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Casino ETF Up on Las Vegas Sands' Upbeat Q3 Earnings
Leading international developer of multi-use integrated resorts and casinos
Las Vegas Sands Corp.
( -
Free Report) reported third-quarter 2023 results, with earnings and revenues beating the Zacks Consensus Estimate. The top and the bottom line increased on a year-over-year basis. The stock was up 2.9% on Oct 19, reflecting the upbeat earnings…
Market Watch
China rebound, Las Vegas Strip hotels boost MGM results, stock
Shares of MGM Resorts International MGM rose after hours on Monday after the casino resort operator reported first-quarter results that beat expectations, helped by gains in hotels and casinos on the Las Vegas Strip and a bigger rebound in China. MGM reported first-quarter net income of $479.9 million, or $1.24 a share, contrasting with a loss of…
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Best Stocks
Barclays Increases Las Vegas Sands (NYSE:LVS) Price Target to $57.00
Barclays' research analysts raised their price target for Las Vegas Sands (NYSE: LVS), raising it from $43.00 to $57.00 in a study published on Thursday. The Fly shared the information in their article. The company views the casino operator's shares as an "overweight" investment at present and for the foreseeable future. Compared to the price at…
Review Journal
Macao travel restrictions continue to pummel Las Vegas Sands
Travel restrictions in Macao continued to drag on Las Vegas Sands Corp. earnings, but resiliency in Singapore had company officials feeling optimistic as they reported their third quarter results on Wednesday.
The company reported a net loss of $239 million, 31 cents a share, on revenue of $1 billion for the quarter that ended Sept. 30. A year…
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Barron's
Las Vegas Sands Had a Mixed Quarter. Macau Isn't Helping Yet.
Las Vegas Sands
beat third-quarter revenue expectations, but earnings-weighed down by higher expenses-missed and sales declined in the gaming and lodging giant's Chinese operations.
Las Vegas Sands (ticker:
LVS) reported a third-quarter adjusted net loss of 29 cents per share, wider than estimates for a loss of 24 cents a share. Revenue clocked in…
The Street
Downtown Las Vegas' Fremont St. Casino Brings a Big Name to the City
Las Vegas casinos have had the market cornered on sportsbooks in the city and state thanks to a 2015 law that banned daily fantasy sports operators in Nevada.
In October of that year, the Nevada Gaming Control Board issued a notice for FanDuel, DraftKings (DKNG) -
Get DraftKings Inc. Report
and any other daily fantasy sports operator to cease…
Review Journal
Sands casinos among properties that will be allowed to reopen Saturday morning
Las Vegas Sands Corp., operators of casinos in Macao and Singapore, reported tepid second-quarter revenue results Wednesday as health restrictions in Macao continued to batter resort operators there.
The Las Vegas-based casino company reported a loss of $440 million, 38 cents a share, on revenue of $1.045 billion for the quarter that ended June 30.…
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Times Union
Las Vegas Sands: Q2 Earnings Snapshot
LAS VEGAS (AP) _ Las Vegas Sands Corp. (LVS) on Wednesday reported a loss of $290 million in its second quarter.
The Las Vegas-based company said it had a loss of 38 cents per share. Losses, adjusted for non-recurring costs and to account for discontinued operations, were 34 cents per share.
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The Biggest Casino Wins of All Time
Many of us kick back and daydream about what we would do if we won a life-changing jackpot, be it on a state lottery game or a video slot machine. For a select club of people, that dream has become a reality. There are people out there that have unlocked tens of millions of dollars from the random spin of a slot game or roulette wheel. Fortunately,…
Review Journal
Las Vegas gaming equipment manufacturer PlayAGS narrows losses in fourth quarter
PlayAGS Inc. is hoping to build on the successful conclusion of 2021 and its narrowing of losses, the company's top executive said Thursday.
"If 2020 was the year of resiliency within our business, 2021 was the year of transition," said PlayAGS President and CEO David Lopez. "Supported by the foundational changes put into place over the preceding…
Entrepreneur
Las Vegas Sands (LVS) Q4 Earnings & Revenues Beat Estimates
Las Vegas Sands Corp.
LVS
reported decent fourth-quarter 2021 results, with earnings surpassing the Zacks Consensus Estimate and increasing year over year. Revenues during the quarter beat the consensus mark but declined on a year-over-year basis.
Following the results, the company's shares increased by more than 2% in the after-hour trading…
Market Watch
Caesars stock drops after surprising loss, but recovers after moving up plans to sell a Vegas casino
Caesars Entertainment Inc. reported a surprising loss Tuesday, sending shares lower in after-hours trading, but the stock rebounded after executives outlined plans to reduce a massive debt load that includes the sale of a casino on the Las Vegas Strip.
Caesars
CZR,
-0.29%
on Tuesday reported a third-quarter loss of $233 million, or $1.10 a share,…
Review Journal
Las Vegas Sands Corp. reports third-quarter losses
Las Vegas Sands Corp. reported additional net losses in the third quarter, continuing a wave of losses that began in the first quarter of 2020.
The operator of The Venetian and Palazzo on the Strip and the market leader in Macao on Wednesday reported a net loss of $495 million, 48 cents a share, on revenue of $857 million for the quarter that ended…
Review Journal
Border restrictions in Macao result in losses for Las Vegas Sands Corp.
Las Vegas Sands Corp. on Wednesday warned investors that its China subsidiary operating in the Macao market suffered losses in July and August because of border restrictions imposed by the government.
In a Securities and Exchange Commission filing Wednesday, the company said, "Tighter border restrictions were implemented in Macao affecting…
The Daily Gazette
Bronco Billy's Casino in Cripple Creek considering adding 70 more rooms to hotel project
Owners of
Bronco Billy's Casino
in Cripple Creek are looking at adding more rooms to what already will be the city's largest hotel.
Las Vegas-based
Full House Resorts
is studying whether to accelerate plans to add an additional 70 rooms to the Chamonix Casino Hotel, now under construction adjacent to Bronco Billy's. The two-block-long expansion…
Review Journal
Revenue rebounds, losses narrow for Las Vegas Sands Corp.
Las Vegas Sands Corp. has begun riding the rebound from the coronavirus pandemic, reporting improved second quarter revenue and narrowed losses on Wednesday.
The company reported second quarter net loss of $139 million, 30 cents per share, on revenue of $1.173 billion in the quarter that ended June 30. That compares with a net loss of $757 million,…
Investor Place
3 Casino Stocks to Watch As Land-Based Gambling Declines
Casino stocks have had a tough 2020 due to declining revenue, at least for traditional casino stocks with physical locations and no online games. Still, something unorthodox happened to some casino stocks: soaring stock prices in the face of declining revenues. Are casino stocks now a safe bet on the global economic reopening and the return to…
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