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Stock Market & Financial Investment News

News Breaks
March 2, 2013
18:21 EDTLVSLas Vegas Sands discloses in a 10K filing of 'likely' violations of FCPA
Las Vegas Sands disclosed in a regulatory filing on Friday: "On February 9, 2011, Las Vegas Sands received a subpoena from the Securities and Exchange Commission, SEC, requesting that the company produce documents relating to its compliance with the Foreign Corrupt Practices Act, FCPA. The company has also been advised by the Department of Justice, DOJ, that it is conducting a similar investigation. As part of the annual audit of the company’s financial statements, the Audit Committee advised the company and its independent accountants that it had reached certain preliminary findings, including that there were likely violations of the books and records and internal controls provisions of the FCPA and that in recent years, the company has improved its practices with respect to books and records and internal controls. Based on the information provided to management by the Audit Committee and its counsel, the Company believes, and the Audit Committee concurs, that the preliminary findings: do not have a material impact on the financial statements of the Company; do not warrant any restatement of the Company’s past financial statements; and do not represent a material weakness in the Company’s internal controls over financial reporting as of December 31."
News For LVS From The Last 14 Days
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December 17, 2014
11:09 EDTLVSMacau gaming facts in SCMP article are not new, says JPMorgan
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10:13 EDTLVSLas Vegas Sands volatility elevated as shares pull back to 18-month low
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December 16, 2014
15:37 EDTLVSChina to start crackdown on illicit funds to Macau, SCMP says
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December 12, 2014
14:04 EDTLVSAtlantic 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
11:17 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 EDTLVSFBR drops estimates, price targets for Macau names
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