The gambling revenue numbers out of Macau continue to look strong, according to RBC Capital. For the first 17 days of March, the average daily win rate was up 34% Y/Y even with the Chinese New Year over. The key stat in Macau: Mass market demand growth still outpaces supply growth by 10-15 bps. Melco Crown (MPEL), MGM Resorts (MGM), Wynn Resorts (WYNN), and Las Vegas Sands (LVS) hope the trend continues. [View news story]
$BJK ,.....With growing Global Middle Class Win/Win!
"The workers did it" is becoming the new "I can't recall." Former JPMorgan (JPM -2%) CIO Ina Drew blames traders and managers who reported to her for bets that led to $6B in losses, telling senators that her team changed projected losses and hid information from her. Drew defends her oversight as "reasonable and diligent" and says she shouldn't be held personally responsible for the losses. [View news story]
$6B that could have bought a lot of houses in Cali!
Casino stocks trade higher today with news on revenue from Macau looking good, but progress on an online poker bill in the U.S. looking even more promising. Analysts think the race between Nevada and New Jersey to see online poker within their state borders a reality increases the odds of a federal online bill getting pushed through Congress after previous attempts faltered. Advancers: Boyd Gaming +3.3%, Las Vegas Sands +2.6%, MGM Resorts +1.6%, Wynn Resorts (WYNN) +1.1%, Pinnacle +3.2%, Caesars Entertainment (CZR) +1.6%. [View news story]
Airline stocks rally as crude oil prices trek lower again. It's a move some analysts say can sustain with higher fares and trimmed capacity offering margin support. Leading the charge for the sector: United Continental (UAL +5%), Delta Air Lines (DAL +2.6%), Hawaiian Holdings (HA +1.9%), Alaska Air (ALK +1.8%), US Airways (LCC +1.2%), JetBlue (JBLU +1.4%). [View news story]
Oil in like 40 states in commercial quanities, yeah oil prolly trends down, or like nat/gas we could spend all day just talking about it while nat/gas coming out our ears!
Is the tide turning in Las Vegas? A new announcement on plans by The Genting Group to build a mega-resort on the Strip marks the first large-scale project to launch in years. The company says it spend $7B to build a massive Asian-themed resort on land Boyd Gaming originally had planned for another project. [View news story]
The gambling revenue numbers out of Macau continue to look strong, according to RBC Capital. For the first 17 days of March, the average daily win rate was up 34% Y/Y even with the Chinese New Year over. The key stat in Macau: Mass market demand growth still outpaces supply growth by 10-15 bps. Melco Crown (MPEL), MGM Resorts (MGM), Wynn Resorts (WYNN), and Las Vegas Sands (LVS) hope the trend continues. [View news story]
Franklin Financial - A Value Stock With Attractive Takeover Potential [View article]
"The workers did it" is becoming the new "I can't recall." Former JPMorgan (JPM -2%) CIO Ina Drew blames traders and managers who reported to her for bets that led to $6B in losses, telling senators that her team changed projected losses and hid information from her. Drew defends her oversight as "reasonable and diligent" and says she shouldn't be held personally responsible for the losses. [View news story]
5 Industry Bellwethers With Dividend Yields Greater Than 3% [View article]
Billionaire Mario Gabelli And GAMCO's Top 5 For 2013 [View article]
Casino stocks trade higher today with news on revenue from Macau looking good, but progress on an online poker bill in the U.S. looking even more promising. Analysts think the race between Nevada and New Jersey to see online poker within their state borders a reality increases the odds of a federal online bill getting pushed through Congress after previous attempts faltered. Advancers: Boyd Gaming +3.3%, Las Vegas Sands +2.6%, MGM Resorts +1.6%, Wynn Resorts (WYNN) +1.1%, Pinnacle +3.2%, Caesars Entertainment (CZR) +1.6%. [View news story]
A Portfolio For A Young, Aggressive Investor [View article]
Will Malta Become The Macau Of The Mediterranean? [View article]
Will Malta Become The Macau Of The Mediterranean? [View article]
Here's What Matters For Nike's $56 Valuation [View article]
Airline stocks rally as crude oil prices trek lower again. It's a move some analysts say can sustain with higher fares and trimmed capacity offering margin support. Leading the charge for the sector: United Continental (UAL +5%), Delta Air Lines (DAL +2.6%), Hawaiian Holdings (HA +1.9%), Alaska Air (ALK +1.8%), US Airways (LCC +1.2%), JetBlue (JBLU +1.4%). [View news story]
Double-Digit Yields. Be Sure You Get The mREIT Facts Before You Leap [View article]
Market Notes: Banking On Banks -- March 7 [View instapost]
Keep Up the brilliant work!
Franklin Financial - A Value Stock With Attractive Takeover Potential [View article]
Is the tide turning in Las Vegas? A new announcement on plans by The Genting Group to build a mega-resort on the Strip marks the first large-scale project to launch in years. The company says it spend $7B to build a massive Asian-themed resort on land Boyd Gaming originally had planned for another project. [View news story]