Caesars Entertainment Corp
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MGM Resorts Offers Most Upside Among Casino Stocks
By Mark Yagalla - May 20, 2013 | Tickers: CZR, LVS, MGM
Sterne Agee just upgraded MGM Resorts (NYSE: MGM) to "buy" from "neutral," citing the company's improving Las Vegas operations. What intrigued me the most is that the firm is valuing MGM's Macau operations at $14, so you're getting the Las Vegas operations for free.
We value MGM China at ~$14 – leaving other EBITDA components (incl. a Strip recovery) nearly a free option at current prices. We believe more »
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Tongue-Tied At Social Gaming
By Ranu D - May 13, 2013 | Tickers: CZR, EA, ZNGA
Zynga's (NASDAQ: ZNGA) trouble underlines the difficulties with social gaming. The publisher behind games like FarmVille and Words with Friends recently reported that its number of monthly active users was down 13% year-over-year to 253 million in the first quarter of 2013. These figures are the lowest since the third quarter of 2012, which stood at 331 million. Daily active users also fell 20% year-over-year to 52 million. Seeing more »
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Investing in Las Vegas Sands Is No Gamble
By Jayson Derrick - May 8, 2013 | Tickers: CZR, LVS, MGM, WYNN
Las Vegas Sands (NYSE: LVS) is one of the world’s leading global developers of destination properties with a focus on gaming, entertainment, convention and exhibition facilities. With properties spread out across the United States and Asia, Las Vegas Sands holds significant advantages that their competitors only dream of.
Macau is the world’s biggest gambling market, not Las Vegas
In gambling lingo a ‘whale’ is an individual that will more »
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Zynga and Online Gambling: What to Expect?
By Ishtiaq Ahmed - April 10, 2013 | Tickers: CZR, GLUU, ZNGA
Zynga (NASDAQ: ZNGA) has pinned its hopes on online gambling, and the company is hoping to monetize its existing user base. The market has realized that Zynga might be able to exploit its strong position in online gaming. As a result, the stock has gained more than 45% since the start of the year amid the reports that the company is going to be a major player in online gambling more »
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Zynga and Online Gambling: What to Expect?
By Ishtiaq Ahmed - April 2, 2013 | Tickers: CZR, GLUU, ZNGA
Zynga (NASDAQ: ZNGA) and online gambling are the two most widely used words nowadays when it comes to online gaming. The stock has gained more than 40% since the start of the year amid the reports that the company is going to be a major player in online gambling. Zynga suffered heavily in the last year due to a sharp decline in revenue growth, high costs and an exodus of more »
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Don’t Buy Las Vegas Sands and its Peers Right Now
By Meena Krishnamsetty - March 29, 2013 | Tickers: CZR, LVS, MPEL, MGM, WYNN
Las Vegas Sands (NYSE: LVS) has risen 16% year to date, though the stock is down from its levels a year ago while the S&P 500 is up 11%. In 2012, the company’s net revenue (which subtract out promotional allowances) grew 18% compared to 2011. With costs rising in line with sales, earnings showed only modest changes even after adding back an impairment charge.
Net income available to more »
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The Stocks to Know for Online Gambling
By Salvatore "Sam" Mattera - March 28, 2013 | Tickers: BYD, CZR, IGT, SHFL, ZNGA
So far, three states have legalized online gambling: Nevada, Delaware and New Jersey. If the trend continues, the Internet could emerge as a major growth area for the industry. Zynga (NASDAQ: ZNGA), Caesars Entertainment (NASDAQ: CZR), Boyd Gaming (NYSE: BYD), SHFL entertainment (NASDAQ: SHFL), and International Game Technology (NYSE: IGT) are all stocks that could benefit from online gambling.
Zynga is looking to take its online gaming expertise into the more »
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Local Casinos Oppose Zynga's Plans for Online Gambling
By Marcus Vilkas - March 11, 2013 | Tickers: BYD, CZR, MGM, ZNGA
Zynga (NASDAQ:ZNGA), the world's leading social game service provider, has lately encountered difficulties in its attempts to make real-money gambling available online. Impediments were brought about by state legislation which legalizes internet betting to benefit local casino operators.
Shares of Zynga have a market cap of around $2.46 billion, also have around $100 million in total debt and provides $1.28 billion in total cash. During the more »
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Local Casinos Oppose Zynga's Plans for Online Gambling
By Marcus Vilkas - March 11, 2013 | Tickers: BYD, CZR, MGM, ZNGA
Zynga Inc. (NASDAQ:ZNGA), the world's leading social game service provider, has lately encountered difficulties in its attempts to make real-money gambling available online. Impediments were brought about by state legislation which legalizes internet betting to benefit local casino operators.
Zynga's Investors are confident that the company will dominate the real-money online betting scene, considering its current success with the world's most widely-played free online poker game more » -
A New Way to Play the Gambling Sector...And Win
By Bill Edson - March 8, 2013 | Tickers: CZR, MGM, ZNGA
Zynga (NASDAQ: ZNGA) is a very interesting way to play online gambling. Unlike brick-and-mortar casino resorts, it does not require extensive capital expenditures to scale up operations. If virtual gaming becomes a more mainstream investment thesis, it could rival Macau as a growth story and be a perceived driver of growth in the gaming industry.
