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Macau, Singapore Bolster Las Vegas Q2 Profit (LVS, BYD, MGM, MPEL, ISLE, WYNN)

Posted by Todd Shriber at 11:44AM on July 27th

Shares of Las Vegas Sands (LVS), the operator of the Palazzo and Venetian resorts, are up 3% after the company posted a second-quarter profit of $367.6 million, or 45 cents a share, compared with a net loss of $4.7 million, or…

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Nevada Gaming Revenue Jumps, But Casino Stocks Don’t Follow Suit (LVS, MGM, WYNN, PENN, BYD)

Posted by Todd Shriber at 12:44PM on July 11th

Shares of Las Vegas Sands (LVS), the operator of the Palazzo and Venetian resorts and the largest U.S. casino operator by market value, are down 3% today despite news that Nevada’s gambling revenue surged 16% in May, the largest monthly increase…

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Brean Murray Says Roll The Dice On A Pair Of Casino Stocks (WYNN, LVS, MGM, BYD, ISLE, PENN)

Posted by Todd Shriber at 11:51AM on July 7th

Shares of Wynn Resorts (WYNN), the operator of the Encore and Wynn resorts in Las Vegas, are soaring 3% today after Brean Murray initiated coverage of the stock with a “buy” rating and a $175 price target, a level that offers…

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Wynn Wants In On Singapore…Big Time (WYNN, LVS, MGM, BYD, ISLE)

Posted by Todd Shriber at 12:30PM on June 20th

Shares of Wynn Resorts (WYNN), the owner and operator of the Encore and Wynn resorts in Las Vegas, are up 2% after Chairman and CEO Steve Wynn said he is anxious for his company to enter Singapore, the Asian city-state that…

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Las Vegas Sands Dealt A Bad Hand On Singapore Mall Sale (LVS, MGM, MPEL, WYNN, BYD, ISLE)

Posted by Todd Shriber at 12:50PM on June 16th

Shares of Las Vegas Sands (LVS), the operator of the Palazzo and Venetian resorts, are down 1% on news Singapore’s tourism authority will block the company from selling the shopping mall at its casino in the country until after March 2017.…

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Analysts Betting on Casinos Abroad and Close to Home (WYNN, MGM, PNK, ASCA, NYNY, BYD)

Posted by Jason Smith at 10:29AM on June 14th

Booming gambling venues in Asia continue to be the primary driver in the casino sector, as yet another analyst has raised its outlook on U.S. casino firms with Asia exposure.

Overall, the Casino Stocks Index is up 2%, with strong moves…

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Time To Gamble On MGM? (MGM, WYNN, LVS, MPEL, PENN)

Posted by Jason Smith at 11:44AM on June 13th

Shares of casino operator MGM Resorts International (MGM) are soaring 2% today after Bernstein upgraded the stock to “outperform” from “market perform” while boosting its price target on the stock to $17 from $15, citing the company’s growth potential in Macau,…

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Las Vegas Sands Eyes Asia For Growth (LVS, MGM, WYNN, BYI, IGT, WMS)

Posted by Todd Shriber at 12:39PM on June 8th

Shares of Las Vegas Sands (LVS), owner of the Palazzo and Venetian casinos in Las Vegas and the world’s most valuable casino operator, are flat on the day, but the company’s plans for expansion in Asia are anything but flat. Speaking…

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Paulson Hit Hard As Key Investment Plunges (SNOFF, CCME, MGM, APC, BAC, C, GLD)

Posted by Todd Shriber at 11:43AM on June 3rd

Shares of Sino-Forest Corporation (SNOFF) are plunging 16% today after the Toronto-listed Chinese forestry firm slid as much as 25% in Canadian trading yesterday following allegations by a short seller that the company overstated its timberland holdings and output in China.…

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May Gambling Revenue In Macau Could Set Record (LVS, WYNN, MPEL, MGM, BYD, ISLE)

Posted by Jason Smith at 12:05PM on June 1st

Shares of Las Vegas Sands (LVS), the operator of the Palazzo and Venetian casinos, are soaring 3% today on news that May gambling revenue on the Chinese island of Macau may have surged to a record, topping $3 billion for the…

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