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Stock Market & Financial Investment News

News Breaks
June 12, 2014
06:37 EDTMPEL, LVS, MGM, WYNNMacau sector oversold following pullback, says Citigroup
To reflect a significantly lower VIP growth estimate, Citi cut its 2014 Macau GGR estimate to 13% from 22%. The firm, however, says the large cut only impacts its 2014 EBITDA estimate by 3% on average, since the VIP business is low margin. Citi believes the sell-off in the Macau sector is overdone and still views Melco Crown (MPEL) as its top pick in the space. The firm also has Buy ratings on Las Vegas Sands (LVS), MGM Resorts (MGM) and Wynn Resorts (WYNN). It lowered its price target on the latter to $255 from $277.
News For MPEL;LVS;MGM;WYNN From The Last 14 Days
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September 2, 2014
16:00 EDTLVSOptions Update; September 2, 2014
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15:04 EDTWYNNWynn Resorts breaks important support, levels to watch
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14:16 EDTMPEL, WYNN, MGM, LVSMacau casinos retreat after revenue downturn accelerates
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09:41 EDTWYNNActive equity options trading on open
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07:02 EDTMPEL, WYNN, LVS, MGMMacau reports August casino revenue down 6.1% to 28.88B patacas
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August 28, 2014
09:32 EDTLVS, MGM, WYNNNevada reports July statewide gaming win up 0.65% to $931.8M
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August 26, 2014
09:50 EDTMPELOn The Fly: Analyst Upgrade Summary
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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.
07:21 EDTMPELMelco Crown upgraded to Overweight from Equal Weight at Morgan Stanley
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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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