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December 18, 2013
12:11 EDTMGM, LVS, WYNNGoldman analyst says Macau growth strong
Gross gaming revenue from the Chinese region of Macau is growing at an 18.4% clip this year, Goldman Sachs analyst Steven Kent wrote in a note to investors. WHAT'S NEW: Macau's gross gaming revenue, or GGR, growth has surpassed all expectations held at the beginning of the year, Kent believes. Noting that Goldman's Hong Kong analyst expects Macau's GGR to expand at a compound annual rate of 22% until 2017, Kent predicted that the region's growth would be "solid and sustainable." Las Vegas Sands (LVS) is exposed to the fastest growing segment of Macau, while MGM Resorts (MGM) and Wynn Resorts (WYNN) should also benefit from solid Macau trends, the analyst wrote. He raised his price target on Las Vegas Sands to $86 from $77, on Wynn to $201 from $183, and on MGM to $20 from $18. Kent kept Buy ratings on Las Vegas Sands and Wynn, and a Neutral rating on MGM. PRICE ACTION: In early afternoon trading, Las Vegas Sands was unchanged at $77, Wynn Resorts inched up 0.2% to $182.80, and MGM gained 0.6% to $22.35.
News For LVS;MGM;WYNN From The Last 14 Days
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April 16, 2014
11:10 EDTWYNNOptions with increasing implied volatility: YOKU HLF WYNN UA
05:52 EDTWYNNStocks with implied volatility movement; LAMR WYNN
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April 15, 2014
14:58 EDTWYNNWynn Resorts April weekly volatility elevated into Q1 and outlook
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08:01 EDTMGMMGM Resorts and Hakkasan Group form joint venture hotel management company
MGM Resorts International and Hakkasan Group announced the formation of a joint venture hotel management company, to be named MGM Hakkasan Hospitality. The strategic alliance will focus on the design, development and management of luxury non-gaming hotels, resorts and residential offerings under the Bellagio, Hakkasan, MGM Grand and SKYLOFTS brands in key international gateway cities and prime resort destinations across the globe. All of the hotel and resort projects currently under development by each group will be contributed to the joint venture, including MGM projects in the Americas, the Middle East, and Asia; and Hakkasan projects in Abu Dhabi and Dubai.
April 14, 2014
14:06 EDTLVS, WYNN, MGMNew Jersey reports March Atlantic City gaming win down 2.2% to $233.4M
New Jersey reported total gaming win from the casino hotels and Internet gaming operations was $233.4M in March, a 2.2% decline compared to the casino win for the same month of last year, including Atlantic Club. Casino win from the eleven casino hotels open in both March 2013 and 2014 decreased by 1.9%. Internet gaming win increased 15.2% for the month, from $10.3M in February to $11.9M for March. Publicly traded companies in the space include Boyd Gaming (BYD), Caesar's (CZR), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN) and Wynn Resorts (WYNN).
April 11, 2014
10:07 EDTMGMMGM Resorts volatility increases into Q1 and Macau outlook
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April 10, 2014
10:24 EDTMGM, WYNN, LVSMGM holds up amid broader downtrend after analyst recommends stock
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08:14 EDTMGMMGM Resorts weakness creates long-term buying opportunity, says Stifel
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April 9, 2014
10:33 EDTMGM, WYNN, LVSBofA/Merrill's gaming analysts hold an analyst/industry conference call
Gaming Analysts provide an industry update and outlook on an Analyst/Industry conference call. Relevant covered companies LVS, WYNN, MGM, PENN, PNK, CZR, BYD and IGT may be discussed on the Analyst/Industry conference call to be held on April 15 at 10:30 am.
April 7, 2014
16:01 EDTMGMOptions Update; April 7, 2014
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April 4, 2014
08:29 EDTLVSSands ups scrutiny of casino junkets in Macau, Bloomberg says
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