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Casino Stocks 101: What Is A Junket?
Saturday, July 15, 2017 - 10:47am | 488Shares of Macau casino operators Melco Resorts & Entertainment Ltd(ADR) (NASDAQ: MLCO), Wynn Resorts, Limited (NASDAQ: WYNN), Las Vegas Sands Corp. (NYSE: LVS) and MGM Resorts International (NYSE: MGM) all traded lower Friday on new reports that one of Macau’s major junket operators may...
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Casino Stocks Under Pressure Amid Macau Junket Liquidity Concerns
Friday, July 14, 2017 - 11:18am | 406Shares of Macau casino operators Melco Resorts & Entertainment Ltd(ADR) (NASDAQ: MLCO), Wynn Resorts, Limited (NASDAQ: WYNN), Las Vegas Sands Corp. (NYSE: LVS) and MGM Resorts International (NYSE: MGM) were all getting hammered in early Friday trading after Bloomberg reported that one of Macau...
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Attention Macau Investors: There's No Need To Panic Over Government Policies
Tuesday, May 23, 2017 - 1:20pm | 435Long-time Macau gaming investors know that government policy risk is simply part of the equation. Macau casino stocks, including Melco Resorts & Entertainment Ltd(ADR) (NASDAQ: MLCO), Wynn Resorts, Limited (NASDAQ: WYNN), Las Vegas Sands Corp. (NYSE: LVS) and MGM Resorts International (NYSE:...
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Betting On Wynn Resorts To Keep Gaining Market Share, Union Gaming Upgrades
Wednesday, April 26, 2017 - 1:16pm | 340Macau gaming stocks are on fire Wednesday after Wynn Resorts, Limited (NASDAQ: WYNN) reported adjusted first-quarter earnings of $1.24/share on revenue of $1.48 billion, topping consensus analyst forecasts of $0.98 and $1.4 billion, respectively. Union Gaming upgraded Wynn Resorts from Hold to Buy...
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Fewer Casino Openings, Weaker Powerball Sales Make International Game Tech A Riskier Bet This Year
Friday, March 24, 2017 - 2:32pm | 341International Game Technology Ordinary Shares (NYSE: IGT) may no longer be worth the gamble for investors. Argus analyst John Staszak has downgraded the stock to Hold due to a number of near-term headwinds the firm has identified in the gaming equipment market. The company’s recent 2017...
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Piper Previews E3: Conference Is Potential Catalyst For Gaming Group, Electronic Arts Likely Frontrunner
Wednesday, June 8, 2016 - 12:24pm | 265Piper Jaffray's Michael Olson analyzed the gaming sector before the popular E3 conference, an event scheduled to showcase video gaming companies on June 12. The gaming group — including Electronic Arts Inc. (NASDAQ: EA), Activision Blizzard, Inc. (NASDAQ: ATVI), GameStop Corp. (NYSE: GME) and...
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Market Wrap For April 4: Dow Suffers Triple Digit Point Loss, Nasdaq Continues To Underperform
Friday, April 4, 2014 - 4:44pm | 2444U.S. stocks ended the week on a sour note as investors continue to sell many momentum names. Not helping the bull case was the much anticipated Jobs report number which failed to "wow" the market, coming in relatively in-line with expectations. The Dow suffered a triple digit point loss and...