Casinos & Hotels

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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Should Investors Gamble on Macau?

Gaming stocks were not particularly pleased Tuesday and Wednesday when Macau reported revenues under what analysts were expecting. Two analyst reports from top firms explain the drop and what the outlook ...
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ski lift

Peak Resorts Files for IPO: Ski Resorts

Peak Resorts Inc. has filed its paperwork with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO). No terms given for the offering, but the filing is ...
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beds

Can One Hotel Sale Be Worth Almost $2 Billion?

Hilton Worldwide Holdings Inc. (NYSE: HLT) was the owner of the world-famous Waldorf Astoria Hotel, located in New York, until early Monday morning. Anbang Insurance Group, of China, has entered into ...
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beds

Los Angeles Hotel Workers on Track for Minimum Wage of $15.37

The Los Angeles City Council is scheduled to take a final vote next week on a proposal to raise the minimum wage for workers at the city’s large hotels to ...
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Cruise ship

Carnival Sailing the High Seas on Earnings and Guidance

Carnival Corp. (NYSE: CCL) released its earnings for its third quarter Tuesday before the markets opened. This cruise liner giant posted solid seasonal gains for this quarter and is looking ...
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Gambling

More Negative Analyst Views for Macau Casinos

The Macau region in China has been the target of many analysts’ downgrades in the casino sector recently, with Sterne Agee the most recent to have cautious views. David Bain ...
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beds

Hilton Secondary Offering May Loosen Blackstone’s Control

Hilton Worldwide Holdings Inc. (NYSE: HLT) has filed with the Securities and Exchange Commission to have a secondary offering. The Blackstone Group L.P. (NYSE: BX) will be acting as the Selling Stockholders ...
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ski lift

Vail Resorts Gets a Steal in Park City Acquisition

Vail Resorts Inc. (NYSE: MTN) has just seen its stock hit a new all-time high. The reason is that the ski resort owner and operator just announced that it is ...
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Gambling

Growing Concerns for Macau Casino Stocks

The world of casino stocks is often very volatile. Sometimes a good economy isn't enough. Then there are the regional concerns for casinos, such as Macau having new risks and ...
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payoff

Are Extended Stay Shares Safe To Buy Yet?

Extended Stay America, Inc. (NYSE: STAY) held up rather well on Thursday considering that it priced a 21 million share secondary offering. This added millions more of shares on the ...
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200325572-001

MGM Resorts Profits Return via Las Vegas, Beating Out Macau

MGM Resorts International (NYSE: MGM) reported second-quarter 2014 results before markets opened on Tuesday. The casino and resort operator posted diluted earnings per share (EPS) of $0.21 on revenues of ...
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200325572-001

Las Vegas Sands Doesn’t Deliver on High Expectations

Las Vegas Sands Corp. (NYSE: LVS) reported second-quarter results after markets closed Wednesday. The casino and resort operator posted adjusted diluted earnings per share (EPS) of $0.85 on revenues of ...
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