Why Casino Stocks Jumped This Week

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The Motley Fool

Better Buy: Wynn Resorts or Las Vegas Sands Stock?

The gaming and resort industry continues to recover from the pandemic, and one of the biggest gaming markets in the world reopened earlier this year: Macao, China. With Macao back in action, casino operators there stand to benefit from pent-up demand -- as do casino stock investors. Here, I'll compare two American casino companies with properties…

Industry ・ 19 March 2023

The Motley Fool

Casinos Win New Macao Licenses, but Will Shares Rise?

The largest casinos got an early Christmas present last month after China renewed their licenses in Macao for another 10 years. While the likelihood of being denied renewal was small after they had invested billions of dollars in the gambling mecca and spent billions more on developing nongaming activities at the behest of Beijing, it was still a…

Land-based ・ 21 December 2022

Kalkine Media

Kalkine Media explores five US casino stocks to watch in October

The casino sector comprises firms from the gaming industry that offer leisure and other related services through their resorts and casino gaming properties. To name some, Las Vegas Sands Corp. (NYSE: LVS), Wynn Resorts, Limited (NASDAQ: WYNN), MGM Resorts International (NYSE: MGM), Caesars Entertainment, Inc. (NASDAQ: CZR), and Boyd Gaming…

Finance ・ 22 September 2022

The Motley Fool

Are These 2 Gambling Stocks Poised for a Comeback?

With the S&P 500 down 11% year to date, now is a great time to shop for deals in the market. And while the casino industry may face challenges from inflation and a possible recession, many companies still look poised for long-term success. Let's explore why MGM Resorts International (MGM 0.84%) and Penn Entertainment (PENN 2.08%) should be on your…

Covid ・ 24 August 2022

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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

The Street

Which Casino Stocks Are Your Best Bets?

As investors await second-quarter earnings reports for major gaming/casino companies, Wells Fargo analysts warn of a slowdown in the industry. They see "signs that U.S. gaming spending has begun to soften, as consumers grapple with rising inflation, higher interest rates, and increasing economic uncertainty," they wrote in a commentary. "We do not…

Finance ・ 18 July 2022

Review Journal

Macao casino shutdowns extended five days

Stock market prices for the affiliates of three Las Vegas companies operating in Macao began rebounding Monday, even after a weeklong government-ordered casino shutdown was extended by five days. The casino lockdown, which began July 11 and had been set to expire Sunday, is now scheduled to end July 23. Analysts have estimated the closures will…

Covid ・ 18 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

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Las Vegas, USA

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USA

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Nevada

Review Journal

Macao casinos to close as COVID-19 outbreak widens

Macao will shut almost all businesses, including casinos, for a week starting Monday as a COVID-19 outbreak in the Asian gambling hub showed few signs of abating, Macao Daily reported. Essential business operations including supermarkets and pharmacies will remain open, the report cited the city's officials as saying at a press briefing Saturday.…

Covid ・ 10 July 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 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

Macao gaming revenue dips to an 18-month low

Macao gaming revenue slumped to an 18-month low in March, Macao's Gaming Inspection and Coordination Bureau reported Friday. It was the second month this year that gross gaming revenue was below 2021 levels. The market showed a 6.1 percent rebound in February, thanks primarily to increased visitation during Chinese New Year celebrations. The bureau…

Finance ・ 02 April 2022

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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

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

The Motley Fool

Wynn Resorts Abandons Online Gambling SPAC. Should Investors Worry?

It's been a wild week for entertainment stock Wynn Resorts (NASDAQ:WYNN), the high-end casino company with operations in Las Vegas, Boston, and Macao. Wynn reported third-quarter earnings that were decent but not impressive, the CEO announced he was leaving, and on Friday morning the bombshell dropped that Wynn is no longer spinning off its online…

Travel ・ 23 November 2021

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

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MGM Resorts

Wynn Resorts

Penn National Gaming

The Motley Fool

China Just Blew Up the Casino Market in New Regulatory Crackdown

Sweeping new regulations are being floated for casinos in Macao that threaten the investment thesis of the entire gambling market in China, even as the region continues to struggle to climb out of the very deep hole caused by the coronavirus pandemic. The promise of intense new oversight, limits on the number of concessions or licenses issued,…

Industry ・ 23 September 2021

The Motley Fool

Why Casino Stocks Have Jumped This Week

S&P Global Market Intelligence. Stocks with exposure to Macao like MGM Resorts (NYSE:MGM), Las Vegas Sands (NYSE:LVS), and Wynn Resorts (NASDAQ:WYNN) jumped as Macao eased some travel restrictions to the region. U.S. casino operators Penn National (NASDAQ:PENN), Caesars Entertainment (NASDAQ:CZR), and Boyd Gaming (NYSE:BYD) jumped on a combination…

Finance ・ 27 August 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

The Motley Fool

Did This Casino's Big Bet on Asia Just Go Bust?

It was a bold move by Las Vegas Sands (NYSE:LVS) to abandon its namesake city in favor of going all-in on Asia. Earlier this year, it sold the operating company behind The Venetian, The Palazzo, and the Sands Expo and Convention Convention Center to Apollo Global Management for $2.3 billion, while real estate investment trust VICI Properties bought…

Covid ・ 12 July 2021

Zacks

Betting on a Las Vegas Comeback

One of my favorite places in the world is Las Vegas. The lights, the casinos, the action and just the overall atmosphere make this city an annual destination for me. However, Las Vegas was shut down for over a year due to COVID-19 restrictions. We couldn't visit most of the places we love at the height of the pandemic. Even when things opened up a…

Sports ・ 25 June 2021

The Motley Fool

Las Vegas Sands May Have a Longer Road to Recovery Than Expected

The gambling industry is having an uneven recovery no matter where you are in the world. The U.S. market seems to be doing best with entertainment travelers coming back, driving regional casino revenue and weekend revenue in Las Vegas. But the lucrative corporate customers who have long driven mid-week revenue have been absent. We're seeing that…

Covid ・ 13 May 2021

Review Journal

Las Vegas casinos can learn about reopening from Macao

Far from home is what home may soon look like. Macao and Las Vegas - two cities separated by an ocean, united by an industry. They rank as the first- and second-largest gambling markets in the world, respectively, their combined revenues totaling over $40 billion in 2019, a number destined to plummet in 2020 because of tourism-decimating…

Land-based ・ 04 February 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