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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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July 2, 2015
12:11 EDTLVSJPMorgan says Macau view largely unchanged after visa news, June numbers
JPMorgan views Macau's gaming revenue for June as modestly positive given that it was down less than the prior month and better than Street expectations. The firm also said the visa policy easing news was a surprising, but welcome, development, but that its view on the Macau names was largely unchanged following the news.
11:16 EDTLVSUBS 'constructive' on Macau names after restrictions eased
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08:29 EDTLVSUBS shifts from cautious stance on Macau gaming after policy change
UBS said it is taking a more constructive stance on of Macau gaming names sector as it believes the recent visa policy change lowers fears on further local tightening. The firm also cited the lowered risk of large scale downgrades in the sector and valuations that support the sector, though it noted that larger upside depends on an earnings upgrade cycle. UBS said it is unattractive to take a negative sector position given the backdrop. Publicly traded companies in the Macau gaming space include Las Vegas Sands (LVS), MGM Resorts (MGM), Melco Crown (MPEL) and Wynn Resorts (WYNN).
July 1, 2015
10:05 EDTLVSLas Vegas Sands breaks out, levels to watch
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06:48 EDTLVSMacau reports June casino revenue down 36.2% to 17.36B patacas
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June 30, 2015
15:17 EDTLVSMacau visa change does not signal a change in policy, says Wells Fargo
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12:50 EDTLVSMacau transit visa rules reversed, signal end of tightening, says BofA/Merrill
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12:44 EDTLVSMacau appears to re-lengthen visas to 7 days, says Brean Capital
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June 26, 2015
09:32 EDTLVSNevada reports May Statewide gaming win up 3.33% to $1.0B
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