Casinos & Hotels

deck chairs

Royal Caribbean Disembarks Q1 on Weak Guidance

Royal Caribbean Cruises Ltd. (NYSE: RCL) reported its first-quarter financial results Monday before the markets opened. The major cruise liner had $0.20 in earnings per share (EPS) on $1.82 billion ...
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Cruise ship

Why Carnival Is Sailing to Post-Recession Highs

Carnival Corp. (NYSE: CCL) has set sail on its earnings in its most recent report and on its new growth plans. The cruise ship operator had a solid performance, and ...
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Why One Analyst Sees Casinos With Nearly 30% Upside

Is Wall Street no different from gambling at a casino? The answer almost certainly depends on whom you ask. Still, Wall Street analysts and investors often follow the parents of ...
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Waikiki

Why MGM Activist Assumptions May Be Too Optimistic

Would MGM Resorts International (NYSE: MGM) be better off as a real estate investment trust (REIT)? Activist investor Land and Buildings (L&B) thinks that it would. The firm released a ...
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Casino Entrance

Should MGM Spin Off a REIT?

Hedge fund Land and Buildings announced on Tuesday that it plans to nominate four candidates for the board of directors of MGM Resorts International Inc. (NYSE: MGM) and is proposing ...
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beds

Hotels in New York City Cannot Raise Rates

Hotels in New York City were only able to raise rates 1% last year, compared with 15% in Nashville, the highest increase among the top 50 markets. If anyone needed ...
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Gambling

Casino Revenues Tumble by 50% in Macau

The gambling control board of Macau released its report on the island’s gambling revenues for February late Monday evening, and the report was, perhaps amazingly, slightly better than analysts had ...
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beds

MGM Resorts Struggle on Low Action in China, Tax Charge

MGM Resorts International (NYSE: MGM) reported fourth-quarter and full-year 2014 results before markets opened on Tuesday. For the quarter, the casino and resort operator posted a diluted loss per share ...
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AustinTX-Marriott

JW Marriott Opens Its Largest Hotel in North America

The luxury JW Marriott Hotels & Resorts division of Marriott International Inc. (NASDAQ: MAR) announced on Friday the opening of its largest North American property, the JW Marriott Austin. With ...
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Gambling

Casino Stocks Hammered on Macau Data

On Friday, the gambling control board of Macau released its report on the island’s gambling revenues for December and all of 2014, and the news beat down casino stock prices ...
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200325572-001

Caesars Merger Precedes Chapter 11 Filing

Struggling casino owner Caesars Entertainment Corp. (NASDAQ: CZR) announced Monday morning that it is merging with asset acquisition company Caesars Acquisition Co. (NASDAQ: CACQ). The merger is an all-stock transaction ...
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Cruise ship

Carnival Earnings Set Sail

Carnival Corp. (NYSE: CCL) reported fourth-quarter and fiscal year 2014 results before markets opened Friday morning. The cruise line operator reported adjusted diluted earnings per share (EPS) of $0.27 on ...
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200325572-001

Would Casinos Really Make Good REITs?

Caesars Entertainment Corp. (NASDAQ: CZR) shares have responded favorably to news that the company presented a plan to creditors that would restructure the company into a real estate investment trust ...
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beds

What Blackstone’s Offering Will Mean for La Quinta

La Quinta Holdings Inc. (NYSE: LQ) announced Monday that it will have a secondary offering of 20 million shares from certain selling stockholders affiliated with Blackstone Group L.P. (NYSE: BX). ...
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Gambling

Melco Crown Earnings Dive as High-Rollers Forced to Stay Home

Melco Crown Entertainment Ltd. (NASDAQ: MPEL) reported third-quarter 2014 results before markets opened Thursday. The casino and resort operator posted adjusted diluted earnings per American depositary share (ADS) of $0.24 ...
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