News about

Wynn Resorts Announces Completion of Tender Offer and Consent Solicitation and Completion of Private Offering of Wynn Las Vegas 4.25% Senior Notes Due 2023

Wed, 22 May 2013 16:11:33 -0400

Wynn Resorts, Limited (NASDAQ: WYNN) announced today that Wynn Las Vegas, LLC, an indirect wholly owned subsidiary of Wynn Resorts, Limited, completed its previously announced cash tender offer (the “Tender Offer”) for any and all of the 7 7/8% First Mortgage Notes due 2017 (the “2017 Notes”) issued

Citi Highlights Macau Gambling Revenue At or Near Record Highs for Second Time in Two Months

Tue, 21 May 2013 17:09:21 -0400

Citigroup issued a note Tuesday morning suggesting Macau's gambling revenues may reach 30.5B patacas for May, following a record setting 31.3B in revenue for the month of March.

The model behind Citi analyst Anil Daswani's figures assumes an average daily run rate of 954M patacas for the remainder of the month.

Stocks

Wynn Resorts Announces Pricing of Private Offering of $500M Aggregate Principal Amount of Wynn Las Vegas 4.25% Senior Notes Due 2023

Wed, 15 May 2013 16:44:24 -0400

Wynn Resorts, Limited (NASDAQ: WYNN) announced today the pricing by Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp. (the “issuers”), each an indirect wholly owned subsidiary of Wynn Resorts, Limited, of $500.0 million aggregate principal amount of 4.25% Senior Notes due 2023 (the “Notes”). The Notes

Market Wrap-Up for May 13 (BLK, BEN, MOS, YUM, WYNN, more)

Mon, 13 May 2013 16:05:42 -0400

Despite the potential concern of a sooner-than-expected end to Federal Reserve easing, the markets were not down as much as some were thinking they would be, with some pointing to a better-than-expected retail sales number out this morning. On that note, we did have some names reacting nicely to positive Wall Street analyst calls. Blackrock [...]

Normura Raises Price Targets on Gaming Companies (WYNN, LVS)

Mon, 13 May 2013 09:07:45 -0400

Due to higher forecasts for Macau, Normura reported on Monday that it has raised its price target on several gaming companies including Wynn Resorts, Limited (WYNN) and Las Vegas Sands Corp. (LVS). The firm currently has a “Buy” rating on LVS and had raised the company’s price target from $62 to $67. This price target [...]

Stocks to Watch for May 10, 2013

Thu, 09 May 2013 17:50:00 -0400

Stocks Hitting 52-Week Highs

Mon, 06 May 2013 10:19:15 -0400

Wynn Resorts (NASDAQ: WYNN) shares gained 0.88% to touch a new 52-week high of $140.02. Wynn's PEG ratio is 1.88.

Starbucks (NASDAQ: SBUX) shares rose 0.50% to reach a new 52-week high of $62.18. Starbucks' trailing-twelve-month ROE is 28.97%.

Ryanair Holdings plc (NASDAQ: RYAAY) shares reached

10 Big Name Stocks Going Ex-Dividend Next Week (May 6-10)

Thu, 02 May 2013 13:36:34 -0400

Ex-dividend dates are very important to dividend investors, since you must purchase a stock prior to its ex-dividend date in order to receive its upcoming dividend payout. For more information, check out Everything Investors Need to Know About Ex-Dividend Dates Below we highlight 10 big-name stocks going ex-dividend for the week of May 6-10, 2013: [...]

The Games are Still Hot at Las Vegas Sands

Wed, 01 May 2013 12:38:00 -0400

DailyFinance.com: Las Vegas Sands Corp. (NYSE: LVS) reported first quarter 2013 results after markets closed today. For the quarter, the casino and resort operator posted adjusted diluted earnings per share (EPS) of $0.71 on revenues of $3.3 billion. In the same ... Read more

Rolling the dice on casino stocks

Wed, 01 May 2013 06:01:40 -0400

The gaming industry has gone through the worst period in its history over the last several years, with bankruptcies and failed projects commonplace. However, for at least a few of the players, things may finally be looking up.

X Factor: 5 Stocks Reaching Their Ex-Dividend Date on May 7

Tue, 30 Apr 2013 10:03:00 -0400

Entergy Corporation, Wynn Resorts, and Discover Financial Services are on the list.

