gaming industry

It may finally be time for investors to start dipping their toes back into Macau casino stocks. However, Goldman Sachs analyst Simon Cheung believes investors still need to be selective. According to Cheung, Wynn Resorts, Limited (NASDAQ: WYNN) and MGM Resorts International (NYSE: MGM) are Goldman...

It may be premature for Macau casino investors to get too excited about the better-than-expected April gross gaming revenue numbers. JPMorgan analyst DS Kim believes that the majority of the first leg of the Macau recovery rally in stocks has already run its course. According to Kim, Macau...

According to data released by the Macao Gaming Inspection and Coordination Bureau, gaming revenue in the month of April came in at 17.3 billion patacas, about 9.5 percent lower than April 2016’s number. The 9.5 percent decline came up short of analysts’ consensus expectations of a 13.5...

With revenue in the world's largest gaming destination – Macau, China – still depressed, casino investors are looking to the state of Nevada for some much-needed revenue growth this year. The state's Gaming Control Board has released its report on gaming revenue for the month of...

JPMorgan’s Joseph Greff believes that Las Vegas Sands Corp. (NYSE: LVS)'s stock valuation could be limited to a tight range until there is more evidence of stabilization in the Macau market and the company’s properties in the region. Greff downgraded the rating on Las Vegas Sands from...

After spending considerable time as a drag on the once high-flying consumer discretionary sector, casino and gaming stocks are rebounding this year thanks to signs of stability in Macau, the world's largest gambling center. The combination of stability in Macau, a Chinese territory, and...

Despite Wynn Resorts, Limited (NASDAQ: WYNN) being the “best share price performer” year-to-date, Citi’s Anil Daswani believes that there is plenty of upside potential remaining. The analyst maintained a Buy rating on the company, while raising the price target from $101 to $...

According to data released by the Macao Gaming Inspection and Coordination Bureau, gaming revenue in the month of February came in at 17.9 billion patacas, about 16.3 percent lower than February 2016’s number. The 16.3 percent decline came up short of analysts’ consensus expectations...

This year certainly has been a strange one so far for the U.S. stock market. Thursday marks the end of a volatile Q1, which started out looking like it could be one of the worst quarters for the market in recent history. By mid-February, the S&P 500 was down more than 10 percent on the year....

Maybe the only place more excited about March Madness than the campuses of the schools that made the tournament is Las Vegas. Around $9 billion in legal and illegal bets were placed on the tournament last year, and Vegas casino operators Las Vegas Sands Corp. (NYSE: LVS), Wynn Resorts, Limited (...

Moody's Investors Service has placed Macau's Aa2 government issuer rating on review for downgrade amid a drop in gaming revenues. This is a negative read-through for companies like Las Vegas Sands Corp. (NYSE: LVS), Wynn Resorts, Limited (NASDAQ: WYNN), MGM Resorts International (NYSE: MGM) and...

According to data released by the Macao Gaming Inspection and Coordination Bureau, gaming revenue in the month of February came in at 19.5 billion patacas, only about 0.1 percent lower than February 2016’s number. Shares of Melco Crown Entertainment Ltd (ADR) (NASDAQ: MPEL), Las Vegas Sands...