Casinos & Hotels - Page 2

wynn

Wynn Withdraws Pennsylvania Casino Application

It looks like Wynn Resorts Ltd. (NASDAQ: WYNN) is going to keep its high-end domestic growth ambitions localized to Las Vegas, Nevada. Even if it wants to expand domestically, it ...
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Penn National Gaming’s Casino REIT Spin-off Completed

Penn National Gaming Inc. (NASDAQ: PENN) completed on Monday the spin-off of its real-estate holdings into a new REIT, Gaming and Leisure Properties Inc. (G&LP) (NASDAQ: GLPI). The spin-off was ...
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Casino Entrance

Sterne Agee Gets Very Positive on Macau Casinos

Apparently things continue to improve in the world of Macau casinos. A new report from Sterne Agee's David Bain is raising expectations for the leaders such as Melco Crown Entertainment ...
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Music Concert

Music Festival Promoter’s IPO Fizzles

SFX Entertainment Inc. (NASDAQ: SFXE) held its initial public offering (IPO) Wednesday morning, selling about 3.8 million shares at an IPO price of $13, the top of its proposed range ...
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Oppenheimer Says Sell These Restaurant, Hotel and Gaming Stocks

For the past year and a half, top hotel, restaurant and leisure stocks have surged on investor interest and very positive sentiment from Wall Street analysts. In a research report out ...
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IPO

Private Equity Ambition Springs to Life as Hilton IPO Becomes Formal

Back in early August we suggested that the reported Hilton initial public offering would be very important to the IPO market. After all, this was one of the top ten ...
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Gambling

New Macau Project Lifts Casino Shares

The former Portuguese colony of Macau generates about six times the gambling revenue of Las Vegas and now a Macau-based company is going after a piece of the action. U.S.-based ...
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Delaware Launches Online Gambling; Just for Fun Until October

At 6 a.m. Wednesday morning, the three casinos in the state of Delaware launched free online sites for slot machines, poker, blackjack, and roulette. While today’s launch includes only for-fun ...
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Caesars Finally Gives Up on Macau, Stock Reaches All-Time High

Caesars Entertainment Corp. (NASDAQ: CZR) will sell its golf course property in Macau to developer Pearl Dynasty Investments Ltd. for $438 million, well shy of the $578 million Caesars paid ...
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Wynn Resorts Earnings Light on Weakness in Macau

Wynn Resorts Ltd. (NASDAQ: WYNN) reported second-quarter 2013 results before markets opened this morning. The casino and resort operator posted adjusted diluted earnings per share (EPS) of $1.51 on revenues ...
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Bally Acquires Game Maker

Gambling machine maker Bally Technologies Inc. (NYSE: BYI) announced today that it has struck a definitive agreement to acquire SHFL entertainment Inc. (NASDAQ: SHFL) for $23.25 a share, or about ...
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200325572-001

The Games Are Still Hot at Las Vegas Sands

Las Vegas Sands Corp. (NYSE: LVS) reported first-quarter 2013 results after markets closed today. For the quarter, the casino and resort operator posted adjusted diluted earnings per share (EPS) of ...
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You Can Play Real-Money Poker Online Again — If You Live in Nevada

The first legal online gambling site in the U.S. launched today, ultimatepoker.com, a majority-owned subsidiary of Station Casinos LLC. In order to play, though, you must be able to prove ...
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Real-Money Gambling Goes Live

Today’s launch of real-money gambling in the United Kingdom has sent shares of Zynga Inc. (NASDAQ: ZNGA) soaring this morning. The anticipated launch in a partnership with Bwin.party Digital Entertainment ...
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Kerkorian May Increase Stake in MGM Resorts

In a filing with the U.S. Securities and Exchange Commission (SEC) today, investor Kirk Kerkorian’s Tracinda Corp. indicated that it may boost its stake in MGM Resorts International Inc. (NYSE: ...
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