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Stock Market & Financial Investment News

News Breaks
January 29, 2014
07:40 EDTWYNN, LVS, MPELMacau casino owners 2014 EPS estimates raised at Wells Fargo
Wells Fargo increased its 2014 EPS estimate for Las Vegas Sands (LVS) to $3.88 from $3.47, for Wynn Resorts (WYNN) to $8.36 from $7.16, and for Melco Crown (MPEL) to $1.65 from $1.46. The firm continues to be upbeat on the long-term outlook for Macau, but it believes the pace of estimate increases for the group could slow this year limiting multiple expansion. It keeps Outperform ratings on all three stocks named, but prefers Las Vegas Sands and Wynn Resorts.
News For LVS;WYNN;MPEL From The Last 14 Days
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August 28, 2015
09:34 EDTWYNN, 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 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).
August 18, 2015
07:13 EDTWYNN, MPEL, LVSMacau GGR poised to sink 37% in August, says Bernstein
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