Macau Casinos Suffer for Third Straight Month

Written by :

Guest

Published on :

2 September, 2014

Shares of Macau-centric casinos such as Las Vegas Sands (NYSE:LVS) and Wynn Resorts (NASDAQ:WYNN) fell on reports of weaker-than-expected Macau gambling revenue for Aug.

Sterne Agee slashed earnings estimates on both casino companies as well as on MGM Resorts Int'l (NYSE:MGM) and Melco Crown Entertainment (NASDAQ:MPEL).

Sands shares fell 5.1% to 63.10. Wynn fell 4.1% to 185.05. MGM fell 2.6% to 23.83.

Source: Investors.com

Gambling Companies

Business & Financial

Gambling News

Florida AG Sues Chumba Casino, LuckyLand, Global Poker, Stake Sweepstakes Casinos

Florida Attorney General James Uthmeier has filed two lawsuits Wednesday against companies behind major online sweepstakes casinos, including Chumba Casino parent company VGW, which also operates the hugely popular LuckyLand and Global Poker sites.

BetAmapola Dispute Resolved: Player Paid in Full

Gambling911.com is happy to report that a long standing payout issue involving BetAmapola has now been resolved.

More Sweepstakes Casino Closures in August: LuckyStake and The Money Factory Shut Down

LuckyStake shut its sweepstakes casino down Aug. 14 with redemptions due by Aug. 20. The Money Factory did so two weeks prior.

Bally's Halts Chicago Casino Construction as Company Reports $792 million in Revenue....$4.5 billion in DEBT?

The company reported roughly $265.9 million in negative operating cash flow during the first six months of the year.