Macau

Casino operator Wynn Resorts, Limited (NASDAQ: WYNN) withdrew its A$10 billion ($7.1 billion) offer to buy Australia's Crown Resorts (OTC: CWLDF) after merger discussions were leaked in media outlets, CNBC reported. What Happened Wynn Resorts was looking to buy Crown, which would give it...

Wynn Resorts, Limited (NASDAQ: WYNN) traded higher by more than 7 percent Monday after March gaming revenue in Macau was better than feared. Technical traders will be watching Monday’s close closely to see if Wynn can break above a key technical resistance level for the first time since June...

The Nevada Gaming Control Board on Thursday released its report on gaming revenue for the Las Vegas area in February. What Happened Nevada's non-restricted gaming licensees reported a total “gaming win” of $1.011 billion in February, a 0.6-percent year-over-year decrease. Statewide...

Casino stocks are off to a hot start in 2019. While Credit Suisse analyst Cameron McKnight said the outlook for Las Vegas is bullish, the analyst said in a Friday note that the Macau market may be much more difficult in coming quarters. Las Vegas Booming McKnight said he is positive on the U.S...

Notable short seller Jim Chanos, the founder and President of Kynikos Associates, told CNBC's Sara Eisen in an interview Thursday he has been short casino operators Las Vegas Sands Corp. (NYSE: LVS) and Wynn Resorts, Limited (NASDAQ: WYNN) since the summer. What Happened Speaking to CNBC's...

Wynn Resorts, Limited (NASDAQ: WYNN) shares were getting pummeled one day after the casino operator's mixed third-quarter earnings report. The casino operator reported Q3 earnings of $1.68 per share, missing estimates by a penny. Sales came in at $1.71 billion, beating estimates by $...

Casino stocks traded notably higher Thursday in reaction to encouraging data from Macau, considered to be the gaming capital of the world. What Happened Casinos operating in the Chinese hub of Macau recorded their best monthly revenue in four years, Reuters reported. As a whole, revenue for the...

Casino stocks have taken a beating in recent weeks, and one Wall Street analyst says it’s time for investors to step in and buy the dip in a handful of top stocks. The Analyst Jefferies analyst David Katz updated his ratings and price targets for the following gaming stocks: Upgraded Boyd...

Casino stocks with exposure to the Macau region were trading mostly lower Friday morning as gambling revenue in the region rose 12.1 percent in May, but fell short of expectations. What Happened Throughout the month of May, total gambling revenue rose 12.1 percent from a year ago to 25.5 billion...

Las Vegas Sands Corp. (NYSE: LVS) is Morgan Stanley’s new top pick in the gaming sector. Earlier this week, Morgan Stanley raised the price target on Overweight-rated MGM Resorts International (NYSE: MGM) from $40 to $41. For Equal-Weight-rated Wynn Resorts, Limited (NASDAQ: WYNN), the...

Wynn Resorts, Limited (NASDAQ: WYNN) offered an update Wednesday on its financial performance and dividend. While the update was "impressive," the company's ongoing regulatory and legal woes create an overhang, making a bullish stance inappropriate, according to Stifel....

The Nevada state gaming control board released its report on gaming revenue for the Las Vegas area in January. Nevada's non-restricted gaming licensees reported a total “gaming win” of $1.015 billion in January, a 2 percent year-over-year decrease. Statewide revenue is now up 1.5...

The VanEck Vectors Gaming ETF (NYSE: BJK), the only exchange traded fund dedicated to casino and gambling stocks, is up modestly this year and higher by nearly 35 percent over the past 12 months. Bullish data out of Macau cold support further upside for BJK. BJK marked a decade on the market in...

Wynn Resorts, Limited (NASDAQ: WYNN) shareholders have had a rough go of it in recent weeks after CEO Steve Wynn was forced to resign in the wake of sexual misconduct allegations. But while Wynn shareholders are still reeling from the leadership change, Height Securities analyst Stefanie Miller...

Shares of Wynn Resorts, Limited (NASDAQ: WYNN) have gained around 75 percent over the past year, even when including a sharp sell-off in the stock after sexual assault accusations against its CEO Steve Wynn, who resigned Tuesday. Now is a good time for investors to sell the stock,...