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Stock Market & Financial Investment News

News Breaks
December 11, 2012
10:34 EDTLVS, MPELMelco, Las Vegas Sands gain after analyst says Macau doing well
Melco Crown Entertainment (MPEL) and Las Vegas Sands (LVS), which both operate casinos on the Chinese island of Macau, are advancing after research firm Sterne Agee wrote that Macau gaming revenues have been higher than expected so far this month. In a note to investors earlier today, Sterne Agee analyst David Balu wrote that Macau gross gaming revenue, or GGR, increased 27% during the first ten days of December, compared with the same period in 2011. Balu had previously expected Macau's GGR to rise just 11% in December, and he now anticipates that GGR will rise 16% this month. Several factors are contributing to Macau's strong performance, including less restrictive visa requirements, improvements in China's economy, and the strengthening of China's currency, the analyst wrote. Meanwhile, other firms are likely to increase their Macau revenue estimates for 2013, Balu believes. He maintained Buy ratings on both Melco Crown and Las Vegas Sands. In mid-morning trading, Melco climbed 34c, or 2.26%, to $15.62 and Las Vegas Sands rose $1.00, or 2.30%, to $44.56.
News For MPEL;LVS From The Last 14 Days
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December 17, 2014
11:09 EDTMPEL, LVSMacau gaming facts in SCMP article are not new, says JPMorgan
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10:13 EDTLVSLas Vegas Sands volatility elevated as shares pull back to 18-month low
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December 16, 2014
15:37 EDTLVS, MPELChina to start crackdown on illicit funds to Macau, SCMP says
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December 12, 2014
14:04 EDTLVSAtlantic City reports November gaming win down 10.3% to $202.5M
New Jersey reported total Atlantic City gaming win from current operators for the month of November was $202.5M, compared to the $181.7M for November 2013, reflecting an 11.5% increase. Total gaming win from the industry including discontinued operators reflects a 10.3% decrease compared to $225.7M in November 2013. As of November 30, 506,172 Internet gaming accounts have been created, up 5.7% from the 479,073 accounts as of October 31. For the month, Internet Gaming Win including discontinued operators was $8.7M. Publicly traded companies in the space include Boyd Gaming (BYD), Caesar's (CZR), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN) and Wynn Resorts (WYNN).
December 11, 2014
09:29 EDTLVSLas Vegas Sands names Robert Goldstein as COO
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December 10, 2014
11:17 EDTLVSLas Vegas Sands volatility increases as shares pull back to 16-month low
Las Vegas Sands December call option implied volatility is at 36, January is at 32; compared to its 26-week average of 28 according to Track Data, suggesting large near term price movement.
08:21 EDTLVSFBR drops estimates, price targets for Macau names
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December 9, 2014
13:06 EDTMPELMelco Crown management to meet with Sterne Agee
Meeting to be held in New York on December 11 hosted by Sterne Agee.

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