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Stock Market & Financial Investment News

News Breaks
April 14, 2014
14:06 EDTMGM, WYNN, CZR, BYD, PENN, LVSNew Jersey reports March Atlantic City gaming win down 2.2% to $233.4M
New Jersey reported total gaming win from the casino hotels and Internet gaming operations was $233.4M in March, a 2.2% decline compared to the casino win for the same month of last year, including Atlantic Club. Casino win from the eleven casino hotels open in both March 2013 and 2014 decreased by 1.9%. Internet gaming win increased 15.2% for the month, from $10.3M in February to $11.9M for March. 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).
News For WYNN;LVS;BYD;MGM;PENN;CZR From The Last 14 Days
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January 28, 2015
11:10 EDTCZRCaesar's wins venue fight for casino unit bankruptcy, Dow Jones says
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08:17 EDTLVSLas Vegas Sands volatility elevated into Q4 and outlook
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January 26, 2015
17:20 EDTCZRCaesar's: CEOC announces expiration of consent period for Bank RSA
On January 26, CEOC announced the expiration of the process for seeking consents from lenders under CEOCís credit agreement to support restructuring of CEOCís outstanding obligations and liabilities, which included consenting to the form of Restructuring Support and Forbearance Agreement that was provided to the lenders. The consent period for the Bank RSA expired at 5:00 p.m., New York City time, on January 26, and the Bank RSA has not become effective per its terms. The expiration of the consent period for the Bank RSA does not affect the Third Amended and Restated Restructuring Support and Forbearance Agreement, dated as of January 14, among CEC, CEOC and holders of claims in respect of CEOCís first lien notes, which remains in effect since becoming effective per its terms on January 9, 2015, as previously disclosed by CECís and CEOCís Current Reports on Form 8-K filed with the Securities and Exchange Commission on January 9.
08:41 EDTPENNRegional gaming outlook has improved, says Wells Fargo
Wells Fargo is more upbeat on regional gaming stocks, citing improving same-store trends within the sector, significantly lower gas prices which the firm thinks could boost regional gaming companies, and a slowdown in supply growth within the sector. The firm also cited improving casual dining trends, which it says are highly correlated with regional gaming trends, as a reason for its increased optimism. It keeps Outperform ratings on Churchill Downs (CHDN), Gaming and Leisure (GLPI), and Penn National (PENN).
January 25, 2015
15:40 EDTCZRCaesar's sued for attempting to buy bank lendersí votes, Bloomberg says
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January 23, 2015
08:20 EDTLVSSands China names Sheldon Adelson as CEO
The board of directors of Sands China Ltd. announced that: (A) Sheldon Gary Adelson, the Chairman and a non-executive director of the company, will be appointed as the CEO of the company and re-designated as an executive director of the company, in each case, with effect from March 6. After the appointment and re-designation, Adelson will be the Chairman, the CEO and an Executive Director of the company; (B) Robert Glen Goldstein, a Non-Executive Director, will be appointed as the Interim President and re-designated as an Executive Director of the company, in each case, with effect from March 6. After the appointment and re-designation, Goldstein will be the Interim President and an Executive Director of the company; and (C) Goldstein will also be appointed as a member of the CAPEX Committee with effect from March 6.
January 22, 2015
10:35 EDTCZROptions with decreasing implied volatility
Options with decreasing implied volatility: CZR ACHN NFLX SN NBR TLM CREE BBY LNCO BBRY
10:03 EDTWYNN, LVS, MGMOn the Fly: Analyst Initiation Summary
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09:43 EDTLVSActive equity options trading
Active equity options trading according to Track Data: AAPL DG ABX AMZN FXCM LVS FFIV INFI SD
08:17 EDTWYNNWynn Resorts initiated with a Buy at Union Gaming Research
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08:17 EDTMGMMGM Resorts initiated with a Buy at Union Gaming Research
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08:17 EDTLVSLas Vegas Sands initiated with a Buy at Union Gaming Research
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January 21, 2015
10:01 EDTWYNN, LVSOn The Fly: Analyst Downgrade Summary
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07:55 EDTLVSLas Vegas Sands downgraded to Neutral from Buy at Nomura
Nomura downgraded Las Vegas Sands to Neutral to reflect lower Macau EBITDA forecasts following Beijing's tightening and enforcing of travel and capital flow regulations. The Price target lowered to $54 from $70.
07:55 EDTWYNNWynn Resorts downgraded to Neutral from Buy at Nomura
Nomura downgraded Wynn Resorts to Neutral to reflect lower Macau EBITDA forecasts following Beijing's tightening and enforcing of travel and capital flow regulations. The Price target lowered to $149 from $209.
07:19 EDTPENNPenn National long trade in 'early innings,' says Deutsche Bank
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January 20, 2015
17:24 EDTWYNNWynn Resorts decreases base salary of CEO Stephen Wynn
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16:00 EDTMGMOptions Update; January 20, 2015
iPath S&P 500 VIX Short-Term Futures down 36c to 35.12 Option volume leaders: AAPL TSLA TWTR GILD NFLX MGM ABX AMAT JNJ C according to Track Data.
January 18, 2015
16:07 EDTWYNN, LVS, MGMMacau junket operator reduces operations, Bloomberg says
As Chinaís anti-graft drive reduces customer traffic in Macau, David Group, a junket operator that serves higher-spending casino customers, is closing some rooms in the city, says Bloomberg. Publicly traded companies in the space include Las Vegas Sands (LVS), MGM Resorts (MGM), Wynn Resorts (WYNN) and Melco Crown (MPEL). Reference Link
January 16, 2015
06:18 EDTLVSSands China CEO Edward Tracy to retire, effective March 6
he board of directors of Sands China Ltd. announces the retirement of Edward Matthew Tracy as President and CEO of the company, a director of the company, a member of the Sands China Capital Expenditure Committee, and a director of various subsidiaries of the company, in each case, with effect from March 6. Tracy has decided to retire. He will be engaged by the company as a consultant from March 7. Tracy will continue to work with the senior management team during the transition and consultancy. Tracy has confirmed that he has no disagreement with the Board, and there are no matters that need to be brought to the attention of the shareholders of the company in respect of his retirement. It is proposed that the Nomination Committee of the Board will meet on January 23 and, in accordance with its terms of reference, consider candidates and make recommendations to the Board on the appointment of a new CEO.
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