Tropicana Entertainment Inc.
 (TPCA)

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  • Mon, Feb. 1, 3:27 PM
    • Tropicana Entertainment (OTCQB:TPCA) is sinking $25M into its Atlantic City casino this year for renovations.
    • Slated for upgrades are rooms in the Havana Tower and the casino floor at the South Tower.
    • The casino operator spent about $50M in renovations last year.
    • Icahn Enterprises (NASDAQ:IEP) owns a sizable stake in Tropicana.
    | Mon, Feb. 1, 3:27 PM | 1 Comment
  • Tue, Jan. 26, 1:38 PM
    • The U.S. casino business could generate revenue up to $93B by 2020 as growth picks up, according to a forecast by Technavio.
    • The upside could be higher for regional casinos which aren't battling to offset the loss of VIP baccarat revenue like Las Vegas operators, although Strip revenue is still seen besting 2015 totals.
    • Forecasts for Macau have been cautious due to the carnage in Chinese equity markets, although analysts note the sector will run up against soft comparables for at least the first part of the year. New openings on the Cotai Strip are expected to bring in new international visitors.
    • Related stocks: ISLE, PENN, PNK, BYD, GLPI, CHDN, MCRI, OTCQB:TPCA, CNTY, ERI, NYNY, DDE, UWN, FLL, CZR, CACQ, MGM, LVS, WYNN, MPEL, OTCPK:SJMHY, OTCPK:GXYEF.
    | Tue, Jan. 26, 1:38 PM | 4 Comments
  • Tue, Jan. 19, 2:18 PM
    • Some casino operators in Missouri would like to amend a state law which allows high rollers to borrow funds through lines of credit.
    • The companies would like to lower the borrowing threshold from $10K to make it applicable to more customers.
    • The current law gives non-intoxicated customers 30 days to repay casino loans interest-free.
    • Gaming companies with a presence in Missouri include Caesars Entertainment (NASDAQ:CZR), Pinnacle Entertainment (NASDAQ:PNK), Isle of Capri (NASDAQ:ISLE), Affinity Gaming, Tropicana Entertainment (OTCQB:TPCA), and Gaming and Leisure Properties (NASDAQ:GLPI).
    | Tue, Jan. 19, 2:18 PM
  • Dec. 30, 2015, 9:24 AM
    • The elevated level of consolidation in the gaming sector is expected to continue in 2016 as companies look to scale up amid margin pressure.
    • Analysts think 888 Holdings (OTCPK:EIHDF) and William Hill (OTC:WIMHF, OTCPK:WIMHY) could rekindle their merger talks.
    • Betsson (OTCPK:BTSNF) is seen combining with Malta-based Unibet.
    • Mega-mergers are given a longer shot by analysts despite persistent chatter over Wynn Resorts (NASDAQ:WYNN), MGM Resorts (NYSE:MGM), and Las Vegas Sands (NYSE:LVS). Some names to watch for M&A buzz include Full House Resorts (NASDAQ:FLL), Amaya (NASDAQ:AYA), Tropicana Entertainment (OTCQB:TPCA), Entertainment Gaming (NASDAQ:EGT), Eldorado Holdings (NASDAQ:ERI), Ladbrokes (OTCPK:LDBKY), Boyd Gaming (NYSE:BYD), Isle of Capri (NASDAQ:ISLE), and Golden Entertainment (NASDAQ:GDEN). A wildcard in the mix is Caesars Entertainment (NASDAQ:CZR) which is mired in legal quagmire, but has some strong properties in its stable if it can clear bankruptcy intact.
    • Place your 2016 gaming merger bet in the comment stream.
    • Related ETF : BJK.
    | Dec. 30, 2015, 9:24 AM | 6 Comments
  • Dec. 28, 2015, 12:02 PM
    • A report out from JPMorgan indicates room rates on the Las Vegas Strip are on the rise.
    • The investment firm forecasts room rates out to the end of Q1 of 2016 to be up 8%.
    • Strong room rates are forecast for Caesars Entertainment (+17%), Las Vegas Sands (+13%), Wynn Resorts (+9%) - while room rates are seen as flat for MGM Resorts (NYSE:MGM) across properties.
    • Domestic traffic to Las Vegas Strip casinos has been stable this year, while high-roller baccarat traffic from Asia has dwindled.
