Casinos & Hotels

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 ...
Read Full Story »
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 ...
Read Full Story »
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 ...
Read Full Story »
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 ...
Read Full Story »
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 ...
Read Full Story »
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 ...
Read Full Story »
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 ...
Read Full Story »
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 ...
Read Full Story »
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 ...
Read Full Story »
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 ...
Read Full Story »
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 ...
Read Full Story »
180519466

J.P. Morgan’s Top 4 Gaming Stocks to Buy as China Growth Reignites

For a few years, the non-stop growth of gambling in Macau was a fire lit under the top gaming names on Wall Street. A confluence of rule changes, VIP trends ...
Read Full Story »
Horse Racing

The Money Behind The Kentucky Derby – Hundreds of Millions (or More)

The Kentucky Derby is one of those events that pulls in viewers who never even bother with watching horse racing any other days of the year. It is also represented ...
Read Full Story »
Four Seasons 757

Four Seasons Launches Flying Luxury Hotel

Four Seasons Hotels & Resorts has launched its flying luxury hotel schedule for 2014. A round-the-world trip for two on the customized Boeing 757 will set you back $119,000 per ...
Read Full Story »
yuan

500.Com Punishing Shareholders, Offering Into Lockup Expiration

500.com Ltd. (NYSE: WBAI) is supposed to be the lottery stock investment for China. It turns out that it has been a losing ticket in March, falling from over $54 ...
Read Full Story »