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Casino Stocks Lower As 2 Analysts Issue Bearish Comments
Tuesday, March 10, 2015 - 11:33am | 507Read More...Casino stocks on Tuesday traded lower as analysts from both Deutsche Bank and Credit Suisse issued bearish comments and a weak outlook for the industry. Shares of Melcro Crown Entertainment Ltd (NASDAQ: MPEL) and MGM Resorts International (NYSE: MGM) were trading lower by around 3 percent...
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Stifel: Macau Stocks To Outperform In FY15
Thursday, January 15, 2015 - 4:23pm | 247Read More...Macau casino companies are oversold and will outperform the broader stock market in 2015, according to an analyst who said investor sentiment toward the group has hit a low point. Stifel's Steven M. Wieczynski reiterated Buy ratings Thursday on MGM Resorts International (NYSE: MGM) with a $...
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Is Melco Crown Entertainment's Free Fall Finally Over? A Technical Look
Saturday, January 10, 2015 - 4:24pm | 616Read More...After a 10-month long and more than 50 percent decline from peak to trough, is the collapse in Melco Crown Entertainment Ltd (ADR)’s (NASDAQ: MPEL) share price finally over? A technical assessment of Melco’s recent trading indicates that shareholders may finally have some reasons for...
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Vegas Strip Revenue Up 4.8%, But Fails To Boost Casino Stocks
Thursday, August 28, 2014 - 11:19am | 288Read More...Major casino shares were all down modestly Thursday, despite new data showing a 4.8 percent increase in "gaming win" from the Las Vegas Strip neighborhood. Casinos stocks have faced recent slowdown in Macau as well as dire headlines on the financial woes of Caesars. Revenue for the...
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Casino Stocks Rocked By Unexpected Macau Announcement
Tuesday, June 3, 2014 - 9:21am | 460Read More...Casino stocks are trading lower Tuesday morning following disappointing results from Macau. This reading comes just weeks after news spread of a government crackdown in the region. Gambling revenues rose 9.3 percent in May, while analysts were expecting growth between 13 and 15 percent; revenue...
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Why You Should Have Bet Against the House By Shorting Caesars Entertainment
Friday, October 18, 2013 - 1:57pm | 543Read More...Caesars Entertainment (NASDAQ: CZR) presents a solid short opportunity Friday morning. The stock recently fell roughly 23 percent from Monday's close to Tuesday's intraday lows on an announcement that the company was issuing $1 billion of first lien bonds at an eight percent yield, on top of $1...
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Poker Leader Matt Showell Sees High Value In Online Gaming
Thursday, August 22, 2013 - 1:32pm | 358Read More...As Editor-in-Chief of one of the biggest poker media outlets in the world, PokerListings, Matt Showell gave Benzinga an exclusive look into how the internet has changed the industry. Showell began by explaining that online poker gives people the opportunity to play in a less threatening...
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A Little Known Gambling Play
Friday, June 4, 2010 - 1:06pm | 205Read More...There are many angles to play the rise of gambling worldwide. Most investors focus on the casino operators such as Wynn Resorts (NASDAQ: WYNN) or gaming manufacturers like International Game Technology (NYSE: IGT). However, there maybe another way to participate in worldwide casino growth; cash....
