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Analysts have gotten a lot more optimistic in recent months about Wynn earnings, raising their first-quarter estimates by almost 10% and adding $0.60 to $0.65 per share to their full-year projections for 2014 and 2015. The stock, though, has given up
executives have pointed to five trends that will lead to continued growth in Macau over the next five years...Two new transportation developments are coming to Macau, making it easier to get gamblers to get to casinos on the island. A full bridge
The initial efforts of the corporate citizenship program, Sands Cares, are twofold. Las Vegas Sands is contributing $7 million to the University of Nevada, Las Vegas William F. Harrah College of Hotel Administration to help fund a new building for
Galaxy Entertainment Group Ltd. and Melco Crown Entertainment Ltd. look best placed to benefit from the next phase of Macau's development as the world's gambling capital adds eight more mega-casinos by 2017. The expansion will take place in the
Las Vegas Sands Corp Chief Executive Sheldon Adelson said on Monday his company was willing to spend "whatever it takes" to set up a casino project in Japan, one of the largest untapped gaming markets in the world. "Would I put in $10 billion? Yes,"
The casino industry had a whirlwind 2013, and 2014 may be just as good if not better. MGM ) -- which gained nearly 100% in stock price throughout 2013. As is widely known, the Chinese island of Macau is the world's gaming mecca and is driving
Casino giant Las Vegas Sands Corp. has restored its websites a week after they were hacked. The Las Vegas-based company pulled down its sites Feb. 13 after hackers defaced them with images condemning comments CEO Sheldon Adelson had made about using
Las Vegas Sands Corp. produced more revenues companywide in 2013 than Nevada and Atlantic City combined. Buoyed by a 28 percent increase in revenues from its Macau subsidiary during the fourth quarter, the casino operator grew profits by 32.8 percent
With a new year comes new prognostications by Wall Street on which gaming companies will provide investors the best return in 2014. Not surprisingly, Las Vegas Sands Corp., Wynn Resorts Ltd. and MGM Resorts International lead the pack. The three
ET Wynn Macau Ltd., a subsidiary of Wynn Resorts Ltd., named Gamal Aziz its president, replacing Wynn Resorts Chairman and Chief Executive Stephen Wynn. Mr. Wynn will continue as CEO and chairman of Wynn Macau, and Mr. Aziz will report to him. Mr.