New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 31, 2014
07:55 EDTPENN, LVS, MGM, WYNN, CZR, BYD, NYNYNew York State opens licensing process for four casinos, WSJ says
A board appointed by New York's State Gaming Commission plans to begin soliciting bids today for four upstate casinos, with bids due by June, reported the Wall Street Journal. Nearly a dozen groups have expressed interest is developing a casino in the Catskills, with Empire Resorts (NYNY) likely to be among the bidders, the report noted. Publicly traded casino operators include Boyd Gaming (BYD), Caesar's (CZR), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN) and Wynn Resorts (WYNN). Reference Link
News For NYNY;WYNN;LVS;BYD;MGM;PENN;CZR From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | all recent news | >>
April 29, 2015
07:17 EDTPENNPenn National to acquire Tropicana Las Vegas casino hotel for $360M
Penn National Gaming has entered into a definitive agreement to acquire Tropicana Las Vegas Casino Hotel Resort from its shareholders, the largest of which is a partnership between Onex and Alex Yemenidjian, for $360M. Penn National intends to fund the acquisition through an expansion of its existing credit facilities and cash on hand. The transaction and credit facility expansions are subject to regulatory approvals, the expiration of the applicable Hart-Scott-Rodino waiting period and other customary closing conditions and the transaction is expected to be completed by year-end 2015.
07:16 EDTWYNNWynn Resorts downgraded to Neutral from Positive at Susquehanna
April 28, 2015
19:18 EDTWYNN, LVS, MGMCasino stocks drop after Wynn's Q1 earnings report
Subscribe for More Information
19:10 EDTWYNN, MGM, LVSOn The Fly: After Hours Movers
Subscribe for More Information
16:16 EDTWYNNWynn Resorts reduces quarterly dividend to 50c
Subscribe for More Information
16:15 EDTWYNNWynn Resorts reports Q1 adjusted EPS 70c, consensus $1.33
Subscribe for More Information
15:44 EDTWYNNWynn Resorts technical comments before results
Subscribe for More Information
15:06 EDTWYNNNotable companies reporting after market close
Subscribe for More Information
11:59 EDTCZRCaesar's volatility elevated into Q1 and outlook
Subscribe for More Information
08:39 EDTMGMMGM Resorts sends letter to shareholders to refute Land & Buildings accusations
In a letter to shareholders, MGM commented, "Today, we are also compelled to address 0.38% shareholder Land & Buildings' lawed proposal and mischaracterization of MGM's performance and investment decisions. In addition, we want to make clear why the Board members targeted by L&B are integral to the effectiveness of the MGM Board and the success of our business. Contrary to L&B's assertions, MGM is very well positioned to continue delivering value to shareholders and has a clear strategy in place to deliver on the company's potential... In addition to driving the implementation of this strategy, MGM's Board has and will continue to actively evaluate all strategic options for sustainable growth including a partial or total REIT conversion. Our full Board is the right one to oversee your investment in MGM and, as we recently disclosed, Evercore Group L.L.C. has been engaged and added to MGM's team of existing advisors to evaluate all strategic options.... Since 2012, MGM's Board has driven strong operating performance in net revenues and Adjusted Property EBITDA, achieving a 5% net revenue CAGR and 11% Adjusted Property EBITDA CAGR... In addition to implementing a successful strategy to drive MGM's strong operating performance, the Board has successfully positioned the Company for sustainable growth. The Board has thoughtfully allocated capital by enhancing existing properties and has also supported trend setting capital-light partnership strategies. The capital investments the Company is currently making will ensure long-term value creation. We believe L&B's assertion that we stop making those investments in the Company's future is completely unsupportable... If L&B is successful in removing the directors it has targeted, MGM will lose critical experience in labor and government relations, gaming and hospitality, media, international business, public utilities, energy, sustainability, and diversity programs, among other areas that are of critical importance to our business."
April 27, 2015
10:21 EDTWYNNWynn Resorts volatility elevated into Q1 and outlook
Wynn Resorts May weekly call option implied volatility is at 55, May is at 38, June is at 36, September is at 32; compared to its 26-week average of 32 according to Track Data, suggesting large near term price movement into the expected release of Q1 results in late April 28.
10:18 EDTWYNNUnion group with Wynn ties launches Macau-focused site, Macau Daily Times says
Subscribe for More Information
09:35 EDTMGMLand and buildings calls for MGM to eliminate Dead Hand Proxy Put provision
Subscribe for More Information
April 24, 2015
13:17 EDTWYNNWynn Resorts says stockholders elect all director nominees at annual meeting
Subscribe for More Information
12:58 EDTWYNNElaine Wynn comments on election results of the Wynn Resorts Annual Meeting
Elaine Wynn, co-founder and third-largest stockholder of Wynn Resorts issued the following statement regarding today's Wynn Resorts 2015 Annual Meeting of Stockholders: "While I am certainly disappointed by the result of today's vote, I am hopeful that I have once again served as an agent for change and improvement for this company, which I love so deeply. I have believed all along that this Board was better and would be held more responsible for its actions with me as a member of it. I am gratified to hear from so many investors that this proxy contest was a success in that it brought to light critical corporate governance concerns at Wynn Resorts such as independence, expertise and diversity in the Boardroom and the impact they have on key issues that our company is facing including compensation practices and succession planning. It remains to be seen if the directors of this company will deliver on the commitments they have made to greater independence, diversity and oversight of management. I, however, as the third-largest stockholder, remain committed to holding all accountable, and will now do so from a position of greater strength. Thank you, my fellow stockholders, for your continued support of me and the continued success of Wynn Resorts for our collective benefit."
April 23, 2015
11:31 EDTCZROptions with increasing implied volatility
Subscribe for More Information
09:18 EDTLVSOn The Fly: Pre-market Movers
Subscribe for More Information
07:09 EDTPENNPenn National sees Q2 EPS 11c, consensus 13c
Subscribe for More Information
07:09 EDTPENNPenn National sees FY15 EPS 46c, consensus 46c
Subscribe for More Information
07:08 EDTPENNPenn National reports Q1 EPS 12c, consensus 11c
Reports Q1 revenue $664.1M, consensus $668.57M.
1 | 2 | 3 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use