Casinos & Gaming

Cusick's Corner The month of June is behind us and the market is on a very positive course. I do have some skepticism about the market's move over the last four days because it's been based on the light volume. I will be watching the volume next week and to see if there isn't a pullback where...

Cusick's Corner Buyers prevail. The sideline money is flowing into the market and it did it early on the heels of inline data this morning. The market is trending nicely, above the 50-Day Moving Average, taking back most of the pullback from the April highs, and this latest move is happening in...

Here are today's mid-day options volume leaders… 1. Apple Inc. (NASDAQ: AAPL) 101,320 contracts, 48.0% calls, 52.0% puts 2. Las Vegas Sands (NYSE: LVS) 75,991 contracts, 86.0% calls, 14.0% puts 3. Eastman Kodak (NYSE: EK) 67,748 contracts, 61.4% calls, 38.6% puts 4. General Electric (NYSE: GE) 56,...

Effective at midnight on June 30, 2011, Canterbury Park Holding Corporation (NASDAQ: CPHC) suspended all of its gaming operations. This action was taken due to the fact that Minnesota's Governor and Legislature failed to reach an agreement on the State's budget for the biennium beginning July 1,...

Melco Crown Entertainment (Nasdaq: MPEL) today announced that on June 30, 2011, its subsidiary, Melco Crown Gaming Limited, completed the refinancing of its existing credit facilities primarily connected to the City of Dreams and Altira projects. The refinancing credit facilities are for...

Goldman Sachs has a Buy rating on shares of Penn National's (NASDAQ: PENN). In a note to clients, Goldman Sachs writes, "The Maine Senate voted against legislation proposing the expansion of gambling in the state. Now that the bills have been defeated by the Senate, the issue will now be...

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 Thursday's trading session: 1) Walter Investment Company (NYSE: WAC): Shares of Walter Investment hit a 52-week...

Brean Murray is raising its price target on shares of Bally Technologies (NYSE: BYI) to $51 from $48, and it has a Buy rating on shares. Shares of BYI gained 35 cents yesterday to close at $40.68, a gain of nearly 1%.

Canterbury Park Holding Corporation (NASDAQ: CPHC) reported that it could be forced to suspend all or substantially all of its operations on July 1, 2011 due to a budget impasse between Minnesota's Governor and Legislature. As Canterbury reported, without agreement before July 1 between Minnesota's...

BMC reiterated its Buy rating on Bally Technologies (NYSE: BYI). At the same time, BMC raised its price target on the company's stock from $48 to $51. On Wednesday, Bally added 0.32% to its value to finish the day at $40.33.

Brean Murray Carret & Company has raised the price target on Bally Technologies (NYSE: BYI) from $48 to $51 and maintains its Buy rating.

It's hot. Your air conditioner (if you're lucky enough to have one) has been blasting away for weeks. You're starting to count the swimming pool as your daily bath. Your nightly iced tea has slowly morphed into a mojito or six. And yes, the kids are driving you up the wall. Welcome to summer...and...

Bally Technologies, Inc. (NYSE: BYI), a leader in slots, video machines, casino-management, and networked and server-based systems for the global gaming industry, today announced an enterprise-wide contract with Sun International Limited to provide key systems and server-based solutions at 17...

Bally Technologies, Inc. (NYSE: BYI) today announced an enterprise-wide contract with Sun International Limited to provide key systems and server-based solutions at 17 casinos worldwide.

Bank of America Merrill Lynch is out with a research report on the gaming situation in Las Vegas. It believes that Wynn Group (NASDAQ: WYNN) is likely to benefit. It has a $160 price target on shares of Wynn. In a note to clients, Bank of America Merrill Lynch writes, "By operator, WYNN is...