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Stock Market & Financial Investment News

News Breaks
March 28, 2012
11:36 EDTMGM, ASCAAmeristar has improved chance to win Massachusetts license, says Imperial
Imperial Capital believes Ameristar Casinos (ASCA) has an improved chance to win a gaming license in Massachusetts after MGM Resorts (MGM) announced that it was ending its development proposal for Western Massachusetts. The firm notes Ameristar has acquired a site in the town of Springfield and was going to compete with MGM Resorts for the Western Massachusetts license. However, Imperial notes the timing of gaming licenses could be later than expected after the Massachusetts Gaming Commission officials indicated yesterday that it could take 18-24 months to evaluate all applications for the three gaming licenses.
News For ASCA;MGM From The Last 14 Days
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August 31, 2015
05:37 EDTMGMHulu, Epix announce extensive multi-year agreement
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August 28, 2015
09:34 EDTMGMNevada reports July statewide gaming win down 0.96% to $922.89M
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August 21, 2015
07:17 EDTMGMMacau developments negative, says Wells Fargo
Wells Fargo says that its checks on Macau for August indicate that the region's revenues are trending flat to down this month. According to Wells, in August the region's revenues are historically up 4% versus July. The firm adds that comments by Macau casino owner Galaxy suggest that the market has not yet bottomed. Wells believes that the market has not yet stabilized and remains neutral on Macau stocks, although it remains upbeat on their long-term outlook. Publicly traded companies in the Macau gaming space include Las Vegas Sands (LVS), MGM Resorts (MGM), Melco Crown (MPEL) and Wynn Resorts (WYNN).
August 18, 2015
07:13 EDTMGMMacau GGR poised to sink 37% in August, says Bernstein
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