Shut casinos hit Caesars as COVID-19 puts industry in survival mode


(Reuters) – Caesars Entertainment Corp (CZR.O) missed quarterly revenue estimates on Monday as it shuttered its casinos amid nationwide lockdowns to contain the spread of the COVID-19 pandemic.

FILE PHOTO: The 550 foot-tall (167.6 m) High Roller observation wheel, the tallest in the world, is the centerpiece of the $550 million Linq project, a retail, dining and entertainment district by Caesars Entertainment Corp, in seen in Las Vegas, Nevada April 9, 2014. The wheel is. REUTERS/Las Vegas Sun/Steve Marcus

The industry, which counts on air travel and large groups of people in close proximity, is one of the

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Stock futures are flat as investors monitor efforts to reopen the economy


The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, U.S., April 26, 2020.

Jeenah Moon | Reuters

Stocks futures rose slightly in overnight trading on Monday as investors evaluated the latest attempts to reopen the economy.

Futures on Dow Jones Industrial Average rose about 50 points, while the S&P 500 futures were trading near the flat line. The Nasdaq 100 futures gained about 30 points.

The tech-heavy Nasdaq Composite rose for a sixth day in the previous session, posting its longest winning

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Novavax, Tilray, Eventbrite and more


A worker examines cannabis plants at a Tilray farm.

Source: Tilray

Check out the companies making headlines after the bell.

Novavax — The vaccine company’s stock skyrocketed 37% in extended trading after Novavax highlighted an outside investment of $388 million to advance the clinical development of its coronavirus vaccine candidate in its first-quarter earnings release. The company said the vaccine it’s working on “shows strong potential to have a positive impact on this global health crisis.” Novavax also reported a loss of 58 cents per share on revenue of $3.4 million, while analysts expected a loss of 70 cents

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Bitcoin undergoes third ‘halving’, falls vs U.S. dollar


NEW YORK (Reuters) – Bitcoin slid on Monday in volatile trading, after it went through a technical adjustment that reduced the rate at which new coins are created, but the outlook remained upbeat as the increase in supply slows down.

FILE PHOTO: Representations of virtual currency Bitcoin are seen in this picture illustration taken taken March 13, 2020. REUTERS/Dado Ruvic/Illustration

Monday’s “halving” cuts the rewards given to those who “mine” bitcoin to 6.25 new coins from 12.5.

Bitcoin relies on so-called “mining” computers that validate blocks of transactions by competing to solve mathematical puzzles every 10 minutes. In return,

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