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Stock Market & Financial Investment News

News Breaks
March 3, 2014
07:33 EDTPENN, LVS, MPEL, MGM, WYNN, CZR, BYDMacau reports February casino revenue up 40.3% to 38.01B patacas
Information on monthly gross revenue from games of fortune published on Macau government website. Publicly traded companies in the space include Boyd Gaming (BYD), Caesar's (CZR), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN), Wynn Resorts (WYNN) and Melco Crown (MPEL).
News For WYNN;LVS;BYD;MGM;PENN;CZR;MPEL From The Last 14 Days
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July 2, 2015
12:11 EDTWYNN, LVS, MGM, MPELJPMorgan says Macau view largely unchanged after visa news, June numbers
JPMorgan views Macau's gaming revenue for June as modestly positive given that it was down less than the prior month and better than Street expectations. The firm also said the visa policy easing news was a surprising, but welcome, development, but that its view on the Macau names was largely unchanged following the news.
11:16 EDTLVS, MPEL, MGM, WYNNUBS 'constructive' on Macau names after restrictions eased
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08:57 EDTPENNPenn National Plainridge casino expectations too high, says Morgan Stanley
Morgan Stanley believes Penn National Plainridge Park casino consensus expectations for $250M revenue and $60M EBITDA in 2016 are too high. The firm said other city property openings within proximity suggest lower win, unit and spend, and will likely face capacity issues. Morgan Stanley rates Penn National an Underweight with a $15 price target and says risk/reward is unfavorable.
08:29 EDTMPEL, MGM, WYNN, LVSUBS shifts from cautious stance on Macau gaming after policy change
UBS said it is taking a more constructive stance on of Macau gaming names sector as it believes the recent visa policy change lowers fears on further local tightening. The firm also cited the lowered risk of large scale downgrades in the sector and valuations that support the sector, though it noted that larger upside depends on an earnings upgrade cycle. UBS said it is unattractive to take a negative sector position given the backdrop. Publicly traded companies in the Macau gaming space include Las Vegas Sands (LVS), MGM Resorts (MGM), Melco Crown (MPEL) and Wynn Resorts (WYNN).
July 1, 2015
10:05 EDTLVSLas Vegas Sands breaks out, levels to watch
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10:01 EDTMPELMelco Crown breaks downtrend resistance, levels to watch
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08:10 EDTCZRCaesar's appoints Mark Frissora as President and CEO
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06:48 EDTLVS, WYNN, MGM, MPELMacau reports June casino revenue down 36.2% to 17.36B patacas
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June 30, 2015
15:17 EDTMGM, WYNN, LVS, MPELMacau visa change does not signal a change in policy, says Wells Fargo
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12:50 EDTMGM, WYNN, LVS, MPELMacau transit visa rules reversed, signal end of tightening, says BofA/Merrill
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12:44 EDTMPEL, LVS, MGM, WYNNMacau appears to re-lengthen visas to 7 days, says Brean Capital
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10:01 EDTMPELHigh option volume stocks
High option volume stocks: DEO PE BPOP PNR JUNO OFG CMPR MPEL
10:00 EDTMPELMelco Crown spikes higher, levels to watch
The stock is up over 7.5% to $19.25 at time of writing on very heavy volume. At current price next resistance is at $19.39, the session high, and then $19.90, the 50-day moving average. The 50-day is a good proxy for a downtrend resistance line and a break above it would be bullish. Support is at $18.98.
09:35 EDTWYNNActive equity options trading on open
Active equity options trading on open: AAPL FB GILD BABA BAC MU WYNN MSFT NFLX
09:03 EDTBYDBoyd Gaming announecs expansion of Delta Downs racetrack casino hotel
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06:47 EDTCZRCaesar’s CEO Loveman: I faced ‘every imaginable human catastrophe,’ WSJ says
Caesar's CEO Gary Loveman defended his tenure with the company after its leveraged buyout in January 2012, saying that he faced “every imaginable human catastrophe” while on the job, including “floods, hurricanes, building collapses, murders,” the Wall Street Journal reports. “This job has made me numb,” Loveman said at a speech at Stanford University in 2012, the report says. Reference Link
June 26, 2015
09:32 EDTBYD, LVS, PENN, CZR, MGM, WYNNNevada reports May Statewide gaming win up 3.33% to $1.0B
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June 24, 2015
09:13 EDTPENNPenn National’s Plainridge Park Casino debuts as Massachusetts’ first casino
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June 19, 2015
14:13 EDTCZRLeon Cooperman liquidates passive stake in Caesar's
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07:38 EDTWYNN, LVS, PENN, MGM, MPELMacau official says monthly revenue could hit four year low, says Wells Fargo
Wells Fargo reports that a Macau official said that the region's gaming revenue may hit the lowest level in over four years this month. The official said that the region's June gambling revenue could be more than 20% below the average for the first five months of this year, the firm added. Wells says that Macau's gaming industry remains challenged, and it remains neutral on the sector. Publicly traded companies in the space include Las Vegas Sands (LVS), MGM Resorts (MGM), Wynn Resorts (WYNN), and Melco Crown (MPEL).

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