Casinos & Hotels
Casinos & Hotels Articles
500.com Ltd. is supposed to be the lottery stock investment for China. It turns out that it has been a losing ticket in March, and a secondary offering is only adding insult to injury.
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ThinkstockInternational Game Technology (NYSE: IGT) had a dubious title for a press release. It was named “IGT Re-Aligns to Position for Long-Term Earnings Growth.” The company should ask its...
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Shares of Las Vegas-based casino operator Boyd Gaming took off in after-hours trading Monday after a regulatory filing from activist hedge fund Elliott Associates disclosed that it owns 4.99% of...
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Melco Crown Entertainment, one of Macau's biggest casino operators, said profit doubled in the fourth quarter, thanks to its ability to attract so-called premium mass market gamblers.
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ThinkstockGambling revenue growth on the Chinese island of Macau fell to its lowest level in 15 months in January, rising just 7% to $3.6 billion. The drop is attributed to slowing economic growth in...
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ThinkstockLas Vegas Sands Corp. (NYSE: LVS) reported fourth quarter and full year 2013 results after markets closed Wednesday. For the quarter, the casino and resort operator posted adjusted diluted...
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ThinkstockWhen emerging trends start to slow, they look like they are dying. That may not be the case in Macau, but lower growth rates in China and emerging market panic is spooking the gambling...
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The Macau gambling authority said on Thursday that the island's gambling revenue rose 19% year-over-year in 2013 to $45.2 billion, about seven times the revenue expected from gambling on the Las...
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Thinkstock2013 has been a good year for casino stocks, with shares in the five most heavily traded companies up between 50% and more than 100%. That success has been driven by continuing growth in...
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ThinkstockLess than a month ago, the planned initial public offering (IPO) for Hilton Worldwide Holdings was expected to raise about $1.25 billion that the company would use to pay down debt. The...
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ThinkstockExtended Stay America Inc. (NYSE: STAY) held its initial public offering (IPO) Wednesday morning, selling 28.25 million shares at $20 each. The estimated range for the IPO had been $18 to...
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courtesy of WynnResorts.comIt looks like Wynn Resorts Ltd. (NASDAQ: WYNN) is going to keep its high-end domestic growth ambitions localized to Las Vegas, Nevada. Even if it wants to expand...
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ThinkstockPenn National Gaming Inc. (NASDAQ: PENN) completed on Monday the spin-off of its real-estate holdings into a new REIT, Gaming and Leisure Properties Inc. (G&LP) (NASDAQ: GLPI). The...
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ThinkstockApparently things continue to improve in the world of Macau casinos. A new report from Sterne Agee’s David Bain is raising expectations for the leaders such as Melco Crown Entertainment...
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ThinkstockSFX Entertainment Inc. (NASDAQ: SFXE) held its initial public offering (IPO) Wednesday morning, selling about 3.8 million shares at an IPO price of $13, the top of its proposed range of $11...
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