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Wynn - 4 WYNN - 2 Jim Cramer's - 2 Jim Cramer - 2 Jim - 2 Morgan Stanley - 2 — CNBC's Michael Bloom - 2 CNN — “ - 1
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China Macao Las Vegas Singapore Beijing Vegas Asia Vegas Sands
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Wynn Resorts - 5 Las - 2 Macao - 2 WYNN - 2 Vegas - 2 CNBC - 2 Wynn - 2 Las Vegas Sands - 2

Search resuls for: "Macao's"


18 mentions found


☆ What it’s really like to live in Macao
  + stars: | 2024-04-25 | by ( Lilit Marcus | ) edition.cnn.com   time to read: +9 min
Macao, the Chinese special administrative region (SAR) often twinned with Hong Kong, is known as the Las Vegas of Asia. But travelers who are willing to dig in a little deeper can explore Macanese culture, which mixes Portuguese, Chinese and Southeast Asian heritages. Macao is comprised of two islands – the north one, Macao itself, and its southern neighbor Taipa. “In Asia, [people] think that Macao is full of casinos, and I think they do not understand the other parts of Macao,” says Lai. That means that they can live in Macao without a work visa and do not need a company sponsoring them.
Persons: CNN — “, ”, Vivian Lai, Taipa, Lai, ” Marina Fernandes, Michael Maslan, “, it’s, Uber, Fernandes, Eduardo Leal, Ricardo Balocas, Balocas, Don’t Organizations: CNN, Las, Macanese Association, Bloomberg, Macao International Airport, Joseph’s University, Macao, Henley Locations: Macao, Hong Kong, Las Vegas, Asia, China, Taipa, “, ”, Europe, Portuguese, Zhuhai, Macao’s, Singapore, Jakarta, Hanoi, Bangkok, Beijing, North America, Shenzhen, Guangzhou, Bay Area, Portugal, Macao's, Lisbon, St, Philippines, ‘ Little Lisbon, it’s
☆ What Las Vegas Sands' strong earnings report tells us about Wynn Resorts
  + stars: | 2023-10-19 | by ( Paulina Likos | ) www.cnbc.com   time to read: +3 min
A rebound in spending by Chinese travelers helped Las Vegas Sands ' (LVS) deliver a strong quarter on Wednesday. It should help Club holding Wynn Resorts (WYNN), too. Wynn stock gained 2.4% to $88 apiece. WYNN YTD mountain WYNN stock year-to-date performance. "A relevant question is can the market grow to $30 billion, $35 billion, $40 billion of GGR and beyond?
Persons: Macao's EBITDA, Wynn, WYNN, Robert Goldstein, Jim Cramer's, Jim Cramer, Jim, Bob Henry Organizations: Wynn Resorts, WYNN, Vegas Sands, Vegas, Macao hasn't, Club, CNBC, Wynn, Universal, Getty Locations: Las Vegas, Vegas Sands, Singapore, Macao, Asia, Vegas, Macau, China
☆ Beware these stocks lurking in your portfolio as China economy wobbles
  + stars: | 2023-08-15 | by ( Alex Harring | ) www.cnbc.com   time to read: +3 min
Turmoil in the Chinese economy can mean bad news for a range of popular stocks. And the global superpower has flashed warning signs in recent days, signaling stocks with exposure to the country could feel pressure. In May, Morgan Stanley screened for publicly traded companies in the U.S. with the highest share of revenue connected to China. Other stocks to watch To be sure, exposure to China extends beyond the semi landscape. Battery manufacturer Microvast was the most exposed with 80% of revenue coming from China, Morgan Stanley's analysis found.
Persons: Morgan Stanley, Baird, Microvast, Morgan, Wynn, — CNBC's Michael Bloom Organizations: Reuters, Nvidia, UBS, Marvell Technology, Silicon Laboratories, Devices, Qualcomm, Wynn Resorts, Vegas, Street, Las Vegas Sands, Western Locations: China, Beijing, U.S, Refinitiv, Wells Fargo, Vegas, Las Vegas, Corning
☆ The casino market isn't going to be what it was before the Covid pandemic, says Jefferies
  + stars: | 2023-07-20 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe casino market isn't going to be what it was before the Covid pandemic, says JefferiesDavid Katz, equity analyst at Jefferies, says the casino market's recovery is "well underway," but Macao's Sands China will continue to position itself for the "new normal."
Persons: Jefferies David Katz Organizations: Jefferies Locations: China
☆ Morgan Stanley names this casino stock a top pick, calls it the best way to play Macao's reopening
  + stars: | 2023-07-14 | by ( Alex Harring | ) www.cnbc.com   time to read: +2 min
Las Vegas Sands is a premier way to play Macao's reopening, according to Morgan Stanley. Analyst Stephen Grambling named the stock a top gaming pick. "We see it being the best way to play Macau and one of the final consumer recovery stories coming out of Covid," he said in a note to clients Friday. He described Las Vegas Sands as "the best way to play the mass market." LVS YTD mountain Las Vegas Sands, year to date — CNBC's Michael Bloom contributed to this report.
