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…
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,…
courtesy of YouTubeWalt Disney Co. (NYSE: DIS) buys Lucasfilm for $4.05 billion. (Reuters) Many members of the Greek parliament will vote in favor of austerity measures. (Reuters) Chrysler will not move Jeep…
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.…
Shares of Caesars Entertainment Corporation (NASADAQ: CZR) fell 6.15% to close at $7.32 on trading volume of 595,000 shares. Standard & Poor’s has downgraded the company’s rating from stable to negative, but reaffirmed its B-…
Short sellers have not unilaterally increased their bets against casinos, but there was a rise in the short interest in this sector’s leaders on the August 15 settlement date versus the July 31…
The three major US stock indexes opened lower this morning after Japan reported an unexpected plunge in its exports in July (our coverage here). In Europe there was not economic news out…
Jon OggThese are the top analyst calls of upgrades, downgrades and initiations we have seen from Wall St. research calls this Wednesday morning. AES Corp. (NYSE: AES) named Bear of the Day…
You have probably seen that the casinos have sold way off of their highs as the economy has softened. Las Vegas gambling revenues were lower in recent data and word of a…
In its latest report on gambling revenues in the state, the Nevada Gaming Commission said that total revenue for June 2012 came in at $832.5 million, down -6% compared with June 2011.…
The three major US stock indexes opened higher this morning on a report from Europe that German chancellor Angela Merkel now backs bond buying by the European Central Bank.Even a larger-than-expected drop…
The three major US stock indexes opened higher this morning most likely due to the lack of bad news on the Eurozone’s financial troubles (more coverage here). Asian markets got a chance…
