Casinos & Hotels

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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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Carnival cruise ship

What to Expect From Carnival Q1 Earnings

Carnival Corp. (NYSE: CCL) is scheduled to report its fiscal first-quarter financial results before the markets open on Wednesday. The consensus estimates from Thomson Reuters call for $0.32 in earnings per ...
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Starwood Gets Sweetened Bid From Chinese Buyers

The Chinese consortium led by Anbang Insurance Group has raised its bid for Starwood Hotels and Resorts Worldwide Inc. (NYSE: HOT) to $82.75 per share in a non-binding, all-cash offer ...
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