Macau

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...

Las Vegas Sands Corp (NYSE:LVS) receives praise from analysts for its strong position in Macau and the recovery of the region after missing third-quarter earnings per share and revenue estimates. The Las Vegas Sands Analysts: Morgan Stanley analyst Stephen Grambling maintained an Overweight...

Wynn Resorts, Limited (NASDAQ:WYNN) reported its first-quarter financial results after the bell Tuesday. Here's a look at the highlights.  The Details: Wynn Resorts reported quarterly earnings of $1.59 per share which beat the analyst consensus estimate of $1.27 by 25.2%. Quarterly sales clocked in...

MGM Resorts International (NYSE:MGM) reported its first-quarter financial results after the bell Wednesday. Here's a look at the highlights.  The Details: MGM Resorts reported quarterly earnings of 74 cents per share which beat the analyst consensus estimate of 56 cents by 32.14%. Quarterly sales...

Wynn Resorts, Limited (NASDAQ: WYNN) shares have been in focus amid the post-COVID-19 pandemic rebound in the gambling industry. The company has an upside to market share and EBITDA margins, according to Mizuho Securities. The Wynn Resorts Analyst: Ben Chaiken initiated coverage of Wynn Resorts...

Melco Resorts & Entertainment Limited (NASDAQ:MLCO) shares are trading lower after the company reported fourth-quarter FY23 results. Sales growth of 224% Y/Y to $1.09 billion missed the analyst consensus estimate of $1.128 billion. The Y/Y growth in revenues was primarily attributable...

Casino company Wynn Resorts (NASDAQ:WYNN) reported third quarter financial results after market close Thursday. Here are the key highlights. What Happened: Wynn Resorts reported third quarter operating revenue of $1.67 billion, which was up from a total of $889.7 million reported in the prior year'...

The Non-Correlated Issue The stock market is falling with the S&P 500 now down more than 10% from its 2023 high. Investors are starting to realize that “higher for longer” now includes inflation and government spending. Bond yields are rising despite the Fed signaling they’re...

This piece was originally published on October 18th, 2023. Introduction Las Vegas Sands (NYSE: LVS) announced 3Q earnings after the close today, and after more than 3 years of Covid-related weak results, there’s one conclusion we can draw: They’re back. Revenue of $2.8B beat...

Casino and resort operator Las Vegas Sands (NYSE: LVS) reported second-quarter financial results after the market close Wednesday. Here are the key highlights. What Happened: Las Vegas Sands reported second-quarter revenue of $2.54 billion, which was up over 100% year-over-year from $1.05 billion....

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...

Casino company Wynn Resorts, Limited (NASDAQ: WYNN) reported first-quarter financial results after market close Tuesday. Here are the highlights. What Happened: Wynn Resorts reported first-quarter revenue of $1.42 billion, which was up 49% year-over-year. The revenue total beat a Street consensus...

The passage of legislation in 2018 created the opportunity for three Japanese cities to build casinos. The first-ever casino in Japan has been approved. Here’s a look at the parties involved and what it means. What Happened: For the past several years, casino company MGM Resorts International...

On Monday, China officially lifted all travel restrictions and limitations to Macau and scrapped COVID-19 texting requirements. Macau casino operators are now hoping the end of pandemic restrictions will produce an extended period of pent-up demand among gamblers. The Numbers: On Monday, Bank of...

One of the worst-performing sectors since 2014 has been the casino industry.  The sector — and specifically Wynn Resorts Limited (NASDAQ: WYNN) — has been searching for a catalyst and got not one but two on Monday. The price action following the news makes it the...