More Negative Analyst Views for Macau Casinos
ThinkstockThe Macau region in China has been the target of many analysts’ downgrades in the casino sector recently, with Sterne Agee the most recent to have cautious views. David Bain was the analyst on…
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Newest first · Page 15Hilton Secondary Offering May Loosen Blackstone’s Control
ThinkstockHilton Worldwide Holdings Inc. (NYSE: HLT) has filed with the Securities and Exchange Commission to have a secondary offering. The Blackstone Group L.P. (NYSE: BX) will be acting as the Selling Stockholders for this offering of…
Vail Resorts Gets a Steal in Park City Acquisition
Vail Resorts just announced that it is acquiring the Park City Mountain Resort in Park City, Utah.
Growing Concerns for Macau Casino Stocks
ThinkstockThe world of casino stocks is often very volatile. Sometimes a good economy isn’t enough. Then there are the regional concerns for casinos, such as Macau having new risks and concerns. Sterne Agee’s leisure…
Are Extended Stay Shares Safe To Buy Yet?
ThinkstockExtended Stay America, Inc. (NYSE: STAY) held up rather well on Thursday considering that it priced a 21 million share secondary offering. This added millions more of shares on the market, but it also…
MGM Resorts Profits Return via Las Vegas, Beating Out Macau
MGM Resorts International reported better-than-expected second-quarter 2014 earnings before markets opened on Tuesday.
Las Vegas Sands Doesn’t Deliver on High Expectations
Las Vegas Sands reported disappointing second-quarter results after markets closed Wednesday. Las Vegas operations contributed slightly less than 10% to total revenues.
J.P. Morgan’s Top 4 Gaming Stocks to Buy as China Growth Reignites
Longer term, J.P. Morgan analysts are positive on the new trends in gambling in Macau. Here are the four top gaming stocks to buy at J.P. Morgan now.
The Money Behind The Kentucky Derby – Hundreds of Millions (or More)
Churchilldowns.comThe 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 as the oldest sports…
Four Seasons Launches Flying Luxury Hotel
Courtesy Four Seasons Hotels & ResortsFour 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…
500.Com Punishing Shareholders, Offering Into Lockup Expiration
500.com Ltd. is supposed to be the lottery stock investment for China. It turns out that it has been a losing ticket in March, and a secondary offering is only adding insult to injury.
With Earnings Warning, Employee National Morale Day at IGT
ThinkstockInternational 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, or at least 7%…
Activist Hedge Fund Brings Excitement to Boyd Gaming
Shares of Las Vegas-based casino operator Boyd Gaming took off in after-hours trading Monday after a regulatory filing from activist hedge fund Elliott Associates disclosed that it owns 4.99% of Boyd's shares outstanding.
Melco Crown Chasing Wynn and Las Vegas Sands — With Dividends
Melco Crown Entertainment, 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.
Casino Stocks Hammered by Drop in Macau Revenues
ThinkstockGambling 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 slowing economic growth in…