Rosa Solis-Rainey’s term on the Nevada Gaming Commission ended, and Las Vegas attorney Richard Schonfeld is replacing her, the report reports. Solis-Rainey had served on the five-member commission since April 2019. Commission chair Jennifer Togliatti praised her regulatory and gaming-industry experience.
Schonfeld’s replacement changes the membership of Nevada’s regulator, which handles licensing and disciplinary matters.
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Churchill Downs is considering selling nine regional casinos, a process it disclosed with its second-quarter results on 29 July. Truist Securities analyst Barry Jonas said tribal operators and private equity could be interested, while naming Boyd Gaming and Monarch Casino as potential bidders; neither company has publicly expressed interest. The venues may be sold individually or in small groups, and Jonas said a deal is unlikely before later this year.
Churchill Downs is exploring the sale of nine regional casinos, and Truist Securities analysts said several prospective buyers could emerge as the process advances. The company disclosed the plan when it reported second-quarter results on 29 July.
Boyd Gaming and its Orleans Hotel & Casino in Las Vegas are defendants in a case involving an alleged sexual assault against a minor. The claimant's lawyers allege that hotel staff failed to assess the situation and intervene.
A lawsuit reported in the press names Boyd Gaming and the Orleans Hotel & Casino in Las Vegas as defendants, alleging negligence in connection with an attempted sexual assault on a minor. According to the claimant's lawyers, hotel staff did not assess the situation or step in soon enough. The Masque Nightclub is also named in the claim, with the suit alleging that it served alcohol to someone below the legal drinking age and was negligent on multiple occasions.
Texas Capital analyst David Bain lowered estimates for Boyd Gaming ahead of its third-quarter results, due on 22 October, while retaining a buy rating and a $106 price target. Bain cited valuation and possible growth catalysts, including a fourth-quarter recovery in Las Vegas locals and other regions; Boyd could also consider assets Caesars Entertainment may sell, although no venues have been put on the market.
Deutsche Bank analyst Steven Pizzella upgraded Boyd Gaming and Penn Entertainment to buy from hold, according to a client report. He raised Boyd’s price target to $99 from $98 and Penn’s to $25 from $23, citing operational momentum and company-specific growth factors.
Boyd Gaming sold the former Eastside Cannery site in Las Vegas for $28.8 million on 10 September, reportedly after Clark County approved plans for a 279-lot housing development. The buyer granted Lennar an option to acquire the property; the report says Boyd’s sale followed its earlier $45 million purchase of the land.