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…
courtesy of WynnResorts.comIt looks like Wynn Resorts Ltd. (NASDAQ: WYNN) is going to keep its high-end domestic growth ambitions localized to Las Vegas, Nevada. Even if it wants to expand domestically, it…
Jon C. Ogg ThinkstockApparently things continue to improve in the world of Macau casinos. A new report from Sterne Agee’s David Bain is raising expectations for the leaders such as Melco Crown Entertainment Ltd. (NASDAQ:…
ThinkstockSFX Entertainment Inc. (NASDAQ: SFXE) held its initial public offering (IPO) Wednesday morning, selling about 3.8 million shares at an IPO price of $13, the top of its proposed range of $11…
Paul Ausick Jon OggInvestors and traders alike are stuck trying to determine what to do with their stocks during a government shutdown and ahead of the debt ceiling debate. Each morning 24/7 Wall St.…
ThinkstockFor the past year and a half, top hotel, restaurant and leisure stocks have surged on investor interest and very positive sentiment from Wall Street analysts. In a research report out today, the…
ThinkstockThe former Portuguese colony of Macau generates about six times the gambling revenue of Las Vegas and now a Macau-based company is going after a piece of the action. U.S.-based casino operators…
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…
ThinkstockWynn Resorts Ltd. (NASDAQ: WYNN) reported second-quarter 2013 results before markets opened this morning. The casino and resort operator posted adjusted diluted earnings per share (EPS) of $1.51 on revenues of $1.33…
Paul Ausick July 26, 2013: U.S. equity markets opened lower this morning on a day when the only U.S. economic data of note was the revised University of Michigan/Thomson Reuters consumer sentiment index, which…
July 11, 2013: U.S. equity markets opened higher this morning, cheered by Fed Chairman Ben Bernanke’s speech after markets closed night. In Asia, the Shanghai exchange soared 3.2%, even though there was…
These are the top analyst downgrades, cautious research notes and stocks to sell from Wall Street for Thursday, July 11, 2013. They include Wynn Resorts, Avago Technologies, Transocean and Lululemon.
ThinkstockLas Vegas Sands Corp. (NYSE: LVS) reported first-quarter 2013 results after markets closed today. For the quarter, the casino and resort operator posted adjusted diluted earnings per share (EPS) of $0.71 on…
U.S. equity markets opened lower this morning after hearing that U.S. GDP growth in the first quarter came in at 2.5%, well below the expected 3.1% (more coverage here). U.S. consumer sentiment…
