Based on industry figures, Las Vegas casinos will only bring in about $4.8 billion this year. Receipts in Macau rose 22% to $3.8 billion in the third quarter. While casino companies lose…
Douglas A. McIntyre Updated throughout the day. Updated 3.14 PM EST: STIC (NASDAQ:STIC) dropping on rumors that Sun (NASDAQ:JAVA) database applications may hurt STIC sales (Barron’s) Updated 3.11 PM EST: Level 3 (NASDAQ:LVLT) is surging…
News out of Macau, China is crushing some of the gambling stocks that have direct operations in Macau. It looks like the Chinese are considering curbing the number of gambling tables, the…
Reuters:Â Â Chinese investors are holding a large amount of gold. Reuters:Â Â Bernanke sees tighter policies as the economy improves. Reuters:Â Â The Congressional Oversight Panel says that the US plan to help homeowners…
Updated throughout the day. Updated 2:44 Dell Inc. (NYSE: DELL) will launch a branded Android smartphone thru AT&T Inc. (NYSE: T) and possibly other carriers next year. Source today is from WSJ,…
Reuters:  Ken Lewis will step down as CEO of Bank of America (BAC) Reuters:  Cisco (CSCO) bought Tandbeg  for $3 billion. Reuters:  The IMF raised forecasts for US GDP but warned on…
Reuters:Â Â China celebrated 60 years of communist rule as a capitalist economy. Reuters:Â Â The IMF cut global debt write-offs to $3.4 trillion. Reuters:Â Â CIT (CIT) is close to a deal to give…
Reuters:Â Â Obama is asking the G 20 to reshape the global economy. Reuters:Â Â Congress will demand details of the Bank of America/Merrill Lynch deal. Reuters:Â Â Holiday spending is expected to be flat.…
There are still many upgrades coming considering the light and shortened week. These are this Wednesday’s top early bird analyst upgrades and positive research calls that we have seen: Capital One (COF)…
Reuters:Â Â A bubble may be forming in the corporate bond market. Reuters:Â Â Wall St. firms have made $1 billion on the break up of AIG (AIG). Morgan Stanley(MS), Goldman Sachs (GS), JP…
Today we had earnings from casino rivals Wynn Resorts Ltd. (NASDAQ: WYNN) and Las Vegas Sands Corp. (NYSE: LVS). While many consider these companies very similar for having higher-end operations and Macau…
We have two very pertinent earnings this week for casino and resort investors from rivals Wynn Resorts, Limited (NASDAQ: WYNN) and Las Vegas Sands Corp. (NYSE: LVS). Wynn will release results for…
Reuters:  A tech alliance between China and Taiwas is hurting Korea. Reuters:  Spple (AAPL) easily beat forecasts. Reuters:  CIT (CIT) still faces a number of financial challenges. Reuters:  Yahoo!’s (YHOO) outlook was…
Reuters:Â Â Microsoft (MSFT) is putting more R&D in India. Reuters:Â Â CIT (CIT) confirmed that it rasied $3 billion. Reuters:Â Â Bernanke said Fed can control inflation. Reuters:Â Â California lawmakers agreed to a state…
Las Vegas Sands Corp. (NYSE: LVS) has been all over the news today on reports that the company may conduct an initial public offering for its Macau assets. The company would like…
