ThinkstockLas 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 per share (EPS) of…
ThinkstockWhen 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 is spooking the gambling…
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 Las Vegas Strip. Clearly…
Thinkstock2013 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 by continuing growth in…
ThinkstockLess 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 debt. The hotel chain’s…
ThinkstockExtended 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 to $21. The offering…
courtesy of WynnResorts.comIt 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 will be…
ThinkstockPenn 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 first announced a year…
ThinkstockApparently 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 Ltd. (NASDAQ: MPEL), Las…
ThinkstockSFX 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 of $11 to $13…
ThinkstockFor 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 today, the analysts at…
ThinkstockBack 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 largest private equity buyouts…
ThinkstockThe 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 casino operators are reaping…
ThinkstockAt 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 gaming, the state is…
ThinkstockCaesars 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 for the property in…