Snake Eyes Earnings Report For Las Vegas Sands
Las Vegas Sands Corp. (NYSE: LVS) had already sold off massively due to the slowing trends in Asia. Now things have gone from bad to worse, and the worst of the news flow out…
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Newest first · Page 19Sands Gets OK on Macau Project Extension
Earlier this year, Las Vegas Sands Corp. (NYSE: LVS) was denied land rights to an expansion project on Macau. The land, called Parcels 7 and 8, was part of a larger project on which…
Gambling Revenues Continue to Fall in Nevada
In its latest report on gambling revenues in the state, the Nevada Gaming Commission said that total revenue for May 2012 came in at $885.1million, down -10.05% compared with May 2011. For the first…
Casinos Take Another Hit (LVS, WYNN, MPEL, MGM)
Earlier this month Las Vegas Sands Corp. (NYSE: LVS) withdrew its appeal of a decision by the Chinese government that denied the company a permit to construct a new casino on property it had…
Social Media a Path to Online Gambling (FB, ZNGA, MGM, WYNN, CZR, IGT, BYI, BYD)
It’s been six years since the US Congress outlawed “illegal online gambling” without ever defining what the term meant. Congress did say what it wasn’t however: it is not illegal for a state to…
Las Vegas Sands Folds on Macau Land Appeal (LVS, MPEL, WYNN, MGM)
As of the end of 2011, Las Vegas Sands Corp. (NYSE: LVS) had spent $101.5 million on developing a project in Macau for which it did not have the required land rights. The government…
Caesars Files To Unload $500 Million More in Stock (CZR)
Caesars Entertainment Corporation (NASDAQ: CZR) has just filed to sell up to $500 million shares of common stock. If you will recall, this was a tiny initial public offering and this will exponentially increase…
Melcro Crown: How Macau Is An Earnings Haven (MPEL, WYNN, LVS)
There is a trend happening about gambling in Asia, and it no longer just involves Asian businessmen flying to Las Vegas. This is about Macau, and the pure-play for Macau is Melco Crown Entertainment…
Dividend Watch: Making The Casinos Pay You (WYNN, ASCA, LVS, MGM, MPEL)
Casinos are not generally thought of for having the world’s highest dividend payouts. That may be slowly changing, particularly now that it seems that Las Vegas is fully mature and has more than enough…
Unloading MGM (MGM)
MGM Resorts International (NYSE: MGM) has been under pressure this morning on news that Kirk Kerkorian and the company were selling shares in a secondary offering. The secondary offering priced, and the deal terms…
How Much Can MGM Macau IPO Add to MGM Shareholder Value? (MGM, MPEL, LVS, WYNN)
The end-game reward on how much MGM Resorts International (NYSE: MGM) will add for shareholder value via a Hong Kong IPO of its MGM China Holdings Limited in Macau is still a work in…
A Hard Day For Las Vegas Sands
A bad day for Las Vegas Sands From Reuters. Douglas A. McIntyre
Melco Crown Outlines IPO Risks at Las Vegas Sands, MGM Too (MPEL, LVS, MGM, WYNN)
Melco Crown Entertainment Ltd. (NASDAQ: MPEL) is holding up better than many might have expected after the stellar rise seen in the casino stocks with Macau ties. Melco Crown turned a wider loss over…
Regulatory Risks Hit Macau Casinos (WYNN, LVS, MPEL)
News out of Macau, China is crushing some of the gambling stocks that have direct operations in Macau. It looks like the Chinese are considering curbing the number of gambling tables, the minimum age…
Boyd Gaming Files To Raise Cash (BYD)
Boyd Gaming Corporation (NYSE: BYD) has filed with the SEC to raise up to $750 million in cash via securities sales. The company can sell any combination of common stock, preferred Stock, Debt Securities,…