Las Vegas Sands, Wynn, MGM Shares Rise After Macau Proposes New Rules

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CNBC

Caesars averts strike as casino operator in deal with Las Vegas unions

The unions representing hospitality workers in Las Vegas reached a tentative deal with Caesars Entertainment for a new labor contract covering about 10000 employees on Wednesday, two days before a strike deadline was set to expire. The Culinary Workers and Bartenders Unions said the five-year contract would cover workers including attendants,…

Travel ・ 09 November 2023

CNBC

Stocks making the biggest moves premarket: PG&E, Lyft, Las Vegas Sands, more

Planet Fitness - Shares of the gym franchise jumped nearly 3% in premarket trading after Raymond James upgraded the stock to strong buy from market perform. The Wall Street firm said the company has a resilient and recession-resistant business with no interest rate risk and very little near-term debt maturities. Meanwhile, its current valuation is…

Travel ・ 26 September 2022

The Street

Las Vegas Sands Stock Leaps As Macau Eases Covid-Era Gaming Rules

Las Vegas Sands (LVS) shares lead U.S. casino operators sharply higher Monday after officials in the city of Macau, the world's largest gaming hub, agreed to allow tour groups from mainland China for the first time in nearly three years. Macau, a Special Administrative Region of the People's Republic of China, said group visits - heavily restricted…

Covid ・ 26 September 2022

Seeking Alpha

Las Vegas Sands: Capitulation Here Or Near

Owning it: I have been following the shares of Las Vegas Sands (NYSE: LVS) for five years, for any number of reasons that most investors share with me. It is the global leader of the gaming industry, having been built from the Las Vegas legacy of the original Sands, home of the famous Rat Pack of Frank Sinatra, and decades later, its extension to…

Travel ・ 22 September 2022

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Money Control

Casino firm Genting Singapore draws takeover interest

Genting Singapore Ltd., one of the city-state's two casino operators, is attracting takeover interest as tourists start coming back to the Asian travel hub, people with knowledge of the matter said. While thoUS rival MGM Resorts International recently approached the firm's controlling shareholder, the billionaire Lim family, to express its interest…

Covid ・ 15 July 2022

Investing

Entain Tumbles as Slowdown in Online Gambling Hits 2Q By Investing.com

Stock Markets 29 minutes ago (Jul 07, 2022 07:53AM ET) By Geoffrey Smith Investing.com -- Entain (LON:) shares fell 12% on Thursday to an 18-month low after the owner of the Ladbrokes and Coral betting chains reported a sharp slowdown in online gaming revenue in the first half of the year, suggesting that the boost it had from locked-down customers…

Sports ・ 07 July 2022

Stock News

GDEN: 5 Gambling Stocks Worth Betting On

Online gambling gained traction during the first COVID-19 wave, as people turned into online entertainment due to nationwide lockdowns and traveling restrictions. In addition, the easing of restrictions lately has allowed in-person gambling to regain momentum, thanks to substantial pent-up demand. With the increased use of smartphones and emerging…

Sports ・ 15 June 2022

Vegas Slots Online

Barry Diller Only Receives Two-Year Nevada Casino License

Billionaire Barry Diller has received a two-year casino license in Nevada, pending the outcome of an insider trading investigation. The Nevada Gaming Commission (NGC) announced its decision to limit the license of the major MGM Resorts International shareholder on Thursday. Diller is currently under investigation by the Justice Department and the…

Land-based ・ 20 May 2022

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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…

Finance ・ 27 January 2022

Stock News

GDEN: Feeling Lucky? Consider Betting on These 3 Lesser-Known Casino Stocks

Despite travel restrictions and the shutdown of casinos and other gambling outlets during the worst of the COVID-19 pandemic, the rising popularity and legalization of online gambling and iGaming services have helped the industry rebound since the first COVID-19 wave last year. The strong vaccination drive, the lifting of travel bans, and the…

Finance ・ 26 December 2021

Stock News

LVS: 3 Casino Stocks to Avoid as Macau Announces Increased Government Supervision

The casino industry has experienced a decent recovery this year with the reopening of brick-and-mortar casinos and the growing popularity of online gambling. However, shares of Macau casino operators declined by approximately one-third of their values, losing about $18 billion, on September 15, as Macau declared stronger supervision of casino…

Finance ・ 20 September 2021