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Stock Market & Financial Investment News

News Breaks
July 14, 2014
14:04 EDTMGM, BYD, LVS, WYNN, PENN, CZRNJ reports Atlantic City June gaming win $236M
New Jersey reported total gaming win from the casino hotels and Internet gaming operations was $236M in June, compared to the $240.2M in casino win for June of last year including Atlantic Club. Casino win from the eleven casino hotels open in both June 2013 and 2014, excluding Atlantic Club, decreased by 0.3%. Internet gaming win was $9.5M in June, consisting of $2.0M in Peer-to-Peer win and $7.5M in Other Authorized Games. As of June 30, 378,564 Internet gaming accounts have been created, up 7.8% from the 351,136 accounts as of May 31. 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).
News For MGM;BYD;LVS;WYNN;PENN;CZR From The Last 14 Days
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August 28, 2014
10:59 EDTCZRCaesar's in talks with creditors to restructure debt load, NY Post reports
The New York Post reports that Caesar's has been in talks to restructure its debt load with its senior creditors. According to sources, the talks would likely give the debt holders positions in the "two newly created pieces of Caesars that hold the most promising assets," which includes the company's online gaming business. Reference Link
09:32 EDTBYD, PENN, MGM, WYNN, LVS, CZRNevada reports July statewide gaming win up 0.65% to $931.8M
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August 26, 2014
07:26 EDTLVS, WYNN, MGMMacau 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 21, 2014
06:54 EDTWYNNWynn unit to spend $20M on Macau casinos design work, Macau Business says
Wynn Resorts' Wynn Macau unit is slated to spend $20.13M this year on design work for its casinos, Macau Business reports. This figure is double the amount the company originally planned. Reference Link

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