Resorts & Casinos
(WYNN) Wynn Resorts Broken or a Buy?
Are the casinos with Macau operations at the top of their game, with no where to go but down? That’s a question gaming investors are asking after the reaction to Wynn Resorts (WYNN) earnings miss last week where the stock...
(MGM) MGM Resorts International Narrows Loss
MGM Resorts International (MGM) reported second quarter 2011 adjusted loss of 8 cents per share narrower than the Zacks Consensus Estimate of a loss of 13 cents per share. The better-than-expected result was...
(WYNN) Wynn Resorts Downgraded to Neutral
We recently downgraded our rating on Wynn Resorts Limited (WYNN) to Neutral from Outperform. The company, along with its subsidiaries, is a leading developer, owner and operator of destination casino resorts...
(LVS) Las Vegas Sands Unit Sands China to Obtain New Credit
Sands China Ltd., a majority owned subsidiary of Las Vegas Sands Corp. (LVS) announced that it will receive $3.5 billion in loan under a new credit facility. The unit will also have the option to raise an...
(LVS) Las Vegas Sands Earnings Disappoint
Las Vegas Sands Corp. (LVS) recorded adjusted earnings of 37 cents per share in the first quarter of 2011, which fell shy of the Zacks Consensus Estimate of 44 cents but improved considerably from 7 cents...
(WYNN) Wynn Resorts Limited – Bull of the Day
Wynn Resorts (WYNN) first quarter 2011 earnings beat the Zacks Consensus Estimate with higher-than-expected top-line growth. With the global economy showing gradual recovery, the company is experiencing an...
(WYNN) Wynn Resorts Ltd – Revenue for the Fourth Quarter Was Up 53%
Wynn Resorts Ltd (WYNN) recently hit a new multi-year high above $126 as the company’s China based Macau resort continues to see huge gains. With a recent 44% earnings surprise and bullish 33% growth projection, this...
(WYNN) Wynn Resorts Limited Fourth Quarter 2010 Earnings Scorecard
Wynn Resorts Limited (WYNN), a leading developer, owner and operator of destination casino resorts, posted better-than-expected fourth quarter 2010 results on February 10, 2011, buoyed by solid performance...
(MGM) MGM Resorts International Earings Report Beats The Street
MGM Resorts International (MGM) reported its fourth-quarter 2010 adjusted loss of 20 cents per share as compared with the Zacks Consensus Estimate of 22 cents loss per share and the year-earlier loss of 21...
(WYNN) Wynn Resorts Fourth Quarter Report Smashes Estimates on Macau Growth
Wynn Resorts Ltd. (WYNN) reported its fourth-quarter 2010 adjusted earnings of 91 cents per share, handily beating the Zacks Consensus Estimate of 63 cents and well above the year-earlier earnings of 8 cents....
(WYNN) Wynn Resorts Limited – Bull of the Day
Wynn Resorts (WYNN) third quarter 2010 earnings were below the Zacks Consensus Estimate, but results improved on a year-over-year basis primarily driven by higher-than-expected top-line growth. With the global...
(WYNN) Wynn Resorts Limited – Bull of the Day
Wynn Resorts, Ltd. (WYNN) third quarter 2010 earnings results improved on a year-over-year basis, primarily driven by higher-than-expected top-line growth.
With the global economy showing a gradual...
(MPEL) Macau is “Vegas of the East” – a $22 Billion Cash Mine
by Alexander Moschina, Investment U Research
Wednesday, November 10, 2010
Just 40 minutes from Hong Kong, the chips are rattling… the slots are ringing… and casino operators are raking in enormous sums of money.
While gambling revenue in...
(WYNN) Wynn Resorts Limited Misses Earnings Forecast – Beats Revenue
Wynn Resorts Limited (WYNN) reported third quarter 2010 adjusted earnings of 39 cents per share, below the Zacks Consensus Estimate of 41 cents, but above the year-ago quarter earnings of 33 cents. On a GAAP...
(MGM) MGM Resorts International Announces New Chief Operating Officer
MGM Resorts International (MGM), one of the world’s leading global hospitality companies, recently announced the promotion of Corey Sanders to chief operating officer (COO). Over a year ago, Mr. Sanders...
