|Bid||0.00 x 800|
|Ask||0.00 x 1400|
|Day's Range||56.47 - 58.21|
|52 Week Range||47.39 - 81.45|
|Beta (3Y Monthly)||0.89|
|PE Ratio (TTM)||12.01|
|Forward Dividend & Yield||3.00 (5.29%)|
|1y Target Est||N/A|
The legal reasoning behind the Justice Department’s unusual reversal this week of an opinion that paved the way for online gambling hewed closely to arguments made by lobbyists for casino magnate and top Republican donor Sheldon Adelson. In April 2017, one of the lobbyists sent a memo to top officials in the Justice Department, arguing that a 2011 opinion that benefited online gambling was wrong. Officials in the department’s Criminal Division, in turn, forwarded it to the Office of Legal Counsel, which had issued the opinion, and asked attorneys there to re-examine their stance that a law on the books for decades didn’t prohibit online gambling, according to documents and interviews with people familiar with the matter.
The time may have come to invest in Las Vegas casinos, Morgan Stanley says, given low valuations and factors like continuing strong consumer consumption and increased capacity on flights to the city.
Today we are going to look at Las Vegas Sands Corp. (NYSE:LVS) to see whether it might be an attractive investment prospect. In particular, we'll consider its Return On Capital Read More...
Las Vegas Sands' (LVS) top line in fourth-quarter 2018 is likely to be driven by robust performance of Las Vegas operations and Sands Macao.
Changes to sports betting laws are shifting the ground beneath American gambling. Investors won’t want to get caught unaware.
Las Vegas Sands (LVS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The Department Of Justice could struggle to defend a new opinion that threatens the legality of online gambling, an analyst has said.
The U.S. Justice Department will effectively prohibit online gambling and lottery businesses, experts said on Tuesday, after it decided to broaden its interpretation of rules governing interstate sports gambling to other forms of betting. The department's Office of Legal Counsel said in a November 2018 opinion, not released until late Monday, that a 1961 law called the Wire Act does in fact apply to interstate online poker and casino games, not just sports bets. The Department of Justice (DOJ) said on Tuesday it would delay implementation of the new restrictions for 90 days to allow businesses to adjust their operations.
We expect the turnaround in Macau and improved non-gaming revenues, coupled with expansion in the domestic market, to aid Wynn Resorts (WYNN).
Penn National (PENN) continues with acquisition strategies that help the company expand presence as well as improve revenue yields.
Macau impressed investors with better-than-expected revenues for the second successive quarter. Moreover, gambling revenues from the region also surged 16.6% in December.
Gaming stocks Wynn Resorts, Las Vegas Sands, MGM Resorts and Melco Resorts & Entertainment got a boost after Macau gaming revenue came in above views.
Revenue in China's only legalized gaming region jumps double digits for the second consecutive year.
Weak economic data out of China is roiling global markets, sending U.S. stock futures trading dramatically lower this morning. Activity jumped to 317% of the average daily volume, with 67,930 total contracts traded.
(Refiles to connect with snaps, no change to text) Jan 1 - Gambling revenue in Macau rose 14 percent in 2018, the second consecutive year of gain as demand to wager in the Chinese territory continued to ...
Jan 1 - Gambling revenue in Macau rose 14 percent in 2018, the second consecutive year of gain as demand to wager in the Chinese territory continued to rebound from a prolonged slump. December was also ...
While several digital initiatives and domestic ventures aid MGM Resorts' (MGM) top line, high debt burden and increased competition hurt its profitability.
Speaking to CNBC's Eisen from the sidelines of the Yale CEO Summit, Chanos, a longtime bear on China, said he identified a short opportunity in American casino operators with operations in Macau. American operators need to renew their gaming licenses with Chinese authorities as early as next year, as licenses expire in 2020 and 2021, Chanos said.
At least 20 states will look to legalize sports betting in the new year. Yahoo Finance's Julie Hyman, Adam Shapiro, Brian Sozzi and Richard Auxier of the Urban Institute discuss.
The gaming sector's mass market is performing best, while the VIP segment is seeing "choppiness," says Grant Govertsen of Union Gaming Group. That's why Las Vegas Sands, a "mass-market juggernaut," is a safe way to play the market, he says.