    • Related stocks: LVS, WYNN, MGM, CZR, OTCQB:TPCA, BYD.
    | Dec. 28, 2015, 12:02 PM | 10 Comments
  • Nov. 30, 2015, 11:08 AM
    • Gaming revenue on the Las Vegas Strip fell 5.1% to $494M in October, according to data from the Gaming Control Board.
    • Statewide gaming revenue was off 2.9% to $888M.
    • Weak numbers for baccarat have plagued Las Vegas operators this year with high rollers from China in shorter supply. Most analysts think that trend will continue.
    • Related stocks: LVS, MGM, WYNN, FLL, CZR, BYD, OTCQB:TPCA.
    • Related ETF: BJK.
    | Nov. 30, 2015, 11:08 AM | 11 Comments
  • Sep. 30, 2015, 12:19 PM
    • Gaming revenue in Nevada fell 1.4% to $908.2M in August to mark the third straight month of a declining tally.
    • Las Vegas Strip revenue was down 4.66% to $527.4M as the weak baccarat trend continued. Strip slot revenue was higher during the month, while table game revenue fell.
    • Fiscal YTD revenue (7/31-8/1): Nevada -1.17% to 1.831B; Las Vegas Strip -3.40% to 1.052B.
    • Gaming Control Board report
    • Related stocks: LVS, MGM, WYNN, FLL, CZR, BYD, OTCQB:TPCA.
    • Related ETF: BJK.
    | Sep. 30, 2015, 12:19 PM | 19 Comments
  • Sep. 19, 2015, 12:03 PM
    • A new joint venture between a consortium led by China Railway and Xpress West Enterprises plans to build a bullet train from Los Angeles to Las Vegas.
    • The agreement is an important victory for China Railway which edged out Japan's JR Central for the contact just ahead of China President Xi Jinping’s important state visit to the U.S.
    • Construction on the $100M project could start as soon as next year. The high-speed train is expected to reduce L.A.-Vegas travel time to 80 minutes from a driving time on four to six hours (peak time) - a development seen as boosting weekend visitors to Sin City.
    • Related stocks: LVS, MGM, WYNN, FLL, CZR, BYD, OTCQB:TPCA.
    | Sep. 19, 2015, 12:03 PM | 61 Comments
  • Sep. 18, 2015, 7:52 AM
    • The Nevada Gaming Commission approved a set of rules to allow a new category of games which mix skill and chance.
    • The aim of industry players is to introduce hybrid slot machines which appeal to millennials by incorporating skills such as knowledge of trivia, strategic thinking, or dexterity. Traditional slot machines haven't been popular with millennials in general.
    • Related stocks: CZR, WYNN, SGMS, ISLE, PNK, PENN, MCRI, CNTY, IGT, MGM, BYD, OTCQB:TPCA, ATVI, TTWO, EA.
    • Related ETFs: BJK
    | Sep. 18, 2015, 7:52 AM | 8 Comments
  • Aug. 31, 2015, 5:12 PM
    • Las Vegas visitor volume rose 5.3% Y/Y to 3.547M visitors in July, according to data from the Las Vegas Convention and Visitors Authority.
    • Room capacity was down 0.2% during the month.
    • Revenue per available room rose 4.4% to $96.70.
    • Despite the boost in traffic, gaming revenue in Clark County (LV Strip, downtown LV, Boulder Strip) was off to $800.38M.
    • YTD Las Vegas visitor volume is +2.0% to 24.743M.
    • LVCVA release (.pdf)
    • Related stocks: LVS, MGM, WYNN, FLL, CZR, BYD, OTCQB:TPCA.
    | Aug. 31, 2015, 5:12 PM | 16 Comments
  • Aug. 25, 2015, 2:00 PM
    • A federal appeals court in Philadelphia upheld a ruling that keeps sports betting illegal in all but four states.
    • The state of New Jersey was looking for relief in its bid to offer sports betting at casinos and racetracks across the state.The Third Circuit ruled that the state's plan to open up sports wagering violates the Professional and Amateur Sports Protection Act of 1992.
    • Nevada is the only state where it's legal to bet on individual games, although Delaware, Oregon, and Minnesota have other forms of sports betting. Legislation pending in Indiana, Minnesota, New York, South Carolina, and Texas could be stalled after the legal ruling.
