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Stock Wars: Las Vegas Sands Vs. MGM Resorts
Wednesday, September 16, 2020 - 7:15am | 908Las Vegas Sands Corp (NYSE: LVS) and MGM Resorts International (NYSE: MGM) are two of the world’s largest casino operators. Each has taken a different route and growth strategy for its business. Here's a look at how the two stack up in a battle we call Stock Wars. About Las Vegas...
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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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MGM Resorts: Las Vegas Offers Near-Term Growth, While Macau Offers A Long-Term Catalyst
Tuesday, December 20, 2016 - 8:40am | 284Aegis Capital’s David Bain believes that MGM Resorts International’s (NYSE: MGM) “Las Vegas position offers visible growth and upside to consensus estimates while its Macau exposure offers upside optionality.” Bain initiated coverage of the company with a Buy rating and...
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MGM's Solid Q3 Puts It One Step Closer To Becoming An 'Investment-Grade' Stock
Tuesday, November 8, 2016 - 1:23pm | 392The better-than-expected third-quarter results put MGM Resorts International (NYSE: MGM) one step closer to become an “investment-grade” stock. CLSA expectsMGM to turn free cash flow positive in 2017, driven by the upcoming openings of National Harbor and MGM Cotai. Rating Boost Ahead...
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Vegas, Macau Or Cotai: Where Are Casino Companies Placing Their Bets?
Friday, November 4, 2016 - 2:22pm | 431To American investors, Macau may be the Las Vegas of China. However, even after Macau’s revenue downturn in recent years, it still generates roughly three times as much annual gaming revenue as Las Vegas. But size isn’t everything, and growth is extremely important for investors. Now...
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'Macau's At A Crossroads' According To Susquehanna; Price Targets Reduced
Friday, June 12, 2015 - 10:01am | 355In a report published Friday, Susquehanna Financial Group analyst Rachel Rothman described Macau's gaming market as being at a crossroad given rumors of a complete smoking ban, table count concerns, additional supply coming and gaming revenue declines. Rothman noted that after a year of "...
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Deutsche Bank Says Buy Galaxy, Melco Crown And MGM China
Tuesday, November 25, 2014 - 10:09am | 229According to Karen Tang of Deutsche Bank, China's recently announced rate cut should help spur a VIP recovery in Macau throughout 2015. Tang notes that two more rate cuts are expected in China throughout 2015, further adding conviction to a belief that Macau gaming stocks turned positive in...
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Morgan Stanley Is More Positive On Vegas Than On Macau
Tuesday, August 26, 2014 - 3:24pm | 863Forbes once described the Macau gaming market as being "Vegas on steroids." While this may be true, analysts at Morgan Stanley are now speculating that the Las Vegas gaming market will see higher growth rates than Macau. In a note to clients on Tuesday, Thomas Allen of Morgan Stanley...
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UPDATE: Morgan Stanley Reiterates on Las Vegas Sands Following strong 4Q13 Results
Monday, February 3, 2014 - 9:21am | 162In a report published Monday, Morgan Stanley analyst Thomas Allen maintained an Overweight rating on Las Vegas Sands (NYSE: LVS) and kept the price target at $89. Following strong 4Q13 results, Allen believed that Las Vegas Sands is in a good position for continued growth in 2014. In the report,...
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Analysts React to Las Vegas Sands Earnings
Thursday, January 30, 2014 - 4:44pm | 900On Wednesday, Las Vegas Sands (NYSE: LVS) reported its fourth quarter results. The company announced an EPS of $0.87, beating the consensus estimate of $0.84. Revenue of $3.66 billion fell short of the $3.71 billion consensus estimate. Sheldon Adelson, chairman and chief executive officer,...
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Citi Unveils 2014 Global Gaming Outlook
Wednesday, January 8, 2014 - 4:01pm | 682On Tuesday, a team of analysts led by Anil Daswani at Citigroup (NYSE: C) released an outlook for the global gaming market. The analysts are bullish on the entire industry, using profound terms to describe 2014 as a “watershed year” for U.S. and Macau based gaming stocks. Macau: still room to...
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Market Wrap For January 7: Markets Reverse 3-Day Slump
Tuesday, January 7, 2014 - 5:39pm | 2743For the first time in the new year, markets ended the day on a positive note. While it is only a few days in, markets appear to have started off 2014 on uncertain footing. Investors and traders found some positives in the U.S. trade deficit which fell to its lowest level in four years, an...
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Las Vegas Strip October Gaming Wins Down 5.06%
Wednesday, November 27, 2013 - 2:32pm | 489The State of Nevada Gaming Control Board released its "Monthly Win and Percentage Fee Tax Collections" report on Monday. The regularly scheduled report details the total “gaming win” of all Nevada's non-restricted gaming licensees. Total gaming wins across Nevada decreased 2.58 percent from one...