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Stock Market & Financial Investment News

News Breaks
August 30, 2013
09:34 EDTWYNN, HOT, CZR, LVS, BYD, MGMNevada reports July statewide gaming win down 8% to $925.7M
Reports July Las Vegas Strip gaming win down 14.4% to $511.4M.
News For LVS;MGM;BYD;WYNN;CZR;HOT From The Last 14 Days
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July 7, 2015
09:05 EDTHOTStarwood sells Element Denver Park Meadows to Denver Hospitality II for $15.5M
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06:13 EDTWYNNWynn Resorts implied volatility of 40 at upper end of index
July 6, 2015
06:26 EDTHOTFTC: Hotels not required to add resort fees to advertised rates, L.A. Times says
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July 2, 2015
12:11 EDTWYNN, MGM, LVSJPMorgan says Macau view largely unchanged after visa news, June numbers
JPMorgan views Macau's gaming revenue for June as modestly positive given that it was down less than the prior month and better than Street expectations. The firm also said the visa policy easing news was a surprising, but welcome, development, but that its view on the Macau names was largely unchanged following the news.
11:16 EDTLVS, WYNN, MGMUBS 'constructive' on Macau names after restrictions eased
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08:29 EDTMGM, WYNN, LVSUBS shifts from cautious stance on Macau gaming after policy change
UBS said it is taking a more constructive stance on of Macau gaming names sector as it believes the recent visa policy change lowers fears on further local tightening. The firm also cited the lowered risk of large scale downgrades in the sector and valuations that support the sector, though it noted that larger upside depends on an earnings upgrade cycle. UBS said it is unattractive to take a negative sector position given the backdrop. Publicly traded companies in the Macau gaming space include Las Vegas Sands (LVS), MGM Resorts (MGM), Melco Crown (MPEL) and Wynn Resorts (WYNN).
July 1, 2015
10:05 EDTLVSLas Vegas Sands breaks out, levels to watch
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08:10 EDTCZRCaesar's appoints Mark Frissora as President and CEO
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06:48 EDTWYNN, MGM, LVSMacau reports June casino revenue down 36.2% to 17.36B patacas
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June 30, 2015
15:17 EDTMGM, LVS, WYNNMacau visa change does not signal a change in policy, says Wells Fargo
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12:50 EDTWYNN, MGM, LVSMacau transit visa rules reversed, signal end of tightening, says BofA/Merrill
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12:44 EDTLVS, WYNN, MGMMacau appears to re-lengthen visas to 7 days, says Brean Capital
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09:35 EDTWYNNActive equity options trading on open
Active equity options trading on open: AAPL FB GILD BABA BAC MU WYNN MSFT NFLX
09:22 EDTHOTStarwood’s Aloft Brand to expand portfolio in California
Starwood Hotels & Resorts Worldwide announced that its Aloft brand will soon add yet another destination to its California portfolio with the upcoming debut of Aloft Dublin-Pleasanton. “Designed for the evolving global traveller, Aloft is a great fit for the tech-forward Dublin-Pleasanton area,” said Brian McGuinness, senior VP, Specialty Select Brands for Starwood. “As one of the fastest growing brands in the history of hospitality, Aloft offers distinctive design, accessible technologies and a buzzing social atmosphere.”
09:03 EDTBYDBoyd Gaming announecs expansion of Delta Downs racetrack casino hotel
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06:47 EDTCZRCaesar’s CEO Loveman: I faced ‘every imaginable human catastrophe,’ WSJ says
Caesar's CEO Gary Loveman defended his tenure with the company after its leveraged buyout in January 2012, saying that he faced “every imaginable human catastrophe” while on the job, including “floods, hurricanes, building collapses, murders,” the Wall Street Journal reports. “This job has made me numb,” Loveman said at a speech at Stanford University in 2012, the report says. Reference Link
06:02 EDTHOTStarwood reduced energy use by 12%
Starwood Hotels & Resorts Worldwid announced it has reduced energy use by 12.08%, carbon emissions by 16.07% and water use by 17.26% across all owned, managed and franchised properties from 2008 through 2014. The reductions stem from Starwood’s 30/20 by 20 environmental goals, launched in 2009, to cut energy use by 30% and water use by 20% by 2020 globally. In 2013, Starwood added a goal to reduce carbon emissions by 30% during the same timeframe.
June 26, 2015
09:32 EDTCZR, LVS, MGM, WYNN, BYDNevada reports May Statewide gaming win up 3.33% to $1.0B
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June 24, 2015
16:11 EDTHOTAshford Hospitality to acquire two hotels in Minneapolis for $101M
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07:03 EDTHOTStarwood, Accenture extent IT outsourcing contract
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