|Bid||106.36 x 800|
|Ask||106.51 x 800|
|Day's Range||105.01 - 109.46|
|52 Week Range||92.50 - 203.63|
|Beta (3Y Monthly)||0.80|
|PE Ratio (TTM)||18.76|
|Earnings Date||Jan 21, 2019 - Jan 25, 2019|
|Forward Dividend & Yield||3.00 (2.81%)|
|1y Target Est||126.53|
While several digital initiatives and domestic ventures aid MGM Resorts' (MGM) top line, high debt burden and increased competition hurt its profitability.
1060 Capital LLC is a young hedge fund launched in 2013 by Brian Gustavson and Andre Haley. Its headquarters are in Chicago, Illinois. Before starting his own firm, Brian Gustavson was employed at Balyasny Asset Management, first as an analyst, and then later as a Senior Portfolio Manager. While at Balyasny, Mr. Gustavson sharpened his […]
Maurice Wooden, a longtime Wynn executive who is currently president of Wynn Las Vegas, will leave at the end of the year, the company said in a statement Friday. The Journal article also reported that he paid a $7.5 million settlement to a manicurist at his Wynn Las Vegas resort who in 2005 told people that Mr. Wynn had forced her to have sex with him.
Casino operator Wynn Resorts said on Friday it has made a number of changes to its senior executive team. Wynn said it appointed Marilyn Spiegel president of Wynn Las Vegas, Scott Moore chief marketing ...
LAS VEGAS , Dec. 14, 2018 /PRNewswire/ -- Wynn Resorts Limited (NASDAQ: WYNN) today announced several changes to its senior executive team, including the return of experienced resort executive Marilyn ...
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.
The company has been in focus ahead of a planned merger with Pandora (NYSE:P). The company will next report results on Jan. 23 before the bell. Analysts are looking for earnings of 6 cents per share on revenues of $1.5 billion.
Kai Liekefett, Leader of Shareholder Activism at Sidley Austin When Starboard Value shocked corporate America by winning all 12 board seats at Darden Restaurants in a 2014 proxy fight, other companies were spooked into conceding seats to avoid embarrassment. But since then, companies have been less likely to give up seats as big shareholders took […]
NEW YORK, Dec. 10, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
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 […]
(Bloomberg Opinion) -- If any worsening of the trade war leads China to call for a boycott of U.S. companies, America’s casino kings will be sweating.
LAS VEGAS (AP) — A former Wynn Resorts shareholder is suing company founder Steve Wynn and former and current executives and board members, saying that his stock fell in value because they concealed information about sexual harassment accusations that led to Wynn's resignation.
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.
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.