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Las Vegas Sands Falls 6% Following Top And Bottom Line Miss
Thursday, April 21, 2016 - 7:55am | 332Read More...Shares of Las Vegas Sands Corp. (NYSE: LVS) were trading lower by more than 7 percent early Thursday morning after the company reported its first quarter results on Wednesday. Las Vegas Sands said it earned $0.45 per share in the first quarter on revenue of $2.72 billion. Wall Street analysts...
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Macau Estimates Still Too High, Wells Fargo Sees 10% EPS Downside
Monday, July 13, 2015 - 8:54am | 370Read More...In a report published Monday, Wells Fargo analyst Cameron McKnight commented on Macau's gaming sector, stating that "stabilization does not equal growth" and the market is adjusting to a "new normal." According to McKnight, the "new normal" consists of tighter...
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'Worst Is Over' For Macau; Credit Suisse Upgrades MGM, Las Vegas Sands And Wynn Hong Kong Shares
Tuesday, July 7, 2015 - 10:18am | 464Read More...In a report published Tuesday, Credit Suisse analyst Kenneth Fong commented on the Macau Gaming sector, noting that the "worst is over" and it is now time for investments to accumulate shares. "We believe that the worst is over for the sector, given the negatives are well-known, the sector is under...
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'Macau's At A Crossroads' According To Susquehanna; Price Targets Reduced
Friday, June 12, 2015 - 10:01am | 355Read More...In a report published Friday, Susquehanna Financial Group analyst Rachel Rothman described Macau's gaming market as being at a crossroad given rumors of a complete smoking ban, table count concerns, additional supply coming and gaming revenue declines. Rothman noted that after a year of "...
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Bank Of America: Macau's Gross Gaming Revenue Improved, Highlights Other News Developments
Tuesday, December 30, 2014 - 10:10am | 315Read More...Billy Ng of Bank of America commented in a note on Tuesday that Macau's daily Gross Gaming Revenue (GGR) run-rate for the past two weeks improved to MOP752 million (~$94.12 million) from MOP698 million in the week before, implying a 7 percent increase. Ng notes that the uptick followed...
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Deutsche Bank On Macau: Near-Term Climate Unlikely To Improve
Thursday, December 11, 2014 - 10:27am | 171Read More...Carlo Santarelli of Deutsche Bank commented in a note on Thursday that Macau's near-term challenges are unlikely to improve. Santarelli notes that several persistent tailwinds seen over the past six months have had a negative influence in trends. These include China's anti-corruption campaign, “...
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Market Wrap For March 5: Markets Calm Following Tuesday's Massive Rally
Wednesday, March 5, 2014 - 5:40pm | 2368Read More...U.S. stocks were little changed on Wednesday as investors found no new catalysts to maintain a bull rally, especially ahead of Friday's employment report and no new major developments arising from the Ukraine/Russia stand-off. The Beige Book, released at 2:00 pm, confirmed what most already...
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Market Wrap For January 31: Markets End January On Sour Note
Friday, January 31, 2014 - 5:38pm | 2825Read More...U.S. stocks fell steeply on Friday as Wall Street recorded its first monthly loss since August. Investors have plenty on their plate to worry about from emerging markets, an earning season failing to ignite excitement and a lackluster consumer confidence that is being felt by many retailers who...
