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Stock Market & Financial Investment News

News Breaks
February 21, 2013
14:40 EDTPENN, WYNN, MGM, ZNGA, BYD, LVS, MPEL, CZR, HOTOnline poker bill takes step forward in NV legislature, Las Vegas Sun says
A Las Vegas Sun report says the Nevada Legislature took a step towards passing an online poker bill, and added that the Legislature could fast-track the bill to the governor's desk as early as today. Reference Link
News For MGM;HOT;LVS;WYNN;CZR;BYD;PENN;MPEL;ZNGA From The Last 14 Days
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March 19, 2015
10:02 EDTMPEL, WYNN, LVS, MGMOn The Fly: Analyst Initiation Summary
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09:37 EDTWYNNActive equity options trading on open
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09:01 EDTHOTStarwood announces agreements with GH Pegasus, Hoteles Real Chihuahua
Starwood Hotels & Resorts Worldwide announced an agreement with GH Pegasus to open Aloft Tijuana, Aloft Coatzacoalcos and Aloft Poza Rica by the end of 2017, and an agreement with Hoteles Real Chihuahua to unveil the Sheraton Chihuahua Soberano Hotel, a strategic conversion, by November 2015. With these new signings, Starwood will further strengthen its footprint across Latin America and Caribbean while significantly bolstering its presence in Mexico, the largest market for the company in the region. Aloft Tijuana, Aloft Coatzacoalcos and Aloft Poza Rica will be operated by Grupo Presidente under franchise agreements. With the opening of Sheraton Chihuahua Soberano Hotel, Starwood will increase its Sheraton footprint to six hotels in the country, and to 37 in the region.
March 18, 2015
16:24 EDTWYNNWynn Resorts initiated with a Buy at Brean Capital
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16:23 EDTLVSLas Vegas Sands initiated with a Buy at Brean Capital
Target $65.
16:23 EDTMGMMGM Resorts initiated with a Buy at Brean Capital
Target $27.
16:23 EDTMPELMelco Crown initiated with a Buy at Brean Capital
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16:00 EDTMGMOptions Update; March 18, 2015
iPath S&P 500 VIX Short-Term Futures down 1.20 to 26.10. Option volume leaders: AAPL RAD PBR TWTR FB TSLA CLF BP MGM according to Track Data.
10:00 EDTWYNN, MGM, LVSOn The Fly: Analyst Downgrade Summary
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09:13 EDTMGMMGM Resorts potential REIT conversion would unlock value, says Morgan Stanley
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08:28 EDTLVS, LVSLas Vegas Sands downgraded to Outperform from Buy at CLSA
CLSA downgraded Las Vegas Sands to Outperform and lowered its price target to $60 from $80 as part of Macau sector downgrade to reflect disappointing run rates year-to-date and expectations for more negative newsflow. See sector note for further information.
08:28 EDTWYNN, WYNNWynn Resorts downgraded to Outperform from Buy at CLSA
CLSA downgraded Wynn Resorts to Outperform and lowered its price target to $140 from $264 as part of Macau sector downgrade to reflect disappointing run rates year-to-date and expectations for more negative newsflow. See sector note for further information.
08:28 EDTMGM, MGMMGM Resorts downgraded to Outperform from Buy at CLSA
CLSA downgraded MGM Resorts to Outperform and lowered its price target to $25 from $29 as part of Macau sector downgrade to reflect disappointing run rates year-to-date and expectations for more negative newsflow. See sector note for further information.
08:24 EDTLVS, LVS, WYNN, WYNN, MGM, MGMMacau sector downgraded at CLSA
CLSA downgraded the Macau sector given disappointing run rates year-to-date and expectations for more negative newsflow. The firm said the anti-corruption campaign continues to pressure VIP and premium mass customer visits. CLSA now expects 2015 EBITDA growth of -26%, lowered its view of VIP growth to -32% from -14%, reduced mass growth to -17% from -2%, and now expects new Cotai projects ROIC to average only +18, down from +35% previously. As part of the sector view change, the firm downgraded Las Vegas Sands (LVS), MGM Resorts (MGM), and Wynn Resorts (WYNN) to Outperform from Buy.
07:15 EDTCZRCaesar's says disputes raise 'substantial doubt' about 'going concern' status
Caesar's stated in a regulatory filing after the close Monday that the company is subject to currently pending or threatened litigation and demands for payment by certain creditors asserting CEC is obligated under the former parent guarantee of certain CEOC defaulted debt. The litigation pending against CEOC, and in certain cases against CEC and its other subsidiaries, have been stayed due to the Chapter 11 bankruptcy process, however, certain litigation and the demands against CEC are continuing outside of the Chapter 11 bankruptcy process. "We believe that the Litigation claims and Demands against CEC are without merit and intend to defend ourselves vigorously. At the present time, we believe it is not probable that a material loss will result from the outcome of these matters," Caesar's stated. The noteholder disputes are in their very preliminary stages and discovery has begun on the unsecured note lawsuits, the company noted. "Should these matters ultimately be resolved through litigation outside of the CEOC Financial Restructuring, and were a court to find in favor of the claimants in any of these Noteholder Disputes, such determination could have a material adverse effect on our business, financial condition, results of operations, and cash flows. Accordingly, we have concluded that the material uncertainty related to certain of the Litigation proceeding against CEC raises substantial doubt about the company’s ability to continue as a going concern," Caesar's added.
05:55 EDTMGMStocks with implied volatility movement; MGM CY
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March 17, 2015
16:26 EDTMGMOn The Fly: Closing Wrap
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16:00 EDTMGMOptions Update; March 17, 2015
iPath S&P 500 VIX Short-Term Futures down 11c to 27.30. Option volume leaders: AAPL RIG MGM HTZ TWTR TSLA CY KO NFLX C according to Track Data.
10:11 EDTMGMMGM Resorts trades sharply higher as activist suggests REIT conversion
Land and Buildings laid out a proposal to unlock value in the shares by pursuing a REIT conversion at MGM Resorts. At the current price of $21.36, the stock is up over 8.6%. Resistance initially is at the session high at $21.50, and then at $21.76. Support is at the 50-day moving average at $20.73.
09:25 EDTMGMLand and Buildings proposes REIT conversion for MGM Resorts
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