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Stock Market & Financial Investment News

News Breaks
January 8, 2014
07:52 EDTMPEL, WYNN, LVS, MGMGaming estimates, price targets raised at JPMorgan
JPMorgan raised its earnings estimates for companies in the Gaming space citing better than previously forecasted growth for Macau in 2014. The firm raised its price target for Las Vegas Sands (LVS) to $89 from $80, for Melco Crown (MPEL) to $50 from $40, for MGM Resorts (MGM) to $29 from $26, and for Wynn Resorts (WYNN) to $229 from $186. The firm calls MGM and Las Vegas Sands its top picks in the space and keeps Overweight ratings on all four names.
News For LVS;MPEL;MGM;WYNN From The Last 14 Days
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September 2, 2014
16:00 EDTLVSOptions Update; September 2, 2014
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15:04 EDTWYNNWynn Resorts breaks important support, levels to watch
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14:16 EDTMPEL, WYNN, MGM, LVSMacau casinos retreat after revenue downturn accelerates
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09:41 EDTWYNNActive equity options trading on open
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07:02 EDTMPEL, WYNN, LVS, MGMMacau reports August casino revenue down 6.1% to 28.88B patacas
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August 28, 2014
09:32 EDTLVS, MGM, WYNNNevada 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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