Casinos & Hotels - Page 2

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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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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Casino Entrance

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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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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Casino Entrance

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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Casino Entrance

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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Casino Entrance

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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Casino Entrance

Boyd Gaming Misses Estimates, Even Without Huge Impairment Charge

Boyd Gaming Corp. (NYSE: BYD) reported fourth-quarter and full-year 2012 results before markets opened this morning. For the quarter the casino operator reported an adjusted earnings per share (EPS) loss ...
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Nevada Online Gambling Law Juices Stocks (ZNGA, FB, IGT, BYI, BYD, WMS, SHFL, CZR, MGM, MPEL)

We noted last Friday the impact on some stocks following Nevada’s enactment of legislation permitting online gambling in the state. Now a state with just 3 million people is not ...
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Online Gambling Now Legal in Nevada (ZNGA, IGT, BYI, BYD, WMS, SHFL)

The governor of Nevada signed legislation yesterday legalizing online gambling in his state. New Jersey’s governor recently vetoed a similar bill but said he could sign one if properly amended. ...
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Wynn Fight Continues, But Kazuo Okada Resigns From The Board

Wynn Resorts Ltd. (NASDAQ: WYNN) is perhaps one of the craziest infighting scenarios that investors have seen in modern times. The fight for control and influence has been very odd ...
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