|Bid||52.89 x 900|
|Ask||52.91 x 1200|
|Day's Range||52.51 - 54.33|
|52 Week Range||48.64 - 81.45|
|Beta (3Y Monthly)||1.01|
|PE Ratio (TTM)||10.93|
|Earnings Date||Jan 22, 2019 - Jan 28, 2019|
|Forward Dividend & Yield||3.00 (5.47%)|
|1y Target Est||66.14|
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.
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.
"One area I'm scratching my head about is the Macau casino guys," Chanos told CNBC's Sara Eisen on Thursday. "We're basically short the U.S. guys ... Wynn and Las Vegas Sands, particularly their Hong Kong-listed Asian operations. In our hedge fund, we're actually long the Chinese operators," he said.
Wynn Resorts (WYNN) dismal performance in 2018 can be primarily attributed to disappointing Macau performance as the company generates almost 80% of revenues from the region.
NEW YORK, Dec. 10, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
NEW YORK, NY / ACCESSWIRE / December 10, 2018 / U.S. stocks closed in the red on Friday as U.S. jobs report fell short of expectations and uncertainty over the U.S. -China trade talk spur markets lower. ...
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work through how we can use Return Read More...
A slowdown in Macau prompted UBS to lower its estimates for big casino operators. Where we were: Casino stocks have been far from lucky in 2018, hit by downbeat gambling revenues. Where we’re headed: UBS thinks activity will be lower for the year in Macau.
Casino stocks started the week on a roll. Wynn Resorts WYNN , Las Vegas Sands LVS , MGM MGM , and Melco Resorts & Entertainment MPEL blasted higher on strong revenue out of Macau in November and the temporary relief of trade tensions between the U.S. and China. "Macau basically has been a second coming for both Wynn and LVS," Boris Schlossberg, managing director of FX strategy at BK Asset Management, said on CNBC's " Trading Nation " on Monday.
The Insider Monkey team has completed processing the quarterly 13F filings for the September quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors endured a torrid quarter, which certainly propelled them to adjust their equity holdings so as to maintain the desired risk profile. As […]
Las Vegas Sands CEO and Republican megadonor Sheldon Adelson is prepared to not finance congressional fundraising committees in 2020 if they do not improve their techniques.
Investing.com - Casino stocks jumped in midday training after Macau gaming revenue growth was higher than expected in November after months of slowing expansion due to trade war worries and a curb in the Chinese economy.
HONG KONG, Dec 1 (Reuters) - Gambling revenue in the Chinese territory of Macau rose 8.5 percent in November from a year earlier to 25 billion patacas ($3.1 billion), bolstered by solid demand from Chinese ...
Gambling revenue in the Chinese territory of Macau rose 8.5 percent in November from a year earlier to 25 billion patacas , bolstered by solid demand from Chinese punters keen to play in the country's ...
MACAO , Nov. 29, 2018 /PRNewswire/ -- Sands China Ltd. honoured several of its outstanding suppliers Wednesday at The Venetian ® Macao , at the 2018 Sands Supplier Excellence Awards. A global initiative ...
In the November 6 midterm election, voters in Florida passed a measure that was favorable for the Walt Disney Company (DIS). The passage of Amendment 3 makes it harder to open new casino establishments in Florida. With the passage of the ballot measure, no new casino business can open in Florida unless it receives 60% statewide voter approval.
NEW YORK, NY / ACCESSWIRE / November 27, 2018 / Wall Street closed up on Monday as oil prices stabilized and giant tech stocks such as the FAANG (Facebook, Amazon, Apple, Netflix and Google-parent Alphabet), ...
In a note to clients on Thursday, Bernstein's Vitaly Umansky initiated coverage on four of the largest U.S. gambling companies, who have all sharply underperformed the broader market this year, as outlined by Barron's. Shares of Las Vegas Sands Corp. ( LVS) and MGM Resorts International ( MGM) have sunk 22.4% and 20.6% YTD, respectively. While some of the downside can be attributed to company-specific headwinds, like allegations of sexual misconduct at Wynn, the Bernstein analyst noted that most of the negative sentiment has been driven by disappointing Macau gambling data.
While Las Vegas Sands (LVS) has an edge over MGM Resorts (MGM) in terms of projected EPS, the latter has a better debt-to-asset ratio.