An analyst from BMO Capital Markets downgraded Las Vegas Sands Corp., citing the high price of the shares. Analyst Jeffrey Logsdon reduced his rating on the casino company's stock to "Market Perform," or "Neutral," from "Outperform," or "Buy," because it surpassed his target price of $143 per share.
Billionaire casino developer Steve Wynn criticized former Chinese leader Mao Zedong on Monday, telling more than a thousand investment advisers at a conference that the communist revolutionary's "imbecilic" Cultural Revolution "almost ruined" the country.
Las Vegas Sands Corp. Announces Date for Third Quarter Earnings Conference Call (PR Newswire)
Las Vegas Sands Corp. announced today that it will release the company's financial results for the quarter ended September 30, 2007, after the close of trading on the New York Stock Exchange on Thursday, November 1, 2007.
MGM Mirage Inc., the world's second-largest casino company, on Tuesday reported third-quarter profit that fell below analysts' expectations but said it was planting "seeds" for future projects that would pay off.
Station Casinos, Inc. Announces Its Third Quarter Fiscal 2007 Earnings Release Date (Business Wire)
LAS VEGAS----Station Casinos, Inc. will announce its third quarter results via press release on Thursday, November 8, 2007 at 7:00 AM . There will not be a conference call related to the press release.
MGM MIRAGE Reports Record Third Quarter Results (PR Newswire)
MGM MIRAGE today reported record third quarter 2007 financial results, achieving diluted earnings per share from continuing operations of $0.62, a 17% increase over the $0.53 per share earned in 2006.
Wynn Resorts Ltd., the casino company run by billionaire Steve Wynn, reported third-quarter net profit Tuesday that narrowly beat Wall Street expectations, but its stock fell after a recent run-up.
Wynn boosted by Macau opening, brisk play in Vegas (at MarketWatch)
A full quarter of operations at its Macau property, along with string results in Vegas, boosted Wynn Resorts' third-quarter bottom line with the casino operator turning to a hefty adjusted profit.
Harrah's Entertainment Inc., a casino company, declared a regular quarterly dividend of 40 cents. The company said Monday it will pay the dividend on Nov. 21 to shareholders of record Nov. 8.
Shares of casino operators traded mostly lower Tuesday even as MGM Mirage's third-quarter profit climbed in part on higher sales from its restaurants and other businesses outside gaming.
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