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Stock Market & Financial Investment News

News Breaks
June 26, 2014
08:54 EDTLVS, MGM, MPEL, WYNNMacau Secretary clarifies rules for UnionPay terminals, MacauBusiness says
Macau's Secretary for the Economy and Finance, Francis Tam, has clarified that jewelers and pawnshops in casinos will still be allowed to use their present China UnionPay terminals to take payments from next month, but that they will be prohibited from using new devices according to MacauBusiness.com. Tam added that the government’s main aim with its rule changes was to stop illegal transactions, not to harm the gaming industry, the report noted. Publicly traded companies in the Macau gaming space include Melco Crown (MPEL), Las Vegas Sands (LVS), MGM Resorts (MGM), and Wynn Resorts (WYNN). Reference Link
News For MPEL;LVS;WYNN;MGM From The Last 14 Days
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May 29, 2015
09:46 EDTWYNNWynn Resorts management to meet with JPMorgan
Meeting to be held in New York on June 1 hosted by JPMorgan.
09:31 EDTWYNN, MGM, LVSNevada reports April Statewide gaming win up 5.4% to $897.93M
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May 28, 2015
08:07 EDTLVSLas Vegas Sands recommends shareholders reject TRC Capital's mini-tender offer
Las Vegas Sands received notice of an unsolicited mini-tender offer by TRC Capital to purchase up to 2,500,000 shares of LVS's common stock at a price of $47.63 per share in cash, without interest. The offering price is approximately 4.61% below the closing price per share of LVS's common stock on May 26, 2015, the last trading day before the mini-tender offer was commenced. The offer is for approximately 0.31% of the outstanding shares of LVS's common stock. LVS does not endorse this unsolicited mini-tender offer and recommends that shareholders reject the offer because the offer price is below the current market price for LVS shares and is subject to numerous conditions, including TRC Capital obtaining sufficient financing necessary to consummate the offer. LVS also recommends that any shareholders who have tendered shares to TRC Capital withdraw those shares by providing the written notice described in the offering documentation before the expiration of the offer, which is currently scheduled for 12:01 a.m. Eastern Time on June 25, 2015.
May 26, 2015
20:50 EDTLVSBernstein to hold a conference
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07:29 EDTLVSLawsuit against Las Vegas Sands to proceed in U.S., Guardian reports
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May 22, 2015
06:03 EDTWYNNStocks with implied volatility below IV index mean; OCR WYNN
Stocks with implied volatility below IV index mean; Omnicare (OCR) 7, Wynn Resorts (WYNN) 30 according to iVolatility.
May 20, 2015
08:37 EDTWYNN, MGMMorgan Stanley to hold a conference
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May 19, 2015
16:39 EDTMGMLand and Buildings will not nominate slate at MGM 2015 annual meeting
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06:02 EDTMGMMGM Resorts signs agreement with Revionics
Revionics announced that MGM Resorts International has signed a multi-year agreement for Revionics Price Optimization to enhance retail pricing strategies throughout its U.S. properties, including Bellagio, MGM Grand, Mandalay Bay, The Mirage and other properties.
May 18, 2015
15:23 EDTWYNNWynn Resorts management to meet with JPMorgan
Meeting to be held in New York on May 21 hosted by JPMorgan.
10:01 EDTLVSOn The Fly: Analyst Downgrade Summary
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07:40 EDTLVSLas Vegas Sands downgraded to Neutral from Buy at Goldman
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May 15, 2015
10:01 EDTWYNNOn The Fly: Analyst Downgrade Summary
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07:43 EDTMGMGlass Lewis recommends MGM investors endorse Land & Buildings nominee
Land and Buildings Investment Management announced that Glass, Lewis & Co., an independent proxy voting advisory firm, has recommended that shareholders of MGM Resorts International vote on the GOLD proxy card to elect nominee Matthew Hart, saying: “In light of the company's prevalent shareholder return underperformance and undervaluation relative to peers, as well as lingering concerns with respect to capital allocation, financial discipline, accountability and overall boardroom culture, we believe the Dissident has established a case for change at the board level... In our view, L&B has presented a compelling opportunity for MGM to unlock substantial value through a potential REIT conversion and additional measures which would further de-lever the balance sheet." Jonathan Litt, Founder and CIO of Land and Buildings, said, “The fact that Glass Lewis is endorsing one of our nominees sends a clear message that change is needed in the MGM boardroom in order to deliver value for all shareholders. We are extremely gratified that Glass Lewis has agreed with so many of the points we have brought to light throughout this campaign, and encourage shareholders to follow the Glass Lewis recommendation and vote on the Gold proxy card.”
05:43 EDTWYNN, MGM, LVSWynn Resorts downgraded to Equal Weight from Overweight at Barclays
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