Persons: Morgan Stanley, Stephen Grambling, Grambling, Michael Bloom Organizations: Macau, Gross, Grambling Locations: Macao, Vegas, Singapore, New York, Grambling, Vegas Sands
☆ Jefferies says these casino stocks have less upside as they better reflect Macao's recovery
  + stars: | 2023-06-08 | by ( Alex Harring | ) www.cnbc.com   time to read: +2 min
Two resort-and-gambling stocks are less attractive now that the market has better priced in a popular gambling destination's recovery, according to Jefferies. Analyst David Katz downgraded Las Vegas Sands and Wynn Resorts to hold from buy. Katz shaved Las Vegas Sands' price target by $4 to $65, still representing an 11.1% upside from where the stock closed Wednesday. For 2024, he said to expect EBITDA margin growth of 29% for Las Vegas Sands and 52% for Wynn. Outside of Macao, Katz said Las Vegas business should continue to help Wynn, while Singapore is a strong performing area for Las Vegas Sands.
Persons: David Katz, Katz, Wynn, — CNBC's Michael Bloom Organizations: Jefferies, Sands, Wynn Resorts, Las Vegas Sands, Wynn, Las Locations: Macao, Macau, Las Vegas, Singapore, Las
☆ Stocks making the biggest premarket moves: GameStop, Wynn Resorts, Lucid, Adobe & more
  + stars: | 2023-06-08 | by ( Michelle Fox | ) www.cnbc.com   time to read: +2 min
Check out the companies making the biggest moves in premarket trading:GameStop — Shares plummeted nearly 21% in premarket trading. Wynn Resorts , Las Vegas Sands — The casino operators both shed about 2% following a downgrade by Jeffries to hold from buy. Signet Jewelers — Shares tumbled nearly 11% after the jeweler provided second-quarter revenue and operating-income guidance that fell short of expectations. T-Mobile — Shares of the wireless provider added about 1% in premarket trading after Wolfe Research upgraded T-Mobile to outperform from peer perform. HashiCorp - The stock sank more than 22%, a day after the company reported a first-quarter earnings miss and revenue beat.
Persons: Matthew Furlong, Ryan Cohen, Jeffries, Zhu Jiang, Wolfe, HashiCorp, Jesse Pound, Sarah Min, Brian Evans Organizations: GameStop, Wynn Resorts, Sands, Signet, Reuters, Mobile, Wolfe Research, Adobe, Adobe Express Locations: New York, Las, China
☆ We're adding to our position in this casino operator on a pullback
  + stars: | 2023-06-01 | by ( Jeff Marks Jim Cramer | Jeff Marks | Jim Cramer | ) www.cnbc.com   time to read: +3 min
We are buying 100 shares of Wynn Resorts (WYNN) at roughly $96.89 apiece. Before the Covid pandemic, the company generated about 75% of its earnings before interest, taxes, depreciation, and amortization (EBITDA) from its Macao properties. And since the Macao properties' cost structure was reduced to minimize losses during the lockdowns, the operating leverage as revenues recover has been both notable and underappreciated by the market. Despite recent weakness due to fresh Covid concerns, the May CGR numbers numbers for Macao indicate that there has not been any material slowdown in gaming. Wynn stock is still up nearly 17% year-to-date, and we believe China's long-term economic recovery is on track.
Persons: Jim Cramer's, GGR, Covid, Wynn, WYNN, Jim Cramer, Jim Organizations: Wynn Resorts, WYNN, Macao, Boston, CNBC Locations: China, Macao, U.S, Las Vegas, Boston, Beijing
☆ Wynn Resorts delivers the quarter we've been waiting for, bolstered by China
  + stars: | 2023-05-09 | by ( Jeff Marks | ) www.cnbc.com   time to read: +7 min
Wynn Resorts (WYNN) delivered a much better-than-expected first quarter Wednesday, with the casino. It appears the miss could be attributed to individual wealthy gamblers frequenting Wynn Palace at the expense of Wynn Macao, which historically is more exposed to groups and tours. Las Vegas Wynn Las Vegas continues to post big results, generating an all-time record adjusted EBITDAR of $231.6 million. There may be a lot of talk out there about a pullback in consumer spending, but it isn't showing up at Wynn Las Vegas. On a hold normalized basis, Wynn Las Vegas' EBITDAR margins expanded 300 basis points year-over-year and 1,400 basis points from the first quarter of 2019.
☆ What it’s like to be a theme park designer
  + stars: | 2023-04-21 | by ( Kate Springer | ) edition.cnn.com   time to read: +10 min
“Back then, it definitely wasn’t cool to be into theme parks, but I was obsessed,” Jeffs, 39, tells CNN. Jeffs points to the immersive “Pacific Rim: Shatterdome Strike” ride at Trans Studio Cibubur, part of Indonesia’s largest theme park chain, as an example. “When I was growing up, theme park design was often dismissed as a rinky-dink, second-class artistic discipline simply because it was rarely well done. “That first summer, we drove 10,000 miles and hit up virtually any theme park that had managed to re-open,” he says. Courtesy Taylor JeffsAnd though he’s ridden over 600 roller coasters and explored theme parks worldwide, Disneyland in California remains his all-time favorite park.
