New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 12, 2014
04:55 EDTIGT, IGT, IGT, MGM, MGM, MGM, MNTG, MNTG, MNTG, MCRI, MCRI, MCRI, GLPI, GLPI, GLPI, SGMS, SGMS, SGMS, BYI, BYI, BYI, PENN, PENN, PENN, BYD, BYD, BYD, CHDN, CHDN, CHDN, PNK, PNK, PNK, ISLE, ISLE, ISLEWells Fargo to hold a conference
5th Annual Wells Fargo Gaming Conference to be held in Las Vegas on May 12-14.
News For IGT;PNK;CHDN;BYD;PENN;BYI;SGMS;GLPI;MCRI;MNTG;MGM;ISLE From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
September 25, 2014
08:55 EDTGLPIGaming and Leisure Properties management to meet with Deutsche Bank
Subscribe for More Information
06:41 EDTPENNBarclays remains positive on Penn National
Barclays said gaming repeal efforts are subsiding in Massachusetts and upcoming catalysts for Penn National are not being reflected in shares. The analyst remains positive on Penn National's outlook and expects the opening of 1250 slots at Plainridge Park in June 2015 could add $3 per share in valuation and potential permitting and construction delays for Wynn (WYNN) could give Penn a head start. Lastly, Barclays believes the Hollywood Jamui project expected in 2016 could add $2 per share in valuation. Shares are Overweight rated.
September 23, 2014
16:11 EDTIGTInternational Game and GTECH amend merger agreement
International Game Technology and GTECH S.p.A. announced that they have amended their previously announced merger agreement dated July 15. IGT and GTECH entered into the amendment with the overall intent of improving the timing and certainty of completion of the transaction in the interests of both companies and their shareholders. The amendment relieves IGT of additional regulatory and disclosure requirements, which were expected to delay the completion of the transaction. The amendment also reflects a reduced number of required approvals from gaming regulators as a condition precedent to closing. While the aggregate amount of stock and cash to be paid to IGT shareholders has remained unchanged, the amendment eliminates the mechanism for IGT shareholders to elect all-stock, all-cash consideration, or a mixed election, subject to proration. Upon completion of the merger, all IGT shareholders will receive the mixed consideration described in the merger agreement. As previously disclosed, this consists of a combination of $13.69 in cash plus a number of ordinary shares of a newly formed U.K. holding company equal to $4.56 divided by a calculation of the dollar value of GTECH shares prior to the transaction closing, subject to adjustments and limitations set forth in the merger agreement.
08:45 EDTBYDBofA/Merrill China and U.S. auto analysts hold analyst/industry conference call
Subscribe for More Information
06:02 EDTIGTInternational Game partners with Ellen DeGeneres Show for new video slot machine
Subscribe for More Information
September 22, 2014
07:37 EDTMGMLarge-Cap Gaming sector downgraded at Wells Fargo
Wells Fargo downgraded the Large-Cap Gaming sector to Market Weight from Overweight while cutting its ratings on Las Vegas Sands (LVS), Wynn Resorts (WYNN) and Melco Crown (MPEL) to Market Perform from Outperform. Wells believes near-term uncertainty in Macau has increased, making the risk/reward on shares balanced for the next 6-12 months. The firm thinks second half of 2014 and 2015 EBITDA estimates still need to come down another 10%. Wells cuts its price target range for Las Vegas Sands to $60-$70 from $80-$85, for Wynn to $180-$200 from $245-$250 and for Melco to $28-$31 from $38-$40. The firm keeps a Market Perform rating on MGM Resorts (MGM) with a slightly reduced price target range of $23-$26.
September 19, 2014
10:06 EDTMGMOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
07:29 EDTMGMMGM Resorts downgraded to Hold from Buy at Argus
Argus downgraded MGM Resorts based on disappointing Macau gaming revenue.
07:03 EDTPENNPenn National names CEO Timothy Wilmott to board of directors
Subscribe for More Information
06:07 EDTMNTGEmrise Corporation completes merger with MTR Gaming
Subscribe for More Information
September 18, 2014
12:11 EDTCHDNThree Bays Capital reports 5.3% passive stake in Churchill Downs
Subscribe for More Information
06:47 EDTMGMMacau stocks getting closer to bottom, says JPMorgan
JPMorgan says most Macau stocks have a 2:1 upside/downside ratio, making the risk/rewards favorable. The firm prefers MGM Resorts (MGM) and Wynn Resorts (WYNN) over Melco Crown (MPEL) and Las Vegas Sands (LVS) in the near-term, but keeps Overweight ratings on all four names. JPMorgan lowered its price target for Las Vegas Sands to $69 from $83, for Melco to $31 from $40, for MGM to $30 from $31 and for Wynn to $210 from $239. The firm says the stocks are getting closer to a bottom.
September 17, 2014
16:35 EDTMNTGMTR Gaming, Eldorado HoldCo receive approval for proposed merger
Subscribe for More Information
07:35 EDTBYDImperial Capital to hold a conference
Subscribe for More Information
September 16, 2014
17:03 EDTBYDBoyd Gaming reaffirms FY14 total adjusted EBITDA view $580M-$600M
17:02 EDTBYDBoyd Gaming COO Paul Chakmak to leave company
Subscribe for More Information
13:52 EDTMGMMacau casino owners drop after negative note from analyst
Subscribe for More Information
11:22 EDTMGMMorgan Stanley sees negative revisions to Macau consensus estimates
Subscribe for More Information
10:50 EDTIGT, BYIOptions with increasing implied volatility
Subscribe for More Information
09:51 EDTMGMMGM Resorts falls, levels to watch
Subscribe for More Information
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use