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News Breaks | | | | December 11, 2012 | | 10:34 EDT |  | MPEL, LVS | Melco, 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. | |
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News For MPEL;LVS From The Last 14 Days Check below for free stories on MPEL;LVS the last two weeks. |
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| May 14, 2013 | | 14:23 EDT |  | LVS | Las Vegas Sands loses $70M verdict in Macau suit, AP reports
 Subscribe for More Information | | | 14:14 EDT | | LVS | Las Vegas Sands loses trial over Macau license claims, Bloomberg reports
Subscribe for More Information | | | 14:12 EDT | | LVS | Verdict reached in breach of contract suit against Las Vegas Sands, AP says
The jury, which deliberated for about two days, is expected to announce its ruling soon, Associated Press added. Reference Link | | | 10:01 EDT |  | MPEL | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AVG Technologies (AVG) downgraded to Neutral from Buy at Goldman... Cigna (CI) downgraded to Hold from Buy at Jefferies... Cree (CREE) downgraded to Neutral from Buy at Sterne Agee... Melco Crown (MPEL) downgraded to Neutral from Buy at UBS... SolarCity (SCTY) downgraded to Neutral from Buy at Roth Capital... KB Home (KBH) downgraded to Market Perform from Outperform at Raymond James... Ryland Group (RYL) downgraded to Underperform from Market Perform at Raymond James... Alere (ALR) downgraded to Hold from Buy at Craig-Hallum... Evolution Petroleum (EPM) downgraded to Hold from Buy at MLV Equity... Oil States (OIS) downgraded to Hold from Buy at BB&T... VIVUS (VVUS) downgraded to Neutral from Buy at Lazard Capital. | | | 09:55 EDT |  | LVS | Las Vegas Sands shares can be boosted by capital returns, says BofA/Merrill
Subscribe for More Information | | | 06:15 EDT | | MPEL | Melco Crown downgraded to Neutral from Buy at UBS
Subscribe for More Information | | | May 13, 2013 | | 09:39 EDT |  | LVS | Active equity option families trading
Active equity option families trading on open according to Track Data: AAPL C TSLA LVS GILD FSLR | | | May 10, 2013 | | 14:04 EDT | | LVS | New Jersey reports Atlantic City casino win $228.5M in April
Subscribe for More Information | | | 09:33 EDT | | LVS, MPEL | Nevada reports March Las Vegas Strip gaming win up 13% to $507.6M
Subscribe for More Information | | | 09:32 EDT | | MPEL, LVS | Nevada reports March statewide gaming win up 7% to $914.78M
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