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Nevada Reports July Las Vegas Strip Gaming Win Up 3.64% to $776.34M
Nevada reports July Las Vegas Strip gaming win up 3.64% to $776.34M. Publicly traded companies in the gambling space include Boyd Gaming (BYD), Caesars (CZR), Churchill Downs (CHDN), DraftKings (DKNG), Flutter Entertainment (FLUT), Gan Limited (GAN), Genius Sports (GENI), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn Entertainment (PENN), Rush Street Interactive (RSI), Sportradar (SRAD) and Wynn Resorts (WYNN).
Bally's Completes Acquisition of Sam's Town Shreveport
Bally's Corporation (BALY) announced the successful closing of its acquisition of Sam's Town Shreveport from Boyd Gaming (BYD). The transaction adds an established gaming and hospitality property to Bally's growing portfolio and further reinforces the company's long-term commitment to the Shreveport-Bossier market. With the completion of the acquisition, the property will be re-branded under the Bally's brand in the near future. "Today's closing marks an important milestone for Bally's as we continue to expand our presence in key regional markets and invest in destinations with strong long-term potential," said Soo Kim, chairman of Bally's Corporation. "We appreciate Boyd Gaming's partnership and professionalism throughout this process and thank the Louisiana Gaming Control Board for its thoughtful review and approval of the transaction. We look forward to welcoming the Sam's Town Shreveport team to Bally's and working closely with regulators, local leaders and employees to ensure a smooth transition. Louisiana is an important market for our company, and we are excited about the opportunities ahead."
Nevada Reports June Las Vegas Strip Gaming Win Down 1.39% to $754.67M
Nevada reports June Las Vegas Strip gaming win down 1.39% versus last year to $754.67M. Publicly traded companies in the gambling space include Boyd Gaming (BYD), Caesars (CZR), Churchill Downs (CHDN), DraftKings (DKNG), Flutter Entertainment (FLUT), Gan Limited (GAN), Genius Sports (GENI), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn Entertainment (PENN), Rush Street Interactive (RSI), Sportradar (SRAD) and Wynn Resorts (WYNN).
Company Reports Q2 Revenue of $1.03B, Below Consensus
Reports Q2 revenue $1.03B, consensus $1.04B. CEO Keith Smith said: "Our Q2 results demonstrated the benefits of our diversified business model, with strong performances from our Midwest & South operations, Online segment and Managed business. Results for the quarter, on a comparable basis, reflect both revenue and Adjusted EBITDAR growth, with property operating margins of 40%, a level we have consistently delivered over the last several years. This performance was supported by strength in play from both our core and retail customers across the portfolio, as well as contributions from our recent capital investments. We also returned substantial capital to our shareholders, with more than $170M in dividends and share repurchases during Q2. With our strong balance sheet, efficient operating model and robust free cash flow, our company is well-positioned to continue creating long-term shareholder value."
Nevada Reports Las Vegas Strip Gaming Win Up 13.19% Year Over Year
The Nevada Gaming Control Board reports May Las Vegas Strip gaming win up 13.19% to $807.89M versus last year. Publicly traded companies in the gambling space includee Boyd Gaming (BYD), Caesars (CZR), Churchill Downs (CHDN), DraftKings (DKNG), Flutter Entertainment (FLUT), Gan Limited (GAN), Genius Sports (GENI), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn Entertainment (PENN), Rush Street Interactive (RSI), Sportradar (SRAD) and Wynn Resorts (WYNN).
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