Which Casino Stocks Are Your Best Bets?

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Forbes

Casino Stocks Rally As Macau Gambling Revenues Come In Strong

You'll be asked to sign into your Forbes account.Got it While investors greeted the first day of 2023 trading with big selling in classic tech favorites like Apple and Advanced Micro Devices, buyers showed up in large numbers among the classic casino names. This, after Macau reported "gross gaming revenues" increased 333% in 2023 versus 2022. Those…

Finance ・ 03 January 2024

CNBC

Jefferies upgrades Las Vegas Sands, Wynn Resorts on Macao reopening

Jefferies on Monday upgraded Las Vegas Sands and Wynn Resorts after Macao announced its plan to allow Chinese tour groups back in the casinos as soon as November. The Wall Street firm boosted the rating for the casino operators to buy from hold following news that the Macau government said it will resume visitation access from mainland China…

Travel ・ 26 September 2022

Review Journal

Macao casino reopen, but business continues to be slow and will be for some time

The good news for Macao's 41 casinos is that the government has allowed the properties to open their doors again. The bad news: Not many people are coming through them. The fact that tourists face a seven-day quarantine before being allowed into the region is one big reason for the lack of visitors, according to a source familiar with the situation…

Covid ・ 27 July 2022

Review Journal

Weeklong Macao casino shutdown affecting Sands, MGM, Wynn begins

Macao casino resorts closed their doors Monday as a weeklong government-ordered shutdown began in the region, taking a toll on properties including several operated by three Las Vegas-based companies. Because of elevated COVID-19 case numbers, Macao Secretary for Administration and Justice Andrew Cheong Weng Chun on Saturday ordered a closure of…

Covid ・ 11 July 2022

Wild Casino

$5,000 Welcome Bonus

Deposit bonuses are optional and must be requested by the player when making a deposit. For example, use Promo Code WILD1 to a 100% Casino bonus. Your bonus request will be assessed and, if your account is eligible for the bonus, it will be added to your account immediately.

WFMZ News

Casino Gaming Market Size to Grow by USD 50.03 Billion

NEW YORK, June 15, 2022 /PRNewswire/ -- The " Casino Gaming Market by Type and Geography - Forecast and Analysis 2021-2025 " report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the casino…

Industry ・ 15 June 2022

The Street

Wynn Has Wealthiest Casino Customers, Wells Fargo Says

We all know that the less money you have, the more inflation hurts. And the 8.3% surge in consumer prices in the 12 months through April has left a lot of people hurting. Wells Fargo analysts have looked at what this means for casino companies. "We analyzed average household income (HHI) data for visitors to … U.S. casinos to gauge which operators…

Travel ・ 07 June 2022

The Street

This Stock Might Be the Best Las Vegas Strip Investment

Las Vegas offers the promise of getting rich. In most cases, that's a false promise as the house usually wins, but you can make money on Sin City without throwing any dice, playing cards, or taking a turn at the slot machines. Las Vegas has a surprising number of investment options and the best one might be a company you've never heard of (or maybe…

Land-based ・ 04 June 2022

The Greater Binghamton Business Journal

Casinos Market to Eyewitness Massive Growth by 2030: Caesars Entertainment, Galaxy Entertainment, Las Vegas Sands, MGM Resorts, SJM Holdings

JCMR recently Announced Casinos study with 250+ market data Tables and Figures spread through Pages and easy to understand detailed TOC on "Casinos. Casinos industry Report allows you to get different methods for maximizing your profit. The research study provides estimates for Casinos Forecast till 2030*.

Travel ・ 02 June 2022

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Nevada

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 ・ 07 April 2022

Review Journal

Optimism high among casino execs during Las Vegas investor forum

Nevada-based casino companies are poised for a strong 2022, judging by the upbeat comments from executives during an investment forum this week at Wynn Las Vegas. Casino executives said business is approaching or surpassing pre-COVID-19 levels, many companies are showing favorable group business calendars and leisure visitors continue to crowd…

Finance ・ 10 March 2022

The Motley Fool

Investing in Casino Stocks

A night at the casino might seem like an experience frozen in time -- imagine visions of James Bond or pressing your luck at the craps table -- but the casino industry is changing fast, and new developments present a unique opportunity for investors. Online gaming is becoming legal in many U.S. states, and both old-school casino chains and upstart…

Finance ・ 31 January 2022

The Nevada Independent

Analyst: Events will make 2022 bigger Las Vegas revenue year than 2021

As the Las Vegas resort industry awaits the full return of its convention and meeting business, one gaming analyst said high-profile events tied to the National Football League will boost Southern Nevada visitation in the first half of the year, despite the recent national spike in COVID-19 cases. Daniel Politzer, who follows the gaming industry…

