Fri, May 15, 4:07 PM
- Senate Bill 9 has been passed by both legislative chambers in Nevada, clearing the way for skills-based casino floor games.
- The development also opens a door for videogame sellers to create or license casino versions of their popular titles.
- The casino industry has its eyes on attracting millennials after seeing the group show tepid demand for classic table games and slot machines.
- New Jersey and Mississippi have also set the stage for casino floor innovation with similar legislation.
- Previously: Paging Steve Nash to the Borgata (Feb. 13)
- Related stocks: CZR, WYNN, SGMS, ISLE, PNK, PENN, MCRI, CNTY, IGT, MGM, BYD, OTCQB:TPCA, ATVI, TTWO, EA.
- Related ETFs: BJK
Tue, Apr. 7, 11:29 AM| Comment!
Fri, Mar. 20, 2:12 PM
- Isle of Capri (NASDAQ:ISLE) rallies hard on strong volume without any news out from the company.
- The regional casino chain is one of the usual suspects when it comes to M&A or REIT speculation in the gaming sector.
- Shares of ISLE are up 72% YTD.
- Casino Management Review published an informative on REITs in the casino sector for those trying to separate the wheat from the chaff.
Mon, Mar. 9, 9:53 AM
- A powerful bid from Gaming & Leisure for Pinnacle's (PNK +18.6%) real estate is helping to give a lift to other regional casino stocks in early trading.
- The sector, which already has been an out-performer in 2015 due to a recovery in casino traffic amid lower gas prices in the U.S., has some underlying REIT potential bubbling under the surface, according to analysts.
- Previously: Pinnacle Entertainment soars as Gaming & Leisure bids for its real estate (Mar. 09 2015)
- Gainers: Isle of Capri (NASDAQ:ISLE) +2.3%, Boyd Gaming (NYSE:BYD) +7.0%, Penn National Gaming (NASDAQ:PENN) +2.1%, Century Casinos (NASDAQ:CNTY) +0.8%.
Mon, Mar. 2, 10:15 AM
- Regional casino stocks show some early momentum as more positive signals for the sector filter in.
- Gainers: Isle of Capri (NASDAQ:ISLE) +8.9%, Pinnacle Entertainment (NYSE:PNK) +3.9%, Boyd Gaming (NYSE:BYD) +3.9%, Penn National Gaming (NASDAQ:PENN) +3.4%, Empire Resorts (NASDAQ:NYNY) +2.2%.
- A strong note from Macquarie recommending Isle of Capri to investors added some pep to the sector last week.
- Previously: Casinos love $2 gas (Feb. 28 2015)
Sat, Feb. 28, 11:57 AM
- Casinos in Nevada saw a 7.75% increase in revenue to $953M during January, according to the Gaming Control Board.
- Revenue on the Las Vegas Strip - dominated by MGM Resorts (NYSE:MGM), Caesars Entertainment (NASDAQ:CZR), and Wynn Resorts (NASDAQ:WYNN) - was up 15.4% Y/Y during the month.
- Total revenue in Atlantic City rose 1% Y/Y in Jan. - although the tally improves to +19% if shuttered casinos are backed out.
- Analysts say improved employment rates in the U.S. and lower gas prices ($2.04 avg in Jan.) helped to drive traffic, although an unusually high baccarat hold percentage in LV also played a factor there.
- But perhaps the biggest driver of the Vegas momentum was the higher RevPAR churned up by hotels (see MGM's Q4) and a meaningful increase in convention business.
- The strong attendance around the Consumer Electronics Show bodes well for major 2015 conventions, notes Macquarie Securities.
- Earlier in the week, a strong report from Isle of Capri (NASDAQ:ISLE) helped to give a boost to regional casino stocks. Regionals have seen a steady increase in traffic over the last 6 months, although capacity concerns still impact some regions.
- Previously: Regional casino stocks get a look as trends improve (Feb. 25)
- Related casino industry stocks: NYNY, FLL, DDE, OTCQB:TPCA, CHDN, CNTY, PNK, BYD, SGMS, OTCPK:AMYGF, CACQ, PENN, MCRI
Wed, Feb. 25, 1:05 PM
- Regional casino stocks are out ahead of market averages after Isle of Capri (ISLE +13.6%) shows strong revenue growth.
- The company's results have some broad implications with its properties spread across Colorado, Florida, Iowa, Louisiana, Mississippi, Missouri, and Pennsylvania.
