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Possible Palace Mass Market Gains Lead Aegis To Boost Estimates On Wynn
Thursday, April 20, 2017 - 12:34pm | 354Read More...Aegis Capital has upped its Q1 EBITDA estimates for Wynn Resorts, Limited (NASDAQ: WYNN) from $353.9 million to $359.7 million in light of the firm’s increasingly optimistic forecast for mass market revenue growth in Macau. “While VIP tailwinds continue to underpin the potential for...
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4 Reasons Century Casinos Shares Are A Buy
Friday, March 10, 2017 - 3:25pm | 404Read More...David Bain of Aegis Capital starts coverage of Century Casinos, Inc. (NASDAQ: CNTY) with a Buy rating and $9.30 price target, saying the company is underfollowed and underappreciated as a mid-market casino developer and operator with both near-term and long-term catalysts. 4 Reasons For Buy Rating...
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Big Picture Thoughts On Macau; Aegis Initiates MGM, Las Vegas Sands, Melco, Wynn
Thursday, December 22, 2016 - 9:47am | 380Read More...Although Macau gaming faces near-term risks, which limit short-term visibility, the long-term potential seems “most enduring” compared to any gaming market, Aegis Capital’s David Bain said in a report. He initiated coverage on four U.S.-based companies with exposure to Macau. Bain...
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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 | 284Read More...Aegis 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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Analyst: Buy MGM After Wynn Update
Wednesday, April 6, 2016 - 2:12pm | 355Read More...Sterne Agee analyst David Bain said investors should buy MGM Resorts International (NYSE: MGM) on weakness due to the recent Wynn Resorts, Limited (NASDAQ: WYNN) update. Casino stocks were trading mostly lower Wednesday morning after Wynn announced a weak preliminary first-quarter results. "To the...
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Junket Theft Charges Could Lead To More Government Regulation In Macau
Tuesday, September 22, 2015 - 2:44pm | 436Read More...Channel checks in Macau indicate a 32 percent yearly decline in September gaming revenue. The recent criminal charges involving Dore Entertainment could result in more regulation of junket operators. Wynn Resorts, Limited (NASDAQ: WYNN), MGM Resorts International (NYSE: MGM) and Melco Crown...
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Sell-Side Analysts Mixed On Las Vegas Sands Before Earnings
Wednesday, July 22, 2015 - 1:47pm | 401Read More...What do Las Vegas Sands Corp. (NYSE: LVS) shareholders have to expect when the company reports earnings Wednesday afternoon? According to Estimize, Wall Street consensus estimates predict earnings per share (EPS) of $0.61 on $2.97 billion in revenue for the quarter. However, not all analysts...
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Sterne Agee CRT Warns Of Faltering Casino Industry
Monday, June 8, 2015 - 9:57am | 234Read More...In a report published Monday, Sterne Agee CRT analyst David Bain reported that table-only gross gaming revenue in Macau, China between June 1 and June 7 was only $410 million, a 46 percent decline year-over-year. He expects a 33 to 38 percent year-over-year fall in revenue for the month. Wynn...
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Sterne Agee: Macau Gross Gaming Revenue 20% Lower In November, Las Vegas Sands Market Leader
Tuesday, November 25, 2014 - 10:33am | 266Read More...David Bain of Sterne Agee reported on Tuesday that based on his channel checks, November Macau table-only gross gaming revenue (GGR) was Macau patacas (MOP) 17.9 billion ($2.24 billion) through November 23. The analyst adds that including slot assumptions, the November GGR run-rate implies...
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CICC Analyst On Macau Gaming: Worst Is Over
Thursday, November 6, 2014 - 12:18pm | 156Read More...David Bain of Sterne Agee on Wednesday said that mass table revenue in Macau fell 8.0 percent during October, while VIP table revenue fell 30.8 percent during the same time period. The analyst expected a high-single digit mass growth and a mid-30 percent VIP table growth. Chris Kwai of CICC said in...
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Sterne Agee Updates Macau October Expectations
Wednesday, November 5, 2014 - 12:08pm | 313Read More...David Bain of Sterne Agee published a report on Wednesday detailing Macau gaming metrics for the month of October. According to Bain's checks, October mass table revenue fell 8.0 percent while VIP table revenue fell 30.8 percent. The analyst expected a high-single digit mass growth and a...
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Deutsche Bank: Boyd Gaming's High Debt Makes REIT Unattractive
Friday, October 31, 2014 - 2:05pm | 366Read More...Boyd Gaming Corporation (NYSE: BYD) possible plan to split off part of its operations as a real estate investment trust lacks credibility in light of the company's $3.5 billion debt load, an analyst said Friday. Boyd's Chief Executive Keith E. Smith told investors the company is...
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Las Vegas Sands' China Woes
Tuesday, October 14, 2014 - 4:01pm | 734Read More...When trouble rears its ugly head in the financial world, China frequently becomes part of the conversation. Las Vegas Sands Corp. (NYSE: LVS) knows this all too well. Macau As a leader in both gaming and lodging, much of the company’s revenue has come from Macau, China. As Zack...
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Sterne Agee Sees Long-Term Gain Opportunities In Macau Gaming
Wednesday, October 8, 2014 - 3:37pm | 324Read More...Stern Agee issued an industry report on Macau gaming. According to analyst David Bain, "September VIP gross gaming revenue (“GGR”) ended -25.7 percent Year-over-Year, while mass GGR was +15.2 percent. October GGR was forecasted to finish -18 percent to -23 percent Year-over-...
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Wells Fargo Reports Macau Gaming Revenue Is Trending Lower
Monday, May 19, 2014 - 10:57am | 211Read More...According to Wells Fargo analyst Cameron McKnight, Macau gaming revenue in May is trending lower. McKnight sees Macau gaming revenue trending between 10 and 14 percent year-over-year, versus the prior estimate of 14 to 16 percent in May growth. The analyst will meet with senior management and...
