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Stock Market & Financial Investment News

News Breaks
March 1, 2013
08:25 EDTBYD, PENN, MGM, HOT, LVS, WYNN, CZRJudge blocks NJ effort to legalize sports betting, AP reports
New Jersey Gov. Chris Christie is on hold from his hope to grant sports betting licenses in the state after a federal judge upheld a law prohibiting sports betting in 46 of 50 states, including New Jersey, reported Associated Press. The state is expected to appeal the ruling, the report noted. Reference Link
News For MGM;HOT;LVS;WYNN;CZR;BYD;PENN 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, LVS, CZR, WYNNNevada reports July statewide gaming win up 0.65% to $931.8M
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August 26, 2014
16:32 EDTHOTStarwood appoints Thomas Mangas as CFO
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07:26 EDTLVS, MGM, WYNNMacau 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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