Wall StreetSeminole Tribe
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Seminole Tribe gaming gets $750M loan (4/29/2013)
(Florida) -- The Seminole Tribe of Florida received a $750 million loan secured by its gaming facilities in Florida. The Seminole Tribe, whose operations center is in...
1 Article on this Issue
Revel Casino
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$2.5b crap out / How Wall St. got suckered in Atlantic City (2/23/2013)
(Atlantic City) -- Last May, when the Revel casino opened in Atlantic City, the traffic light out front was reset on a four-minute cycle — in anticipation of epic...
1 Article on this Issue
Mohegan Sun
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Mohegan Tribal Gaming Authority Invites You to Join Its First Quarter Fiscal 2013 Operating Results Conference Call (1/19/2013)
(Connecticut) -- The Mohegan Tribal Gaming Authority, or the Authority, will host a conference call and simultaneous webcast regarding its first quarter fiscal 2013...
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Mohegan Woos Wall Street On Expansion Plans [sub req'd] (10/23/2012)
(Connecticut) -- Mohegan Sun’s ambitious regional expansion plans may hinge on highlighting its commercial gaming assets and convincing investors and lenders that...
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Restructurings – Mohegan, Tribal gaming credits: Know when to hold ‘em … (3/15/2012)
(Wall Street) -- Over the last three months, three tribal gaming authorities have worked out consensual debt restructurings with lenders in situations that seemed...
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Casino Outlines Strategy for Refinancing (1/26/2012)
(Connecticut) -- A debt-refinancing plan announced by the Mohegan Tribal Gaming Authority calls for bondholders to exchange nearly $1.1 billion in bonds and shaves $200...
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Mohegan Seeks $1.1 Billion Bond Exchange to Refinance Debt Due in March (1/25/2012)
(Connecticut) -- Mohegan Tribal Gaming Authority, the operator of Mohegan Sun casinos in Connecticut and Pennsylvania, is asking bondholders to refinance as much as $1.1...
5 Total Articles on this Issue
International Game Technology
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STUTZ: Analysts go radio-silent as proxy fight roils IGT (1/13/2013)
(Las Vegas) -- Wall Street sang the praises of International Game Technology and Chief Executive Officer Patti Hart in December following a daylong meeting with...
1 Article on this Issue
Atlantic City Revenue
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Atlantic City casinos were bad bet for hedge funders (1/11/2013)
(Atlantic City) -- Turns out, the house doesn’t always win. Hedge-fund high rollers who bet big on a comeback for Atlantic City’s casinos are watching their...
1 Article on this Issue
Niagara Falls Casino
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Rating agency downgrades Falls' bond rating, citing casino cash concerns (1/9/2013)
(New York) -- The ongoing casino revenue dispute between the Seneca Nation of Indians and the state and cash concerns caused largely by a lack of incoming gaming revenue...
1 Article on this Issue
Pinnacle Entertainment
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On Pinnacle, MGM, and the Bidding War for Ameristar (12/27/2012)
(Wall Street) -- Back in February, regional casino operator Ameristar Casinos and the since-renamed MGM Resorts International announced a strategic cross-marketing...
1 Article on this Issue
Zynga
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Zynga: From Social Gaming To Gambling? (10/6/2012)
(Wall Street) -- Remember in 1999, when analysts were trying to invent all sorts of crazy models to try to explain why .coms had the valuations they had?
1 Article on this Issue
Connecticut Revenue
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BLOG: Foxwoods And Mohegan Sun: Coming Threats From New MA/NY Casinos (9/17/2012)
(Connecticut) -- US gambling casinos are in trouble. The two largest casinos in the world, Foxwoods and Mohegan Sun (both in Connecticut), have real problems. With $2.3...
1 Article on this Issue
Caesars
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Analysis: Stock struggles, debt have analysts concerned about Caesars (9/16/2012)
(Las Vegas) -- Let's put to rest one rumor concerning Caesars Entertainment Corp. that has been floating throughout the poker blogosphere.
1 Article on this Issue
Graton Rancheria
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Tribe seeks $800M in Rohnert Park casino financing (8/8/2012)
(California) -- The tribe building a Las Vegas-style casino next to Rohnert Park is seeking $800 million in financing, according to Standard & Poor's, which has...