    • Regional casinos and racetracks have the most to gain from sports betting legalization.
    • Related stocks: PENN, PNK, ISLE, DDE, CHDN, MCRI, CNTY, CZR, MGM, WYNN, UWN, OTCQB:TPCA, NYNY.
    | Aug. 25, 2015, 2:00 PM | 6 Comments
  • Aug. 20, 2015, 12:32 PM
    • A new report from the Association of Gaming Equipment Manufactures argues that tighter slot machines have contributed to a drop in revenue.
    • Slot hold percentages increased 6.2% from 2007 to 2014 as total slot revenue fell off.
    • Despite a variety of economic factors in play, the higher hold percentage is seen as diminishing traffic and reducing the overall time visitors spend in a casino. Some analysts have suggested a disconnect between slot machines and the interests of the under-30 generation is a larger factor.
    • Full report on slot market by the Association of Gaming Equipment Manufacturers (.pdf)
    • Related stocks: PENN, PNK, ISLE, DDE, CHDN, MCRI, CNTY, CZR, MGM, WYNN, UWN, OTCQB:TPCA, NYNY.
    | Aug. 20, 2015, 12:32 PM | 18 Comments
  • Jul. 28, 2015, 12:07 PM
    • Gaming revenue in Nevada fell 8.37% to $830.9M in June, according to the Nevada Gaming Control Board.
    • Las Vegas Strip revenue was off 16.1% to $445.5M.
    • An exceptionally strong month for baccarat a year ago made the comparison tough this year.
    • Gaming Control Board report
    • Related stocks: LVS, MGM, WYNN, FLL, CZR, BYD, OTCQB:TPCA.
    • Related ETF: BJK.
    | Jul. 28, 2015, 12:07 PM | 8 Comments
  • Jul. 20, 2015, 8:15 AM
    • Bank of America Merrill Lynch has raised estimates on the regional gaming sector.
    • Regional casinos saw solid year-over-year traffic increases in April and May, leading to optimism that Q2 profit estimates will be topped.
    • Related stocks: ISLE, PENN, PNK, BYD, GLPI, CHDN, MCRI, OTCQB:TPCA, CNTY, ERI, NYNY, DDE, UWN, FLL, LACO.
    | Jul. 20, 2015, 8:15 AM | 4 Comments
  • Jun. 29, 2015, 8:14 AM
    • Nevada gaming revenue rose 3.33% in May to $1.003B to mark the first time the casinos in the state generated over a billion dollars since December of 2013.
    • The boxing match between Floyd Mayweather and Manny Pacquiao was a significant traffic driver during the month.
    • Slot revenue +8%.
    • Baccarat revenue -33%.
    • Las Vegas Strip revenue +1.4%, while downtown Vegas casinos saw a 15% upturn.
    • Fiscal YTD Nevada gaming revenue -0.99%.
    • Nevada State Gaming Control Board report (.pdf)
    • Related stocks: CZR, CACQ, MGM, WYNN, LVS, BYD, OTCQB:TPCA,
    • Related ETF: BJK
    | Jun. 29, 2015, 8:14 AM | 2 Comments
  • May 15, 2015, 4:07 PM
    • Senate Bill 9 has been passed by both legislative chambers in Nevada, clearing the way for skills-based casino floor games.
    • The development also opens a door for videogame sellers to create or license casino versions of their popular titles.
    • The casino industry has its eyes on attracting millennials after seeing the group show tepid demand for classic table games and slot machines.
    • New Jersey and Mississippi have also set the stage for casino floor innovation with similar legislation.
    • Previously: Paging Steve Nash to the Borgata (Feb. 13)
    • Related stocks: CZR, WYNN, SGMS, ISLE, PNK, PENN, MCRI, CNTY, IGT, MGM, BYD, OTCQB:TPCA, ATVI, TTWO, EA.
    • Related ETFs: BJK
    | May 15, 2015, 4:07 PM | 10 Comments
Company Description
Tropicana Entertainment Inc. owns and operates eight casinos and resorts in Indiana, Louisiana, Mississippi, Missouri, Nevada, New Jersey and Aruba. The Company owns approximately 5,500 rooms, 8,000 slot positions and 300 table games. The company is based in Las Vegas, Nevada.
Sector: Services
Country: United States