Morgan Stanley Boosts Price Target, Estimates on Wynn Resorts (WYNN)

Mon, 29 Apr 2013 09:25:53 -0400

Wynn Resorts Ltd. (WYNN) had its earnings estimates and price target raised by analysts at Morgan Stanley on Monday. The analysts are optimistic that the casino resort operator’s Macau properties will help drive growth. Furthermore, the analysts note that Wynn is cutting costs at its Las Vegas properties. As such, the analysts now see shares [...]

Weekly Wrap-Up 4/27/2013: BA, WYNN, GOOG, CREE, CELG, PG, SOHU, AAPL

Sat, 27 Apr 2013 14:28:57 -0400

What a nice week we’ve had! We traded mostly on the upside as the market bounced. But, we also caught a couple nice trades on the downside as the market consolidate towards the end of the week. 100% of our closed trades were in the GR$$N: 11:15 | Ecstatic Plays AAPL ($415.70) Sold to Close [...]

24/7 Wall St. Closing Bell — Friday: Markets Open Low, Close Mixed

Fri, 26 Apr 2013 12:06:00 -0400

DailyFinance.com: U.S. equity markets opened lower this morning after hearing that U.S. GDP growth in the first quarter came in at 2.5%, well below the expected 3.1% (more coverage here). U.S. consumer sentiment also fell, but not by as much as expected (more coverage ... Read more

Wynn Resorts Sees Higher Profits; Declares Dividend (WYNN)

Fri, 26 Apr 2013 08:58:32 -0400

Resort company, Wynn Resorts, Limited (WYNN) reported higher first quarter earnings on Friday, which came in above analysts estimates. The Las Vegas, NV based company first quarter earnings of $203.4 million, or $2.00 per share, up 31% from $140.6 million, or $1.23 per share last year. Adjusted earnings for the quarter were $2.03 per share, [...]

Wynn Resorts Traders Bet on a Strong Quarterly Showing

Thu, 25 Apr 2013 16:03:00 -0400

WYNN's May 135 and weekly 4/26 135-strike calls are in focus today.

Wynn Resorts, Limited (WYNN) Traders Bet On a Strong Quarterly Showing

Thu, 25 Apr 2013 13:17:00 -0400

As Wynn Resorts, Limited (NASDAQ:WYNN) prepares to unveil its earnings after tonight's close, option players are piling up on calls...(Read More)

US Stock Futures Up Ahead Of Earnings, Jobless Claims Data

Thu, 25 Apr 2013 06:18:47 -0400

US stock futures are higher this morning, as investors are awaiting earnings reports from major companies and jobless claims data. Futures for the Dow Jones Industrial Average surged 36 points to 14,652.00 and S&P 500 index futures rose 3.20 points to 1,577.50. Nasdaq 100 futures gained 9 points to 2,833.00.

Amazon, Starbucks, UPS are stocks to watch

Thu, 25 Apr 2013 05:30:46 -0400

Amazon.com, Starbucks, and United Parcel Service are among the stocks likely to be active on Thursday as the earnings parade continues.

Earnings Scheduled For April 25, 2013

Thu, 25 Apr 2013 05:12:03 -0400

3M Company (NYSE: MMM) is expected to report its Q1 earnings at $1.65 per share on revenue of $7.81 billion.

Altria Group (NYSE: MO) is estimated to report its Q1 earnings at $0.53 per share on revenue of $4.04 billion.

ConocoPhillips (NYSE: COP) is expected to

Sector Rotation? + Free 2-Week Trial! CTXS, AKAM, AMGN, BIIB, CELG, ONXX, GILD, ALXN, MDVN, GOOG, CREE, BA, HES, WYNN, PNC, CELG

Wed, 24 Apr 2013 20:36:20 -0400

After a 3-day rally that started on Friday last week, the markets took a breather today. There were big earnings moves and some rotation seems to be happening. This morning, AMGN tumbled almost 7% after missing its earnings estimates. Biotechs have been really strong, making continuous new-highs. AMGN’s miss seemed to have triggered some profit-taking, [...]

