Casinos & Hotels
Casinos & Hotels Articles
Short sellers have not unilaterally increased their bets against casinos, but there was a rise in the short interest in this sector’s leaders on the August 15 settlement date versus the July 31...
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You have probably seen that the casinos have sold way off of their highs as the economy has softened. Las Vegas gambling revenues were lower in recent data and word of a slowing in gambling has made...
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Bally Technologies Inc. (NYSE: BYI) reported adjusted fourth fiscal quarter earnings per share (EPS) of $0.78 and $246 million in revenues after markets closed yesterday. EPS for the same period a...
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In its latest report on gambling revenues in the state, the Nevada Gaming Commission said that total revenue for June 2012 came in at $832.5 million, down -6% compared with June 2011. For the fiscal...
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China’s Macau gambling and free trade zone managed to show growth in July. While the pace was up by only 1.5% in July on a year-over-year basis, the results were better than expected so the fact...
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Las Vegas Sands Corp. (NYSE: LVS) had already sold off massively due to the slowing trends in Asia. Now things have gone from bad to worse, and the worst of the news flow out of Asia may have not...
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Earlier this year, Las Vegas Sands Corp. (NYSE: LVS) was denied land rights to an expansion project on Macau. The land, called Parcels 7 and 8, was part of a larger project on which the company had...
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In its latest report on gambling revenues in the state, the Nevada Gaming Commission said that total revenue for May 2012 came in at $885.1million, down -10.05% compared with May 2011. For the first...
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Earlier this month Las Vegas Sands Corp. (NYSE: LVS) withdrew its appeal of a decision by the Chinese government that denied the company a permit to construct a new casino on property it had leased...
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It’s been six years since the US Congress outlawed “illegal online gambling” without ever defining what the term meant. Congress did say what it wasn’t however: it is not illegal for a state...
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As of the end of 2011, Las Vegas Sands Corp. (NYSE: LVS) had spent $101.5 million on developing a project in Macau for which it did not have the required land rights. The government had rejected the...
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Caesars Entertainment Corporation (NASDAQ: CZR) has just filed to sell up to $500 million shares of common stock. If you will recall, this was a tiny initial public offering and this will...
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There is a trend happening about gambling in Asia, and it no longer just involves Asian businessmen flying to Las Vegas. This is about Macau, and the pure-play for Macau is Melco Crown...
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Casinos are not generally thought of for having the world’s highest dividend payouts. That may be slowly changing, particularly now that it seems that Las Vegas is fully mature and has more than...
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MGM Resorts International (NYSE: MGM) has been under pressure this morning on news that Kirk Kerkorian and the company were selling shares in a secondary offering. The secondary offering priced,...
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