About the Author
Brian Carlton
Investor Concerns About Penn National Debt In Volatile Environment
In an industry facing extreme stock market volatility due to the effect of COVID-19, Penn National Gaming is beating the odds. Should the level of Penn National debt cause investors, and players, to be concerned? Penn National Volatility As part of its first-quarter earnings call on May 7, Penn National announced it had $2.89 billion […]
Federal Reserve Report Sends Casino Stocks Plunging
Wednesday saw casino stocks in steep decline for the second time this year, this time on warnings from the Federal Reserve. Economists warn that COVID-19 did more than affect peoples’ health. It also changed their mindset about traveling and spending money. Should we expect to see continued market volatility for gaming companies? Until people feel […]
Nevada Gaming Control Board Sets Guidelines For Vegas Reopening
In order for Las Vegas casinos to reopen, they must follow the Nevada Gaming Commission’s requirements. Stakeholders issued plans and guidelines to set the new normal for casinos during the anticipated Vegas reopening. On May 7, the commission adopted a plan that detailed the steps companies must take in order to reopen, once it’s allowed. […]
SBA Reverses Course – Payroll Protection Program Is Open To Gaming Companies
The gaming industry received a reprieve last week, as small casinos will now be able to apply for the Payroll Protection Program. On April 28, the federal Small Business Administration reversed course on an earlier decision that blocked any gaming operations from applying for federal aid. The revised guidelines, which were originally approved April 24 […]
Will Casino Stocks Rebound And Provide Investment Potential In A Post-Covid World
Casino stocks crashed in March in a COVID-19 induced panic. As tourism businesses worldwide come to a standstill, will casino stocks rebound? Will retail casinos provide local tourism and entertainment opportunities in a post-COVID world? Q1 Casino Stock Volatility At the end of Q1, several casino industry stocks dropped as a result of COVID-19 news. Shares […]
Governor Northam Presses Pause On Virginia Casino Approval Bill
In March, Virginia’s General Assembly took a step forward on the Virginia casino approval bill. The Virginia governor stepped in, causing confusion and delay. State Senate Bill 36 gave five cities the opportunity to hold a public referendum this November. The referendum would let their citizens decide if a casino should operate nearby. The cities […]