Casinos & Hotels

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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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 ...
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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 ...
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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 ...
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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 ...
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Casino Entrance

With Earnings Warning, Employee National Morale Day at IGT

International Game Technology (NYSE: IGT) had a dubious title for a press release. It was named "IGT Re-Aligns to Position for Long-Term Earnings Growth." The company should ask its employees, ...
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Casino Entrance

Activist Hedge Fund Brings Excitement to Boyd Gaming

Shares of Las Vegas-based casino operator Boyd Gaming Corp. (NYSE: BYD) took off in after-hours trading Monday after a regulatory filing from activist hedge fund Elliott Associates disclosed that it ...
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Casino Entrance

Melco Crown Chasing Wynn and Las Vegas Sands — With Dividends

Melco Crown Entertainment Ltd. (NASDAQ: MPEL), one of Macau's biggest casino operators, said profit doubled in the fourth quarter, thanks to its ability to attract so-called premium mass market gamblers. ...
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Gambling

Casino Stocks Hammered by Drop in Macau Revenues

Gambling revenue growth on the Chinese island of Macau fell to its lowest level in 15 months in January, rising just 7% to $3.6 billion. The drop is attributed to ...
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