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…
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…
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…
courtesy of Facebook Inc.Apple Inc’s (NASDAQ: AAPL) CEO Tim Cook says he expects the company to release more innovative devices. (Reuters) Investors are worried about why the Procter & Gamble Co. (NYSE:…
Jon OggInvestors often see the analyst upgrades and big buy ratings from Wall Street firms, but they do not always get to see when these firms say to sell or avoid a…
ThinkstockThe first legal online gambling site in the U.S. launched today, ultimatepoker.com, a majority-owned subsidiary of Station Casinos LLC. In order to play, though, you must be able to prove that you…
thinkstockHere are today’s five biggest gaining stocks at closing: Superconductor Technologies Inc. (NASDAQ: SCON) is up 134.9% at $5.45. MEMSIC Inc. (NASDAQ: MEMS) is up 50.8% at $4.07. Ceasars Entertainment Corp. (NASDAQ:…
ThinkstockToday’s launch of real-money gambling in the United Kingdom has sent shares of Zynga Inc. (NASDAQ: ZNGA) soaring this morning. The anticipated launch in a partnership with Bwin.party Digital Entertainment is viewed…
ThinkstockAs Washington tries to find its way out of increasing debt, the debate continues over whether American companies should pay more or less in taxes. Meanwhile, some of the largest U.S. public…
ThinkstockWe noted last Friday the impact on some stocks following Nevada’s enactment of legislation permitting online gambling in the state. Now a state with just 3 million people is not likely to…
U.S. equity markets opened higher this morning boosted by higher-than-expected trade balances in China (more coverage here) and in the U.S. (more coverage here). In Europe the big news came later in…
ThinkstockIn its latest report on gambling revenues in the state, the Nevada Gaming Commission said that total revenue for October 2012 came in at $979 million, up 1.9% compared with October 2011.…
U.S. equity markets opened higher following a spate of moderately good news on U.S. employment. The ADP report showed job gains (more coverage here), and the report on new claims for unemployment…
ThinkstockCeasars Entertainment Corp. (NASDAQ: CZR) reported third-quarter 2012 results after markets closed today. For the quarter, the casino and resort owner posted a diluted earnings per share (EPS) loss of $4.03 on…
Paul Ausick U.S. equity markets re-opened for business in New York this morning after a two-day shutdown forced by Hurricane Sandy. Markets opened higher, but lost their energy by mid-morning. Asian markets were higher…