(WYNN) Wynn Resorts Limited Revamps Las Vegas Room
Wynn Resorts Limited (WYNN), which along with its subsidiaries is a leading developer, owner and operator of destination casino resorts with properties in Las Vegas and Macau, announced recently that it has...
(WYNN) Wynn Resorts Limited – Bull of the Day
We have an Outperform rating on Wynn Resorts (WYNN) as the company’s second quarter 2010 earnings were well ahead of the Zacks Consensus Estimate. They were primarily driven by better-than-expected...
(LVS) Las Vegas Sands Resumes Building on Macau Project
Las Vegas Sands Corp. (LVS), the casino company controlled by Sheldon Adelson, recently announced that the development of the next phase of Cotai Strip project (Parcels 5 & 6) in Macau, suspended in 2008...
(WYNN) Wynn Resorts’ Quarterly Earnings Beat Estimate
Wynn Resorts Limited (WYNN) reported first quarter earnings of 26 cents, well ahead of the Zacks Consensus Estimate of 14 cents. The company had incurred a loss of 27 cents per share in the year-ago quarter.
The...
(MGM) MGM Mirage to Report Earnings Loss
Recently, MGM Mirage (MGM) announced that it would report a loss in the first quarter as a result of an impairment charge associated with CityCenter, its joint venture project with Dubai World, the real estate...
(WYNN) Wynn Resorts Abandons Philadelphia, Pennsylvania Project
Wynn Resorts Ltd. (WYNN) has abandoned its plan of a casino project construction in Philadelphia, Pennsylvania.
Last Thursday, the company announced that it had terminated all agreements and negotiations...
(LVS) Casino Stocks Feel Macau Limits on Gaming Growth
Recently, the Macau government announced its plan to limit casino growth in the region. According to the plan, new projects would not be approved while only 500 new gaming tables will be allowed in the next three years. The Macau government, which derives nearly 70% of its...
(MGM) MGM Mirage Raises $826 Million in Debt Offering
On Wednesday, MGM Mirage (MGM) closed a debt offering and raised approximately $826 million. The company used the proceeds from this offering to fulfill certain requirements for its amended credit facility...
(MGM) MGM Mirage’s Contractor Plans CityCenter Project Liens
The primary general contractor of MGM Mirage’s (MGM) $8.5 billion CityCenter project on the Las Vegas Strip is planning to take legal action against its owners.
MGM Mirage, which owns CityCenter in...
(WYNN) Wynn Resorts Misses Expectations – Narrows Loss
Wynn Resorts Ltd.’s (WYNN) fourth quarter earnings of 8 cents per share missed the Zacks Consensus Estimate of 12 cents. The company had earned 7 cents per share in the year-ago quarter.
For the...
(LVS) Las Vegas Sands’ Earnings Report Meets Forecast
Las Vegas Sands Corp. (LVS) reported fourth quarter earnings of 3 cents per share, a penny over the Zacks Consensus Estimate. The company had incurred a loss of 4 cents in the year-ago period. Results reflected...
(CNTY) Three Stocks Ready to Benefit from the Economy’s Newfound Strength
by Marc Lichtenfeld, Advisory Panelist
Friday, February 12, 2010: Issue #1196
The...
(WYNN) Wynn Resorts Coverage Initiated at Neutral
We are initiating coverage on Wynn Resorts Ltd. (WYNN) with a Neutral recommendation. The company, along with its subsidiaries, is a leading developer, owner and operator of destination casino resorts with...
(MGM) MGM Mirage Plans Macau IPO
MGM Mirage (MGM) is marching ahead with its Hong Kong initial public offering (IPO) plan. According to the South China Morning Post, the company is planning to raise approximately $1 billion through...
(LVS) Las Vegas Sands’ Casino Projects Are On Track
Las Vegas Sands’ (LVS) expansion projects are right on track. Sands’ Chief Executive Officer, Sheldon Adelson, expects to complete its Macau casino expansion projects within a period of 5 years. Its Singapore...