1 Article on this Issue
Foxwoods Resort
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Foxwoods casino owners restructure $2.2B in debt (8/3/2012)
(Connecticut) -- The Mashantucket Pequot Tribal Nation, owners of Connecticut’s Foxwoods Resort Casino, said today it has reached an agreement with steering...
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Foxwoods Reaches Accord on Debt Restructuring (8/3/2012)
(Connecticut) -- The Mashantucket Pequot Tribal Nation (MPTN), owner of Foxwoods Resort Casino, announced that it has reached an agreement with steering committees of...
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Foxwoods Strikes $2.2B Deal To Restructure Debt (8/3/2012)
(Connecticut) -- The Mashantucket Pequot Tribal Nation, owner of Foxwoods Resort Casino, reached a deal with creditors this week to lower debt levels and interest rates...
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Tribe reaches deal to restructure Foxwoods debt (8/3/2012)
(Connecticut) -- The tribe that owns and operates the Foxwoods Resort Casino on Thursday announced an agreement to restructure $2.2 billion in debt, resolving a...
press release
Foxwoods Reaches Accord on Debt Restructuring (8/2/2012)
(Connecticut) -- The Mashantucket Pequot Tribal Nation (MPTN), owner of Foxwoods Resort Casino®, today announced that it has reached an agreement with steering...
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Foxwoods tribe reaches accord on $2.2B in debt (8/2/2012)
(Connecticut) -- The tribal owner of Foxwoods Resort Casino has reached an agreement to restructure $2.2 billion in debt obligations with the casino’s CEO seeing...
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Mashantuckets reach debt-restructuring deal with lenders (8/2/2012)
(Connecticut) -- A $2.2 billion debt-restructuring agreement announced Thursday by the Mashantucket Pequot Tribe would put the tribe and its Foxwoods Resort Casino on...
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As Foxwoods fights for its life, tribal gaming restructurings provide hope (3/15/2012)
(Connecticut) -- The New York Times Magazine’s cover story this week is a trenchant summation of the state of North America’s largest casino — the...
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Even As Foxwoods Stumbles, The Midwest Eyes More Casinos (3/15/2012)
(Connecticut) -- Growing debt and increasing competition are threatening the success of Foxwoods Resort Casino in southeast Connecticut, according to the New York Times.
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Foxwoods Casino and its Portents (3/15/2012)
(Connecticut) -- Casinos, like convention centers, over-expand, cannibalize each others’ customers, and eventually end up in the hole. Let exhibit A be Foxwoods,...
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Report: Foxwoods struggles with debt, competition (3/15/2012)
(Connecticut) -- Foxwoods Resort Casino is the largest casino in the Western Hemisphere. It covers nearly 7 million square feet and has more than 6,000 slot machines. It...
11 Total Articles on this Issue
San Manuel Tribe
press release
Fitch Upgrades San Manuel Entertainment Authority Bonds to 'BBB+'; Outlook Stable (7/19/2012)
(New York) -- Fitch Ratings upgrades approximately $130 million of San Manuel Entertainment Authority's (SMEA) gaming revenue enterprise supported bonds to 'BBB...
1 Article on this Issue
Gun Lake
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Gun Lake Gaming Authority’s Credit Rating Bumped Up (3/30/2012)
(Michigan) -- Just a year after the Match-E-Be-Nash-She-Wish Band of Pottawatomi Indians opened the Gun Lake Casino, the country’s top financial ratings services...
1 Article on this Issue
Choctaw Tribe
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Choctaws ink $78M debt deal with Trustmark (2/29/2012)
(Mississippi) -- The Mississippi Band of Choctaw Indians has signed a debt refinancing agreement for the Pearl River Resort in Neshoba County and the Bok Homa Casino in...
1 Article on this Issue
Bankruptcy
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Hooters Casino, WaMu, SP Newsprint, Potomac Supply: Bankruptcy (1/27/2012)
(Wall Street) -- The Hooters Casino Hotel in Las Vegas goes up for auction on Feb. 17 to determine whether there is a better offer to reorganize the 696-room hotel and...
