Casinos & Gaming

At 10:04 am, the Dow fell 0.72% to 12,479.88, the broader Standard & Poor's 500 index moved down 0.74% to 1,335.26 and the NASDAQ composite index dropped 0.48% to 2,821.58. The industries that are still afloat in the market today are: Processing Systems & Products: This industry jumped 1....

Penn National Gaming (Nasdaq: PENN) announced today that following its October 2010 purchase of all of the outstanding debt of M Resort for $230.5 million and the receipt of requisite regulatory approvals, it has acquired the business in exchange for the debt. Penn National purchased the M Resort...

This week in gaming, the Macau DICJ should report total casino revenues for the month of May, Jefferies reports. “We view this prospective incremental information as a critical indicator for the stocks of Macau casino operators, particularly for Las Vegas Sands Corp. (NYSE: LVS), MGM Resorts...

Jefferies reports that it is maintaining its balanced stance on Las Vegas Sands Corp. (NYSE: LVS) shares “due to the prospective complications that could result from the operator's ongoing regulatory investigations, however we believe that the company has undertaken some key strategic initiatives,...

MGM Resorts International (NYSE: MGM) announced the pricing of its subsidiary, MGM China Holdings, at HK$15.34 for its Hong Kong IPO, “which should generate $1.5 billion in cash for Pansy Ho,” Jefferies reports. “The price was at the top of the expected range and the subsidiary's shares are...

Robbins Geller Rudman & Dowd LLP today announced that a class action has been commenced in the United States District Court for the Northern District of Illinois on behalf of purchasers of WMS Industries Inc. (NYSE: WMS) common stock during the period between November 1, 2010 and April 11, 2011...

On CNBC's Mad Money, Jim Cramer said during the Lightning Round that VirnetX (AMEX: VHC) has been a “great performing stock. It's too hot for me. I say cha-ching." For Agnico-Eagle Mines (NYSE: AEM), Jim said, "I like their CEO, but if you want to own a gold stock, you want Goldcorp (GG). I think...

Jim Cramer said on CNBC's Mad Money Lightning Round OT that you shouldn't buy Dean Foods Company (NYSE: DF), because it had a huge run recently. Dean Foods Company (DF) gained 0.22%, and it closed at $13.51. Ariad Pharmaceuticals, Inc. (NASDAQ: ARIA) is a good speculative stock, and Cramer wants...

Empire Resorts, Inc. (NASDAQ: NYNY) reported the completion of its previously announced rights offering, which expired on Friday, May 20, 2011. The Company sold 19,886,776 shares of its common stock, representing 50.2% of the shares offered in the rights offering, at the $0.8837 per share offering...

Cusick's Corner Risk off trade continued into the After Hours and there was no real pressure on the shorts. Finance, XLF, is not a sector where we want to see any weakness if this market is going to get some potential legs to the upside. Bonds, TLT, may be on the move higher today, but I will be...

As the Spanish government looks to cut down on its debt, the country is going to privatize the national lottery, Sociedad Estatal de Loterias y Apuestas del Estado SA, writes the Wall Street Journal. The offering would be Spain's largest IPO ever, and one of the biggest on the continent in the...

Shares of International Game Technology (NYSE: IGT) are lower on the session by 0.62%, currently trading at $17.71. The stock has been moving largely higher over the past six weeks and is currently trading above the 200-day moving average. Options traders are buying calls on the name today. A...

Nevada Gold & Casinos, Inc. (NYSE: UWN) announced today that it has signed an agreement to purchase the Red Dragon mini-casino in Mountlake Terrace, Washington for $1.25 million. The transaction will be financed by cash on hand, stock and seller paper. Upon closing of this transaction Nevada...

Goldman Sachs is out with its report today on Scientific Games (NASDAQ: SGMS), raising its PT from $9 to $10. In a note to clients, Goldman Sachs writes, "We are updating our estimates for Scientific Games after its 1Q results. Our estimates are going slightly higher mostly due to higher...

Goldman Sachs has raised the price target on Scientific Games Corporation (NASDAQ: SGMS) From $9 to $10 and maintains its Neutral rating.