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Online Gambling Sector Shows Strong Growth in Gaming Industry

The gaming industry has experienced significant growth in online gambling. Research firm Insider Intelligence estimates that the amount of money bet on sporting events in the U.S. will increase by 45% to reach almost $137 billion this year. In addition, the revenue from iGaming, which involves betting on traditional casino games online, has surged…
Industry
Online Gambling Sector Shows Strong Growth in Gaming Industry
Barron's

Las Vegas Sands Stock Surges Earnings, Comeback in Macau

Macau-exposed casino stocks gained early Thursday after Las Vegas Sands signaled that a "robust recovery" in travel and tourism spending was under way in the region. The casino operator's earnings and revenue beat expectations in the first quarter, while management flagged positive trends in Macau as well as Singapore. The stock (ticker: LVS)…
Travel
Super Slots
TipRanks

MLCO, MGM, or LVS: Which Casino Stock Could be the Best Bet in 2023?

Stocks of casino operators with exposure to Macau, an administrative region in China and a major gambling destination, have rallied recently on hopes of strong recovery following the easing of COVID-19 restrictions. Moreover, Macau granted new licenses to six casino operators in late 2022 for a period of ten years. Additionally, certain analysts…
Land-based
MLCO, MGM, or LVS: Which Casino Stock Could be the Best Bet in 2023?
Markets Insider

Why Are Casino Stocks WYNN, LVS Up Today?

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Casino stocks are rallying higher on Tuesday on hopes that China will continue relaxing its Covid-19 policies. Those restrictive policies kept a tight lid on local economies and drew the ire of its citizens. Now, investors are looking at potential upside in the country. Wynn…
Finance
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Capital

Macau casino stocks: Can Sands and Wynn see further boost from Beijing license agreement?

Macau casino stocks have jumped since early November. Beijing announcing existing licences will be renewed and hopes of an end/easing in covid restrictions are seen as key reasons for the stock rises. Sands China (Sands China) currently at HK$24 is up over 57% in the last month. Wynn Macau (WYNN)- currently at HK$7.74 is up 121% over the month. MGM…
Finance
Macau casino stocks: Can Sands and Wynn see further boost from Beijing license agreement?
The Motley Fool

Casino Stocks Got Good News, but Investors Remain Wary

The stock market started the week on the wrong foot, as investors focused on threats to the health of the global economy in key areas like China. The Dow Jones Industrial Average ( ^DJI -1.45%), Nasdaq Composite ( ^IXIC), and S&P 500 ( ^GSPC -1.54%) all dropped about 1.5%, giving up a portion of their November gains. Casino stocks have been hit…
Finance
Casino Stocks Got Good News, but Investors Remain Wary
Seeking Alpha

Searching for green shoots with Macau casino stocks (OTCMKTS:WYNMF)

The painfully slow recovery in Macau may have taken another step forward after Macau daily revenue for the week ending November 13 was reported to be 37% higher than the first six days of November. The relative jump in Macau gross gaming revenue was likely tied to mass testing for COVID ended in Macau on November 5, according to Jefferies analyst…
Finance
Seeking Alpha

Wynn Resorts, Las Vegas Sands lead rally in Macau casino stocks on reopening hopes

Macau gross gaming revenue fell 10.7% in October to $3.9B patacas ($482M) compared to a year ago, according to data from the Gaming Inspection and Coordination Bureau. The GGR tally was worse than the -8.5% consensus mark anticipated by analysts. October casino GGR was up 31.6% on a month-on-month comparison with some tourism channels to Macau from…
Travel
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Seeking Alpha

Macau Casinos: Time To Place Your Bets

It used to be the world's biggest. It was so massive, and the second place was much so smaller in comparison that we can't even call them peer competitors. The gambling revenue of Macau was six times that of Las Vegas as of 2019. Then, COVID-19 happened, and Macau's gambling revenue fell nearly 80% over the next 2 years. Today, Macau's pandemic…
Travel
Macau Casinos: Time To Place Your Bets
Investor Place

Why Are Casino Stocks LVS, WYNN, MLCO Up Today?

