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Wynn Resorts Worth Risk of Macau Restrictions, Morgan Stanley Says

Wynn Resorts Worth Risk of Macau Restrictions, Morgan Stanley Says
thestreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestreet.com Daily Mail and Mail on Sunday newspapers.

Canada legalizes single-game sports betting, opening up billion-dollar market

The federal government has made it legal to gamble on individual sporting events, bringing legitimacy to a murky industry on which Canadians already spend billions of dollars a year.

Caesars, MGM Viewed as Prime Plays on Las Vegas Strip Rebound

MGM’s Bellagio Las Vegas. JPMorgan is bullish on that stock and Caesars. (Image: New York Post) Some Wall Street analysts are increasingly bullish on the pair of gaming equities, with JPMorgan’s Joseph Greff joining that group today with positive commentary on the Bellagio and Flamingo operators. In the largest US casino center, weekend occupancy is strong and slated to remain that way through year-end a positive for operators as they wait for convention business to return. Greff sees Las Vegas leading a travel resurgence. Las Vegas will lead the group recovery, given its appeal as a blend and intersection of leisure and group [travel], the best of both worlds, in our view,” said the analyst.

MGM Resorts Rises as J P Morgan Sees Growth in Revenue, Margins

MGM Resorts Rises as J.P. Morgan Sees Growth in Revenue, Margins MGM Resorts traded higher after analysts at J.P. Morgan upgraded the casino operator to overweight from neutral and raised their price target to $47. Author: Shares of MGM Resorts  ( MGM) - Get Report traded higher Tuesday after analysts at J.P. Morgan upgraded the casino operator to overweight from neutral, saying momentum at its domestic casinos, particularly in Las Vegas,  continues to build revenues and margin improvement. Shares of the Las Vegas company at last check rose 4.1% to $40.35. J.P. Morgan also attributed the upgrade to an 11% pullback in the stock price over the past month.

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