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Casino Stocks Rip As China's Macau Territory Has Highest Monthly Revenue In 4 Years
Thursday, November 1, 2018 - 1:00pm | 397Read More...Casino stocks traded notably higher Thursday in reaction to encouraging data from Macau, considered to be the gaming capital of the world. What Happened Casinos operating in the Chinese hub of Macau recorded their best monthly revenue in four years, Reuters reported. As a whole, revenue for the...
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Argus: Las Vegas Locals Will Drive Boyd Gaming Higher
Wednesday, January 17, 2018 - 11:19am | 428Read More...Boyd Gaming Corporation (NYSE: BYD) is an owner and operator of gaming entertainment properties in multiple states. The company's Las Vegas properties are mostly located away from the tourist Strip area, and this is a good thing, according to Wall Street's newest bull analyst. The Analyst...
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Morgan Stanley Likes The Odds Of A Las Vegas Sands Investment
Tuesday, November 7, 2017 - 4:26pm | 390Read More...Casino stock are for the most part higher since the start of 2017, but the longer-term outlook in the important Macau gaming market remains a question mark. One of the most notable casino operators, Las Vegas Sands Corp. (NYSE: LVS) generates nearly half of its entire EBITDA in Macau. The Analyst...
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Casino Stock Investors Show Concern With Macau's 'Golden Week' Performance
Thursday, October 12, 2017 - 11:16am | 395Read More...Casino stocks are selling off in mid-morning trading on news out of Macau that Chinese travelers decided not to try their luck over the Golden Week holiday. Golden Week is a seven-day national holiday in China that occurs twice a year. The October Golden Week celebrates the National Day of the...
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VIP Strength Leads Deutsche Bank To Upgrade Wynn To Buy
Tuesday, August 15, 2017 - 11:16am | 362Read More...Analysts at Deutsche Bank turned bullish on casino operator Wynn Resorts, Limited (NASDAQ: WYNN) after a reconfiguration of the casino floor in Wynn Palace to attract more visitors is showing signs of success. The firm's Carlo Santarelli upgraded Wynn's stock rating from Hold to Buy with a price...
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2 Stocks Up 50% In 2017 That Have Further Room For Upside
Friday, July 7, 2017 - 1:04pm | 383Read More...For many investors deciding what to do with a stock that's up 50 percent in a few months is a difficult task. On the one hand, few can fault an investor for cashing in on an impressive gain but they risk selling early. Among the five S&P 500 stocks up at least 50 percent this year, CSX...
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Mayweather-McGregor Would Bring Big Money To Vegas, But Not Necessarily Casino Stocks
Wednesday, June 14, 2017 - 11:30am | 392Read More...The highly-anticipated fight between undefeated boxing star Floyd Mayweather and UFC star Conor McGregor was confirmed on Wednesday. The fight will not only benefit the pockets of Mayweather and McGregor, but should also have a huge impact on Las Vegas. The 2015 fight between Mayweather and Manny...
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Las Vegas Sands Investors: Don't Bet Against The House
Saturday, January 28, 2017 - 3:19pm | 275Read More...Shares of Las Vegas Sands Corp. (NYSE: LVS) sold off on Thursday after the company's fourth quarter earnings report consisted of a top and bottom line miss. According to Gadfly's David Fickling, there is one important lesson that holds true for casino patrons and Las Vegas Sands'...
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Macau Bet Pays Off Big Time For Las Vegas Sands
Friday, November 4, 2016 - 11:53am | 295Read More...Shares of Las Vegas Sands Corp. (NYSE: LVS) were trading higher by more than 3 percent ahead of Friday's opening bell after the casino operator reported better-than-expected third-quarter results. Thomas Allen of Morgan Stanley maintains an Equal-Weight rating on Las Vegas Sands' stock following...
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Macau Records Weakest Monthly Gaming Revenue Since 2010
Friday, July 1, 2016 - 9:40am | 467Read More...According to data released by the Macao Gaming Inspection and Coordination Bureau, gaming revenue in the month of June came in at 15.8 billion patacas, about 8.5 percent lower than June 2015’s number. The 8.5 percent decline actually beat analysts’ low consensus expectations of a 9.5...
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Boyd Gaming Says Its Newly Acquired Aliante Property Is 'An Asset Without Rival' In The Vegas Market
Friday, April 22, 2016 - 10:33am | 400Read More...Boyd Gaming Corporation (NYSE: BYD) announced on Thursday it has entered into an agreement to acquire ALST Casino Holdco, the holding company of Aliante Casino Hotel and Spa for $380 million. Aliante is an upscale, resort-style casino in Las Vegas that offers a premium style hotel accommodation,...
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Las Vegas Sands Falls 6% Following Top And Bottom Line Miss
Thursday, April 21, 2016 - 7:55am | 332Read More...Shares of Las Vegas Sands Corp. (NYSE: LVS) were trading lower by more than 7 percent early Thursday morning after the company reported its first quarter results on Wednesday. Las Vegas Sands said it earned $0.45 per share in the first quarter on revenue of $2.72 billion. Wall Street analysts...
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Pinnacle Entertainment Received Necessary Regulatory Approval To Complete Its Transaction With Gaming & Leisure Properties
Tuesday, April 19, 2016 - 8:27am | 355Read More...Pinnacle Entertainment, Inc (NASDAQ: PNK) announced after Monday's market close that it has received the necessary regulatory approval to proceed with a previously announced transaction with Gaming and Leisure Properties Inc (NASDAQ: GLPI). Related Link: Trade Idea: Watch Pinnacle, Gaming...
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Wynn's Insider Buying: Here's What You Need To Know
Thursday, April 14, 2016 - 10:46am | 504Read More...Shares of Wynn Resorts, Limited (NASDAQ: WYNN) gained more than 1.5 percent Thursday morning as investors and traders were likely encouraged by recent multiple insiders buying company shares since the start of 2016. Stephen Wynn, Wynn Resorts' CEO, acquired 71,275 shares in the open market...
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Pinnacle Entertainment Offers Q1 Sales At High End Of Estimate Range
Monday, April 11, 2016 - 9:36am | 156Read More...Pinnacle Entertainment, Inc (NASDAQ: PNK), an owner and operator of casinos and related hospitality and entertainment facilities, reported on Monday preliminary first-quarter results. Pinnacle Entertainment said that it expects its first-quarter revenue to be in a range of $577 million to $583...
