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Stock Market & Financial Investment News

News Breaks
April 1, 2014
10:52 EDTLVS, MGM, WYNN, MPELCasinos climb after Macau revenue jumps 13% in March
Companies that operate casinos in Macau are climbing after the Chinese city reported that revenue at its casinos surged 13% in March. WHAT'S NEW: Macau reported on its website earlier today that monthly gross revenue at its casinos jumped 13% last month compared to last year. Companies with casinos in Macau include Las Vegas Sands (LVS), MGM Resorts (MGM), Wynn Resorts (WYNN) and Melco Crown (MPEL). PRICE ACTION: In mid-morning trading, Las Vegas Sands rose 2.7% to $83, MGM gained 2.6% to $26.50, Wynn climbed 3% to $229, and Melco Crown surged 5% to $40.65.
News For LVS;MGM;WYNN;MPEL From The Last 14 Days
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August 28, 2014
09:32 EDTWYNN, LVS, MGMNevada reports July statewide gaming win up 0.65% to $931.8M
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August 26, 2014
09:50 EDTMPELOn The Fly: Analyst Upgrade Summary
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07:26 EDTLVS, MGM, WYNNMacau estimates lowered at Morgan Stanle
Morgan Stanley lowered Macau 2014 growth estimates to 6% from 12% and 2015 to 11% from 12.5% due to expectations for VIP trends to continue to deteriorate given the China macro impact and notes slowing mass growth rates.
07:21 EDTMPELMelco Crown upgraded to Overweight from Equal Weight at Morgan Stanley
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05:50 EDTLVSLas Vegas Sands receives construction permit for Parisian Macao
Las Vegas Sands announced that the company has received the government permit needed for construction on the $2.7B Parisian Macao to resume this week. The company said additional permits will be necessary as the development continues, but after undergoing a brief work stoppage, this approval enables work on the critical podium structure to restart immediately.
August 21, 2014
06:54 EDTWYNNWynn unit to spend $20M on Macau casinos design work, Macau Business says
Wynn Resorts' Wynn Macau unit is slated to spend $20.13M this year on design work for its casinos, Macau Business reports. This figure is double the amount the company originally planned. Reference Link

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