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Stock Market & Financial Investment News

News Breaks
February 6, 2013
09:58 EDTMPEL, WYNN, LVSCasino stocks fall on Macau worries
Several stocks of casino owners with facilities in Macau are dropping, after The U.K. Times reported earlier this week that China will "crack down" on Chinese companies that bring wealthy people to the gambling mecca. China is looking to stem the money laundering that occurs in Macau, and the changes will start in late February, the newspaper reported. In a note to investors earlier today, however, Sterne Agee analyst David Bain wrote that the Chinese government's initiative is unlikely to have a long-term impact on stocks. After speaking with sources on the region, Bain wrote that his contacts expect the government's moves to be "almost symbolic." The crackdown will only affect visits to Macau by wealthy Chinese citizens "on the margins," the analysts quotes his sources as saying. China is unlikely to launch major enforcement actions against money laundering, since doing so could destabilize the country's economy, wrote Bain. In early trading, Las Vegas Sands (LVS) fell 2% to $53.57, Wynn (WYNN) gave back 3% to $122, and Melco Crown (MPEL) tumbled 4.5% to $19.70.
News For LVS;WYNN;MPEL From The Last 14 Days
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December 22, 2014
05:17 EDTLVSSands China receives Macao government approval to complete Paris-themed resort
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December 19, 2014
09:04 EDTMPELMelco Crown identified as top 2015 gaming pick at Sterne Agee
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December 17, 2014
11:09 EDTWYNN, MPEL, LVSMacau gaming facts in SCMP article are not new, says JPMorgan
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10:22 EDTWYNNWynn Resorts volatility increases as shares trend to 16-month low
Wynn Resorts December call option implied volatility is at 46, January is at 41, March is at 39; compared to its 26-week average of 30 according to Track Data, suggesting large near term price movement.
10:13 EDTLVSLas Vegas Sands volatility elevated as shares pull back to 18-month low
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December 16, 2014
15:37 EDTWYNN, MPEL, LVSChina to start crackdown on illicit funds to Macau, SCMP says
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December 12, 2014
14:04 EDTLVS, WYNNAtlantic City reports November gaming win down 10.3% to $202.5M
New Jersey reported total Atlantic City gaming win from current operators for the month of November was $202.5M, compared to the $181.7M for November 2013, reflecting an 11.5% increase. Total gaming win from the industry including discontinued operators reflects a 10.3% decrease compared to $225.7M in November 2013. As of November 30, 506,172 Internet gaming accounts have been created, up 5.7% from the 479,073 accounts as of October 31. For the month, Internet Gaming Win including discontinued operators was $8.7M. 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).
December 11, 2014
09:29 EDTLVSLas Vegas Sands names Robert Goldstein as COO
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December 10, 2014
11:28 EDTWYNNWynn Resorts volatility increases as shares trend to 15-month low
Wynn Resorts December weekly call option implied volatility is at 42, December is at 35, January is at 31; compared to its 26-week average of 30 according to Track Data, suggesting large near term price movement.
11:17 EDTLVSLas Vegas Sands volatility increases as shares pull back to 16-month low
Las Vegas Sands December call option implied volatility is at 36, January is at 32; compared to its 26-week average of 28 according to Track Data, suggesting large near term price movement.
08:21 EDTWYNN, LVSFBR drops estimates, price targets for Macau names
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December 9, 2014
13:06 EDTMPELMelco Crown management to meet with Sterne Agee
Meeting to be held in New York on December 11 hosted by Sterne Agee.

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