Market Currents
You can't get anything by Spain: A host of online poker firms pull their sites out of Spain due...
-
Friday, May 18, 2012, 2:10 PM ETYou can't get anything by Spain: A host of online poker firms pull their sites out of Spain due to the government's insistence on collecting back taxes to 2008 - a near impossibility for many industry names. While big players MGM Resorts (MGM -1.1%), Caesars (CZR -0.4%), and Wynn Resorts (WYNN +1.8%) circle about to find partners to stand ready for legalized online poker in the U.S. - it appears Spain will sit out the party and wait for Las Vegas Sands' (LVS +0.2%) dreamy $35B resort in the nation.
Other date
Latest Consumer Articles
This news story has 5 comments:
Most of the people in this stock are ready to shoot themselves. Here is the deal, you should have sold at 62.09. I did not because they had the biggest quarter ever. That's investing. I have sold and bought back in the past but I missed this one. Telling anyone this stock will go down more would be wrong and telling anyone this stock will go up would be wrong too, for the short run. The fundamentals have not changed with LVS so in the next 4 to 5 weeks we will be a lot higher. JMHO
Sold some the other day from the second account I opened a few weeks ago when I bought LVS at $57 -- eeeks -- really bad timing. Holding only LVS and VVUS in that account (old "traditional IRA"). Bought in increments so now have it at $51 - not too bad, may have to sell more. Going down in price will make it better for me to buy back more so not all bad!! Also MPEL may end up at a better buying price.
Holding much of my $40 LVS position in my rollover IRA; loading up on VXX as a hedge to losses. Sold SBUX, CSCO. Only have a few stocks (CRUS, AIS, WFM) left, but guess best to wait some of the Euro mess out.
Las Vegas Sands is doing very well in Singapore. Marina Bay Sands is taking market share from Resorts World Sentosa (RWS) every month. Citi, which is forecasting organic growth in the Singapore gaming sector of about 10 per cent for this year to US$6.5 billion (S$8.3 billion), also maintains a "Sell" rating on Genting Singapore, which owns Resorts World Sentosa (RWS).