Problems With Brick and Mortar
Despite the glitz, operating casinos is a tough business. Even more »
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Why Zynga is Overvalued with or without Online Poker
By Jordan Wathen - March 1, 2013 | Tickers: BYD, CZR, ZNGA
Let's be frank: Zynga's (NASDAQ: ZNGA) current batch of online gaming properties doesn't justify the company's current market cap. Zynga's gaming franchises are fun and even addicting (who hasn't played too much Words With Friends?) but from an investment standpoint they simply aren't compelling.
So that leaves us with the enterprise as it exists plus the Zynga Poker option. The company has net-net more »
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Can Online Gambling Revitalize Zynga?
By Chris Moore - March 1, 2013 | Tickers: CZR, FB, LVS, MGM, ZNGA
It looks like Zynga (NASDAQ: ZNGA) is gearing up to make a serious run at internet gambling and sentiment is lining up to add a huge new market just as the company shifts toward gambling. Zynga has already signed a partner for online gambling in the U.K. and the U.S. is beginning to embrace online gambling state by state. The company has suffered as of late, driven in more »
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Tuesday’s Post-Earning Movers: Are Any Worth Buying?
By Brian Nichols - February 28, 2013 | Tickers: CZR, HD, SPRD, SLCA
Earnings and earning-related news is the number one catalyst for stock movement. A strong quarter can dictate the direction of a stock for the following three months as can a bad quarter; in the past I have written in detail about such subjects, a domino effect following a strong or bad quarter. In this piece I am looking at the early performance of Tuesday’s top movers following earnings. Then more »
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Why LVS Is Positioned to Rise Over This Stock
By David Gould - February 20, 2013 | Tickers: CZR, LVS, MGM, SGMS, WMS
A key concern for many casino investors is slowing growth in Macau. However, this has proven to be a lot less of an issue than what the market originally expected. The subsequent market correction has sent casino shares soaring by the double-digits. New issues, however, have arisen for MGM that can ultimately bring similar returns if resolved in an appropriate manner. Below, I present my take on LVS and MGM more »
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Macao's Gambling Monopoly in China Ending?
By Margie Nemcick-Cruz - February 20, 2013 | Tickers: CZR, LVS, MGM, WYNN
Macao’s grip on its gambling monopoly may be getting slippery. According to this article in Yahoo Finance, a film and real estate mogul named Zhang Baoquan has opened the Mangrove Tree Resort World, the first “cashless casino” on China’s Hainan Island, an hour’s plane ride away from Macao.
Quoting the above article: “the casino bar marks the Chinese government's first tacit approval of a gaming concept more »
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Are Any of These Moves on Friday Higher Warranted?
By Brian Nichols - February 9, 2013 | Tickers: ATVI, CZR, FLT
Unless a stock is trading at a significant level of resistance, or following a large move either lower or higher, it doesn’t take a lot for a period of excessive volatility to create gains. A stock can see a 5%-20% gain for a number of reasons ranging from earnings to analyst notes. Sometimes the moves are warranted and other times they are not. Therefore, I am looking at more »
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Casinos Are Falling Off the Cliff No Matter What
By Margie Nemcick-Cruz - December 31, 2012 | Tickers: CZR, LVS, MGM, WYNN
What happens on January 1st? Aside from hangover city, $200 billion in spending cuts, and $500 billion in tax increases, about 4% of GDP if Congress and President Obama don’t reach a deal to avert the “fiscal cliff.”
Who will take the “fall” if we go over the cliff? Everyone. Make more than a million dollars, you will, according to the Washington Post, see an average tax hike more »
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Billionaire Howard Marks’ New Stock Picks
By Meena Krishnamsetty - December 5, 2012 | Tickers: APO, CZR, CIG, DLPH, UTX
Oaktree Capital Management, which was founded by Howard Marks in 1995, is an investor in both debt and equity securities. In mid-November, Oaktree filed its 13F for the third quarter of 2012, disclosing many of its long equity positions. We went through the filing and compared it to the fund’s disclosure for the second quarter to identify which stocks Oaktree had added to its portfolio during the third quarter more »
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Penn National Reinvents the Gaming Sector
By Josef Ray Dagatan - December 3, 2012 | Tickers: BYD, CZR, PENN, PNK
Right after Penn National Gaming (NASDAQ: PENN) announced their plans to break up into two public companies, creating the first casino-focused Real Estate Investment Trust (REIT), shares of said company skyrocketed, surging more than 41%. As casino businesses continue their resurgence since 2010, this bold move by Penn National will surely ensure profit for investors in the sector.
40 years after its first horse racing venue was created in 1971 more »
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Isle of Capri - Down on Its Luck?
By AnnaLisa Kraft - November 27, 2012 | Tickers: CZR, ISLE, PENN
Isle of Capri Casinos (NASDAQ: ISLE) will report 2013 Q2 earnings before the bell on Nov. 29. The Missouri based company owns and operates 15 casinos with an additional one under development in western Pennsylvania. The company’s Lady Luck and Isle branded casinos are located in Colorado, Mississippi, Louisiana, Iowa, Missouri, and Florida.
At their last earnings report in August the company disappointed with earnings down from $0.38 more »
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