|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||62.28 - 62.81|
|52-week range||51.35 - 66.22|
|PE ratio (TTM)||24.39|
|Earnings date||25 Oct. 2017|
|Forward Dividend & Yield||2.92 (4.68%)|
|1y target est||65.92|
Oct.04 -- The Las Vegas Sands President says this week's mass shooting won't have a huge impact on its earnings because most of its revenue comes from Asia. Speaking to Bloomberg in Tokyo, Robert Goldstein says he's lived in Vegas for 25 years and one thing you need to know is that it's a resilient town.
A stronger and simplified Caesars Entertainment is upgrading its Las Vegas properties while eyeing domestic acquisitions and development outside the U.S., after its largest operating unit emerged from a contentious and expensive bankruptcy dubbed “Godzilla vs. Godzilla” because of the power players involved. Caesars (CZR) is the largest U.S.-focused gambling company, and No. 2 behind MGM Resorts International (MGM) in the country’s largest market, Las Vegas, where it operates nine hotel/casinos, including Caesars Palace, and generates about 60% of its cash flow. Wall Street has warmed to the Caesars story this year in a strong market for casino operators.
Despite the MGM Resorts International (MGM) tragedy at the Vegas strip, the gambling mecca and expansion in Macau could reap financial rewards, but analysts are struggling to find catalysts for the stock. Stifel's Steven M. Wieczynski and Brad J. Boyer downgraded MGM shares to hold from buy Wednesday, and cut their price target to $33 from $38, sending shares lower by 0.6%. They prefer Las Vegas Sands (LVS).
The Zacks Analyst Blog Highlights: NIKE, Cisco Systems, Gilead Sciences, Las Vegas Sands and Aon
Diversification efforts and a favorable macro environment are likely to drive growth at Las Vegas Sands (LVS). Another corruption crackdown may however affect Macao's recovery and hamper performance.
MGM Resorts was downgraded at Susquehanna, which cited expectations that the Las Vegas tragedy will lead to lower profit and bookings in the coming months.
Stocks of leading Las Vegas-focused casino operators lost value after the rampage on the Strip. This may keep tourists away from the region for the time being and hamper casino operators' performance.
The Zacks Analyst Blog Highlights: MGM Resorts, Wynn Resorts, Caesars Entertainment, Las Vegas Sands and American Outdoor Brands
A gunman identified as 64-year-old Stephen Paddock from Mesquite, Nevada opened fire on a crowd at a country-music concert in Las Vegas on Sunday evening.
MGM, Wynn Resorts, American Outdoor Brands, Strum Ruger, Altice, Disney, Oracle, Amazon, Facebook and Google are among the stocks to watch.
November 3, 2016 Selects ICON Venue Group as Owner's Representative and Project Manager, and HOK as Lead Design Consultant and Architect of Record Joins Powerhouse Team That Includes Las Vegas Sands, Azoff ...