- Gainers: Caesars Entertainment (NASDAQ:CZR) +3.3%, Penn National Gaming (NASDAQ:PENN) +1.4%, Boyd Gaming (NYSE:BYD) +2.2%, Pinnacle Entertainment (NYSE:PNK) +1.1%, Dover Downs Gaming & Entertainment (NYSE:DDE) +0.9%, Churchill Downs (NASDAQ:CHDN) +1.0%.
- Casino supplier Scientific Games (SGMS +1.4%) is also up on the day.
- Previously: Isle of Capri beats by $0.11, beats on revenue
- Previously: Isle of Capri shows strength across properties in Q4
- Related ETF: BJK.
Wed, Feb. 25, 8:39 AM| Comment!
Wed, Feb. 25, 8:33 AM
Tue, Feb. 24, 5:30 PM
Fri, Feb. 13, 1:23 PM
- The Borgata (MGM, BYD) announces it will offer a skills-based basketball competition after landing approval from New Jersey regulators.
- Casino visitors can enter a basketball free-throwing shooting contest in a poker-style tournament that pays off a majority of the pot to the last few survivors.
- The contest is even open to professionals.
- The development in Atlantic City follows news from earlier this week on pending legislation in Nevada proposing to allow video game contests in casinos.
- What to watch: An apathetic attitude by millennials toward slot machines and video poker is partially behind the innovation push in the casino sector.
- Related stocks: CZR, WYNN, SGMS, ISLE, PNK, PENN, MCRI, CNTY, IGT.
- Related ETF: BJK.
Thu, Feb. 5, 1:24 PM
- The Restoration of America's Wire Act bill was re-introduced in Congress this week.
- Supporters of the bill, which aims to ban online gambling, are testing the new climate in D.C. with the introduction.
- Nevada, New Jersey, and Delaware are the only states to have established online gambling since the DOJ decision of 2011 on the issue.
- Related stocks: OTCQB:TPCA, PNK, CZR, PENN, LVS, BYD, WYNN, MGM, MCRI, ISLE, CNTY, IGT.
- Related ETFs: BJK
Fri, Jan. 30, 11:19 AM
- A report from the Nevada Gaming Control Board indicates revenue in the state fell 8.08% Y/Y in December.
- Revenue from Las Vegas Strip casinos was off 16% during the month.
- Analysts noted the month posed a tough compare, but were still caught off-guard.
- The negative report appears to be impacting sentiment across the gaming sector, although some other factors are also in play.
- Casino stocks:CZR -4.4%, CACQ -4.3%, ISLE -2.7%, NYNY -3.9%, UWN -1.6%, CNTY -1.8%, MCRI -2.2%, CHDN -1.5%, PNK -0.3%, MGM -3%, WYNN -2.5%.
Dec. 2, 2014, 8:34 AM
Dec. 1, 2014, 5:30 PM
Nov. 29, 2014, 10:29 AM
- Analysts with Gasbuddy.com predict some gas stations in the U.S. will offer $2 per gallon gas by Christmas.
- The last time the average price of gas in the U.S. was below $2 was in March of 2009.
- Forecasts from economists vary widely on the overall gas benefit to consumers for Q4. The high end from the group is an outlook of $300 per household, while the low end is closer to $100.
- Most analysts see an immediate lift for retail chains with large distribution channels. Wal-Mart (NYSE:WMT), Target (NYSE:TGT), Costco (NASDAQ:COST), Dollar General (NYSE:DG), Family Dollar (NYSE:FDO), Dollar Tree (NASDAQ:DLTR), Big Lots (NYSE:BIG), and Five Below (NASDAQ:FIVE) come to mind.
- Airline stocks (JBLU, DAL, UAL, LUV, AAL, RJET, ALK, HA, ALGT, VA) have already ripped strong gains off the OPEC news, although some see even more long-term upside as forward fuel hedges get reworked.
- A sustained period of low gas prices should lift restaurant stocks (CAKE, CBRL, CMG, DNKN, DPZ, DRI, EAT, JACK, MCD, PNRA, RRGB, RT, SBUX, SONC, WEN, BWLD, THI, BDL, NATH, LUB, BKW, CHUY, BLMN, PZZA, TXRH, DENN, KKD, BBRG, DFRG, BOBE, RUTH, IRG, DIN) say some analysts.
- The gaming sector is (CZR, PNK, BYD, ISLE, CNTY, MCRI, MGM, NYNY) also an off-the-radar pick to bounce.
ISLE vs. ETF Alternatives
Isle of Capri Casinos Inc is a developer, owner and operator of regional gaming facilities and related dining, lodging and entertainment facilities in the United States. It owns and operates 15 gaming and entertainment facilities.
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