|Bid||0.00 x 4000|
|Ask||0.00 x 2200|
|Day's Range||31.16 - 31.65|
|52 Week Range||29.53 - 38.41|
|PE Ratio (TTM)||9.42|
|Earnings Date||Jul 25, 2018 - Jul 30, 2018|
|Forward Dividend & Yield||0.48 (1.36%)|
|1y Target Est||38.82|
What happens in Las Vegas could have a ripple effect across the country if 50,000 casino-hotel workers employed at more than 30 of the city's world-famous resorts go on strike at any time starting next week. If members of the union that includes hotel and food workers don't show up to work, it could cost the destination millions and lead to travel woes for anyone taking a vacation or business trip to Sin City. The last time casino-hotel workers went on strike across Las Vegas, the job action lasted 67 days and cost workers and the city more than $1 million a day each in lost wages and revenues, not counting gambling losses.
Las Vegas casino owners expressed confidence they can reach a deal with union employees, who are threatening the first strike there since 1984. Members of Unite Here’s culinary and bartenders unions are seeking new agreements on wages and issues such as workplace safety, subcontracting and new technology, according to a statement. “A strike is a last resort,” Geoconda Argüello-Kline, secretary-treasurer of the union, said in the statement.
Las Vegas' economy is stronger than just gaming, but a strike would hurt. About 25,000 members of the city's Culinary Union voted Tuesday night to approve a strike on June 1 if they can't reach a deal with casino owners when the current labor contract expires on May 31. If the contract, which covers 50,000 workers at 34 different casino resorts on the Las Vegas Strip and downtown Las Vegas, does expire it would definitely hurt the city, but Vegas has been able to diversify its economy enough to where it would not be crippling, Union Gaming analyst John DeCree told TheStreet on Wednesday.
LAS VEGAS (AP) — What happens in Las Vegas could have a ripple effect across the country if 50,000 casino-hotel workers employed at more than 30 of the city's world-famous resorts go on strike at any time starting next week.
LAS VEGAS, May 22, 2018 /PRNewswire/ -- Suze Orman has been called "a force in the world of personal finance" and a "one-woman financial advice powerhouse" by USA Today. The two-time Emmy Award-winning television host and author of nine consecutive #1 New York Times best sellers will impart her wisdom at The MGM Resorts Foundation's 12th annual Women's Leadership Conference (WLC). The conference will be held Aug. 27-28 at MGM Grand Hotel & Casino in Las Vegas, NV.
ATLANTIC CITY, N.J. (AP) — The prospect of legal sports betting throughout the United States has prompted a flurry of deals among gambling and technology firms who want a foothold in the billion-dollar industry.
On Monday, the Supreme Court overturned PASPA (the Professional and Amateur Sports Protection Act that effectively banned commercial sports betting in most states), opening the door to legalizing the estimated $150 billion in illegal wagers on professional and amateur sports that Americans make every year.
The nine justices recently ruled the decades-long federal ban on sports betting violates the constitution. The Supreme Court said that in the absence of specific regulations enacted by Congress, states can allow sports betting. With more than 30 states about to enact regulations that would allow sports betting within their borders, sports betting is an industry on the rise.
Sports gambling will be a big business, but probably not as big as the $150 billion number being tossed around, this Ohio State professor says in the Conversation.
Back to the Futures After yesterday’s selloff in equities, the S&P 500 (NYSEARCA:SPY) may attempt a bounce here off of down-trendline support at 2711. The last time a down trendline was broken to the upside on the index since volmageddon occurred in early February, the breakthrough was negated 6 days later. Nasdaq futures (NASDAQ:QQQ) are […] The post Market Morning Roundup: Amazon Fumes, Medical Cannabis to Follow Sports Betting? appeared first on Market Exclusive.
All three major indices closed Tuesday's session in the red, with the Dow Jones Industrial Average snapping an eight-day winning streak and the Dow and Nasdaq suffering their worst single-session drop in three weeks. The Dow fell 0.78%, or 193 points to 24,706, while the Nasdaq fell 0.81%, or 60 points to 7,352, while the S&P 500 fell 0.68%, or 19 points to 2,711. Seattle passed a tax on businesses in the city making more than $20 million annually, and two of the international businesses that were started in the city are voicing their displeasure.
Caesars has been focused on digital and mobile platforms and the sports-betting ruling plays right into that, CEO Mark Frissora says. Caesars Entertainment CZR is in the "best" position to take advantage of legal sports betting, its CEO Mark Frissora told CNBC on Tuesday. The U.S. Supreme Court ruled Monday that states can legalize sports betting, breaking up Nevada's monopoly on the practice.
Americans lose billions of dollars a year on sports betting, but stand to lose billions more if such wagers become commonplace nationwide. On Monday, the Supreme Court struck down a 25-year federal ban on sports betting outside of Nevada, currently the only state in the nation where it’s legally permitted. In a ruling that clears the way for states to legalize sports betting, Justice Samuel Alito sided with the state of New Jersey in its six-year battle to legalize sports betting.
The Supreme Court decided on Monday that the federal ban on sports betting that’s been in place for more than a couple of decades is an unconstitutional measure. In that as many as 32 states are already putting together rules that would govern sports betting within their jurisdiction, however, it’s pretty clear that the sports gambling landscape will be changing soon, and in a big way. To that end, here’s a run-down of the gaming stocks that will see the most benefit from legalized sports betting.
The scope for the casino operators will intensify if the betting gets legalized in other states as the illegal betting in the United States is valued at billions of dollars annually.
Mellanox Technologies, MGM Resorts International, BP, Texas Instruments and Intuitive Surgical highlighted as Zacks Bull and Bear of the Day
MGM Resorts (MGM) has witnessed a significant price decline in the past four weeks, and is seeing negative earnings estimate revisions as well.
-- Las Vegas, NV - August 3, 4, 8, 10, 11 -- Atlantic City, NJ - August 25 & 26 -- National Harbor, MD - August 29 & 30 -- Springfield, MA - September 1 TICKETS ON SALE MONDAY, MAY 21 AT 10AM PT LOS ANGELES ...
LAS VEGAS (AP) — Nevada for years was the only game in town if you wanted to place a bet on your favorite team. Federal law prohibited sports wagering in most states, leaving sports books in the Nevada's casinos as the only way to bet legally on football, basketball and other sports.
WASHINGTON (AP) — The Latest on the Supreme Court ruling striking down a federal law that bars gambling on football, basketball, baseball and other sports in most states (all times local):
Here’s a quick wrap up of other headlines making news today.