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Stock Market & Financial Investment News

News Breaks
June 23, 2014
10:06 EDTPENN, LVS, MGM, WYNN, CZR, BYDSupreme Court leaves NJ sports gambling ban in place
The Supreme Court refused to hear and let stand lower court rulings that struck down New Jersey's sports betting law because it conflicts with a federal law that that allows sanctioned sports betting only in Nevada and three other states. Appeals brought by Gov. Chris Christie, the New Jersey Thoroughbred Horsemen's Association and Stephen Sweeney were denied certiorari, according to a posting to the high court's website, meaning the cases will not be heard. Publicly traded casino gaming companies 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 WYNN;LVS;BYD;MGM;PENN;CZR From The Last 14 Days
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January 21, 2015
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 China’s 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.
January 15, 2015
13:01 EDTCZRCaesars unit bankruptcy stayed by Delaware bankruptcy judge, Reuters says
The bankruptcy filing for a Caesars Entertainment unit was issued a stay by a judge in Delaware, Reuters reports. The judge, who says the stay applies only to the company's operating unit, noted that the stay won't bar Caesars from seeking interim "first-day" orders, Reuters reports. Reference Link
08:15 EDTCZRApollo may have hard time with Caesar's 'fairness' test, Bloomberg says
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06:21 EDTCZRGoldman Sachs helped Apollo in Caesar's restructuring deal, NY Post reports
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05:32 EDTCZRCaesar's appoints Randall Eisenberg as Chief Restructuring Officer of CEOC
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05:31 EDTCZRCaesar's CEOC reports terms of restructuring
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05:28 EDTCZRCaesar's CEOC files for voluntary reorganization under Chapter 11 Bankruptcy
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05:26 EDTCZRCaesar's CEOC files for voluntary reorganization under Chapter 11 Bankruptcy
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January 14, 2015
14:02 EDTBYD, LVS, CZR, WYNN, PENN, MGMNew Jersey reports Atlantic City gaming win down 11.2% to $190.5M in December
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12:43 EDTCZRCaesar's volatility increases on unit to file bankruptcy, report
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12:13 EDTCZRCaesar's unit to file bankruptcy tomorrow in Chicago, Bloomberg reports
Caesars Entertainment announced in a court filing today that it will put its main operating unit, Caesars Entertainment Operating Co., into bankruptcy tomorrow in Chicago, in dispute of a rival bankruptcy suit filed by Caesars' junior bondholders earlier this week, reported Bloomberg. Reference Link
06:25 EDTCZRCaesar's unit expected to file own Chapter 11 bankruptcy petition, WSJ reports
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January 13, 2015
08:52 EDTPENNPenn National price target raised to $17 from $14.50 at FBR Capital
FBR raised its estimates and price target for Penn National Gaming after its analysis of monthly regional data points indicated potential upside in Q4. The firm says it remains it remains a buyer of the stock with an Outperform rating.
January 12, 2015
13:46 EDTCZRJunior creditors file suit in bid to block Caesars restructuring, Bloomberg says
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