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Macau casino gross gaming revenue was up 0.01% in November on a year-over-year comparison to 6.75B patacas ($834M) vs. +2% consensus estimate. On a sequential basis GGR was up 55% during the month, but was 70% lower than the pre-pandemic level in 2019. Macau GGR is up 49.9% for the first elev...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Casino stocks are on falling on Monday thanks to recent news of an arrest in Macau connected to the industry. Source: Shutterstock There were actually several arrests on Saturday in connection to casino stocks but t...
The COVID Omicron variant remained Wall Street's central topic of conversation as traders returned to work on Monday following the Thanksgiving holiday. COVID vaccine maker Moderna (NASDAQ:MRNA) saw a pre-market advance as a result, extending the rally it posted last Friday when headlines abo...
There is another negative development in the Macau sector for investors to weigh after Suncity Group (OTCPK:SCGHF) Chairman Alvin Chau was accused by Chinese authorities of being a leading member of a cross-border gambling group that set up casinos on the Mainland. It is still unclear if the ...
Welcome to Seeking Alpha's Catalyst Watch - a breakdown of some of next week's actionable events that stand out. Check out Saturday morning's regular Stocks to Watch article for a full list of events planned for the week or the Seeking Alpha earnings calendar for companies due to report. Mond...
--News Direct-- Las Vegas Sands and the Clean the World Foundation , a leader in global health dedicated to water, sanitation, and hygiene (WASH) and global sustainability, have announced the 2021 Drop by Drop Project grant recipients. The Project will fund work by The University ...
Sports betting in Florida took a backward step after a federal court ruled yesterday that the compact between the state and the Seminole Tribe should be vacated. The judge in the case sided with parimutuel operators that the compact violates the Indian Gaming Regulatory Act. Of part...
A potential property collapse, uncertainty surrounding concession renewals and a slow recovery in Macau's visitation numbers are key reasons why Las Vegas Sands (LVS) continues to see downwards pressure. I believe the only real threat to LVS is China's property market and what impact ...
Concerns that spending trends in Las Vegas are starting to fade as tourism demand continues to impress. Las Vegas Strip card spend accelerated last week to show a 30% increase versus the level seen in 2019, per Bank of America credit card and debit card data. Spending in Las Vegas has been bo...
JPMorgan forecasts 2022 gross gaming revenue in Macau will be just over 50% of the pre-pandemic level seen in 2019 off a 70% recovery in mass and a 24% recovery in VIP. That is a slight lift to the previous outlook. Jefferies is also incrementally positive on the Macau outlook. Analyst David ...
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2024-05-17 20:52:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
Sands Macao Celebrates 20th Anniversary PR Newswire MACAO , May 16, 2024 /PRNewswire/ -- Sands ® Macao celebrated its 20th anniversary with a ceremony at the hotel and entertainment complex's outdoor fountain Thursday, marking two decades since its 2...
The 2024 contribution exemplifies Sands' focus on workforce development initiatives and empowering unemployed and underemployed people to find pathways to jobs and careers. LAS VEGAS, NV / ACCESSWIRE / May 7, 2024 / Las Vegas Sands (NYSE: LVS ) has contributed $100,000 through Sands Cares to...