Casinos & Gaming

Williams-Sonoma Inc (NYSE: WSM) reported a 62% rise in its fiscal first-quarter net income. Williams-Sonoma reported a quarterly profit at $31.6 million, or $0.29 per share, versus $19.5 million, or $0.18 per share, in the year-ago period. Its adjusted earnings came in at $0.30 per share. The...

Wynn Resorts, Limited (WYNN) is clearly the strongest stock among the casinos, but at various points the others Las Vegas Sands Corp. (LVS) and MGM Resorts International (MGM) take turns making calculated moves. MGM announced further expansion into Asia this morning, and after an initial pop the...

SMART Technologies Inc (NASDAQ: SMT) dipped 17.18% to $8.05 in the pre-market session. SMT reported downbeat Q4 profit. Melco Crown Entertainment Limited (NASDAQ: MPEL) fell 7.33% to $9.36 in the pre-market session. MPEL reported its Q1 EPS of $0.02, versus the estimates of $0.06. KLA-Tencor...

John Paulson is making an investment of $75 million in the initial public offering of MGM Resorts International's (NYSE: MGM) MGM China casino operation. The venture, which is co-owed by MGM Resorts and Hong Kong businesswoman Pansy Ho, has received just shy of $200 million from four large...

Jefferies & Co. has a Buy rating on shares of Pinnacle Entertainment, Inc (NYSE: PNK). In a note to investors, Jefferies writes, "Pinnacle Entertainment (PNK, $13.38, Buy) announced the name of the company's Baton Rouge development project as L'Auberge Casino & Hotel Baton Rouge, which the...

PokerTek (NASDAQ: PTEK) announced today that it has initiated a private placement of its common shares to accredited investors, including certain of the Company's executives and members of its Board of Directors, and has received subscription agreements totaling $648,440. Joseph Lahti, Mark...

Wynn Resorts (NASDAQ: WYNN) could see its earnings jump substantially on its Macau properties if Chairman and CEO Steve Wynn has his way. The company is expected to open a new resort in the Chinese city within the next four to five years. “I don't know what measurements you use -- revenue,...

Stantec (NYSE: STN) announced today that it has successfully issued $70 million in aggregate principal amount of 4.332% senior secured notes due May 10, 2016, and $55 million in aggregate principal amount of 4.757% senior secured notes due May 10, 2018.

The run for the roses took place last Saturday in front of a record-breaking crowd of more than 163,000 people. With a clear weather report and booked hotels for miles around, it was clear to some investors that it would be a big day for Churchill Downs (NASDAQ: CHDN). Trading before the Kentucky...

Symantec Corp (NASDAQ: SYMC) shares surged 2.94% to create a new 52-week high of $19.98. SYMC reported upbeat FQ4 earnings. Churchill Downs Incorporated (NASDAQ: CHDN) shares reached $45.08 to create a new 52-week high, before falling to $44.91, representing a 1.61% gain. CHDN narrowed its Q1 loss...

Bally Technologies, Inc. (NYSE: BYI) announced today the final results of its modified "Dutch auction" tender offer for the purchase of up to $400 million in value of its common stock, which expired at 5 p.m. New York City time on Friday, May 6, 2011. Bally has accepted for purchase 9,912,993...

Jefferies & Co. is out with a research report on the gaming market in Louisiana. Included in the report is Boyd Gaming (NYSE: BYD), which Jefferies rates at Hold. In a note to investors, Jefferies writes, "On May 10 and 11, Jefferies & Co. hosted an investor trip to Lake Charles and Baton...

BMC reduced its price target on Scientific Games (NASDAQ: SGMS) from $14 to $13. This reduction was not enough to propel BMC to downgrade Scientific Games from Buy, in spite of its failure to meet BMC's Q1 expectations. Scientific Games posted earnings per share above the Street's consensus...

Brean Murray Carret & Company has lowered the price target on Scientific Games Corporation (NASDAQ: SGMS) from $14 to $13 and maintains its Buy rating.

According to J.P. Morgan, Scientific Games Corporation (NASDAQ: SGMS) remains Neutral. J.P. Morgan said that following SGMS' 1Q11 earnings release this evening, it is modestly tweaking its 2Q11, 2011, and out-year estimates. “Our 2011 adjusted EBITDA is unchanged at $300m and adjusted EPS goes to...