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Stock Market & Financial Investment News

News Breaks
February 6, 2013
09:58 EDTWYNN, LVS, MPELCasino 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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November 21, 2014
09:36 EDTLVSActive equity options trading
Active equity options trading according to Track Data: AAPL AMZN TSLA BIDU CLF DOW LVS BABA TWTR GILD
05:41 EDTWYNNStocks with implied volatility movement; ARCP WYNN
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November 20, 2014
14:54 EDTWYNN, LVSWynn Resorts probed by several agencies on money laundering controls, WSJ says
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14:42 EDTWYNNWynn Resorts probed by IRS over money-laundering controls, DJ says
Dow Jones cites sources on Wynn being probed and notes that the company said it is not aware of any investigation.
November 18, 2014
07:29 EDTLVSDeutsche Bank to hold a conference
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November 14, 2014
12:53 EDTMPELOmega Advisors gives quarterly update on stakes
NEW STAKES: AerCap Holdings (AER), Nordic American Offshore (NAO), Melco Crown Entertainment (MPEL), Groupon (GRPN), and Ashland (ASH). INCREASED STAKES: QEP Resources (QEP), United Continental (UAL), Cabot Oil & Gas (COG), Actavis (ACT), and KAR Auction Services (KAR). DECREASED STAKES: Sprint (S), SandRidge Energy (SD), Sirius XM Holdings (SIRI), Kinder Morgan (KMI), and Transocean (RIG). LIQUIDATED STAKES: QUALCOMM (QCOM), Ocwen Financial (OCN), Freeport-McMoRan (FCX), Boston Scientific (BSX), and Capital One (COF).
November 13, 2014
14:05 EDTWYNN, LVSNew Jersey reports Atlantic City gaming win down 4.4% to $207.23M
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08:56 EDTWYNN, MPEL, LVSMacau to ask for eased restrictions on RMB conversion, Macau Business Daily says
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