1 Article on this Issue
Florida Gaming
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Asian Investors Bet Big On Miami: Watching The Trend (1/9/2012)
(Wall Street) -- Emerging-market real-estate investors from Asia are betting big on Miami. And the potential jackpot can be huge, because they have an opportunity to...
1 Article on this Issue
Foxboro Casino
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BLOG: Wynn Looks Beyond Foxborough for U.S. Growth (1/4/2012)
(Wall Street) -- Wynn Resorts’ hopes to build a casino in Foxborough in partnership have been smashed. On 29th December, Foxboro’s selectment officially...
1 Article on this Issue
Online Gaming
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Web gaming shares leap after U-turn on US ban (12/28/2011)
(Wall Street) -- Shares in online gambling companies soared yesterday after news that the US's draconian internet poker laws are to be relaxed.
1 Article on this Issue
Social Gaming
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Zynga's IPO flop could hurt some Silicon Valley startups (12/25/2011)
(California) -- Zynga's unexpected IPO flop this month could be bad news for other Silicon Valley startups. With buzzed-about social media companies having failed so...
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CEO calls Zynga his 'crowning achievement' (12/18/2011)
(California) -- Before Zynga traded its first share on Friday, nervous investors in the social-gaming company didn't know whether to expect a killing or to be killed.
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Online gaming sees massive growth: infographic (12/17/2011)
(Wall Street) -- In these times of recession, online gaming is a boom industry, as witnessed by Zynga’s IPO today. The deal values Zynga, the maker of FarmVille...
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Zynga falters in debut, sheds doubt on IPO market (12/17/2011)
(New York) -- Online games developer Zynga Inc scored badly as it went public on Friday, dashing hopes for the year's hottest tech IPO, as investors frowned on its...
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Zynga to offer IPO shares (12/6/2011)
(New York) -- Hoping to harvest some fresh cash, the online game company behind "FarmVille" said Friday that it plans to raise $1 billion in an initial public...
5 Total Articles on this Issue
Seneca Nation
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Seneca Gaming’s rating downgraded by Moody’s (12/2/2011)
(New York) -- Seneca Gaming Corp.’s debt rating has been downgraded by Moody’s Investors Service because of concerns about the Seneca Nation’s...
1 Article on this Issue
Online Legislation
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Caesars Entertainment Still Intends to Go Public (11/20/2011)
(Las Vegas) -- Gary Loveman, the CEO of Caesars Entertainment, has announced that the company can set up an online poker website in just 12 – 14 months. Loveman...
1 Article on this Issue
Massachusetts Gaming
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Moody's Investors: 'Twin River could sustain major blow' (8/30/2011)
(Rhode Island) -- In a special report late last week on the "high" likelihood of casino gambling and slots finally coming to Massachusetts, Moody's...
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Moody's sees payoff for Las Vegas companies if Massachusetts legalizes casino gaming (8/29/2011)
(Wall Street) -- Moody's Investors Service said in a report that the potential for casino expansion in Massachusetts could prove to be a winning gamble for a few Las...
2 Total Articles on this Issue
Full Tilt
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Rival’s suspension boosts Bwin.party shares (6/30/2011)
(UK) -- Shares in Bwin.party rose 11.5 per cent to 148.34p after Full Tilt, one of its biggest online poker rivals, had its licence suspended. The gambling commission of...
1 Article on this Issue
Other News
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Atlantic City Casino Borgata Bonds Fall as Resorts Stay Closed (11/1/2012)
(Atlantic City) -- Bonds of Borgata Hotel Casino & Spa, owned by MGM Resorts International (MGM) and Boyd Gaming Corp. (BYD), fell the most in more than nine months...
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Atlantic City Casino Owners Risk Moody’s Downgrades After Sandy (10/31/2012)
(Atlantic City) -- An extended closing of Atlantic City casinos because of Hurricane Sandy may lead to ratings cuts for firms including Caesars Entertainment Corp. and...
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Las Vegas Sands rises as analyst upgrades (8/22/2012)
(New York) -- Las Vegas Sands' stock rose Wednesday as Chairman Sheldon Adelson said that he remains committed to the gambling center of Macau, and Imperial Capital...
