Category: Gaming

Macau Is Growing Up — Here’s What’s New in the Chinese Gaming Mecca

Macau’s resort landscape has grown substantially in the last year, even though its gaming revenue has suffered so much since 2014. Fool contributor and former Macau local Seth McNew gives insights on what companies like Las Vegas Sands 10 stocks we like better than Wynn Resorts When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.

Why Las Vegas Sands, Whirlpool, and F5 Networks Slumped Today

The stock market lost some of its upward momentum on Thursday, as major market benchmarks finished the day narrowly mixed. The S&P 500 and Nasdaq Composite both lost less than 0.1%, but the Dow Jones Industrials managed to post a gain of 32 points, which sent the average above the far less meaningful level of 20,100.

Wynn Shares Skyrocket Despite Ugly Earnings Miss

Wynn Resorts shares jumped 7.6% to $102.80 in late trading Thursday despite the gaming company reporting a wide fourth-quarter earnings miss. The company reported a 37.3% increase in net revenue of $1.3 billion for the quarter with adjusted earnings of 50 cents a share, well short of analysts’ expectations for earnings of 67 cents a share.

Las Vegas Sands paying $7 million to settle corrupt practices probe

U.S. authorities say billionaire Sheldon Adelson’s casino company is paying almost $7 million to settle a foreign corrupt practices investigation of the firm’s former relationship with a consultant in Macau and China. Justice Department and FBI officials said Thursday the agreement with Las Vegas Sands Corp. resolves a probe into more than $60 million paid to an unnamed agent retained in 2006 for business dealings including efforts to acquire a Chinese basketball team.

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Depending on how you look at it, that could be a good or bad thing. Wynn also opened its most expensive resort ever, the $4.4 billion Wynn Palace in the Cotai region of Macau, which should eventually bring hundreds of millions of cash into the business each year.

Will Las Vegas Sands Stock Pay a Bigger Dividend in 2017?

The casino giant’s CEO, Sheldon Adelson, has signaled that Sands intends to follow through on plans for a small dividend increase in 2017. Yet with a yield in excess of 5% and an annual dividend rate that exceeds its earnings over the past 12 months, some investors worry that Las Vegas Sands’ dividend might be at risk.

Will Wynn Resorts, Limited Raise Its Dividend in 2017?

At as high as 7.5% dividend yield in the recent past , Wynn has since slashed its dividend to now just 2% over the trailing 12 months. Things are starting to look good for Wynn’s underlying business once more — could this lead to a dividend raise in the year ahead? Wynn Resorts stock rose massively in the run-up to 2014 thanks largely to the rise in Macau, the gaming mecca off the coast of Mainland China that, at its height, was earning around seven times the gaming revenue of Las Vegas.

Better Buy: Las Vegas Sands Corp. vs. MGM Resorts

Because each casino operator has placed separate bets on the gaming market, investors will want to know which makes the better investment as the industry’s rebound gains momentum. Sands and MGM have their feet firmly planted in the two biggest gambling markets, Las Vegas and Macau, but that’s where the similarities end.