Casino stocks are rising higher on Monday and they have China's easing Covid-19 restrictions to thank for the boost! China is planning to reduce restrictions in Macau, the world's gambling hub, starting in November. This will allow tour groups from Mainland China to visit the casinos in the area for the first time in almost three years. That will…
Finance
The Motley Fool

Macao's Casino Stocks May Never Recover From COVID-19

Entertainment venues in the U.S. have opened and are running full speed ahead, with very few exceptions. The COVID-19 pandemic has certainly impacted business, but we don't see lockdowns and restrictions that bring entire operations to a screeching halt anymore. The same can't be said for China and Macao, where lockdowns are still a regular…
Covid
Macao's Casino Stocks May Never Recover From COVID-19
Seeking Alpha

Las Vegas Sands Has A Macau And Convention Revenue Problem (NYSE:LVS)

Macau casino stocks are a rough place to have cash, now that lockdowns akin to the 2020 ones are being reinstituted as part of China's zero-COVID effort. Market declines are pricing in about 250 days of lockdown in Macau for big player Las Vegas Sands (NYSE: LVS) which might be excessive. New cash proceeds from the Las Vegas sales help out the debt…
Finance
Las Vegas Sands Has A Macau And Convention Revenue Problem (NYSE:LVS)
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Barron's

Here's What Could Drive Las Vegas Sands and Other Macau Casino Stocks Higher

It used to be that in Macau, two pips on a pair of dice-snake eyes-were the most unwelcome sight. Now it's two lines on a Covid-19 test. Indeed, the most recent outbreak of the virus on the island has Citigroup forecasting that a broader reopening won't begin until the first quarter of 2023. Yet that doesn't mean the casino stocks aren't a buy…
Finance
Here's What Could Drive Las Vegas Sands and Other Macau Casino Stocks Higher
Markets Insider

Casino Stocks WYNN, LVS, MGM, MLCO Gain on Easing Covid-19 Restrictions

China is finally starting to lift its lockdown protocols. According to Bloomberg, the country is now "reporting the lowest number of new cases since early February." On top of that, the nation is reducing the required quarantine time for international travelers. This means that the Chinese economy is clear to start making up lost ground. For the…
Covid
Casino Stocks WYNN, LVS, MGM, MLCO Gain on Easing Covid-19 Restrictions
Seeking Alpha

Macau rocked by local COVID cases which threaten casino traffic

Macau casino stocks fell in Hong Kong after the gambling region saw its first COVID-19 outbreak in eight months. The city reported 21 preliminary-positive cases in the local community as of Sunday evening. Schools and non-essential businesses were shut down until at least Tuesday to allow time for mass testing of all residents. Arrivals to Macau…
Covid
Macau rocked by local COVID cases which threaten casino traffic
Seeking Alpha

New Macau gaming bill advances to final vote

Bank of America said the final version of the gaming law passed by the Macau Legislative Assembly reflected the amendments that have been revealed in the past couple months and were in-line with expectations. The amendment bill allows for six new concessions, with a maximum term of 10 years and three-year extension possible under certain…
Travel
New Macau gaming bill advances to final vote
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Seeking Alpha

Macau casinos stocks retreat as rising COVID cases tarnish reopening hopes

Macau casino stocks saw selling pressure again on Monday after a flareup of COVID cases in China led to officials in Beijing and Shanghai ramping up testing policies again. While the number of COVID case in the nation is still only in the hundreds, there is no clear indication that the government will back off from a zero-tolerance policy anytime…
Covid
Macau casinos stocks retreat as rising COVID cases tarnish reopening hopes
Seeking Alpha

Las Vegas Sands, Casino stocks surge as Shanghai looks set to end lockdowns (NASDAQ:WYNN)

Casino stocks led the S&P higher on Friday as news of a potential end to lockdowns in China sent gaming stocks skyward. Per the Associated Press, officials in Shanghai are considering a reopening "in a few days" as case numbers fall. The nation's most populous city is seen as a key bellwether for the country's Zero-COVID policy, therefore holding…
Covid
Las Vegas Sands, Casino stocks surge as Shanghai looks set to end lockdowns (NASDAQ:WYNN)
Seeking Alpha