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Financial analysts: Aguas Caliente Band of Cahuilla Indians' outlook 'positive' (8/20/2012)
(California) -- The Agua Caliente Band of Cahuilla Indians' rating outlook improved to “positive” from stable based on improving revenues at casino...
press release
Fitch raises Seminole Tribe of Florida bonds to 'BBB-' (6/25/2012)
(New York) -- Fitch Ratings upgrades approximately $1.74 billion of Seminole Tribe of Florida's (STOF) outstanding gaming division bonds and term loans to 'BBB...
article
Atlantic City Penalized as Christie Pushes Gambling: Muni Credit (6/1/2012)
(Wall Street) -- Governor Chris Christie’s “New Jersey Comeback,” already challenged by revenue trailing his forecasts, is riding on a revival of...
article
Boyd Gaming Strengthens Gaming Profile, Acquires Peninsula Gaming LLC (5/18/2012)
(Wall Street) -- In the world of gaming entertainment Las Vegas’ Boyd Gaming, operator of 17 gaming entertainment porperties, is looking to expand with the...
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Moody's downgrades Riviera Holdings, cites earnings decline (4/23/2012)
(Las Vegas) -- Moody's Investors Services on Monday downgraded Riviera Holding Corp.'s company and debt ratings and placed the gaming company on review for...
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Moody’s warns of continued losses at Riviera (4/23/2012)
(Las Vegas) -- Moody’s Investors Service on Monday downgraded Riviera Holdings Corp.’s debt ratings and said further downgrades are possible for the Las...
article
Las Vegas Sands, Other Gambling Firms' Earnings Due (4/23/2012)
(Wall Street) -- Casino giant Las Vegas Sands (LVS) leads a pack of gambling companies reporting earnings this week as investors bet on Macau and the U.S. consumer.
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Boyd Gaming Corp First Quarter Earnings Sneak Peek (4/19/2012)
(Wall Street) -- Boyd Gaming Corp (NYSE:BYD) will unveil its latest earnings on Tuesday, April 24, 2012. Boyd Gaming owns and operates casino entertainment facilities...
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Genting Profit Rises 66% as New York Casino Lifts Revenue (2/29/2012)
(Wall Street) -- Genting Bhd. (GENT), which controls Asia’s second-biggest gaming company by market value, said fourth- quarter profit jumped 66 percent, with...
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Silver Legacy's first try at refinancing $142.8 million debt falls short (2/16/2012)
(Nevada) -- The Silver Legacy Resort Casino failed in its efforts to restructure $142.8 million in mortgage note due March 1 through a public offering, according to...
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Moody's cites improving economy in CityCenter upgrade (1/10/2012)
(Las Vegas) -- CityCenter bonds are looking like a better bet, according to investment adviser Moody's. Moody's upgraded its view of CityCenter's roughly $1....
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SandRidge, Ute IPOs look to fill energy appetite (1/9/2012)
(New York) -- Two energy companies plan initial public offerings to raise nearly $1 billion in proceeds from Wall Street investors in coming weeks as U.S. oil and gas...
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Ute Energy to Trade on NYSE Under Ticker Symbol ‘UTE’ (1/8/2012)
(Wall Street) -- Ute Energy Corp plans to raise up to $250 million in an initial public offering (IPO) of common stock to trade on the New York Stock Exchange under the...
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Gambling IPO Faces Long Odds (1/8/2012)
(Wall Street) -- Howard Lutnick wants to take his sports-gambling operation public. The odds look stacked against investors. Cantor Entertainment Technology, owned by Mr...
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Empire Resorts regains compliance with NASDAQ minimum bid price rule (1/3/2012)
(New York) -- Empire Resorts, Inc., the company that owns and operates Monticello Casino and Raceway, Tuesday announced it received notice from The Nasdaq Stock market...
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Internet decision helps rally some gaming stocks (12/27/2011)
(Las Vegas) -- Shares of casino operators and gambling equipment makers produced modest gains Tuesday following a U.S. Department of Justice legal opinion expected to...
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STUTZ: Analysts see promising prospects for slot maker IGT (12/20/2011)
(Las Vegas) -- Even before hosting an event for stock analysts in New York City on Dec. 14, praise had poured in for slot machine giant International Game Technology.
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