Las Vegas

Gaming revenues on the Las Vegas strip during the fiscal year 2016 were steady year-over-year, with the Nevada Gaming Control Board reporting $5.8 billion in gaming revenue on the strip, a 0.2 percent increase. Major publicly traded casino companies saw losses of more than 1 percent in...

The year-end gaming revenue numbers from the Macau, China, and Las Vegas markets indicate that the gaming industry finished the year strong in the two largest and most critical markets in the world for investors. However, now that 2017 is officially here, gaming investors are wondering whether that...

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...

Aegis Capital’s David Bain believes that MGM Resorts International’s (NYSE: MGM) “Las Vegas position offers visible growth and upside to consensus estimates while its Macau exposure offers upside optionality.” Bain initiated coverage of the company with a Buy rating and...

Despite the media’s portrayal of the “demise” of golf, golf-related stocks have performed quite well in 2016. Shares of Callaway Golf Co (NYSE: ELY) are up 23 percent year-to-date, and recent golf IPO Acushnet Holdings Corp (NYSE: GOLF) blew analysts’ estimates out of...

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...

Most investors have to wait three months for quarterly updates about how business is going for the stocks they own. However, investors of casino companies such as Melco Crown Entertainment Ltd (ADR) (NASDAQ: MPEL), Wynn Resorts, Limited (NASDAQ: WYNN), Las Vegas Sands Corp. (NYSE: LVS), MGM...

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...

UFC’s first major event in the state of New York, UFC 205 at Madison Square Garden Co (NYSE: MSG)’s flagship arena, broke a number of records. Breaking Records And Taking Names The event’s $17.7 million gate was a new record for both UFC and Madison Square Garden. The event had...

The better-than-expected third-quarter results put MGM Resorts International (NYSE: MGM) one step closer to become an “investment-grade” stock. CLSA expectsMGM to turn free cash flow positive in 2017, driven by the upcoming openings of National Harbor and MGM Cotai. Rating Boost Ahead...

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...

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...

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,...