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Stock Market & Financial Investment News

News Breaks
February 6, 2013
08:18 EDTPENN, WYNN, MGM, BYD, LVS, MPEL, CZR, HOTChina to crack down on Macau junket operators, The Times says
Beginning in late February, after the Chinese New Year holiday, police operations in more than six big Chinese cities plan to crackdown on Macau "junket" operators as part of a wider anti-corruption campaign, according to The Times of London. Reference Link
News For MGM;HOT;LVS;WYNN;CZR;BYD;PENN;MPEL From The Last 14 Days
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August 27, 2015
10:57 EDTCZRCaesars bondholders denied immediate ruling by judge, Bloomberg reports
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08:06 EDTHOTStarwood enters Romania market with Sheraton Bucharest
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06:03 EDTWYNNWynn Resorts implied volatility of 63 at upper end of index
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August 24, 2015
07:38 EDTCZRCaesars to pay $20M to settle anti-money laundering lapses charges, Reuters says
Caesars Entertainment has agreed to pay $20M to settle claims of anti-money laundering lapses, Reuters reports, citing a source familiar with the matter. The company will also enter into a deferred prosecution agreement with the DOJ, the report says. Reference Link
August 23, 2015
14:49 EDTCZRCaesars reaches restructuring support agreement with first lien bank lenders
Caesars Entertainment and Caesars Entertainment Operating Co. announced they have entered into a bank restructuring support agreement. The agreement, which is effective immediately, "secures the support" of CEOC's largest and most senior creditor constituencies and represents a "key milestone" in Caesars Entertainment and CEOC's efforts to implement a consensual restructuring of CEOC, according to Caesars. "CEOC's restructuring is now supported by CEOC's first lien bank lenders and first lien bondholders, which represent the most senior $12B of CEOC's capital structure," said the company. Caesars and CEOC continue to engage in discussions with junior creditors to build additional support for the previously announced second lien restructuring agreement. "However, the senior creditors' support of today's agreement paves the way toward a confirmable plan for the restructuring of CEOC," commented Caesars. The bank RSA is substantially similar to the previously announced bond RSA.
August 21, 2015
16:01 EDTLVSOptions Update; August 21, 2015
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07:17 EDTWYNN, MGM, LVS, MPELMacau developments negative, says Wells Fargo
Wells Fargo says that its checks on Macau for August indicate that the region's revenues are trending flat to down this month. According to Wells, in August the region's revenues are historically up 4% versus July. The firm adds that comments by Macau casino owner Galaxy suggest that the market has not yet bottomed. Wells believes that the market has not yet stabilized and remains neutral on Macau stocks, although it remains upbeat on their long-term outlook. Publicly traded companies in the Macau gaming space include Las Vegas Sands (LVS), MGM Resorts (MGM), Melco Crown (MPEL) and Wynn Resorts (WYNN).
August 20, 2015
15:09 EDTPENNPenn National obtains final approval for $360M Tropicana Las Vegas transaction
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August 18, 2015
19:47 EDTCZRCaesars creditors give ultimatum to Apollo Global, Bloomberg says
Earlier this month, creditors opposed to Caesars Entertainment's (CZR) bankruptcy plan demanded that Apollo Global (APO) -- one of the company's owners -- relinquish control of the bankrupt unit's parent company, reports Bloomberg, citing two people with knowledge of the matter. In exchange, the creditors offered to withdraw several lawsuits related to the bankruptcy, said the sources. Apollo rejected the ultimatum, though sources noted that talks are continuing. Reference Link
07:13 EDTLVS, WYNN, MPEL, MGMMacau GGR poised to sink 37% in August, says Bernstein
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August 17, 2015
10:55 EDTHOTOptions with increasing implied volatility
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August 14, 2015
17:08 EDTHOTPaulson & Co gives quarterly update on stakes
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13:03 EDTMGM, CZROmega Advisors gives quarterly update on stakes, discloses stake in Google
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10:33 EDTHOTOptions with increasing implied volatility
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07:37 EDTHOTJANA reports new stakes in Allergan, TWC, sells Applied Materials
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