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News Breaks
October 4, 2012
07:13 EDTCZR, LVS, WYNNMacau gambling revenue declined in September, Reuters reports
Gambling revenue in Macau increased a weaker-than-expected 12.3% in September to $2.99B, according to the Macau government, the second weakest revenue figure this year, reports Reuters. Reference Link
News For CZR;WYNN;LVS From The Last 14 Days
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October 2, 2015
06:01 EDTWYNNWynn Resorts implied volatility of 66 at upper end of index mean range
September 30, 2015
10:36 EDTCZROptions with increasing implied volatility
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09:31 EDTLVS, CZR, WYNNLas Vegas reports August gaming win down 1.4% to $908.24M
Las Vegas strip August gaming win fell 4.7% to $527.38M. Publicly traded companies in the casino space include Boyd Gaming (BYD), Caesars (CZR), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN) and Wynn Resorts (WYNN).
07:42 EDTLVS, WYNNMacau casinos have new concern with junket embezzlement scandal, WSJ says
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07:35 EDTWYNNWynn Resorts unsure when Macau VIP rebound will occur, says Stifel
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07:07 EDTWYNNDeutsche Bank to hold a conference
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September 29, 2015
10:48 EDTCZROptions with increasing implied volatility
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06:53 EDTLVS, WYNNMacau casino shares drop as Neptune warns of VIP gamers, Reuters says
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06:07 EDTWYNNInternational Game applications to be installed at Wynn Las Vegas
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September 28, 2015
15:37 EDTWYNN, LVSLas Vegas Sands abandons plans for South Florida casino, LVRJ says
Las Vegas Sands' (LVS) senior vice president of government relations confirmed published reports that the company has abandoned its effort to build a casino-resort in South Florida, reported the Las Vegas Review Journal. The report, which noted that Wynn Resorts (WYNN), MGM Resorts (MGM), Boyd Gaming (BYD) and Genting Berhad were also involved in the Florida efforts, said that Sands will now focus its attention on a potential development in Georgia. Reference Link
10:20 EDTCZROptions with increasing implied volatility
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07:50 EDTLVS, WYNNUBS and Deutsche Bank to co-host a forum
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September 25, 2015
12:38 EDTCZROptions with increasing implied volatility
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September 24, 2015
16:14 EDTCZROn The Fly: Top stock stories for Thursday
Stock futures were weak in early pre-market trading and the negative bias was cemented when Dow member Caterpillar (CAT) announced restructuring actions, including plans to cut as many as 10,000 jobs, and slashed its revenue guidance for this fiscal year and next. For most of the day the sellers remained in control, pushing the market down more than 1.5% at one point. In the afternoon, though, the buyers came in and began to pick up perceived bargains, paring the market's losses. The averages closed well off their worst levels, but still in the red, ahead of a much-anticipated speech this evening from Fed Chair Janet Yellen. ECONOMIC EVENTS: In the U.S., there were 267,000 initial jobless claims last week, versus expectations for 272,000 first-time claims. Durable goods orders for August declined 2.0%, versus expectations for a drop of 2.3%. When transportation items were removed, the core reading was breakeven, versus expectations for a rise of 0.1%. The Chicago Fed National Activity Index had a reading of -0.41, versus expectations of +0.24. New home sales jumped 5.7% in August to a 552,000 rate, versus expectations for a rise of 1.6% to a 515,000 rate. In Asia, Japan's stock market reopened for the first time since Friday and the Nikkei suffered a nearly 3% decline as it caught up to other global markets. The slide came despite Japanese Prime Minister Shinzo Abe unveiling new economic targets, including a goal for a 20% increase in the target size of the Japanese economy to 600T yen, though he gave no timeframe for achieving this aspiration. Elsewhere, Norway and Taiwan both cut interest rates this morning. The Norges Bank lowered rates by 25 basis points to 0.75%, while Taiwan cut its benchmark by 12.5 basis points to 1.75% in the nation's first lowering of rates since 2009. COMPANY NEWS: Shares of Caterpillar fell $4.40, or 6.27%, to $65.80 after the heavy machinery maker announced plans for job cuts and lowered its revenue guidance for this year and next. Caterpillar said that it would lay off 4,000-5,000 of its employees between now and the end of 2016 and could lay off up to 10,000 employees by 2018. Caterpillar cut its fiscal year 2015 revenue forecast by $1B and said its sees its fiscal year 2016 revenue to be 5% below this year, adding that it expects revenue declines in all three large segments next year. Before the news was announced, research firm Axiom initiated coverage of Caterpillar with a Sell rating and $28 price target, projecting that the company's calendar 2016 earnings will fall well below the Street consensus view. Other mining and agriculture equipment makers were also weaker following the Dow member's announcement, with Joy Global (JOY) falling 1% and Deere (DE) dropping 2.5%. MAJOR MOVERS: Among the notable gainers was STERIS (STE), which advanced $5.05, or 8.02%, to $68.00 after the Federal Trade Commission was denied an injunction to stop the company's proposed merger with Synergy. Also higher was Diamond Foods (DMND), which gained $2.98, or 9.72%, to $33.65 after dealReporter said the company has held talks with strategic suitors as it explores a potential sale. Among the noteworthy losers was Sientra (SIEN), which crashed $10.88, or 52.87%, to $9.70 after a U.K. regulator suspended the CE certificate for all medical devices made by Silimed, the company's contracted manufacturer. Also lower was Caesars (CZR), which fell 6.6% to $7.51 after Bloomberg reported that the company has reached an impasse in talks with certain junior bondholders and creditors involved in the ongoing restructuring of its operating unit. INDEXES: The Dow fell 78.57, or 0.48%, to 16,201.32, the Nasdaq dropped 18.27, or 0.38%, to 4,734.48, and the S&P 500 lost 6.52, or 0.34%, to 1,932.24.
13:06 EDTCZRCaesars and debtholders reach impasse in talks, Bloomberg says
Caesars and a committee of junior bondholders who are asking for approximately $2B more than the casino operator has offered have reached an impasse in talks, according to an earlier Bloomberg report. Caesars also has lost the support of another group of creditors who refuse to extend the deadline for a proposed deal to restructure the company's insolvent subsidiary, added Bloomberg. Shares of Caesars are almost 14% lower in afternoon trading. Reference Link
11:08 EDTCZROptions with increasing implied volatility
Options with increasing implied volatility: PTCT CZR KITE HZNP NAV CREE VRX PNK
07:40 EDTWYNNWynn Resorts volatility increases as shares trend lower
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September 23, 2015
15:44 EDTWYNN52-week low stocks with active options: WYNN SNCR PX MON MOS DECK
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September 22, 2015
12:53 EDTWYNNWynn Interactive withdraws license application for NJ online gambling, AP says
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September 20, 2015
13:20 EDTWYNNWynn Resorts shares may more than double, Barron's says
After being "overly punished" by China-related fears, shares of Wynn Resorts could "more than double from here," Barron's contends in a 'CEO Spotlight' column. In regards to the company's operations in Macau and plans for a new resort near Boston, Wynn Resorts chairman and CEO Steve Wynn told the publication, "I don't want to stop anything." Wynn added, "The future of our business in China is secure because we are creating jobs and doing what the government wanted -- making Macau an international tourist destination." Reference Link
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