Casinos & Hotels - Page 2

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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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beds

Extended Stay America IPO Sets the Bar for Other Lodging IPOs

Extended Stay America Inc. (NYSE: STAY) held its initial public offering (IPO) Wednesday morning, selling 28.25 million shares at $20 each. The estimated range for the IPO had been $18 ...
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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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200325572-001

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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Casino Entrance

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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Casino Entrance

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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200325572-001

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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