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ArchiveCasino Stocks Have Game As Macau Revenue Surges (LVS, WYNN, MPEL, MGM, BYD, FLL, ISLE)Posted by Todd Shriber at 12:24PM on February 1st
Gamblers continue to flock to Macau, the Chinese island that is the largest gambling center in the world, sending gaming revenue there up 33% in January to $2.3 billion. The news has been greeted warmly and the Casino Stocks Index…  Flurry Of Good News Boosts Casino Stocks (WYNN, LVS, MPEL, PNK, MGM, ISLE, BYD)Posted by Jason Smith at 12:29PM on January 13th
News of higher gaming revenue in Macau is boosting select casino stocks and sending the Casino Stocks Index higher by 0.4% today. A recent PricewaterhouseCoppers (PwC) report is bullish on gaming revenue for the Chinese island. After Macau’s gaming revenue soared… Sands Shares In Focus As Macau Apartment Sale Approved (LVS, BYD, ISLE, MPEL, WYNN)Posted by Jason Smith at 12:23PM on December 20th
Las Vegas Sands (LVS) is higher by 3% on news that the Macau Land, Public Works and Transport Bureau is moving closer to approving the company’s plans to start selling co-op shares in an apartment building under the Four Seasons brand… Boyd Leads Mixed Casino Space After Earnings (BYD, MGM, CNTY, ASCA, ISLE, LVS, PENN, MGM)Posted by Jason Smith at 2:17PM on October 25th
Boyd Gaming (BYD) led the casino sector on Monday after the firm posted its third-quarter earnings. Quarterly earnings slipped to $5.6 million, or 6 cents per share, from $6.3 million, or 7 cents per share, in the same period last year.… Casino Shares Heating Up, But Peripheral Plays Could Outperform (LVS, MGM, BYD, PNK, ISLE, MPEL, WYNN, PENN, WMS, BYI, IGT, SGMS)Posted by Owen Vater at 10:47AM on September 30th
The casino sector is picking up speed with select components gaining more than 10% in the past five sessions, but according to yesterday’s ratings from Wells Fargo, select gaming machine firms that could outperform. Wells Fargo started a slew of Casino… Analysts Agree On Melco Crown Price Target, Differ on Rating (MPEL, LVS, WYNN, MGM, ASCA, BYD, ISLE, NYNY)Posted by Jason Smith at 2:07PM on September 9th
J.P. Morgan downgraded Macau casino operator Melco Crown Entertainment (MPEL) to Neutral from Overweight this morning, countering a reverse move to Overweight from Equal Weight at Morgan Stanley a week ago. Currently both firms have a $5 price target on the… It’s Not All Vegas and Macau For Casino Stocks (PENN, BP, ISLE, ASCA, BYD, PNK, FLL, MCRI)Posted by Owen Vater at 9:50AM on August 24th
Las Vegas, Macau, and even Atlantic City are most often considered the primary drivers of the gambling sector, and while that may be the case, one analyst broke out some interesting numbers on Mississippi’s impact on a handful of small-caps.… Pros’ Favorite Casino Shares Deliver Mixed Returns (NYNY, LVS, MGM, BYD, MPEL, WYNN, ISLE, PNK)Posted by Owen Vater at 9:41AM on August 20th
The casino sector has struggled to emerge from its post-recession slump, and while business is booming in Macau, exposure to China’s gambling hot spot by no means guarantees equity gains. As of this week, investors are privy to the top… World Cup Fever Distracts Macau Gamblers (MPEL, MGM, WYNN, LVS, BYD, ISLE, PENN)Posted by Max Magee at 9:12AM on July 2nd
The World Cup in South Africa was expected to generate plenty of excitement on the field. The event has certainly lived up to the hype (the U.S. team’s frustrations aside), but reports suggest that soccer fever may have significantly dampened… Paulson Betting Big On Gambling Rebound (MGM, BYD, MPEL, FLL, LVS, MCRI, ASCA, ISLE, WYNN, GLD, AU, KGC)Posted by Owen Vater at 1:30PM on June 4th
Hedge fund billionaire John Paulson got the casino sector’s attention when he disclosed stakes in MGM Mirage (MGM) and Boyd Gaming (BYD) last month, and according to recent reports his fund just picked up a 9.9% stake in privately held Harrah’s Entertainment.…   |
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