60.99 +0.02 (0.04%)
After hours: 4:17PM EDT
|Bid||60.95 x 1100|
|Ask||61.50 x 3200|
|Day's Range||60.87 - 61.64|
|52 Week Range||59.11 - 81.45|
|PE Ratio (TTM)||12.70|
|Earnings Date||Oct 23, 2018 - Oct 29, 2018|
|Forward Dividend & Yield||3.00 (4.89%)|
|1y Target Est||80.16|
Gambling revenue in Macau is soaring, but individual casino stocks have been down. Harry Curtis, an analyst at Nomura Instinet, said that growth in Macau has been primarily driven by VIP and higher-end gambling over the last few months.
In a bid to fortify existing portfolio of brands and boost non-gaming entertainment service revenues, MGM Resorts (MGM) inks acquisition deal with MGM Growth Properties to buy Rocksino.
Nike Feeds Off Trump Spite Nike’s (NYSE:NKE) advertising campaign featuring Kneeler-In-Chief former NFL quarterback Colin Kaepernick continues to pay dividends, or in this case capital gains, to Nike shareholders, as shares continue to reach new highs. The risky move has paid off, probably from capitalizing on the wave of anti Trump sentiment, who singled out […] The post Market Morning: Kaepernick to Nike for TD, China Tantrum, Teva Headache Abates, Macau Typhooned appeared first on Market Exclusive.
LVS is the only Integrated Resort Company to receive recognition in the DJSI North America in 2018 LAS VEGAS , Sept. 13, 2018 /PRNewswire/ -- Las Vegas Sands Corp. (NYSE: LVS) has once again been recognized ...
China is unlikely to make trouble for U.S. casinos operating in Macau even if the trade war intensifies, says Jonathan Galligan, CLSA gaming analyst. That's because they have contributed to China's goal of turning the former Portuguese colony into a key tourist destination.
U.S. corporations operating casinos in Macau aren't likely targets for Chinese offensives if the trade war between Washington and Beijing worsens, according to Jonathan Galligan, a CLSA analyst. China's goal is to make Macau into an increasingly attractive and diverse tourist destination. U.S. operators Sands, Wynn and MGM have contributed to that, Galligan says.
With China feeling the effects of a trade dispute, its stocks have fallen. The gambling situation in China parallels that of America in the latter 20th century when only Nevada and New Jersey permitted gambling. In China, gambling is only legal in Macau, the former Portuguese colony that now functions as a Special Administrative Region of China.
Details the 52-week lows of the following companies: Schlumberger, Las Vegas Sands, General Motors, Southern Co., The Hartford Financial Services Group and Newmont Mining
If you are interested in cashing in on Las Vegas Sands Corp’s (NYSE:LVS) upcoming dividend of US$0.75 per share, you only have 4 days left to buy the shares beforeRead More...
The economy has been in slow-but-sure recovery over the past several years, but is finally starting to hit the gas. The U.S. is leading the way and now the economy is doing the best it has in years. You’d think that would mean good things for Wynn Resorts (NYSE:WYNN), Wynn stock and other casino names.
MOP 6 million fund benefits children and young adults whose parents were casualties of the typhoon MACAO , Sept. 12, 2018 /PRNewswire/ -- Sands China Ltd. has started a Hato Education Sponsorship Fund, ...
Nevada Partnership for Homeless Youth, Las Vegas Sands Corp. Will Host the Second Annual Southern Nevada Youth Homelessness Summit on Nov. 2 at The Venetian® Resort Las Vegas LAS VEGAS , Sept. 11, 2018 ...
Diane Han is trying to leave the Las Vegas of her childhood behind. Han, 25, grew up in Las Vegas, but went to college in the Bay Area and spent a year there working as a biochemist. The school opened last year to address a chronic shortage of doctors in Southern Nevada and broaden the city’s economic base.
The world’s largest casino company has not built a new casino since it completed its 6th casino in China in 2016. Now, Las Vegas Sands stock finds itself in decline as a U.S.-China trade war concerns its investors. Contrary to the name, most of its revenue no longer comes from Las Vegas or even other American gambling meccas.
Casino stocks are mixed on Monday, along with analysts’ expectations. Where we were: Casinos, especially those with exposure to Macau, have weathered a cruel summer, as gambling data disappointed month after month. Casinos have had a tough time of late, with less-than-encouraging data from Macau buffeting the stocks.
MACAU, Sept. 10, 2018 /PRNewswire/ -- Sands China Ltd. is launching myFITNESS, a new initiative aimed at encouraging good habits for team members' health, physical fitness and well-being. The first campaigns under myFITNESS are Green Mondays and a back-of-house health booth, which encourage team members to eat a more plant-based diet in support of better health and provide team members with health advice. "Sands China is very pleased to introduce this new programme for our team members, which encourages a healthy lifestyle," said Dr. Wilfred Wong, president of Sands China Ltd. "Our company has been a pioneer in green initiatives, such as in the construction of our properties and the efficiency of our operations.
According to GuruFocus list of 52-week lows, these guru stocks have reached their 52-week lows. The price of Philip Morris International Inc. (PM) shares has declined to close to the 52-week low of $78.79, which is 36.2% off the 52-week high of $119.43. The company has a market cap of $122.48 billion.
As goes Macau, so goes casino stocks. That has been the trend this decade for casinos with any exposure to Macau, which is considered by many to be Asia’s far-bigger version of Las Vegas. When things in Macau are going well, casino stocks are in rally mode. When things in Macau aren’t going well, casino stocks struggle.
Top casinos and resorts stocks Wynn Resorts Ltd. (WYNN) and Las Vegas Sands Corp. (LVS) have plunged recently after a U.S. Supreme court ruling in May was perceived to have paved the way for legalized sports betting countrywide. As such, gambling revenues of casino stocks like Wynn Resorts and Las Vegas Sands would have been greatly affected because countrywide legalization would open up opportunities for more players including new startups to join the market. Warning! GuruFocus has detected 3 Warning Signs with WYNN.
(Widens distribution) Sept 1 - Gambling revenue in the Chinese territory of Macau posted a 17 percent gain in August, thanks to active gaming by Chinese betters keen to play in the country's only legal ...
Sept 1 - Gambling revenue in the Chinese territory of Macau posted a 17 percent gain in August, thanks to active gaming by Chinese betters keen to play in the country's only legal casino hub. August's ...