Casinos & Gaming

According to Jefferies, WMS Industries (NYSE: WMS) price target is reduced to $35. Jefferies reported that the rating is also downgraded to Hold from Buy. “While we believe that the company's reduction in outlook in part reflects the broader market dynamic facing the slot suppliers in general, we...

Jefferies & Company has downgraded WMS Industries (NYSE: WMS) from Buy to Hold and has lowered the price target from $54 to $36.

US stock futures are lower this morning, as Alcoa Inc (NYSE: AA) reported disappointing Q1 sales. Japanese government raised its status of the ongoing crisis at the Fukushima Daiichi nuclear power plant to 7. Futures on the Dow Jones Industrial Average dipped 49 points to 12,272.00 and futures on...

Isle of Capri Casinos, Inc. (NASDAQ: ISLE) announced today that, concluding a previously announced executive transition process, Virginia McDowell will become chief executive officer of the Company effective April 25, 2011. McDowell, the Company's current president and chief operating officer,...

WMS Industries Guides Q3 Reveune to $191-193M vs. $212.2M Est.; Sees Q3 EPS of $0.40-0.42 vs. $0.51 Est. (NYSE: WMS)

WMS Industries Inc. (NYSE: WMS) today reported preliminary results for the fiscal third quarter ended March 31, 2011. Based upon preliminary financial data, WMS expects total revenue to be approximately $191-to-$193 million, which is below the Company's third quarter revenue guidance range of $...

 ( click to enlarge )  Las Vegas Sands Corp. (NYSE:LVS) - The technical chart has strong short-term resistance at $45 and the stochastic indicator has made a negative cross over to the downside. Trading volume also declined this week, it can mean that there is a higher risk of price trend...

Shares of Bally Technologies (NYSE: BYI) are higher on the session by 1.80%, trading at $38.36. Overall put volume is now running at 11.27x the daily average, with 20% of all puts traded being purchases on the offer. 1,003 contracts have traded on the session so far. Bally Technologies, Inc. is...

Sterne Agee has issued a report lowering the EPS estimates on Bally Technologies (NYSE: BYI). Sterne Agee writes, “Last night, BYI lowered FY11 EPS guidance to $1.82 to $1.95 from $2.00 to $2.15 due to lower than expected systems revenue and game sale margins. It no longer expects to reach the...

Credit Suisse Downgrades BYI To Neutral, $40 PT Credit Suisse has issued a report downgrading Bally Technologies (NYSE: BYI) from Outperform to Neutral and lowered the Price Target from $47 to $40 a share. According to Credi Suisse, “While we dislike downgrading after the fact, following another...

Yesterday, Bally Technologies, Inc. (NYSE: BYI) lowered its FY11 guidance range to $1.77-$1.90 (excl. $0.05 tax benefit), “below our $2.01 estimate, consensus of $2.00, and the prior range of $1.95-$2.10 (excl. $0.05 tax benefit),” Goldman Sachs reports. “The revision is due to lowered systems...

Jefferies has issued a report raising the Price Target on Bally Technologies (NYSE: BYI) from $50 to $52 a share. According to Jefferies, “The trimmed outlook is not a surprise, in our view, given the persistence of the weak demand environment. Nonetheless, the recapitalization is a statement by...

Credit Suisse cuts Bally Technologies (NYSE: BYI) to Neutral from Outperform.

Bally Technologies' Offer For Common Stock At $34.50-$40/Share; Authorizes $550M Share Buyback Program (NYSE: BYI)

Bally Technologies, Inc. (NYSE: BYI) announced today that it has obtained commitments for $700 million of new senior secured credit facilities comprised of a $400-million, five-year revolving credit facility and a $300-million, five-year term loan. During the third quarter, Bally repurchased...