gaming industry

With revenue in the world's largest gaming destination — Macau, China — still depressed, casino investors are looking to the state of Nevada for some much-needed revenue growth this year. The state's gaming control board has released its report on gaming revenue for the month of...

Shares of Macau casino operators MGM Resorts International (NYSE: MGM), Las Vegas Sands Corp. (NYSE: LVS), Melco Crown Entertainment Ltd (ADR) (NASDAQ: MPEL) and Wynn Resorts, Limited (NASDAQ: WYNN) are all down on Friday after the Macau Government Tourism Office (MGTO) adjusted its visitor...

Following Sunday night’s presidential debate, billionaire Donald Trump supporter Carl Icahn announced that the Trump Taj Mahal in Atlantic City will be closing. Trump built the Taj Mahal in 1990 for $1 billion and called the resort the “eighth wonder of the world.” However, parent...

MGM Resorts International (NYSE: MGM) could continue to benefit from positive growth trends in its two biggest markets. Argus analyst John Staszak has upgraded MGM from Hold to Buy based on solid Las Vegas numbers and a potential rebound in the Macau market headed into 2017. According to Staszak,...

Macau gaming investors got some long-awaited good news at the end of August when the city logged its first positive year-over-year (Y/Y) monthly gaming revenue growth in more than two years. The surprise number triggered a handful of upgrades for Macau gaming stocks, but CLSA analyst Jon Oh urges...

Argus expects International Game Technology Ordinary Shares (NYSE: IGT) to gain from GTECH merger synergies and solid cash flow. Analyst John Staszak sees strong prospects for both solid revenue and earnings growth in the upcoming period. Before the merger, the brokerage had a Hold rating on...

The Macau region has been a big headwind for most of the gaming companies over the last couple of years. This was evident when Las Vegas Sands Corp. (NYSE: LVS) struggled to meet EPS estimates in the last three quarters. However, Argus believes the conditions have changed for the better for the...

The rest of 2016 could be a wild ride for gaming & leisure investors, but a number of stocks in the space may still have significant upside ahead. According to Stifel analyst Steven Wierczynski, gaming & leisure stocks will likely continue to be unpredictable and volatile. Gaming Group...

Morgan Stanley recently reanalyzed Gaming and Leisure Properties Inc (NASDAQ: GLPI) as one of the three triple net REITs available at lower price and offers more catalysts. The recent MGP's IPO strengthened the gains from the gaming REITs. Therefore, the brokerage upgraded the stock from Equal...

Gaming revenue in the month of August for Macau came in at 18.8 billion patacas, breaking Macau’s string of 26 consecutive months of year-over-year revenue declines. This figure, according to data released by the Macao Gaming Inspection and Coordination Bureau, is about 1.1 percent higher...

The Market Vectors Gaming (ETF) (NYSE: BJK) is up nearly 10 percent year-to-date, but that is not preventing some short sellers from targeting some of the gambling exchange-traded fund's holdings, particularly those of the Macau variety. Global Exposure Overall, BJK features exposure to 15...

CLSA’s Jon Oh mentioned that the Palace opening by Wynn Resorts, Limited (NASDAQ: WYNN) was impressive, “with the property’s high quality design and management’s impeccable execution of the opening, confirming our conviction that Palace will be a success.” Oh maintains...

Gaming revenue in the month of July for Macau came in at 17.7 billion patacas. This figure, according to data released by the Macao Gaming Inspection and Coordination Bureau, is about 4.5 percent lower than July 2015’s number. The 4.5 percent decline actually beat analysts’ low...

With revenue in the world's largest gaming destination — Macau, China — still depressed, casino investors are looking to the state of Nevada for some much-needed revenue growth this year. The state's gaming control board has released its report on gaming revenue for the month of...

After registering 25 consecutive months of year-over-year gross gaming revenue (GGR) declines, early numbers out of Macau for the month of July suggest the gaming hub could be on pace to deliver its first revenue growth in more than two years. However, JPMorgan is not impressed. Analyst Joseph...