Wynn Secondary Offering Should Be A ‘How-To-Model’ (WYNN, LVS)
Wynn Resorts Limited (NASDAQ: WYNN) accomplished a capital raise which looks to be at a far less of a discount and at much better terms than the recent financing over at Las Vegas Sands…
Casinos & Hotels
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Newest first · Page 20In the Land of Duh!: Moody’s Downgrades Las Vegas Sands (LVS)
Moody’s had had the corporate debt ratings of Las Vegas Sands Corp.(NYSE: LVS) on review for possible downgrade since mid-July. Just today, the debt ratings agency announced that it has lowered the corporate debt…
Caesar Shows Thumb Down on Las Vegas Sands (LVS)
Las Vegas Sands Corp. (NYSE: LVS) has just re-opened for trading after being halted all day. After the news today it is of little surprise that the stock is being hit hard after the…
Las Vegas Sands Gets A Lifeline (LVS)
Las Vegas Sands Corp. (NYSE: LVS) initially showed up on our day trader alerts this morning as one of the Macau casino movers. But right before the open Las Vegas Sands announced that it…
Looking Inside Wynn’s Vault (WYNN)
We just got earnings out of Wynn Resorts Ltd. (NASDAQ: WYNN). The ultra-high-end casino operator posted non-GAAP EPS of $1.11 on revenues of $825.2 million (after a 50% gain in Macau revenues). Estimates from…
Steve Wynn About To Show His Pocketbook (WYNN)
Very shortly after today’s close we are going to get a good glimmer into the overall health of casino stocks as Wynn Resorts Ltd. (NASDAQ: WYNN) is going to be opening its back office…
Las Vegas Sands (LVS): The Wages Of Sin Get Expensive
Divide the chips as you will. Las Vegas Sands (LVS) had a pitiful quarter. Revenue rose from $628 million to $1.079 billion. The good news ended there. Operating income fell from $131 million in…
Wynn Resorts Tries A Special Dividend (WYNN)
Wynn Resorts, Ltd. (NASDAQ:WYNN) has announced something that would have otherwise been unexpected. Its Board of Directors (likely Steve Wynn) has declared a cash distribution of $6.00 per share for holders of its common…
Casinos: Barron’s Take Vs. 24/7 Wall St. Take (WYNN, LVS, MPEL)
This weekend cover story from Barron’s was an article with some concerns over the value of casino stocks with exposure to Macau, and it even hints that valuations are at bubblish levels. It’s summary…
Wynn Resorts, Earnings Wynner! (WYNN, LVS, MPEL)
Wynn Resorts, Ltd. (NASDAQ:WYNN) posted earnings of $0.82 GAAP EPS on revenues of $687.5 million First Call had estimates at $0.53 EPS and almost $604 million revenues. Year over year results are hard to…
Earnings Preview: Wynn Resorts Ltd. (WYNN, LVS, MPEL)
Wynn Resorts, Ltd. (NASDAQ:WYNN) reports earnings after the close. This is by far one of the more volatile casino and resort names after earnings or news. First Call has estimates at $0.53 EPS and…
Trying to Find a Bottom: Melco PBL Ent. (MPEL)
If there was a stock with a hot story and lousy performance, it is Melco PBL Entertainment Ltd (MPEL-NASDAQ). As the only pure-play into casino operations in Macau, and after Las Vegas Sands (LVS-NYSE)…
MGM MIRAGE, No Tracinda Buyout (MGM)
MGM MIRAGE (MGM-NYSE) is seeing shares down over 10% in pre-market activity after the company has confirmed that Kirk Korkorian’s has changed his mind about the major shareholder Tracinda Corp pursuing an acquisition of…
Take-Two Shareholders Are No Better Off
Dissident institutional investors have taken over Take-Two Interactive (TTWO). They have fired the CEO and put in new management. The process of putting the company into play and the general recovery of video game…
Sony Playstation Finally Show Signs Of Life
Sony’s (SNE) new Playstation 3 sold 600,000 copies in the first two days it was available in Europe. In its first full month of sales in Europe, Microsoft (MSFT) Xbox sold 500,000 units and…