Casinos & Gaming

Indices opened higher yesterday after a nice three-day move from $129.63 to about $133.15 yesterday, then slowly traded a bit lower for an inside day. Some leading stocks had some exhaustion gaps that normally lead to a new base, including VMWare, Inc. (VMW), Apple Inc. (AAPL), Wynn Resorts Limited...

On CNBC's Fast Money, Stephen Weiss said that he has a long position in QUALCOMM, Inc. (NASDAQ: QCOM). He is bullish on this stock. QUALCOMM, Inc. (QCOM) gained 0.56% in the regular trading session, and it dropped 2.62% in the after hours. Joe Terranova thinks that you should buy McDonald's...

Canterbury Park (NASDAQ: CPHC) announced today it will resume Card Casino, simulcast and live racing operations on Thursday, July 21 after a 20 day suspension of its operations due to a budget impasse that triggered a shutdown of state government beginning July 1. The budget stalemate ended this...

Canterbury Park (NASDAQ: CPHC) announced today it will resume Card Casino, simulcast and live racing operations on Thursday, July 21 after a 20 day suspension of its operations due to a budget impasse that triggered a shutdown of state government beginning July 1. The budget stalemate ended this...

Penn National Gaming, Inc. (Nasdaq: PENN) announced today that former Chief Counsel and Acting Executive Director of the Pennsylvania Gaming Control Board, Frank T. Donaghue, 43, has been named Vice President Regulatory Affairs and Chief Compliance Officer. The Company also announced that...

Las Vegas Sands Corp. (LVS) is a stock that we had a lot of fun with a year or so back, as it ran from $19 to almost $40. The stock peaked around $55 in early November. Since then, the stock has been basing and creating a 9 month channel. There have been lots of false micro moves along the way with...

Bally Technologies, Inc. (NYSE: BYI) today announced that it has acquired privately held MacroView Labs. MacroView Labs, based in San Francisco, Calif., is a provider of mobile applications and mobile websites to the casino industry, with a customer base of more than 20 casinos, including some of...

Morgan Stanly has issued a report previewing Penn National Gaming's (NASDAQ: PENN) 2Q results. In the report Morgan Stanley writes, "We expect recent momentum in PENN to continue as (1) same-store 2Q results come in above consensus and (2) consensus estimates rise significantly in advance of its...

Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Tuesday's trading session (listed from highest total volume to lowest): 1) Apple (NASDAQ: AAPL): Shares of Apple...

Penn National Gaming, Inc. (Nasdaq: PENN) today announced that it has called for redemption of all the $250,000,000 outstanding aggregate principal amount of its 6¾% senior subordinated notes due 2015. The redemption price is $1,022.50 per $1,000 principal amount of notes, plus accrued and unpaid...

Penn National Gaming, Inc. (Nasdaq: PENN) announced today that it secured $2.15 billion of senior secured credit facilities which include a $700 million five year revolving credit facility, a $700 million five year Term Loan A, and a $750 million seven year Term Loan B. The new senior secured...

The major stock indexes are surging higher this afternoon. The NASDAQ composite is leading the charge as the tech heavy index is trading higher by 2.17 percent. The strange thing about today is that everything is rallying higher. Bonds are soaring higher with the major stock indexes. Even the U.S....

Wynn Resorts (NASDAQ: WYNN) reported strong earnings last night after the bell and CEO Steve Wynn provided analysts and conference call listeners to one of the more entertaining rants about politics in America. Despite the blowout quarter, shares are falling around 2% today, as it appears traders...

Melco Crown Entertainment Limited (NASDAQ: MPEL) shares rose 3.47% to create a new 52-week high of $14.89. MPEL's PEG ratio is 0.92. Kona Grill Inc (NASDAQ: KONA) shares gained 3.73% to create a new 52-week high of $7.23. KONA is scheduled to report its Q2 earnings on July 26. Immersion...

According to Sterne Agee, Wynn Resorts (NASDAQ: WYNN) reported 2Q11 Macau property EBITDA of $314.3m, above the estimate of $307.7m and investor expectations for ~$310m. Sterne Agee said that Wynn Las Vegas results were impressive, especially in the nongaming categories. “Our price target goes to...