Consulting News

Penn National planning better dining options for Tropicana
19 Oct 2015

While the historic resort's hotel rooms and suites are in "excellent shape," Penn National Gaming CEO Tim Wilmott says the casino's four restaurants are not meeting expectations.

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Station Casinos files registration statement for proposed IPO
15 Oct 2015

Station Casinos Corp. has filed a registration statement on Form S-1 with the Securities and Exchange Commission relating to the proposed initial public offering of Station Corp.’s Class A common stock.

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Chinese government may take steps to save Macau casino industry
5 Oct 2015

In light of the effect of the government's corruption crackdown on high-end baccarat revenue, the Beijing government may take measures to support the Macau economy on the mass-market side.

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Gaming revenue down in Nevada, on Strip for third month in a row
1 Oct 2015

While some areas of Clark County reported increased revenues, Strip casinos have suffered as a result of the decline in high-end baccarat play.

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Fitch Ratings still skeptical about regional gaming recovery
28 Sep 2015

Fitch Ratings' latest reports urge investors to view the current regional recovery numbers with caution, and the company believes that regional gaming still faces secular challenges and flat long-term growth.

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Fitch Ratings releases inaugural 'All In: Global Gaming Handbook'
24 Sep 2015

The handbook is intended as a reference for gaming investors and includes Fitch Ratings' assessment of the stability of the major gaming markets.

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Macau gaming officials seek to 'improve transparency' of junket operations
23 Sep 2015

The junket operators, which have long been suspected of being affiliated with organized crime, have come under extra scrutiny during the Chinese government's crackdown on corruption.

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Fitch Ratings updates recovery analyses for US gaming operators
10 Sep 2015

The updates include an analysis for Caesars Entertainment Operating Co., which had its ratings withdrawn following its bankruptcy filing in January.

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MGM CEO says The Mirage is "not on the market"
5 Aug 2015

MGM Resorts has unveiled an ambitious new growth plan, but despite Wall Street speculation, selling The Mirage is not a part of it.

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Inside Gaming: Pinnacle, GLPI deal could be a model for the industry
3 Aug 2015

Analysts say the deal, which sees Pinnacle leasing its real estate assets from the REIT, financially benefits both companies.

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Wall Street analysts predict MGM may sell The Mirage
30 Jul 2015

A spokesman for MGM has declined to comment on the rumored transaction, but Wall Street analysts predict that The Mirage could sell for between $1 billion and $1.5 billion.

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Decline in baccarat play deals a blow to Nevada casino revenues
29 Jul 2015

While the crackdown on Chinese high rollers has hit Macau the hardest, the 53.7 percent decline in baccarat revenue in Nevada contributed the lion's share of June's 8 percent decline in gaming revenues over last year.

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U.S. tribal casinos see fifth straight year of revenue increases
27 Jul 2015

In fiscal year 2014, U.S. tribal casinos brought in more than $28.5 billion.

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Inside Gaming: MGM Resorts CEO discusses REIT plans
22 Jul 2015

Analysts expect MGM to announce a new strategic plan soon, and an interview with Jim Murren indicates that it is likely to include spinning off part of the company into a real estate investment trust.

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Pinnacle, GLPI agree on $4.75 billion merger
22 Jul 2015

After two rejected offers, Pinnacle has accepted an offer from GLPI rather than form its own spinoff REIT.

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