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…
U.S. equity markets opened higher this morning following a better-than-expected report on new jobless benefits claims in the U.S. and a mostly inline report on producer prices (more coverage here). In Europe,…
ThinkstockIn a filing with the U.S. Securities and Exchange Commission (SEC) today, investor Kirk Kerkorian’s Tracinda Corp. indicated that it may boost its stake in MGM Resorts International Inc. (NYSE: MGM) from…
Paul Ausick 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 flat to lower this morning as it waited for data on U.S. housing starts and producer price inflation. In Europe, markets got some downward signals from a higher-than-expected…
U.S. equity markets opened slightly higher this morning and managed to get within striking distance of five-year highs. There was little economic data released anywhere today, but what there was came out…
U.S. equity markets opened higher this morning even though the number of new U.S. claims for unemployment benefits rose more than expected before markets opened (more coverage here). The news was more…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen from Wall St. research firms this Thursday. Altria Group Inc. (NYSE: MO) raised to Buy at Stifel Nicolaus. American…
ThinkstockThe Hong Kong-based subsidiary of MGM Resorts International Inc. (NYSE: MGM) has received approval from the government of Macau to build a second casino and hotel on the Chinese-controlled island’s Cotai Strip.…
ThinkstockRevenue rose to $35 billion at the Chinese special administrative region of Macau in 2012, up 13.5% for the year after posting a record rise of nearly 20% in December. Predictions of…
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.…
ThinkstockShares of MGM Resorts International (NYSE: MGM) dropped this morning after the company reported a larger-than-expected loss in the third quarter. The company posted an earnings per share (EPS) loss of $0.37,…
  Short sellers have actually lightened up on their bets against the casinos and against the gambling machine makers. Perhaps the drop from the highs has taken the easy money out…
Worker productivity is among the most critical measurements used when evaluating businesses and national economies. One way to measure productivity is sales per employee. Companies that can achieve the highest revenue with…
In its latest report on gambling revenues in the state, the Nevada Gaming Commission said that total revenue for July 2012 came in at $1 billion, up 17% compared with July 2011.…
