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Carl Icahn Reportedly Takes New Stake In Caesars Entertainment
Friday, January 11, 2019 - 12:13pm | 335Caesars Entertainment Corporation (NASDAQ: CZR) shares were rallying Friday in reaction to a CNBC report that billionaire activist investor Carl Icahn may have taken a stake in the casino operator. What Happened Sources close to the matter told CNBC Icahn is accumulating shares in Caesars,...
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6 Reasons Why Deutsche Bank Is Bullish On Post-Bankruptcy Caesars Entertainment
Wednesday, September 5, 2018 - 3:16pm | 347Caesars Entertainment Corporation (NASDAQ: CZR), the casino and resort operator that emerged from bankruptcy in 2017, makes for an attractive investment, according to Deutsche Bank. The Analyst Deutsche Bank's Carlo Santarelli initiated coverage of Caesars Entertainment with a...
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Steve Wynn Steps Down As Chairman And CEO, Says 'Judgment Takes Precedence Over Everything Else, Including The Facts'
Wednesday, February 7, 2018 - 9:00am | 384Steve Wynn, chairman and CEO of Wynn Resorts, Limited (NASDAQ: WYNN), said he has resigned from the gaming company he founded. What You Need To Know Wynn came under fire after a Wall Street Journal report detailed allegations of sexual misconduct that spanned decades. The report said dozens of...
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Argus: Las Vegas Locals Will Drive Boyd Gaming Higher
Wednesday, January 17, 2018 - 11:19am | 428Boyd Gaming Corporation (NYSE: BYD) is an owner and operator of gaming entertainment properties in multiple states. The company's Las Vegas properties are mostly located away from the tourist Strip area, and this is a good thing, according to Wall Street's newest bull analyst. The Analyst...
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Vegas Gaming Slumps In November, Strip Continues To See Impact From Shooting
Thursday, December 28, 2017 - 11:25am | 419The Nevada State gaming control board released its November report on gaming revenue for the Las Vegas area, which showed a negative trends casino shareholders may want to monitor. What You Need To Know Data for the month of October showed that Nevada's non-restricted gaming licensees...
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Morgan Stanley Likes The Odds Of A Las Vegas Sands Investment
Tuesday, November 7, 2017 - 4:26pm | 390Casino stock are for the most part higher since the start of 2017, but the longer-term outlook in the important Macau gaming market remains a question mark. One of the most notable casino operators, Las Vegas Sands Corp. (NYSE: LVS) generates nearly half of its entire EBITDA in Macau. The Analyst...
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VIP Strength Leads Deutsche Bank To Upgrade Wynn To Buy
Tuesday, August 15, 2017 - 11:16am | 362Analysts at Deutsche Bank turned bullish on casino operator Wynn Resorts, Limited (NASDAQ: WYNN) after a reconfiguration of the casino floor in Wynn Palace to attract more visitors is showing signs of success. The firm's Carlo Santarelli upgraded Wynn's stock rating from Hold to Buy with a price...
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2 Stocks Up 50% In 2017 That Have Further Room For Upside
Friday, July 7, 2017 - 1:04pm | 383For many investors deciding what to do with a stock that's up 50 percent in a few months is a difficult task. On the one hand, few can fault an investor for cashing in on an impressive gain but they risk selling early. Among the five S&P 500 stocks up at least 50 percent this year, CSX...
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Las Vegas Sands Investors: Don't Bet Against The House
Saturday, January 28, 2017 - 3:19pm | 275Shares of Las Vegas Sands Corp. (NYSE: LVS) sold off on Thursday after the company's fourth quarter earnings report consisted of a top and bottom line miss. According to Gadfly's David Fickling, there is one important lesson that holds true for casino patrons and Las Vegas Sands'...
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Casino Stocks Bounce Back As Chinese Government Clarifies No Change To Macau Daily ATM Withdrawal Limit
Friday, December 9, 2016 - 11:02am | 402The Chinese government took casino investors on a wild ride Thursday when the imposition of new ATM transaction limits in Macau caught the market by surprise. The Drop Shares of Melco Crown Entertainment Ltd (ADR) (NASDAQ: MPEL), Wynn Resorts, Limited (NASDAQ: WYNN), Las Vegas Sands Corp. (NYSE:...
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Macau Bet Pays Off Big Time For Las Vegas Sands
Friday, November 4, 2016 - 11:53am | 295Shares of Las Vegas Sands Corp. (NYSE: LVS) were trading higher by more than 3 percent ahead of Friday's opening bell after the casino operator reported better-than-expected third-quarter results. Thomas Allen of Morgan Stanley maintains an Equal-Weight rating on Las Vegas Sands' stock following...
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The Future Of Gambling: VR Casinos And Online Bookies
Wednesday, August 17, 2016 - 4:02pm | 751Like uncountable aspects of life, gambling has changed enormously with the rise of the internet. From online poker to sports-betting sites, virtually anyone can put money down on almost anything in just a matter of minutes from the comfort of one’s home. However, watching a roulette spin on...
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Boyd Gaming Says Its Newly Acquired Aliante Property Is 'An Asset Without Rival' In The Vegas Market
Friday, April 22, 2016 - 10:33am | 400Boyd Gaming Corporation (NYSE: BYD) announced on Thursday it has entered into an agreement to acquire ALST Casino Holdco, the holding company of Aliante Casino Hotel and Spa for $380 million. Aliante is an upscale, resort-style casino in Las Vegas that offers a premium style hotel accommodation,...
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Disappointing Guidance Out Of Wynn Weighing On Casino Stocks
Wednesday, April 6, 2016 - 8:42am | 225Casino stocks were trading mostly lower Wednesday morning after Wynn Resorts, Limited (NASDAQ: WYNN) announced its preliminary first-quarter results. Wynn Resorts reported preliminary first-quarter revenue from its operations in Macau to be $603 million to $613 million – marking a decrease...
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Trade Idea: Watch Pinnacle, Gaming & Leisure After Missouri Gaming Meeting Tomorrow
Tuesday, March 22, 2016 - 1:40pm | 160Investors should watch shares of Pinnacle Entertainment, Inc (NASDAQ: PNK) and Gaming and Leisure Properties Inc (NASDAQ: GLPI) ahead of the Missouri Gaming Commission meeting on March 23, an analyst on Wall Street said on Tuesday. The meeting is expected to consider the application of Pinnacle...