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Stock Market & Financial Investment News

News Breaks
February 26, 2013
18:44 EDTBYD, PENN, LVS, GLUU, CZR, HOT, IGT, WYNN, MGM, ZNGANJ governor Christie signs Internet gaming bill into law
New Jersey governor Chris Christie signed into law a bill allowing Internet gaming in the state, permitting operators of Atlantic City casinos to begin taking bets online. Gov. Christie released a statement after signing the bill, saying the bill offers a, "new opportunity to bolster [the state's] efforts to continue the revival of Atlantic City," adding that the state is, "offering a responsible yet exciting option that will make Atlantic City more competitive while also bringing financial benefits to New Jersey as a whole." Reference Link
News For ZNGA;IGT;GLUU;MGM;HOT;LVS;WYNN;CZR;BYD;PENN From The Last 14 Days
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September 3, 2015
16:35 EDTGLUUGlu Mobile appoints Greg Brandeau to board
Glu Mobile (GLUU) announced that Greg Brandeau has joined the company's board. Brandeau brings to Glu a strong background in technology management experience. As the former CTO of Walt Disney Animation Studios (DIS) and former SVP of Technology for Pixar Animation Studios, he is uniquely positioned to offer world-class engineering leadership expertise as Glu continues to expand its digital entertainment portfolio.
13:45 EDTWYNNWynn Resorts estimates lowered on Macau weakness at Argus
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08:03 EDTHOTStarwood signs Sheraton Hokkaido Kiroro Resort management deal
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September 2, 2015
10:17 EDTHOTStarwood says Le Meridien brand to open in Batumi
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10:00 EDTWYNNOn The Fly: Analyst Upgrade Summary
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08:22 EDTWYNN, WYNNWynn Resorts upgraded to Buy from Outperform at CLSA
CLSA upgraded Wynn Resorts to Buy from Outperform based on share underperformance and lowered its price target to $104 from $117 on shares.
08:06 EDTHOTStarwood to debut Tribute Portfolio in Asia Pacific
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September 1, 2015
08:21 EDTHOTStarwood introduces Tribute Portfolio in Europe with Great Northern Hotel
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07:03 EDTMGM, WYNN, LVSMacau reports August casino revenue down 35.5% to 18.62B patacas
Information on monthly gross revenue from games of fortune published on Macau government website. Publicly traded companies in the Macau gaming space include Las Vegas Sands (LVS), MGM Resorts (MGM), Melco Crown (MPEL) and Wynn Resorts (WYNN).
August 31, 2015
05:37 EDTMGMHulu, Epix announce extensive multi-year agreement
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August 28, 2015
09:34 EDTPENN, WYNN, MGM, LVS, CZR, BYDNevada reports July statewide gaming win down 0.96% to $922.89M
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06:50 EDTCZRJudge says Caesars, bondholders should prepare for trial, WSJ reports
A federal judge said that Caesars Entertainment and a group of bondholders should prepare for hearings in a suit over Caesars' guarantees of billions of dollars of debt, the Wall Street Journal reports. Judge Shira A. Scheindlin of the U.S. District Court in Manhattan said that there is a discrepancy as to whether a series of asset moving deals last year constituted an out-court debt reorganization that proved harmful to the holders of over $6B in bond debt issued by Caesars, the report says. Reference Link
August 27, 2015
10:57 EDTCZRCaesars bondholders denied immediate ruling by judge, Bloomberg reports
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08:06 EDTHOTStarwood enters Romania market with Sheraton Bucharest
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06:03 EDTWYNNWynn Resorts implied volatility of 63 at upper end of index
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August 24, 2015
07:38 EDTCZRCaesars to pay $20M to settle anti-money laundering lapses charges, Reuters says
Caesars Entertainment has agreed to pay $20M to settle claims of anti-money laundering lapses, Reuters reports, citing a source familiar with the matter. The company will also enter into a deferred prosecution agreement with the DOJ, the report says. Reference Link
August 23, 2015
14:49 EDTCZRCaesars reaches restructuring support agreement with first lien bank lenders
Caesars Entertainment and Caesars Entertainment Operating Co. announced they have entered into a bank restructuring support agreement. The agreement, which is effective immediately, "secures the support" of CEOC's largest and most senior creditor constituencies and represents a "key milestone" in Caesars Entertainment and CEOC's efforts to implement a consensual restructuring of CEOC, according to Caesars. "CEOC's restructuring is now supported by CEOC's first lien bank lenders and first lien bondholders, which represent the most senior $12B of CEOC's capital structure," said the company. Caesars and CEOC continue to engage in discussions with junior creditors to build additional support for the previously announced second lien restructuring agreement. "However, the senior creditors' support of today's agreement paves the way toward a confirmable plan for the restructuring of CEOC," commented Caesars. The bank RSA is substantially similar to the previously announced bond RSA.

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