Finance ・ 13 January 2022

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Investor Place

3 Top Casino Stocks That Could Make a Comeback in 2022

Over the past year, casino stocks have been devastated by the novel coronavirus pandemic. Just take a look at some of the losses a handful of major players in the sector have seen: Las Vegas Sands (NYSE: LVS) fell from a January 2020 high of $74.29 to now sitting at $35 Wynn Resorts (NASDAQ: WYNN) fell from $153.41 in January 2020 to $82.15…

Finance ・ 20 December 2021

Markets Insider

Macau And Las Vegas Gaming Revenues Are Headed In Opposite Directions: What's Next?

Las Vegas, Nevada, and Macau, China, are two of the largest global casino gambling hubs. Both gaming destinations took big hits during the COVID-19 pandemic, but the latest gross gaming revenue numbers suggest Vegas is bouncing back strong while Macau is still struggling. The Numbers: Many Americans think of Vegas as the top gambling destination,…

Finance ・ 11 December 2021

Review Journal

Losses by large companies show pandemic still affects Las Vegas

The theory gaming industry analysts hypothesized months ago appears to be holding true: Companies operating on the Strip and in Macao are struggling more than their regional counterparts. Third-quarter earnings reports wrapped up late last month and the numbers show there's still a way to go before we can say the pandemic is behind us, even as…

Covid ・ 05 December 2021

Forbes

Why Macau’s Casinos Are Still The Best Bet For Wynn And Las Vegas Sands

B efore the pandemic, Macau was the world's most lucrative gaming market in the world. But after nearly two years of outbreaks and lockdowns, which largely closed the borders of the autonomous region belonging to China to visitors, gambling revenues for the last 10 months are still down 70% compared to pre-pandemic levels. Macau casino stocks are…

Covid ・ 01 December 2021

RELATED BRANDS

Wynn Resorts

MGM Resorts

Penn National Gaming

The Motley Fool

Las Vegas Is a Better Bet as Macao Gambling Revenue Tumbles

The recovery in casino gambling in Macao always seems to be just around the corner, but it never quite arrives. Yet another plunge in monthly gambling revenue in October shows the rebound remains over the horizon and makes Las Vegas casinos the better bet. For those resort operators like Las Vegas Sands (NYSE:LVS) and Wynn Resorts (NASDAQ:WYNN)…

Finance ・ 13 November 2021

Eco Chunk

Casino Market is Set To Fly High in Years to Come

Latest Study on Industrial Growth of Global Casino Market 2021-2027. A detailed study accumulated to offer Latest insights about acute features of the Casino market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key…

Industry ・ 18 October 2021

The Street

Wynn, Microsoft, Las Vegas Sands, Apple

Stocks moving in premarket trading Wednesday include Wynn Resorts, Microsoft, Las Vegas Sands and Apple. Wall Street futures bumped higher Wednesday in cautious trading as slowing domestic inflation and weaker growth in China added to global market uncertainty. Here are some of the top movers in premarket trading Wednesday. (WYNN) - Get Wynn…

Mobile ・ 15 September 2021

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 ・ 27 July 2021

Markets Insider

Analyst Cuts Price Targets For Wynn, Las Vegas Sands As Macau Gaming Recovery Lags

Gambling stocks have been a mixed bag for investors in 2021 given uneven trends in U.S. casino gambling, online sports betting and iGaming, as well as a sluggish recovery in the Macau, China market. On Thursday, one analyst cut price targets for two gaming leaders that are being dragged down by Macau. The Analyst: Bank of America analyst Shaun…

Incidents ・ 15 July 2021

Virtual Strategy

Analyzing Growth in the Casinos & Gaming Industry

NEW YORK, July 12, 2021 /PRNewswire/ - Set to grow by USD 11.42 billion during 2021-2025, Technavio's latest market research report estimates the casino gaming market in the US to register a CAGR of almost 4%. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by the way of synthesis, and…

Industry ・ 13 July 2021

Barron's

Las Vegas Has Been on a Roll. Here’s How to Play the Next Leg of Its Rally.

Investing in Las Vegas, like the city itself, continues to evolve. Starting last year, investors bid up Las Vegas-related stock prices and valuations, in part in anticipation of a strong economic recovery helped by pent-up demand, and in part because they look favorably on the recent rush of casino operators into the promising early days of digital…

Strategy Guide ・ 04 June 2021

The Nevada Independent

Indy Gaming: Boyd has no interest in selling downtown, locals casinos to REITs

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz Boyd Gaming had a simple message to real…

Industry ・ 09 February 2023