Option Bears Bet Against Wynn Resorts, Limited (WYNN)

Mon, 15 Apr 2013 10:43:00 -0400

Speculation on Wynn Resorts, Limited (NASDAQ:WYNN) took a bearish turn last Friday, with 8,760 puts changing hands during the course of the session -- easily outstripping the 5,987 calls that crossed the tape...(Read More)

SP500 at New All-Time High! SPX, Nasdaq, GLD, PCLN, GOOG, FSLR, CMG, AAPL, BIDU, WYNN, LVS, SINA

Thu, 11 Apr 2013 00:56:58 -0400

This market is just amazing! Last Friday, it rallied from a big gap-down open after a disappointing jobs report, and ended the day only down slightly. Then, big buyers came in on Monday and the buying hasn’t let up. Stocks came out of the gate running today and pushed SPX to a new record high [...]

Dividend Highlights/Lowlights for April 9

Tue, 09 Apr 2013 16:50:14 -0400

These were some of the biggest dividend stock performers on the upside and the downside in today’s market action. Highlights Icahn Enterprises L.P. (IEP) – up 10% Blackstone Group L.P. (BX) – up 4% Wynn Resorts (WYNN) – up 4% Viacom (VIAB) – up 4% Hartford Financial Services (HIG) – up 4% Lowlights Time Warner [...]

These Are the 100 Highest-Paid CEOs in Business Today

Mon, 08 Apr 2013 16:30:51 -0400

The New York Times has published a list of the 100 highest-paid CEOS at U.S. public companies in 2012. Oracle (NASDAQ: ORCL) chief executive Larry Ellison is far and away the highest paid CEO on the list, as his $96.2 million in 2012 compensation dwarfs every other member

Fitch Calls Macau Gaming 'Stronger,' US Regional Gaming 'Weaker'

Fri, 05 Apr 2013 10:48:39 -0400

Fitch Ratings-New York-05 April 2013: Fitch Ratings says demand in U.S. lodging and Macau gaming has been stronger so far this year versus our previous expectations, while U.S. regional gaming has been weaker. Same-store gaming revenues are down approximately 10% year to date through February for states that have already reported (all major

5 Dividend Stocks Removed from Recommended List – Apr.5

Fri, 05 Apr 2013 08:12:07 -0400

We are removing five dividend stocks from our recommended list today. Names Being Removed BlackRock (BLK) – stock has moved quite strongly since our recommendation, but the shares appear fully valued at this time. Johnson & Johnson (JNJ) – another defensive name that has moved strongly and appears fully valued at current levels. Kimberly Clark [...]

Maybe Some March Madness For These ETFs

Thu, 21 Mar 2013 12:52:46 -0400

The NCAA Tournament starts, though chances are most folks that own a computer or television know that already, even they are not big basketball fans. "March Madness," as it is often referred, is one of the biggest sporting events in the U.S. Perhaps part of the reason for that is because,

The Big Companies Paying the Most in Taxes -- and the Least

Tue, 19 Mar 2013 10:30:00 -0400

DailyFinance.com: John Gress, Getty Images As our representatives in Washington continue their extended conflict over who should pay how much in taxes, one of the key battlegrounds involves corporate taxes. On paper the federal corporate tax rate is 35% -- which is on ... Read more

Major Casino Stocks Lower Despite Bullish Macau Comments from Citi

Tue, 12 Mar 2013 12:05:16 -0400

Shares of Melco Crown (NASDAQ: MPEL), Las Vegas Sands (NYSE: LVS), MGM (NYSE: MGM) and Wynn Resorts (NASDAQ: WYNN) are each trading lower Tuesday morning despite an earlier bullish note from Citigroup's Anil Daswani.

The analyst boosted his March estimate for gross

Wynn Responds to Okada Departure, Says Prelim. Results Show 99.7% Shares Supported Removing Okada

Thu, 21 Feb 2013 15:42:19 -0500

Wynn Resorts, Limited (Nasdaq: WYNN) today announced that Kazuo Okada has resigned from its Board of Directors. As a result, the Wynn Board will be reduced to eight directors, including six independent directors.