☆ Club meeting recap: Oil jumps, while China's economic reopening gains steam
  + stars: | 2023-04-03 | by ( Paulina Likos | ) www.cnbc.com   time to read: +2 min
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Stocks fall, as oil soars Stocks started the second quarter of the year largely under pressure Monday morning. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
☆ All-weather stocks that can outperform in any economic 'landing,' according to Evercore ISI
  + stars: | 2023-03-06 | by ( Michelle Fox | ) www.cnbc.com   time to read: +4 min
As investors weigh the possibility of a U.S. recession or a soft landing, there are certain stocks that should outperform in either scenario, according to Evercore ISI. However, Evercore ISI is among those on Wall Street that have a base-case scenario of a recession in the second half of the year. The other is what he calls " valmentum stocks " — value stocks with momentum — that have high free-cash-flow yield and strong earnings-per-share momentum, he added. Booking Holdings is one of Evercore ISI's valmentum stocks and could rally about 15% from Friday's close, according to the firm's price target of $3,000. Wynn is up more than 40% year to date, while Las Vegas Sands stock has gained more than 26%.
☆ Wells Fargo issues some top tactical investing ideas for the first quarter
  + stars: | 2023-01-04 | by ( Alex Harring | ) www.cnbc.com   time to read: +2 min
As the first quarter of 2023 kicks off, Wells Fargo has its eye on what it calls stocks that offer tactical trading opportunities. Wells Fargo analyst Daniel Politzer upgraded Wynn to overweight from equal weight on Monday . Merck also made the Wells Fargo list, with the firm setting a price target of $125. And Wells Fargo has a $50 price target for Dynatrace , which implies 30% over Tuesday's close. Wells Fargo believes the software company has the "only enterprise-grade cloud platform capable of supporting modern workloads in a hybrid environment."
☆ Macao's gaming industry will see a strong level of pent-up demand coming through, Fitch Ratings says
  + stars: | 2022-12-19 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMacao's gaming industry will see a strong level of pent-up demand coming through, Fitch Ratings saysColin Mansfield of the credit ratings agency says, however, that in light of the uncertain situation in China, demand may not be as strong as it was in Las Vegas and Singapore when Covid restrictions were lifted, until "maybe for another quarter or two."
☆ Concession awards mark a reset for Macao casinos
  + stars: | 2022-12-18 | by ( Contessa Brewer | ) www.cnbc.com   time to read: +4 min
With mandatory quarantines lifted, ferry and airline service resuming, and licenses renewed, casinos hope 2023 marks a new beginning for the world's preeminent gambling destination, Macao. The Macao government awarded six companies new 10-year concessions to operate their integrated casino resorts. This month, Macao has seen an increase in tourism from mainland China from visitors trying to get an mRNA Covid vaccine. A rise in Covid infections around China caused November gaming revenue in Macao to fall 23% from October and plummet 99% from November 2019 pre-pandemic levels, according to government data. Fitch estimates Singapore will achieve 80% of its pre-pandemic gaming revenue in 2022, and 95% in 2023.
☆ Chinese stocks rally on reopening hopes; Morgan Stanley upgrades to overweight
  + stars: | 2022-12-05 | by ( Jihye Lee | ) www.cnbc.com   time to read: +2 min
The Hang Seng TECH Index, which represents the 30 largest technology companies listed in Hong Kong, surged 8% in Asia's trade. Electronic vehicle-maker Xpeng gained 24%, leading gains for the broader index, Li Auto jumped 12% and Nio climbed more than 15%. The Hang Seng index rose 4% while China's CSI 300 index, which tracks the largest largest mainland-listed stocks, rose almost 2%. Hong Kong-listed casino operators also saw significant gains, with MGM China rising 19%, Wynn Macau climbing 16% and Sands China adding 13%. Morgan Stanley upgrades to overweight
☆ Macao's latest Covid lockdown is one step forward, two steps back, analyst says
  + stars: | 2022-11-01 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's one step forward, two steps back for Macao: ConsultancyBen Lee of IGamiX discusses Macao's recent move to reimpose Covid-19 curbs, and discusses Genting's business prospects in Macao.
☆ China residents will be able to travel to Macao using e-visa starting Nov. 1
  + stars: | 2022-10-31 | by ( ) www.cnbc.com   time to read: +1 min
This photograph taken on October 20, 2022 shows a view of the Cotai Strip in Macau. China's immigration bureau said mainland residents will be able to travel to Macao from Nov. 1 using an online visa system rather than in-person applications, a move that could increase travel to the world's largest gambling hub. In-person applications have been required for the past two and a half years due to Covid-19 restrictions. Authorities locked down the MGM Cotai casino resort owned by MGM China on Sunday with staff and guests ordered to stay inside until Nov 1. All of Macao's 700,000 residents are mandated to take rapid antigen tests daily during the period, the government said.
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