Casinos & Hotels - Page 2

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 »
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, ...
Read Full Story »
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 ...
Read Full Story »
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. ...
Read Full Story »
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 ...
Read Full Story »
200325572-001

Las Vegas Sands Rolls Snake-Eyes on Earnings

Las Vegas Sands Corp. (NYSE: LVS) reported fourth quarter and full year 2013 results after markets closed Wednesday. For the quarter, the casino and resort operator posted adjusted diluted earnings ...
Read Full Story »
200325572-001

How Much Is Macau Growth Really Slowing?

When emerging trends start to slow, they look like they are dying. That may not be the case in Macau, but lower growth rates in China and emerging market panic ...
Read Full Story »
200325572-001

Casino Stocks in 2014: Macau Is the Place to Be

The Macau gambling authority said on Thursday that the island's gambling revenue rose 19% year-over-year in 2013 to $45.2 billion, about seven times the revenue expected from gambling on the ...
Read Full Story »
Gambling

Gambling and Casino Stocks May Be Overvalued for 2014

2013 has been a good year for casino stocks, with shares in the five most heavily traded companies up between 50% and more than 100%. That success has been driven ...
Read Full Story »
beds

Hilton Doubles IPO Plan

Less than a month ago, the planned initial public offering (IPO) for Hilton Worldwide Holdings was expected to raise about $1.25 billion that the company would use to pay down ...
Read Full Story »