The company operates various platforms, including FanDuel Sportsbook, FanDuel Casino, and FanDuel Racing, and has a significant retail presence with 25 locations [5] - FanDuel Group is a subsidiary of Flutter Entertainment, which is the largest sports betting and gaming operator globally [6] Rewards Program Details - The FanDuel Casino Rewards Club allows players to earn points for every real-money dollar spent, unlocking levels that offer rewards ranging from 5% to 25% Weekly Bonus Back offers [2][3] - The program emphasizes transparency, clearly outlining the rewards associated with each tier, which enhances customer engagement [2][4] - Unique rewards include exclusive Reward Boxes and birthday bonuses, aimed at celebrating customer loyalty [2][3] Marketing Campaign - The updated "Calling All Thrillionaires" campaign features three videos and aims to highlight the thrilling experience provided by the Rewards Club [3][4] - The campaign is designed to resonate with customers who enjoy the excitement of gaming, using innovative marketing strategies to stand out in a competitive market [4][5] - The campaign will be promoted in key markets, including New Jersey, Pennsylvania, and Michigan, to maximize reach and engagement [4]
Red Rock Resorts Announces Date of Third Quarter 2025 Conference Call and Earnings Release Date
Prnewswire· 2025-09-26 22:45
Core Points - Red Rock Resorts, Inc. will release its financial results for the third quarter of 2025 on October 28, 2025, followed by a conference call at 4:30 p.m. ET [1] - The conference call will include prepared remarks and a question and answer session [1] - A live audio webcast of the call will be available on the company's website [2] Conference Call Details - Investors can join the conference call by dialing (888) 317-6003 or (412) 317-6061 for international calls, using the passcode 4077317 [2] - A replay of the call will be accessible until November 4, 2025, through specific dialing numbers [3] - An audio archive of the call will also be available on the company's website [3] Company Overview - Red Rock Resorts is a holding company that manages Station Casinos LLC, a leading provider of gaming, hospitality, and entertainment in Las Vegas, Nevada [4] - Station Casinos operates various properties throughout the Las Vegas valley, offering amenities such as restaurants, entertainment venues, and traditional casino gaming [4] - The company owns and operates multiple casino resorts, including Red Rock Casino Resort Spa and Green Valley Ranch Resort Spa Casino, among others [4]
Hold Your Bets: MGM Faces Key Tests In Q2 2025 Earnings
Seeking Alpha· 2025-07-23 18:00
Group 1 - MGM Resorts International is experiencing a significant increase of over 40% from the lows during the tariff sell-off, indicating a potential recovery in stock performance [1] - The upcoming Q2 2025 results are critical for the company, as fresh entries into the stock appear challenging [1] - The upside target for MGM Resorts is estimated at approximately $47, suggesting moderate growth potential from current levels [1]