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Stock Market & Financial Investment News

News Breaks
June 26, 2014
12:01 EDTLVS, WYNN, MPEL, MGMCasino 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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September 2, 2014
09:41 EDTWYNNActive equity options trading on open
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07:02 EDTMPEL, WYNN, MGM, LVSMacau reports August casino revenue down 6.1% to 28.88B patacas
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August 28, 2014
09:32 EDTMGM, LVS, 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 EDTMGM, LVS, 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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