gaming industry

Now that 2016 has come to a close, the last batch of gaming revenue numbers from Macau shows the industry finished the year on a high note. After 26 consecutive months of year-over-year revenue declines, Macau closed out 2016 with five straight months of gains, including an 8.0 percent bump in...

Macau delivered its final gaming revenue data point of 2016 over the weekend, closing out the year with its fifth consecutive month of year-over-year revenue gains. The latest data from the Macao Gaming and Coordination Bureau reveals that Macau brought in 19.8 billion patacas in December, up 8.0...

Although Macau gaming faces near-term risks, which limit short-term visibility, the long-term potential seems “most enduring” compared to any gaming market, Aegis Capital’s David Bain said in a report. He initiated coverage on four U.S.-based companies with exposure to Macau. Bain...

Las Vegas Sands Corp. (NYSE: LVS) has expressed its eagerness to enter into Japan, which passed a law to legalize casinos to boost economy and tourism. Potential To Do Great Things To its credit, the Las Vegas, Nevada-based gaming operator has a successful track record in Asia and also has the...

After the Japanese parliament gave final passage to a law allowing for the large-scale gambling operations, casino stocks reacted immediately: Las Vegas Sands Corp. (NYSE: LVS) spiked $0.50 on the news after trading down most of the day. MGM Resorts International (NYSE: MGM) jumped by $0.25 to $29....

Melco Crown Entertainment Ltd (ADR) (NASDAQ: MPEL) shares are trading higher by $0.58 at $17.45 in Friday's session. The issue swooned late in the day on Thursday when it was reported that withdrawal limits in Macau may be reduced by the government. As a result, the issue fell from its close on...

The Chinese government took casino investors on a wild ride Thursday when the imposition of new ATM transaction limits in Macau caught the market by surprise. The Drop Shares of Melco Crown Entertainment Ltd (ADR) (NASDAQ: MPEL), Wynn Resorts, Limited (NASDAQ: WYNN), Las Vegas Sands Corp. (NYSE:...

In a coups of sorts, International Game Technology PLC (NYSE: IGT) has managed to clinch the property licensing rights to Shark Tank." In a press release, the company said its subsidiary IGT Global Solutions has secured from Sony Corp (ADR) (NYSE: SNE) Sony Pictures Television Inc. the rights to...

The positive revenue trends for Las Vegas casino operators Las Vegas Sands Corp. (NYSE: LVS), MGM Resorts International (NYSE: MGM), Wynn Resorts, Limited (NASDAQ: WYNN) and Caesars Entertainment Corp (NASDAQ: CZR) may continue through Q1 2017, including the critical New Year’s holiday...

Casino investors are taking profits on Thursday following positive monthly gaming revenue numbers from both Las Vegas and Macau. The numbers out of both gaming hubs confirm that strong underlying revenue growth is behind gambling stocks’ recent outperformance. Las Vegas Strip revenue climbed...

With November Macau gaming revenue numbers due out Thursday, Citi has upped its price targets for Macau casino stocks and believes the world’s largest gaming destination will return to positive revenue growth in 2017. Things Looking Brighter For Macau In a new report, Citi analyst Anil...

The world's largest gaming destination — Macau, China — seems to finally be recovering after a multi-year downturn. However, with Macau revenue still depressed, casino investors are looking to the state of Nevada for some much-needed revenue growth this year. The state's gaming...

Shares of MGM Resorts International (NYSE: MGM) hit a new 52-week high of $28.30 on Tuesday, but analysts at Macquarie Research believe the stock could rise as high as $34. Chad Beynon of Macquarie maintains an Outperform rating and $34 price target on MGM's stock following the company's...

To American investors, Macau may be the Las Vegas of China. However, even after Macau’s revenue downturn in recent years, it still generates roughly three times as much annual gaming revenue as Las Vegas. But size isn’t everything, and growth is extremely important for investors. Now...

Three of the four big gaming companies have so far reported their earnings. Of them, two have reported better-than-expected results, and one missed estimates. The results come in the wake of improved conditions in the Macau region. Already Reported Las Vegas Sands Corp. (NYSE: LVS) reported...