Casino-resort giants Las Vegas Sands and Wynn Resorts have both had to deal with the fallout from shrinking revenue in the Asian gaming capital of Macau over the past couple of years. Yet recently, signs of a potential turnaround in Macau have helped bring about a rebound for the two stocks.
Casino-resort giants Las Vegas Sands and Wynn Resorts have both had to deal with the fallout from shrinking revenue in the Asian gaming capital of Macau over the past couple of years. Yet recently, signs of a potential turnaround in Macau have helped bring about a rebound for the two stocks.
They presently have a GBX 800 target price on the stock, down from their prior target price of GBX 870 . Goldman Sachs’ target price points to a potential downside of 8.20% from the stock’s previous close.
They presently have a GBX 800 target price on the stock, down from their prior target price of GBX 870 . Goldman Sachs’ target price points to a potential downside of 8.20% from the stock’s previous close.
Macau’s gaming recovery took another step forward in February, and gaming stocks are starting to price in more optimism than we’ve seen in two years. Monthly gaming revenue was down only slightly to $2.45 billion, as comparisons got easier and a slow recovery started to form.
Macau’s gaming recovery took another step forward in February, and gaming stocks are starting to price in more optimism than we’ve seen in two years. Monthly gaming revenue was down only slightly to $2.45 billion, as comparisons got easier and a slow recovery started to form.
FoFo Gilich, right, mayor of Biloxi, Miss., is interviewed by Howard Stutz in his office at Biloxi City Hall on Wednesday, Aug. 12, 2015. writes the weekly column Inside Gaming, reflecting what is happening in the industry.
FoFo Gilich, right, mayor of Biloxi, Miss., is interviewed by Howard Stutz in his office at Biloxi City Hall on Wednesday, Aug. 12, 2015. writes the weekly column Inside Gaming, reflecting what is happening in the industry.
MarketWatch rounded up 10 of the most interesting money stories published over the past week that readers might have overlooked. Donald Trump’s competitors for the Republican presidential nomination are quick to attack him over how he treats workers and customers.
MarketWatch rounded up 10 of the most interesting money stories published over the past week that readers might have overlooked. Donald Trump’s competitors for the Republican presidential nomination are quick to attack him over how he treats workers and customers.
I’m a College student from India, Bach. degree in engineering but I’m more interested to get into the gaming industry.
I’m a College student from India, Bach. degree in engineering but I’m more interested to get into the gaming industry.
Exactly two years ago, shares of Wynn Resorts peaked around $233 after an amazing 20-month, parabolic rally that tripled the stock price from the 2012 low near $73. The decline off that March 2014 high took about the same time as the rally did, and ended at the October 2015 low near $50, below the origin of the parabolic pattern.
Exactly two years ago, shares of Wynn Resorts peaked around $233 after an amazing 20-month, parabolic rally that tripled the stock price from the 2012 low near $73. The decline off that March 2014 high took about the same time as the rally did, and ended at the October 2015 low near $50, below the origin of the parabolic pattern.
This 1997 concert at the MGM Grand in Las Vegas, Nevada, is one of the very few Bee Gees performances filmed. The music special showcases many of the group’s disco and pop hits.
Nisa Investment Advisors decreased its position in shares of Wynn Resorts, Limited by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,111 shares of the casino operator’s stock after selling 300 shares during the period.
Nearly one year after her daughter won $150,000, Deborah Helm cashed in four tickets for $400,000 in lottery winnings. Helm cashed in the tickets March 2 during the Virginia Lottery’s Cash 5 day drawing.
Officials said Friday in a statement that it will work with lawmakers, regulators, law enforcement and the gaming industry to offer research and information and promote best practices.
Officials said Friday in a statement that it will work with lawmakers, regulators, law enforcement and the gaming industry to offer research and information and promote best practices.
Sands Cares, the global corporate citizenship program of Las Vegas Sands , donated $10,000 to NevadaGIVES, the nonprofit organization behind Nevada’s Big Give, an initiative that is seeking to empower every Nevadan to effect positive change throughout the state. Nevada’s Big Give is an opportunity for Nevada charities to raise money for their respective causes and is a vehicle for donors of all amounts to give funds where they live, thereby creating a statewide culture of giving.