The company will hold its Special Meeting as planned tomorrow at which stockholders are voting on a proposal to

Kazuo Okada Resigns from Wynn Board Amid Disagreement, Sends Letter

Thu, 21 Feb 2013 15:20:02 -0500

Kazuo Okada issued the following statement today on his resignation from the Wynn Resorts (NASDAQ: WYNN) Board of Directors:

“Since the year 2000, Steve Wynn has orchestrated a deliberate campaign to deceive me. His actions have betrayed our friendship, the management agreement executed between us, the Shareholders Agreement executed in 2002, and, ultimately,

Wynn Fight Continues, But Kazuo Okada Resigns From The Board

Thu, 21 Feb 2013 10:33:00 -0500

DailyFinance.com: Wynn Resorts Ltd. (NASDAQ: WYNN) is perhaps one of the craziest infighting scenarios that investors have seen in modern times. The fight for control and influence has been very odd and has actually been very under-reported when you consider that Wynn ... Read more

Dividend Highlights/Lowlights for Feb. 12

Tue, 12 Feb 2013 16:34:34 -0500

These were some of the biggest dividend stock performers on the upside and the downside in today’s market action. Highlights Avon Products (AVP) – up 20% DR Horton (DHI) – up 5% Blackstone Group L.P. (BX) – up 3% The J.M. Smucker Company (SJM) – up 2% CBS Corporation (CBS) – up 2% Lowlights Coca-Cola [...]

Dividend Highlights/Lowlights for Feb. 11

Mon, 11 Feb 2013 16:36:32 -0500

These were some of the biggest dividend stock performers on the upside and the downside in today’s market action. Highlights Icahn Enterprises L.P. (IEP) – up 15% Moody’s Corp (MCO) – up 5% McGraw-Hill (MHP) – up 4% Consol Energy (CNX) – up 3% CSX Corp (CSX) – up 3% Lowlights Western Union (WU) – [...]

Dividend Highlights/Lowlights for Feb. 8

Fri, 08 Feb 2013 16:38:00 -0500

These were some of the biggest dividend stock performers on the upside and the downside in today’s market action. Highlights Activision Blizzard, Inc. (ATVI) – up 11% News Corp (NWSA) – up 3% Wynn Resorts (WYNN) – up 3% American Capital Agency (AGNC) – up 3% Hasbro Inc. (HAS) – up 3% Lowlights Moody’s Corp [...]

10 Big-Name Stocks Going Ex-Dividend Next Week (Feb 11-15)

Thu, 07 Feb 2013 13:57:34 -0500

Ex-dividend dates are very important to dividend investors, since you must purchase a stock prior to its ex-dividend date in order to receive its upcoming dividend payout. Below are 10 big-name stocks going ex-dividend for the week of February 11-15, 2013. 1. Valero Valero Energy Corporation (VLO) is set to trade ex-dividend on February 11. [...]

New Dividend Stock Added to Recommended List – Feb.5

Tue, 05 Feb 2013 11:35:55 -0500

We are adding a new stock to our recommended list today. Name Being Added Wynn Resorts – the casino giant recently lifted its dividend payout to bring the yield over the 3% level. This higher-beta name could be a bit volatile for some investors as the shares can produce wider stock fluctuations than most other [...]

Federal Court Dismisses Holder Derivative Action Against Wynn; Nevada Gaming Regulator Concludes Probe of Okada's Claims

Mon, 04 Feb 2013 09:02:51 -0500

Wynn Resorts, Limited (Nasdaq: WYNN) today reported three positive recent developments for the Company and its shareholders in combating the ongoing smear campaign against Wynn Resorts by Kazuo Okada.

First, the Nevada Gaming Control Board has informed Wynn Resorts that it has concluded its investigation of allegations made by Okada against Wynn

Is The Super Bowl a Big Deal For The Gambling ETF?

Fri, 01 Feb 2013 14:21:39 -0500

In case you did not know, the San Francisco 49ers and the Baltimore Raves are set to tussle for NFL supremacy Sunday in the latest rendition of the Super Bowl.

The Super Bowl, America's most popular individual sporting event, is also the most heavily wagered on sporting event in this

UPDATE: Deutsche Bank Reiterates Buy Rating, Raises PT on Wynn Resorts

Fri, 01 Feb 2013 11:23:41 -0500

In a report published Friday, Deutsche Bank reiterated its Buy rating on Wynn Resorts (NASDAQ: WYNN), and raised its price target from $144.00 to $146.00.

