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Stock Market & Financial Investment News

News Breaks
May 28, 2014
05:39 EDTLVSLas Vegas Sands added to Asia-Pacific Focus List at Citigroup
Citigroup added Las Vegas Sands to its Asia-Pacific Focus List citing the recent pullback in shares and the "robust" mass growth in Macau. Citi reiterates a Buy rating on the stock with a $97 price target.
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August 26, 2014
07:26 EDTLVSMacau estimates lowered at Morgan Stanle
Morgan Stanley lowered Macau 2014 growth estimates to 6% from 12% and 2015 to 11% from 12.5% due to expectations for VIP trends to continue to deteriorate given the China macro impact and notes slowing mass growth rates.
05:50 EDTLVSLas Vegas Sands receives construction permit for Parisian Macao
Las Vegas Sands announced that the company has received the government permit needed for construction on the $2.7B Parisian Macao to resume this week. The company said additional permits will be necessary as the development continues, but after undergoing a brief work stoppage, this approval enables work on the critical podium structure to restart immediately.
August 13, 2014
13:57 EDTLVSNJ reports Atlantic City July gaming win down 7.7% to $274.3M
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07:39 EDTLVSBofA/Merrill lowers Macau forecasts
BofA/Merrill lowered its 2014 Macau gross gaming revenue forecast to +5% year-over-year from +12% due to a slowdown in July mass trends. As a result, the firm lowered Las Vegas Sands' (LVS) price target to $88 from $95 and Wynn Resorts' (WYNN) to $260 from $270.

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