Macau casino revenue plunges to 18-month low

Gross gaming revenue in Macau fell 68% year-over-year during April to 2.68B patacas ($331M), which marked the lowest tally for the gambling region in 18 months and fell short of the expectation of analysts. Revenue fell 27% in April from the level recorded in March and was 89% off from the pre-pandemic level of April of 2019. COVID restrictions in…
Finance
Macau casino revenue plunges to 18-month low
Seeking Alpha

Macau casino stocks are falling again as COVID restrictions pick up

Macau casino stocks moved lower after developments in China over the weekend increased concerns that the COVID disruption will extend. Beijing is now a region of increased focus with authorities in the capital sealing off entrancing of public housing blocks and closing off entire streets with wire mesh fences, according to Reuters. Meanwhile, the…
Covid
Macau casino stocks are falling again as COVID restrictions pick up
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Seeking Alpha

Macau casino stocks could be impacted by new COVID deaths in Shanghai

Macau casino stocks are on watch again this week with investors looking to see how far the zero-tolerance policy in China can extend. The government in Shanghai has reportedly set a new target of zero cases at the community level by April 20, which means no new cases outside of quarantined zones. That may be a tough standard after 23643 new local…
Covid
Macau casino stocks could be impacted by new COVID deaths in Shanghai
The Motley Fool

Why (Some) Gambling Stocks Are a Great Buy Right Now

The gambling market can be a lucrative business if you place your bets right. For most of the last decade, the best investments were in Macao's casinos, which were some of the most profitable in the world. But the pandemic has changed the gambling business in ways that could be permanent. Online gambling is here to stay, Macao has yet to make a…
Travel
Why (Some) Gambling Stocks Are a Great Buy Right Now
Seeking Alpha

Macau casino revenue slumps to 18-month low

Macau gross gaming revenue fell 56% in March to 3.67B patacas ($455M) to slightly trail the consensus estimate for a 55% decrease. Ongoing COVID restrictions and concerns held back traffic during the month. Gross gaming revenue was down 54% in March from the level seen in February with the lockdowns in Zhuhai and Shenzhen a major factor. The…
Finance
Macau casino revenue slumps to 18-month low
The Motley Fool

Why Casino Stocks Jumped Today

casino stocks had a great day on Wednesday with a number of companies jumping double digits. There was some earnings to report, but there are also market tailwinds with the S&P 500 trading 1.1% higher and the Nasdaq Composite up 2.5% today. As highly volatile stocks, it's not a shock that casino stocks are amplifying those gains today. MGM Resorts…
Finance
Why Casino Stocks Jumped Today
Markets Insider

4 Reasons Macau Casino Stocks Are Tanking

Macau casino stocks have taken a beating so far in 2022, but the selling pressure has intensified in recent days. On Tuesday, Bank of America analyst Shaun Kelley highlighted at least four reasons investors are dumping Macau stocks. Reasons For The Sell-Off: For the past year, Kelley has repeatedly discussed the "three C's" weighing on Macau…
Finance
4 Reasons Macau Casino Stocks Are Tanking
The Motley Fool

Why Macao's Casino Stocks Jumped Today

casino stocks with exposure to Macao made a sharp recovery on Wednesday as China and Macao mull changes to COVID-19 restrictions. We're not seeing a recovery in the region yet, but investors are speculating that a flood of gamblers is on the way in the near future. Melco Resorts (MLCO 9.16% ) jumped as much as 16.4%, Las Vegas Sands (LVS 10.17% )…
Finance
Why Macao's Casino Stocks Jumped Today
Seeking Alpha

Macau casino revenue for February falls short of estimates

Macau gross gaming revenue gained 6.1% in February to 7.76B patacas ($0.96B) to trail the consensus estimate for a 7.0% increase. Ongoing COVID restrictions and a sharp crackdown on two junket operators impacted traffic negatively. Macau GGR is down 8% on a year-over-year basis. Jefferies is not confident that a positive turn for Macau is…
Finance
Macau casino revenue for February falls short of estimates
Seeking Alpha

