casinos

Seaport Research Partners’ Vitaly Umansky downgraded MGM Resorts (NYSE:MGM) from Buy to Neutral, citing expected headwinds for gaming in both Las Vegas and U.S. regional markets this year. The MGM Resorts International Thesis: The company has high exposure to the U.S., with over 85% of its...

Fans of card game UNO and gamblers alike may have been booking flights to Las Vegas this week upon hearing news that the popular game was being added to a Las Vegas casino. And, even though UNO is being celebrated in Las Vegas this week, gambling isn't part of the story, yet. What Happened: UNO,...

BofA Securities analyst Shaun C. Kelley on Thursday put forth an analysis of the Gaming companies, Caesars Entertainment Inc (NASDAQ:CZR) and MGM Resorts International (NYSE:MGM) whose first-quarter results were announced this week. The analyst reiterated a Buy rating on the shares of CZR and MGM...

International Game Technology (NYSE:IGT) reported fourth-quarter adjusted earnings per share of 22 cents, missing the street view of 37 cents. Quarterly sales of $651 million (down 4%) missed the analyst consensus of $657.84 million. Sales fell as elevated U.S. multi-state jackpot...

Wynn Resorts, Limited (NASDAQ:WYNN) will release earnings results for its third quarter, after the closing bell on Monday, Nov. 4. Wall Street expects the Las Vegas, Nevada-based company to report quarterly earnings at $1.01 per share, up from 99 cents per share in the year-ago period. The company...

Wynn Resorts, Limited (NASDAQ:WYNN) shares are trading higher on Friday. Morgan Stanley analyst Stephen W Grambling upgraded the company to Overweight (from Equal-Weight) and raised the price target to $104 (from $97). Wynn Las Vegas is well-positioned to benefit from a shift toward higher-end...

Las Vegas tourism is on a winning streak, and several casinos that light up the city stand to benefit. Sin City’s overnight stays saw growth compared to both last year and pre-COVID times, per Placer.ai data. See below. Tourism in Las Vegas is booming, with overnight stays in the city...

Shares of Las Vegas Sands Corp. (NYSE: LVS) climbed in early trading on Tuesday, amid news of Macau recovering. The company should benefit from the "mass recovery" in the Macau market, according to Mizuho Securities. The Las Vegas Sands Analyst: Ben Chaiken initiated coverage of Las Vegas...

Wynn Resorts. Ltd (NASDAQ:WYNN) stock just made a Golden Cross. The stock is up 15.5% year-to-date, driven by a recovery in the gaming market. Over the past year, however, the stock had steadily declined. In early February, the stock delivered an earnings beat that lifted the stock. While 2024...

Wynn Resorts, Limited (NASDAQ: WYNN) is expected to release earnings results for its fourth quarter, after the closing bell on Feb. 7, 2024. Analysts expect the casino company to report quarterly earnings at $1.15 per share, versus a year-ago loss of $1.23 per share. The company is projected to...

The city of Las Vegas may have narrowly avoided a strike of hotel workers ahead of the hosting of Super Bowl LVIII. Here's the latest. What Happened: Casinos and hotels in Las Vegas are expected to be full thanks to Super Bowl LVIII and the city may have struggled to keep up with demand with a...

MGM Detroit workers voted against a tentative deal and will continue their weeks-long strike against the casino company. The union laborers have asked patrons to avoid visiting the Detroit casinos or using the casino’s online sports-gambling apps until a deal is in place. The MGM Detroit...

Hospitality and gaming behemoth MGM Resorts International (NYSE:MGM) will be reporting its third-quarter earnings on Nov. 8 after market hours. MGM stock is still recovering from its September slide caused by the Scattered Spider cyberattack, which had infiltrated MGM's systems. It created...

Workers at some of Detroit's most iconic casinos, including MGM Resorts International's (NYSE: MGM) MGM Grand Detroit, PENN Entertainment, Inc.'s (NASDAQ: PENN) Hollywood at Greektown and MotorCity casinos, are gearing up for a potential showdown. ...

Melco Resorts & Entertainment Ltd (NASDAQ: MLCO) reported first quarter 2023 sales growth of 51% Y/Y to $716.5 million Wednesday, missing the consensus of $892.0 million.  The increase in total operating revenues was led by improved performance in all gaming segments...