|Bid||30.15 x 900|
|Ask||0.00 x 3200|
|Day's Range||34.61 - 35.87|
|52 Week Range||19.98 - 36.90|
|PE Ratio (TTM)||6.54|
|Earnings Date||Jul 26, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||37.50|
WallStEquities.com reexplores the Resorts and Casinos industry, which comprises companies that operate standalone resorts, casinos, or a combination of both. Stocks in today's lineup are: Melco Resorts & Entertainment Ltd (NASDAQ: MLCO), MGM Resorts International (NYSE: MGM), Norwegian Cruise Line Holdings Ltd (NYSE: NCLH), and Penn National Gaming Inc. (NASDAQ: PENN).
NEW YORK, NY / ACCESSWIRE / July 13, 2018 / U.S. markets made it in the green on Thursday, pushed higher by rally in information technology and telecom stocks, covering continued uncertainty over trade policy. The Dow Jones Industrial Average gained 0.91 percent to close at 24,924.89, while the S&P 500 Index increased 0.87 percent to close at 2,798.29. The Nasdaq Composite Index jumped 1.39 percent to close at 7,823.92.
CNBC's Jim Cramer suggests alternate investments to the beleaguered casino gaming stocks that have properties in Chinese territory Macau. The "Mad Money" host points to regional players like Boyd Gaming and Churchill Downs as strong ways to play the legalization of sports betting. Scores of industries are affected by the U.S.-China trade war , but for one sector — the international casino operators — the pain is localized, CNBC's Jim Cramer pointed out on Thursday.
Penn National Gaming, Inc. announced today that it will release its 2018 second quarter financial results at 7:00 a.m. ET on Thursday, July 26, 2018 and will host a conference call and simultaneous webcast at 9:00 a.m.
"You got to know when to hold 'em, know when to fold 'em," Kenny Rogers sings in his ballad "The Gambler." Gaming stocks investors should give a listen. Shares of Wynn Resorts WYNN , Las Vegas Sands LVS and MGM Resorts MGM fell nearly 8 percent, 6 percent and 3 percent, respectively after Macau gambling revenue results fell short of expectations. Wynn saw its single worst-day drop since January, when sexual misconduct claims against Steve Wynn were reported, leading to the casino magnate's departure as CEO.
Penn National Gaming, Inc. (PENN:Nasdaq) (“Penn National” or the “Company”) announced that at its meeting today, the Indiana Gaming Commission (“IGC”) approved the Company’s pending acquisition of Pinnacle Entertainment, Inc. (PNK) (“Pinnacle”), subject to customary conditions. The completion of the proposed transaction is contingent on receipt of additional regulatory approvals as well as certain other conditions. Timothy J. Wilmott, Chief Executive Officer of Penn National Gaming, commented, “We appreciate the diligent work of the Indiana Gaming Commission in their review and approval of our proposed transaction.
Penn National's (PENN) consistent business strategies and solid brand recognition bode well for the company. Its presence has also become widespread, courtesy of several acquisition and divestitures.
Zacks Industry Outlook Highlights: Penn National Gaming, Melco Resorts & Entertainment and Stars Group
Perhaps it is because trading stocks can often mirror the thrill of winning big at the blackjack tables, or maybe it is because Las Vegas conjures images of the world’s most flashy brands and businessmen. Regardless of the reason, it is clear that gambling stocks are always among the most popular on Wall Street.
With gamblers splurging online in the wake of FIFA World Cup and the recent court ruling on betting law, a few casino bigwigs seem to optimize opportunities to scale the growth ladder.
Gambling stocks are always among the most popular on Wall Street. Luckily for investors, now is also a great time to be buying gambling stocks, as continued Vegas strength, a great recovery in Macau, and overall international interest in gaming have led to rising share prices. Check out these casino stocks today!
Penn National Gaming, Inc. (PENN:Nasdaq) (“Penn National” or the “Company”), announced today that it has entered into a definitive agreement to acquire the operations of Margaritaville Resort Casino in Bossier City, Louisiana (“Margaritaville”) for approximately $115 million cash in a transaction that is expected to be immediately accretive to operating results upon closing. Timothy J. Wilmott, Penn National’s Chief Executive Officer, stated, “We are pleased to partner with VICI Properties Inc. to structure this tuck-in acquisition of Bossier City’s newest casino resort, which is consistent with our criteria for transactions that are accretive to free cash flow, strategically diversify our revenue and operating base, and present well-defined paths to the realization of significant synergies.
Stock Research Monitor: MLCO, NCLH, and PENN LONDON, UK / ACCESSWIRE / June 18, 2018/ If you want a free Stock Review on MGM sign up now at www.wallstequities.com/registration . On Friday, benchmark US ...
Penn National's (PENN) top line is favored by a strong brand and acquisition strategies. Sincere margin-improvement initiatives also bode well for the company.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Consumer Services sector is rising.
Wynn Resorts (WYNN), which generates a solid share of its revenues from Macau resorts, declines sharply in the past two trading sessions due to soft gambling revenues from the Macau region.
When it comes to playing the Supreme Court decision which effectively legalized sports betting, the best bet looks like second-derivative plays. Walt Disney Co (NYSE:DIS), eBay Inc (NASDAQ:EBAY), CBS Corporation (NYSE:CBS) and MSG Networks Inc (NYSE:MSGN) stocks are all in this category.
A U.S. Supreme Court ruling has opened the door for increased legal sports betting, and several contributors to MoneyShow.com are now placing wagers on which companies will benefit. On May 14, the U.S. Supreme Court issued a decision that struck down a 25-year old law, which was known as the PASPA (the Professional and Amateur Sports Protection Act). Now the Supreme Court has had the final say and the states have won.
Jim Cramer said on CNBC's "Mad Money Lightning Round" that Procter & Gamble Co (NYSE: PG ) has a good yield. He thinks the company is going to turn around and he likes the fact that Nelson Peltz ...
Jim Cramer suggests alternate investments to the beleaguered casino gaming stocks that have properties in Chinese territory Macau.