Casinos & Hotels - Page 2

200325572-001

Macau Revenue Trends Keep Biting Casinos

It seems as though the casino sector is depending solely upon Macau for its future. That is at least what many investors would think. There is a reason—Macau was supposed ...
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200325572-001

Fitch Revises Revenue Forecast for Macau and Major Casinos

As a result of Macau’s gaming revenues being down 36.5% year to date through August, and the corruption crackdown in China, Fitch Ratings is revising its Macau 2015 gaming revenue growth ...
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deck chairs

Why Credit Suisse Likes Cruise Stocks

If you think that cruise lines are on the way out or are about to slow down, you might want to see what Credit Suisse has to say about the ...
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beds

Muted Response for Strategic Hotels & Resorts Buyout Hopes

A potential merger with or acquisition of Strategic Hotels & Resorts, Inc. (NYSE: BEE) is not really new news. That being said, the company did announce on Monday that it ...
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beds

Hospitality Earnings in Review

A few of the key hospitality stocks recently reported their earnings and 24/7 Wall St. is taking a quick review of what has happened in the past week. The three ...
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Cruise ship

Royal Caribbean Jumps to New 52-Week High on Earnings

Royal Caribbean Cruises Ltd. (NYSE: RCL) reported second quarter 2015 results before markets opened Friday morning. For the quarter, the global cruise vacation company posted adjusted diluted earnings per share ...
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beds

How to Value Strategic Hotels in a Buyout

Strategic Hotels & Resorts, Inc. (NYSE: BEE) has been thrown around as a would-be takeover target before, and Credit Suisse decided to take a look back at its value prospects ...
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180519466

Caesars Bankruptcy Possible Following Court Ruling

A federal bankruptcy judge in Chicago has denied a request from casino and resort operator Caesars Entertainment Corp. (NASDAQ: CZR) to delay creditor lawsuits totaling some $11 billion while the ...
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beds

Looking at the Upside in 4 Hotel Stocks

So far 2015 has not been a good year for most hotel stocks, but this weakness could prove to be a good opportunity. In fact, one key analyst sees these ...
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Cuban peso

Will Sailing to Cuba Really Matter for Carnival?

Carnival Corp. (NYSE: CCL) has announced what many tourists have hoped would come about for years. It will now be able to take you and thousands of other tourists to ...
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CannaCamp

Colorado Ranch Is Nation’s First Marijuana-Friendly Resort

A 170-acre ranch near Durango, Colo., bills itself as “A Bud+Breakfast™ Mountain Resort,” the first marijuana-friendly resort in the United States. CannaCamp features cannabis-infused massage therapy, cooking classes and, of ...
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180519466

Dwindling Macau Revenue Continues to Hit Casino Stocks

Macau overtook Las Vegas as the world’s gambling hub some years ago, as it consistently delivered huge gaming revenue growth, driven by the explosion of wealth in Hong Kong and ...
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deck chairs

4 Top Cruise and Casino Picks for the Rest of 2015 and Into 2016

As we approach the halfway point in the year, many of the top firms we cover at 24/7 Wall St. are readjusting and making some tweaks to their lists of ...
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180519466

3 Top JPMorgan Gambling Stocks to Buy Now

While many of the top gaming stocks have been hurt due to the slowdown in Macau revenues, others have been hurt by either different issues or an overall malaise of ...
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Gambling

MGM Macau Revenues Plummet and Activist Investor Battles On

MGM Resorts International (NYSE: MGM) reported first-quarter 2015 results before markets opened on Monday. The casino and resort operator posted adjusted diluted earnings per share (EPS) of $0.33 on revenues ...
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