Casinos & Hotels - Page 2

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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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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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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