Macau Casino Revenue Stabilizes in April But Any Rally Could be 'Short Lived', Says Analyst (LVS) (MGM) (MPEL) (WYNN)
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Las Vegas Sands (LVS) Hits Session Highs
May 4, 2015 11:18 AM EDTLas Vegas Sands (NYSE: LVS) hit session highs Monday morning, rising 3%. Shares opened strong after GGR data out of Macau showed stabilization. Unconfirmed chatter later in the session said the company hired advisors to help plan for a spin-off of its hotels and... More
MGM Resorts (MGM) Tops Q1 EPS by 19c
May 4, 2015 8:17 AM EDTMGM Resorts (NYSE: MGM) reported Q1 EPS of $0.33, $0.19 better than the analyst estimate of $0.14. Revenue for the quarter came in at $2.33 billion versus the consensus estimate of $2.4 billion.
Rooms revenue at wholly owned domestic resorts increased 2% with a 1% increase... More