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Stock Market & Financial Investment News

News Breaks
February 4, 2013
07:49 EDTZNGA, WYNN, MGM, PENN, LVS, CZR, BYD, HOTEU to apply anti-money laundering rules to online gambling, FT says
The EU will soon unveil a revamp of its anti-money laundering laws aimed at closing loopholes, including plans to apply the regulations to the entire gambling sector including online gaming, not just casinos, reported Financial Times. The Fly notes that Caesars Entertainment (CZR) operates online poker sites in Europe with partner 888 Holdings, while Zynga (ZNGA) announced a partnership with bwin.party to offer real money online poker and casino games in the U.K. in October of last year. Reference Link
News For ZNGA;CZR;MGM;HOT;LVS;WYNN;BYD;PENN From The Last 14 Days
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July 2, 2015
11:16 EDTMGM, LVS, 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 EDTLVS, MGM, WYNNUBS 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).
06:04 EDTZNGAStocks with implied volatility above IV index mean; ZNGA XOMA
Stocks with implied volatility above IV index mean; Zynga (ZNGA) 60, XOMA (XOMA) 253 according to iVolatility.
July 1, 2015
10:05 EDTLVSLas Vegas Sands breaks out, levels to watch
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08:10 EDTCZRCaesar's appoints Mark Frissora as President and CEO
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06:48 EDTWYNN, LVS, MGMMacau reports June casino revenue down 36.2% to 17.36B patacas
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05:50 EDTZNGAStocks with implied volatility movement; ZNGA MBI
Stocks with implied volatility movement; Zynga (ZNGA) 66, MBIA (MBI) 114 according to iVolatility.
June 30, 2015
15:17 EDTWYNN, MGM, LVSMacau visa change does not signal a change in policy, says Wells Fargo
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12:50 EDTMGM, WYNN, LVSMacau transit visa rules reversed, signal end of tightening, says BofA/Merrill
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12:44 EDTLVS, WYNN, MGMMacau appears to re-lengthen visas to 7 days, says Brean Capital
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09:35 EDTWYNNActive equity options trading on open
Active equity options trading on open: AAPL FB GILD BABA BAC MU WYNN MSFT NFLX
09:22 EDTHOTStarwood’s Aloft Brand to expand portfolio in California
Starwood Hotels & Resorts Worldwide announced that its Aloft brand will soon add yet another destination to its California portfolio with the upcoming debut of Aloft Dublin-Pleasanton. “Designed for the evolving global traveller, Aloft is a great fit for the tech-forward Dublin-Pleasanton area,” said Brian McGuinness, senior VP, Specialty Select Brands for Starwood. “As one of the fastest growing brands in the history of hospitality, Aloft offers distinctive design, accessible technologies and a buzzing social atmosphere.”
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
06:02 EDTHOTStarwood reduced energy use by 12%
Starwood Hotels & Resorts Worldwid announced it has reduced energy use by 12.08%, carbon emissions by 16.07% and water use by 17.26% across all owned, managed and franchised properties from 2008 through 2014. The reductions stem from Starwood’s 30/20 by 20 environmental goals, launched in 2009, to cut energy use by 30% and water use by 20% by 2020 globally. In 2013, Starwood added a goal to reduce carbon emissions by 30% during the same timeframe.
June 26, 2015
09:32 EDTLVS, PENN, CZR, WYNN, BYD, MGMNevada reports May Statewide gaming win up 3.33% to $1.0B
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June 24, 2015
16:11 EDTHOTAshford Hospitality to acquire two hotels in Minneapolis for $101M
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09:13 EDTPENNPenn National’s Plainridge Park Casino debuts as Massachusetts’ first casino
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07:03 EDTHOTStarwood, Accenture extent IT outsourcing contract
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