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Stock Market & Financial Investment News

News Breaks
June 9, 2014
10:07 EDTWYNMF, MGM, MPEL, WYNN, LVSJune Macau gaming revenue trending below estimate, says Wells Fargo
Wells Fargo says that based on its channel checks through June 8, June Macau gaming revenue growth is trending between 1%-5% year-over-year compared to its estimate of up 6.5%. The firm says that while it remains positive on the longer-term growth in Macau, 2014 could be "choppy" given the potential slowdown in VIP driven by decelerating credit growth and a softer macro environment. Wells still views Las Vegas Sands (LVS) as its top pick in the space. Note Union Gaming Research today downgraded shares of Melco Crown (MPEL), Wynn Macau (WYNMF) and others in the space.
News For LVS;MPEL;WYNMF;WYNN;MGM From The Last 14 Days
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August 28, 2015
09:34 EDTWYNN, MGM, LVSNevada reports July statewide gaming win down 0.96% to $922.89M
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August 27, 2015
06:03 EDTWYNNWynn Resorts implied volatility of 63 at upper end of index
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August 21, 2015
16:01 EDTLVSOptions Update; August 21, 2015
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07:17 EDTWYNN, MPEL, LVS, MGMMacau developments negative, says Wells Fargo
Wells Fargo says that its checks on Macau for August indicate that the region's revenues are trending flat to down this month. According to Wells, in August the region's revenues are historically up 4% versus July. The firm adds that comments by Macau casino owner Galaxy suggest that the market has not yet bottomed. Wells believes that the market has not yet stabilized and remains neutral on Macau stocks, although it remains upbeat on their long-term outlook. Publicly traded companies in the Macau gaming space include Las Vegas Sands (LVS), MGM Resorts (MGM), Melco Crown (MPEL) and Wynn Resorts (WYNN).
August 18, 2015
07:13 EDTMPEL, WYNN, MGM, LVSMacau GGR poised to sink 37% in August, says Bernstein
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