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Las Vegas Sands Falls 6% Following Top And Bottom Line Miss
Thursday, April 21, 2016 - 7:55am | 332Read More...Shares of Las Vegas Sands Corp. (NYSE: LVS) were trading lower by more than 7 percent early Thursday morning after the company reported its first quarter results on Wednesday. Las Vegas Sands said it earned $0.45 per share in the first quarter on revenue of $2.72 billion. Wall Street analysts...
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How To Invest In The Diverging Casino Space
Tuesday, September 8, 2015 - 12:45pm | 398Read More...Telsey Advisory Group recently initiated coverage of casino stocks and released a new report discussing the current state of the industry. Analyst David Katz sees a major divergence in the casino business these days, and believes that investors should make sure to be on the winning side of the...
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Barron's Recap: The 2015 Midyear Roundtable
Sunday, June 14, 2015 - 10:39am | 845Read More...This weekend in Barron's online: the Barron's midyear roundtable, high-yield bond funds with tax-free payouts, as well as the prospects for Prudential Financial, Precision Castparts, Expedia, Denny's, Smith & Wesson and more. Cover Story "Barron's Midyear Roundtable: Picking Your Spots" by...
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Credit Suisse: MGM Is The Best Gaming Stock To Own
Friday, April 17, 2015 - 8:02am | 368Read More...Credit Suisse analysts recommended that investors shy away from gaming stocks in favor of other leisure-based activities (lodging, cruise, theme parks and ski resorts). Yet, "if you have to own one, we are sticking with" MGM Resorts International (NYSE: MGM). Credit Suisse said that...
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Activist Investor Explains Why Converting Into A REIT Is The Right Thing For MGM To Do
Wednesday, March 18, 2015 - 1:40pm | 424Read More...Shares of MGM Resorts International (NYSE: MGM) spiked on Tuesday's opening and continued to trade higher, closing the day up by over 10 percent. The reason behind this sudden spike was perhaps spurred most strongly by news that activist investors are proposing to convert the company into a...
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Deutsche Bank Likes MGM Resorts At Current Levels
Wednesday, February 4, 2015 - 9:10am | 261Read More...Carlo Santarelli of Deutsche Bank on Wednesday commented on the earnings implications for MGM Resorts International (NYSE: MGM) following Las Vegas Strip data from the Las Vegas Convention and Visitors Authority. Santarelli believes that MGM will report a solid fourth-quarter RevPAR (Revenue...
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Deutsche Bank's Quick Take On Macau: No Rebound Expected In December
Tuesday, December 2, 2014 - 1:39pm | 284Read More...Carlo Santarelli of Deutsche Bank commented in a note on Tuesday that Macau's 19.6 percent gross gaming revenue decline seen in November was expected and December's gross gaming revenue is also expected to be lower than it was a year ago. Santarelli is projecting gross gaming revenue in...
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Deutsche Bank Highlights Themes In Gaming & Lodging Sector
Thursday, November 20, 2014 - 11:48am | 307Read More...Carlo Santarelli of Deutsche Bank hosted companies from the Gaming, Lodging and Leisure space at a recent conference and came away with several key themes. Large-Cap Gaming Takeaways According to Santarelli's discussions with Las Vegas Sands Corp (NYSE: LVS) and MGM Resorts International...
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Dow's Losing Streak Now Stands At 6 Days, S&P 500 And Nasdaq Slightly Positive
Thursday, October 16, 2014 - 5:07pm | 2915Read More...U.S. stocks were mixed on Thursday as the Dow Jones index traded lower by 206 points before recouping most of these losses. However, the index closed the day in negative territory for the sixth straight day, despite encouraging U.S. labor data being reported. Speaking to Bloomberg, St. Louis...
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Markets Unable To Hold On To Gains As Oil Continues To Plunge
Tuesday, October 14, 2014 - 4:47pm | 2414Read More...U.S. markets ended the day mostly flat after giving up earlier gains. The Dow traded higher by 142 points before ending the day in negative territory. The S&P 500 and Nasdaq indices closed the day almost unchanged. The CBOE Volatility Index fell 7.5 percent to 23.79. Airline stocks traded...
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Dow Suffers Largest Daily Decline Since July, S&P 500 At 8-Week Lows On Global Growth Concerns
Tuesday, October 7, 2014 - 4:52pm | 2340Read More...U.S. stocks tumbled with the three major indices each shedding more than 1.5 percent as global economic growth concerns surfaced. The IMF lowered its global growth forecast for 2014 to 3.3 percent from a previous 3.4 percent. The agency also lowered its 2015 global growth projections to 3.8...
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UPDATE: Deutsche Bank Downgrades Las Vegas Sands Corp.
Tuesday, October 7, 2014 - 9:15am | 268Read More...Carlo Santarelli of Deutsche Bank downgraded shares of Las Vegas Sands Corp. (NYSE: LVS) to Hold from Buy with a price target lowered to $65 from $74. "While we continue to believe the Macau market has a favorable longer term arc, driven by room supply growth, infrastructure, and...
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Las Vegas Sands Corp. Longs Holding 'A Handful Of Nothing' Recently
Tuesday, September 16, 2014 - 12:20pm | 534Read More...Traders and investors long on Las Vegas Sands Corp. (NYSE: LVS) have been in endurance mode for the last six months after the stock peaked at $88.28 in early March. Shares are down more than 30 percent in the time since. So, what's happening at the company and its key markets that's...
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Who Benefits From The Bankruptcy Of Trump Entertainment Resorts?
Monday, September 15, 2014 - 12:15pm | 931Read More...Atlantic City certainly does not benefit from the planned closure Trump Plaza and threatened closure of Trump Taj Mahal, the only remaining properties of Trump Entertainment Resorts, which filed for bankruptcy last week. The struggling city has seen a number of casino closures, for which many...
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Morgan Stanley Is More Positive On Vegas Than On Macau
Tuesday, August 26, 2014 - 3:24pm | 863Read More...Forbes 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...
