All Posts Tagged With: "MGM"
(HOT) Hotels & Lodging Stock Outlook – January 2012 – Industry Outlook
The hotels and lodging industry shaped up pretty well in 2011 thanks to the gradual global economic recovery, and seems to be poised for long-term growth. With the return of business as well as leisure travelers coupled with decelerating supply growth, pricing power remained...
(ATVI) Activision Blizzard Unveils Two New Games
As competition heats up in the pre-holiday season sales, video game publisher, Activision Blizzard Inc. (ATVI) recently came out with two new adventure games back-to-back, namely Survival: Shadows of...
(CHSI) Catalyst Health Solutions Beats Estimates
Catalyst Health Solutions Inc. (CHSI) reported third-quarter operating earnings of 63 cents per share, beating the Zacks Consensus Estimate of 61 cents. The results also compare favorably with earnings of...
(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...
(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...
(ADP) Stock Market News for January 10, 2011 – Market News
On Friday, the markets sunk to close in the red as financial stocks plunged following the court’s ruling of two foreclosures as invalid. Disappointing jobs growth data also added to the concern of the nervy investors and led the indices down.
(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...
(NFLX) Netflix Announces Application for Apple Devices
A leading provider of online movie rental and Web video subscription services, Netflix Inc. (NFLX) announced the release of its application to Apple Inc.’s (
27Aug2010 | vitalstocks | 0 comments | Continued(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...
(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...
(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 $1 billion through...
(LVS) Las Vegas Sands’ Casino Projects Are On Track
Las Vegas Sands’ (LVS) expansion projects are right on track. Sands’ Chief Executive Officer, Sheldon Adelson, expects to complete its Macau casino expansion projects within a period of 5 years. Its Singapore...
($LVS) Las Vegas Sands Raises $5 Billion in Capital
Las Vegas Sands (LVS) has raised about $5 billion of capital through debt and equity financing to restart its Macau casino expansion projects that it had been compelled to close down last year due to financial...
(LVS) Las Vegas Sands’ Macau Unit Raises $2.5B in IPO
Las Vegas Sands (LVS) Macau unit, Sand China raised $2.5 billion through its Hong Kong initial public offering (IPO). The company has priced the IPO for 1.87 billion shares at HK$10.38 per share, the low end...
($LVS) Las Vegas Sands Corporation Plans Hong Kong IPO
Las Vegas Sands Corporation (LVS) is planning for a Hong Kong initial public offering (IPO) for its Macau assets next month. The company intends to raise up to $2.5 billion through the IPO. The offering is intended to complete in about four weeks after receiving...
(LVS) Macau Casino Growth Threatened?
The explosive growth of the casino industry in Macau may be threatened as the government of Macau ? the Chinese gambling Mecca ? is considering ways to impose restrictions on age, number of tables and locations of casinos.
Yesterday, government officials of Macau met...
(WYNN) Casinos Returning to Blue Chip Status
It’s been no secret that we’ve been bullish on the casino sector for some time. From Doubling down on Casinos and Bank Pullback Exposes Casino Opportunities in April, there has been a lot of potential.
Last week we asked if the casino sector had gotten too hot....
(MGM) MGM Mirage Goes for Private Placement
MGM Mirage (MGM) has just announced its intention to make a private placement of $350 million worth of senior unsecured notes due 2018. The company will use the net proceeds to decrease borrowings under its senior credit agreement and for general corporate...
($LVS) Are Casino Stocks a Gamble Right Now?
Some of the fastest moving companies over the past week have been casino stocks. Las Vegas Sands (NYSE: LVS) and MGM Mirage (NYSE: MGM) have climbed up over 80% and 50% respectively.
And that includes yesterday’s 7% drop. This morning...
(MGM) MGM Mirage Delays Debt Repayment
MGM Mirage (MGM) has offered to exchange a part of its $782 million 8.5% senior notes due next year for up to $500 million of 10.00% Senior Notes due 2016. This swapping would harness liquidity and also allow the company to extend the time to repay its debt...
(BAC) Bank Pullback Exposes Casino Opportunities
by The Investment U Research Team
This morning we received news...