Macau casino revenue slumps in January ahead of Winter Olympics

Macau gross gaming revenue fell 20.9% in January to 6.34B patacas ($785M). Although the GGR tally topped the consensus expectation for a fall of 31%, the rate of growth was far worse than the+1.8% mark recorded in December. The crackdown on Macau junket operators and tighter border restrictions ahead of the Winter Olympics also impacted Macau…
Finance
Macau casino revenue slumps in January ahead of Winter Olympics
Real Money

Macau Casinos Finally Catch Break With New Rules

Macau's casino operators are breathing a sigh of relief, as the city outlines amendments to casino regulations that are far better than at first feared. It's a moment of respite after a horrible couple of years. The world's largest gambling hub will offer six casino concessions, the government announced on Friday, but will slash the concession…
Covid
Macau Casinos Finally Catch Break With New Rules
Study Breaks

What Are the Best Gambling Stocks To Buy in 2021?

The gambling industry is a very fast-growing and profitable one. The best gambling stocks to buy in 2021 have been around for a while and offer the newest technological advances to their customers. This article will discuss these best gambling stocks and how real money slots online are connected to them, as well as the important things to keep in…
Strategy Guide
What Are the Best Gambling Stocks To Buy in 2021?
Investor Place

Casino Stocks: Why LVS, MLCO and WYNN Are Getting Buy-In Today

Casino stocks are on the move today thanks to a recent report out of China's Macau. This new report has the Chinese government weighing in on casino operations in the country. While investors expected bad news, the results from a meeting don't appear too bad for casino stocks to handle. According to that recent report, casinos will have to deal…
Finance
Casino Stocks: Why LVS, MLCO and WYNN Are Getting Buy-In Today
WFMZ News

UK Online & Casino Revenue Reported Healthy Even with Current Pandemic Conditions

PALM BEACH, Fla., Dec. 7, 2021 /PRNewswire/ -- FinancialNewsMedia.com News Commentary - Gambling experts have long contended that the industry is not recession-proof, and data has recently supported this claim. The COVID-19 pandemic has turned the entire world upside down, and the gambling industry is no exception. Financial information is starting…
Covid
Real Money

Macau's Casino Stocks, Near Record Lows, Face Specter of Tough License Reviews

Macau's casino stocks are at or near all-time lows after a savaging this week, but it isn't the time to be buying them just yet. You need to be an exceptionally brave speculator willing to play a little Chinese roulette. There's too much uncertainty to be able to derive any sensible value in these names. The spark for this latest selling is a…
Finance
Macau's Casino Stocks, Near Record Lows, Face Specter of Tough License Reviews
WTOP

7 Best Gambling Stocks to Buy

Analysts recommend these gambling stocks in 2021. The gambling industry has been one of the hardest hit by the pandemic in 2020, and casinos were especially affected during the economic shutdown. Destinations such as Las Vegas and Macao have had a particularly difficult struggle due to travel restrictions. At the same time, the pandemic accelerated…
Top and Best
7 Best Gambling Stocks to Buy
Stock News

PENN: 2 Casino Stocks Wall Street Loves

The ongoing U.S. mass vaccination drive bodes well for the tourism industry because the pent-up demand for travel is through the roof. With most travel and hospitality companies receiving huge, advanced bookings, brick-and-mortar casinos and related business segments are likely to soon see increasing foot traffic. This is why the casino management…
Finance
PENN: 2 Casino Stocks Wall Street Loves
Real Money

Crown Shares Soar on Blackstone Bid for Aussie Casino Operator

Crown Resorts (CWLDY) shares won big on the ASX today, with the stock soaring 21.4% in Sydney trade. That's after the troubled casino operator on Monday said it had received an A$8.0 billion (US$5.4 billion) buyout bid from the world's largest private-equity investor, the Blackstone Group (BX). The offer from Blackstone, which already owns 9.99% of…
Travel
Crown Shares Soar on Blackstone Bid for Aussie Casino Operator