Las Vegas Sands (NYSE:LVS) is in rally mode Tuesday after drawing some support from a widely followed gaming analyst. In midday trading, the downtrodden casino name is higher by seven percent on volume that already topped the daily average after JPMorgan’s Joseph Greff raised his rating on the shares to “overweight” from “neutral.” The bank […]
Casino operators in Macau are waiting to see what the final results of the city’s updated gambling laws will look like. They’re likely a little anxious, but Fitch Ratings analysts don’t believe they should be. Macau’s government and gaming regulators are working on updated gambling laws, which are expected to be released in the coming […]
In a sweeping commentary on casino stocks today, Bank of America analyst Bank of America analyst Shaun Kelley recommends focusing on quality and value opportunities in the space. In a note to clients, Kelley highlights at least seven gaming names, speaking bullishly on a quartet while downgrading a trio. Among the names the analysts like […]
A group in Florida working to expand gaming in the Sunshine State is inching closer to forcing a ballot referendum in November. But the state’s chief legal advisor believes the initiative might run afoul of the law. When it comes to changing the status quo of gaming in Florida, nothing is easy. “Florida Voters in […]