Deutsche Bank noted, “Tonight, after market close, WYNN reported largely in line results with hold aided strength in Las Vegas ($115 mm versus our

24/7 Wall St. Closing Bell — February 1, 2013: Markets Stronger on Economic Data (VZ, MA, EPD, STZ, UPS, BYI, GDOT, WYNN, CVX, XOM, MAT, MRK, NOV, TSN, CYOU, GCI, HUM, GOLD, RCL, SPG, CLX, ZTS, KERX,

Fri, 01 Feb 2013 11:08:00 -0500

DailyFinance.com: U.S. equity markets opened higher this morning on the heels of a solid report on U.S. nonfarm payrolls, which rose less than expected but on top of a large upward revision for December (more coverage here). In Europe, PMI data was released and, with ... Read more

Wynn Resorts Q4 Profit Falls 42%, Misses Estimates; Raises Quarterly Dividend by 100% (WYNN)

Fri, 01 Feb 2013 08:23:21 -0500

After the bell on Thursday casino and hotel operator Wynn Resorts, Limited (WYNN) said that it saw a big decline in profit, missing Wall Street views, but revenue was up on strong Las Vegas property results. Wynn also announced a 100% increase to its quarterly dividend. The Las Vegas, Nevada-based casino operator posted a -41.5% [...]

Top Analyst Upgrades and Downgrades (BUD, BWLD, CB, STZ, EPD, ERIC, GME, JOSB, MA, OIS, ORCL, UPS, VZ, WETF, WYNN)

Fri, 01 Feb 2013 03:38:00 -0500

DailyFinance.com: These are some of this Friday's top analyst upgrades, downgrades and initiations seen from Wall St. research calls. Anheuser-Busch InBev S.A./N.V. (NYSE: BUD) cut to Hold at Soc-Gen. Buffalo Wild Wings Inc. (NASDAQ: BWLD) raised to Buy at ... Read more

UPDATE: Wynn Posts Lower Q4 Profit

Fri, 01 Feb 2013 02:59:10 -0500

Wynn Resorts (NASDAQ: WYNN) reported a decline in its fourth-quarter profit.

Wynn's quarterly earnings dropped to $111.4 million, or $1.10 per share, from $190.5 million, or $1.52 per share, in the year-ago quarter. Excluding one-time items, it earned $1.17 per share.

Its total revenue declined to $1.29 billion from

Stocks To Watch For February 1, 2013

Fri, 01 Feb 2013 02:38:17 -0500

Some of the stocks that may grab investor focus today are:

Wall Street expects Mattel (NASDAQ: MAT) to report its Q4 earnings at $1.15 per share on revenue of $2.29 billion. Mattel shares fell 1.14% to $37.20 in after-hours trading.

Wynn Resorts (NASDAQ: WYNN) reported a drop in

Audience shares zoom up, Wynn falls after hours

Thu, 31 Jan 2013 18:33:55 -0500

The audio-processing technology firm’s forecasts outstrip Wall Street’s projections, while the casino operator’s quarterly adjusted earnings come in below estimates.

Dividend Payout Changes for Jan.31

Thu, 31 Jan 2013 18:05:54 -0500

The following companies announced a change in their dividend payouts today. Companies Increasing Dividend Payouts Applied Industrial Technologies (AIT) has raised its annual dividend payout from $.84 to $.92. The new dividend yield, based on today’s closing stock price of $43.96, is 2.09%. AIT is not a “Recommended” stock at this time, holding a Dividend.com [...]

No Laughs at Wynn Resorts

Thu, 31 Jan 2013 11:38:00 -0500

DailyFinance.com: Wynn Resorts Ltd. (NASDAQ: WYNN) reported fourth quarter and full year 2012 results after markets closed today. For the quarter, the casino and resort operator posted adjusted diluted earnings per share (EPS) of $1.17 on revenues of $1.29 billion. In ... Read more

24/7 Wall St. Closing Bell — January 31, 2013: Markets Slip Again (HES, STX, QCOMM, FIO, CMA, CTXS, COP, EA, FB, JDSU, LVS, AET, MO, AN, CL, DNKN, MA, PHM, TWC, UPS, BYI, GDOT, WYNN, CVX, XOM, MAT, MR

Thu, 31 Jan 2013 11:17:00 -0500

DailyFinance.com: U.S. equity markets opened lower this morning following a mixed bag of data on the U.S. economy and mixed earnings results out this morning. In Europe, Germany's retail sales fell sharply this month, but the unemployment rate improved to 6.8% (more ... Read more