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Stock Market & Financial Investment News

News Breaks
June 26, 2014
12:01 EDTMPEL, WYNN, MGM, LVSCasino stocks higher after Macau clarifies UnionPay terminals rule
Casino stocks are moving higher today after Macau's Secretary for the Economy and Finance, Francis Tam clarified rules for UnionPay terminals. WHAT'S NEW: Secretary Tam said jewelers and pawnshops in casinos will still be allowed to use their present China UnionPay terminals to take payments next month, according to a report from MacauBusiness. Tam added that jewelers and pawnshops would simply be prohibited from adding new card devices. PRICE ACTION: In midday trading, shares of Las Vegas Sands (LVS) are up 2.6%, Wynn Resorts (WYNN) shares are up 2.9%, Melco Crown (MPEL) shares up 4.6% and MGM Resorts International (MGM) shares are up 2.78%.
News For LVS;WYNN;MPEL;MGM From The Last 14 Days
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August 31, 2015
05:37 EDTMGMHulu, Epix announce extensive multi-year agreement
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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 EDTMPEL, MGM, LVS, WYNNMacau 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 EDTWYNN, MGM, MPEL, LVSMacau GGR poised to sink 37% in August, says Bernstein
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