Zacks Investment urges care on Macau casino stocks despite gains

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MarketBeat

Las Vegas Sands Corp. (NYSE:LVS) Short Interest Update

Las Vegas Sands Corp. (NYSE:LVS - Get Rating) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 18270000 shares, an increase of 7.5% from the November 30th total of 17000000 shares. Approximately 5.6% of the company's stock are sold short. Based on an…

Finance ・ 04 January 2023

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 ・ 29 November 2022

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 ・ 26 September 2022

Bankrate

Investing In Casinos And Online Gambling: Key Things To Know

The casino industry has been hit by two major developments in the last few years, the advent of online gaming and the emergence of the COVID pandemic. Both created serious challenges for the industry, but the year 2022 has seen the industry bounce back after more than a year of subpar performance. Hospitality industries such as casinos suffered a…

Sports ・ 16 September 2022

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Proactive

Casino Stocks, Oil Prices Tumble On China Lockdowns

Oil futures and casino stocks sank Monday on fresh Covid-19 news out of China. Natural gas prices bolted on the scheduled shutdown of the Nord Stream pipeline, cutting Russia's gas supply to Germany, amid already sky-high demand and tight supply. On Monday morning, Macau - an administrative region in China and the world's largest gambling hub -…

Covid ・ 11 July 2022

Markets Insider

Why Are Casino Stocks WYNN, LVS Down Today?

Wynn Resorts (NASDAQ: WYNN) stock and Las Vegas Sands (NYSE: LVS) stock are both declining 8% in early morning trading. Casino stocks are slumping after new Covid-19 restrictions were imposed in the Chinese region of Macau. Although Wynn and Las Vegas Sands are based in the U.S., they both own multiple casinos in Macau. After the new coronavirus…

Finance ・ 11 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

Defense World

Zacks: Brokerages Anticipate Las Vegas Sands Corp. (NYSE:LVS) to Announce -$0.19 EPS

Brokerages expect Las Vegas Sands Corp. (NYSE:LVS - Get Rating) to report ($0.19) earnings per share for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Las Vegas Sands' earnings. The highest EPS estimate is ($0.03) and the lowest is ($0.29). Las Vegas Sands reported earnings of ($0.26) per…

Travel ・ 30 May 2022

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Defense World

Las Vegas Sands Corp. (NYSE:LVS) Receives Consensus Recommendation of “Hold” from Analysts

Las Vegas Sands Corp. (NYSE:LVS - Get Rating) has received an average recommendation of "Hold" from the fifteen ratings firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation, three have issued a buy recommendation and one has given a strong…

Travel ・ 24 May 2022

Gambling News

Carolina Panthers’ Owner Invested in Las Vegas Sands and Wynn Resorts

David Tepper, the owner of the Carolina Panthers, expanded the equity portfolio of Appaloosa Management, his personal hedge fund. The NFL franchise owner invested in two gambling companies, namely Las Vegas Sands and Wynn Resorts. Tepper's investments in Sands and Wynn Resorts were the only new equity additions to Appaloosa Management in Q1. The…

Travel ・ 17 May 2022

Seeking Alpha

Hot Stocks: AFRM jumps on earnings; casino stocks rise; FIGS plunges; PAG hits high

Rebounding from recent losses, Wall Street saw a surge of bargain hunting on Friday. The Nasdaq paced the advance, jumping by nearly 4% amid a surge in consumer and technology stocks. Casino shares also contributed to the rally. Signs that COVID restrictions might be lifting in China's biggest city sparked an advance in names like Las Vegas Sands…

Finance ・ 13 May 2022

Defense World

Las Vegas Sands Corp. (NYSE:LVS) Expected to Announce Quarterly Sales of $1.03 Billion

Equities research analysts forecast that Las Vegas Sands Corp. (NYSE:LVS - Get Rating) will post $1.03 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Las Vegas Sands' earnings. The highest sales estimate is $1.22 billion and the lowest is $759.40 million. Las Vegas Sands…

Finance ・ 11 May 2022

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Defense World

Las Vegas Sands (NYSE:LVS) PT Lowered to $39.00 at Morgan Stanley

Las Vegas Sands (NYSE:LVS - Get Rating) had its price target lowered by research analysts at Morgan Stanley from $44.00 to $39.00 in a research note issued to investors on Monday, The Fly reports. Morgan Stanley's price target suggests a potential upside of 7.14% from the company's previous close. Several other equities analysts also recently…

Travel ・ 25 April 2022

Defense World

Zacks: Analysts Expect Las Vegas Sands Corp. (NYSE:LVS) Will Announce Quarterly Sales of $1.16 Billion

Wall Street analysts expect Las Vegas Sands Corp. (NYSE:LVS - Get Rating) to report $1.16 billion in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Las Vegas Sands' earnings, with the lowest sales estimate coming in at $1.10 billion and the highest estimate coming in at $1.22 billion. Las Vegas Sands posted…

Finance ・ 20 April 2022

MarketBeat

Las Vegas Sands Corp. (NYSE:LVS) Expected to Announce Earnings of -$0.21 Per Share

Equities analysts expect Las Vegas Sands Corp. (NYSE:LVS - Get Rating) to announce earnings of ($0.21) per share for the current quarter, Zacks reports. Four analysts have made estimates for Las Vegas Sands' earnings, with the highest EPS estimate coming in at ($0.08) and the lowest estimate coming in at ($0.28). Las Vegas Sands reported earnings…

Strategy Guide ・ 28 March 2022

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 ・ 15 March 2022

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MGM Resorts

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MarketBeat

Zacks: Analysts Anticipate Las Vegas Sands Corp. (NYSE:LVS) Will Post Quarterly Sales of $1.16 Billion

Wall Street brokerages expect Las Vegas Sands Corp. (NYSE:LVS - Get Rating) to report sales of $1.16 billion for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Las Vegas Sands' earnings, with the lowest sales estimate coming in at $1.10 billion and the highest estimate coming in at $1.22 billion.…

Finance ・ 10 March 2022

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 ・ 23 December 2021

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

Investing

3 Casino Stocks to Avoid as Macau Announces Increased Government Supervision By StockNews

Stock Markets 1 hour ago (Sep 20, 2021 03:30PM ET) Although the reopening of brick-and-mortar casinos and the increasing popularity of online platforms have helped the casino industry to a decent recovery this year, shares of several casino stocks plunged in price with Macau's recent announcement of strict new restrictions on operators in the…

Finance ・ 20 September 2021

Stock News

LVS: 3 Casino Stocks to Avoid as Macau Announces Increased Government Supervision

The casino industry has experienced a decent recovery this year with the reopening of brick-and-mortar casinos and the growing popularity of online gambling. However, shares of Macau casino operators declined by approximately one-third of their values, losing about $18 billion, on September 15, as Macau declared stronger supervision of casino…

Finance ・ 20 September 2021

Forbes

Vegas-Based Casino Stocks Weaken On Macau Regulatory News

Big U.S. casino stocks this week tanked on news that Chinese officials would increase regulatory scrutiny in Macau. The companies with the largest operations there - Las Vegas Sands and WYNN - took it the hardest with both down more than 10% in the last 4 days. Those resort equities with little or no exposure in Macau also got hit but with much…

Finance ・ 18 September 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

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 ・ 11 January 2023