Casinos & Hotels

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Eldorado Resorts Places $1.7 Billion Bet on Expansion

Eldorado Resorts Inc. (NYSEMKT: ERI) said Monday that it has entered a definitive agreement to acquire Isle of Capri Casinos Inc. (NASDAQ: ISLE) for $23 per share in cash or ...
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Has the Ongoing Decline in Macau Gaming Revenue Finally Ended?

If there is one trend in gambling that has held steadily for the past two years or more, it would be that Macau's casino and gaming revenues have been in decline. ...
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Caesars Shares Bust on Bankruptcy Ruling

Caesars Entertainment Corp. (NASDAQ: CZR) kicked off the week by watching its shares take a dive following an unfavorable ruling in bankruptcy court. A Chicago judge in the U.S. Bankruptcy ...
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Vail Posts All-Time High on $1 Billion Whistler Blackcomb Acquisition

Resort operator Vail Resorts Inc. (NYSE: MTN) said Monday that it had agreed to a cash and stock deal valued at C$36 per share (about $1.05 billion) to acquire Toronto-traded ...
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$30 Billion Airbnb Valuation Challenges New Bear Market Thesis

The debate between bulls and bears over the general stock market continues on as the S&P 500, Dow Jones and the Nasdaq all have failed to make much headway since ...
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Analysts Look Positive on Red Rock Resorts After IPO Quiet-Period Expiration

Red Rock Resorts Inc. (NASDAQ: RRR) has seen its post-IPO quiet period come to an end. Several brokerage firms have started coverage on what is mostly considered a Las Vegas ...
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Starwood Hotels Beats Q1 Earnings Estimates

Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT) released its first-quarter earnings report before the markets opened on Tuesday. The company said it had $0.70 in earnings per share (EPS) ...
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What to Look for in Starwood Hotels Earnings

Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT) is scheduled to report its first-quarter financial results before the markets open on Tuesday. The consensus estimates from Thomson Reuters are calling ...
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Las Vegas Sands Asian Revenues Plummet

Las Vegas Sands Corp. (NYSE: LVS) stock traded down nearly 12% at one time Thursday morning after the company reported revenues below consensus estimates and profits that were far below ...
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Las Vegas Sands Sees Profit Taking on Disappointing Earnings and Revenues

Las Vegas Sands Corp. (NYSE: LVS) has gone from out of favor with the Macau casino exposure to being back in favor. A 50% rally from its low of $34.88 ...
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Red Rocks Resorts Announces Potential Pricing of IPO

Red Rocks Resorts has filed an amended S-1 form with the U.S. Securities and Exchange Commission (SEC) for its initial public offering (IPO). The company intends to price its 27.25 ...
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MGM REIT to Raise $1.2 Billion in IPO

MGM Growth Properties, a real-estate investment trust (REIT) that will be controlled by MGM Resorts International (NYSE: MGM), filed documents with the U.S. Securities and Exchange Commission (SEC) Friday morning ...
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Las Vegas Sands Settles FCPA Charges With SEC

The U.S. Securities and Exchange Commission (SEC) recently announced that Las Vegas Sands Corp. (NYSE: LVS) has agreed to pay $9 million in penalties to settle charges that it violated ...
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Has Marriott Snatched Defeat From the Jaws of Victory?

Marriott International Inc. (NYSE: MAR) has won the battle for Starwood Hotels and Resorts Worldwide Inc. (NYSE: HOT) after an investment team lead by Chinese insurer Anbang folded its tent ...
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Why Analysts Are High on Carnival

Lower fuel costs and increased bookings led to a tripling of earnings at Carnival Corp. (NYSE: CCL) for its first fiscal quarter of 2016. The operator of Princess, Cunard, and ...
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