Stop Worrying About Weekly Macau Gaming Revenue, These 3 Trends Matter More
Bradley Seth, McNew, The Motley Fool - Motley Fool - Wed Jul 09, 4:00PM CDT
Gross gaming revenue growth over the prior week is making headlines almost every week, as analysts and investors scramble to adjust their estimates on Macau's gaming industry. This has caused some slight volatility in the prices of the major names...
Shares of Melco Crown Plunge on China Slowdown - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Jul 09, 9:36AM CDT
Share price of Melco Crown Entertainment Limited (MPEL) plunged 7.0% since gross gaming revenues for the month of June was announced.
Will the Gaming ETF Soar if Japan Approves Gambling? - ETF News And Commentary
Zacks Equity Research - Zacks Investment Research - Wed Jul 09, 9:00AM CDT
With Japan poised to legalize gambling, this sector ETF might be ready to soar.
Casinos and Gaming Stocks Review -- Research on Scientific Games, Melco Crown Entertainment, Boyd Gaming, and Wynn Resorts
PR Newswire - Wed Jul 09, 6:10AM CDT
On Tuesday, July 08, 2014, the NASDAQ Composite ended at 4,391.46, down 1.35%, the Dow Jones Industrial Average finished the day 0.69% lower at 16,906.62, and the S&P 500 closed at 1,963.71, down 0.70%. The losses were broad based as nine out of ten sectors ended the session in negative. The S&P 500 Consumer Discretionary Sector Index ended the day at 531.28, down 1.00%, while the index has advanced 4.67% in the previous three months. Investor-Edge has initiated coverage on the following equities: Scientific Games Corp. (NASDAQ: SGMS), Melco Crown Entertainment Ltd (NASDAQ: MPEL), Boyd Gaming Corp. (NYSE: BYD) and Wynn Resorts Ltd (NASDAQ: WYNN). Free technical research on SGMS, MPEL, BYD and WYNN can be downloaded upon signing up at:
'Fast Money' Recap: Waiting for the Dust to Settle
at The Street - Wed Jul 09, 4:00AM CDT
The trading panel discussed the market's fall and how to hedge your positions.
Are Casinos About to Be Hit Hard by a Downturn?
Daniel Jones, The Motley Fool - Motley Fool - Tue Jul 08, 4:00PM CDT
Source: Melco Crown. After news broke on July 1 that Macau's gambling revenue for the month of June had taken a beating, shares of casino operators with a presence in the market popped up. The two biggest movers were Melco Crown Entertainment ...
Wynn Resorts Strong in Macau, Las Vegas Slow - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Jul 08, 3:50PM CDT
On Jul 4, 2014, we issued an updated research report on Wynn Resorts Ltd. (WYNN).
Worst May Lie Ahead For Sands, MGM Resorts In Macau
at Investor's Business Daily - Tue Jul 08, 2:50PM CDT
Macau's gambling-revenue growth may be slowing faster than analysts recently speculated, reports say, which would hurt Las Vegas Sands (LVS) and other Macau-centric casinos. Goldman Sachs' analysts, recently returned from a Macau tour, cut their 2014...
Why Wynn Resorts (WYNN) Stock Is Falling On Tuesday
at The Street - Tue Jul 08, 1:57PM CDT
Wynn Resort (WYNN) stock is lower after it was suggested that the slowing Chinese economy could negatively impact the Macau gambling region.
Melco Crown Became an Even Better Bet After This Boost
Bradley Seth, McNew, The Motley Fool - Motley Fool - Tue Jul 08, 10:54AM CDT
Melco Crown has a new vision for Manila: "Entertainment at its Finest". Photo: City of Dreams Facebook page Melco Crown , as a purely Asian holding, may not be on the radar of many mainstream American investors who are looking at the big names in...
Watch for Wynn Resorts to Potentially Rebound After Falling 1.57% Yesterday
Comtex SmarTrend(R) - Mon Jul 07, 4:33PM CDT
Wynn Resorts (NASDAQ:WYNN) traded in a range yesterday that spanned from a low of $206.40 to a high of $210.93. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $207.64 on volume of 1.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
Wynn Resorts Falls 1.57% on Heavy Volume: Watch For Potential Rebound
Comtex SmarTrend(R) - Mon Jul 07, 4:32PM CDT
Wynn Resorts (NASDAQ:WYNN) traded in a range yesterday that spanned from a low of $206.40 to a high of $210.93. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $207.64 on volume of 1.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
Gambling Stock Roundup: Macau June Results, Caesars Acquisition & Penn National's Strive for Gaming License in Focus - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Jul 07, 1:57PM CDT
Last week began with the release of Macau gross gaming revenues for the month of June by the Gaming Inspection and Coordination Bureau.
Why Las Vegas Sands Is Underperforming in 2014
Travis Hoium, The Motley Fool - Motley Fool - Mon Jul 07, 12:40PM CDT
It may be hard to imagine, but Las Vegas Sands has underperformed the broader market by a wide margin in 2014. This is despite growing revenue 21.4% in the first quarter to $4.01 billion and earnings per share jumping 36.6% to $0.97. But...
A $40 Billion Opportunity in Asia for These Casinos
Wayne Duggan, The Motley Fool - Motley Fool - Mon Jul 07, 9:56AM CDT
There has been a lot of buzz lately about the legalization of gambling in Japan. If Japanese Prime Minister Shinzo Abe gets his way, a $40 billion annual gaming market could be open for business by the end of 2014. This prospect has gaming companies...
Why Melco Crown Has Struggled in 2014
Travis Hoium, The Motley Fool - Motley Fool - Wed Jul 02, 9:45AM CDT
It's been a rough year for gaming stocks, particularly last year's highflier Melco Crown . After climbing 126% last year, the stock was down 11% in the first half of 2014 as some of the shine wore off the stock. MPEL data by YCharts . ...
Macau June Gambling Revenues Decline as World Cup Diverts Bettors - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Jul 02, 8:40AM CDT
According to Macau's Gaming Inspection and Coordination Bureau, gross gaming revenue in Macau for the month of June declined 3.7% to $3.4 billion.
'Fast Money' Recap: Let Your Winning Trades Keep Running
at The Street - Wed Jul 02, 4:00AM CDT
The trading panel discussed yet another closing high for the S&P 500 and DJIA plus what they are buying and selling.
Worst may be over in Macau
at Investor's Business Daily - Tue Jul 01, 5:54PM CDT
Macau officials said total gambling revenue for the Chinese casino resort locale fell 3.7% in June vs. the same month a year earlier, to $3.41 bil, the 1st annual decline for a single month in nearly 5 years. But shares of Macau-centric casinos such...