New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
September 2, 2015
10:00 EDTWYNNOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
08:22 EDTWYNN, WYNNWynn Resorts upgraded to Buy from Outperform at CLSA
CLSA upgraded Wynn Resorts to Buy from Outperform based on share underperformance and lowered its price target to $104 from $117 on shares.
September 1, 2015
07:03 EDTLVS, MPEL, WYNNMacau reports August casino revenue down 35.5% to 18.62B patacas
Information on monthly gross revenue from games of fortune published on Macau government website. Publicly traded companies in the Macau gaming space include Las Vegas Sands (LVS), MGM Resorts (MGM), Melco Crown (MPEL) and Wynn Resorts (WYNN).
August 28, 2015
09:34 EDTLVS, WYNNNevada reports July statewide gaming win down 0.96% to $922.89M
Subscribe for More Information
August 27, 2015
06:03 EDTWYNNWynn Resorts implied volatility of 63 at upper end of index
Subscribe for More Information
August 21, 2015
16:01 EDTLVSOptions Update; August 21, 2015
Subscribe for More Information
07:17 EDTWYNN, MPEL, LVSMacau 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).

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use