LAS VEGAS----Wynn Resorts, Limited announced today that Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp. , each a direct or indirect wholly owned subsidiary of Wynn Resorts, Limited, priced a private offering of $400,000,000 aggregate principal amount of their 6â
% First Mortgage Notes due 2014 at a price of 97.25% of the principal amount.
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NEW YORK----Melco PBL Entertainment Limited a developer and owner of casino gaming and entertainment resort facilities focused exclusively on the Macau market, today announced that it has priced its follow-on public offering at US$15.50 per ADS following market close on Wednesday, October 31.
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Shares of Boyd Gaming Corp. surged Wednesday as investors cheered the casino operator's third-quarter earnings report. The company posted a profit of $31.8 million, or 36 cents per share, compared with a loss of $12.9 million, or 15 cents per share, in the year-ago quarter.
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Las Vegas Sands Corp., the casino company run by billionaire Sheldon Adelson, said Thursday it swung to a $48.5 million loss in the third-quarter, driven by high costs to open its megaresort in Macau and an unlucky run in its casinos.
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Shares of Las Vegas Sands Corp. tumbled by more than 16% in after-hours action Thursday after the resort operator reported earnings and revenue that fell well short of forecasts due to higher opening expenses on new properties.
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Casino operators look to be a safe bet these days as continued strength in Macau lifts the sector. The Dow Jones U.S. gambling index climbed 25.9 percent during the last three months and is up 45.6 percent over the past year.
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LAS VEGAS----Empire Resorts, Inc. today announced that yesterday, October 31, 2007, the St. Regis Mohawk Tribe filed a lawsuit in the U.S. District Court of Washington, DC against Secretary of the Interior Dirk Kempthorne.
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Gaming company Melco PBL Entertainment Ltd. plans a public offering of 37.5 million American Depositary Shares, according to a Securities and Exchange Commission filing Thursday.
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I love to watch people when I go to the casino. Sometimes the things you see people do while playing slot machines are quite entertaining however there are other times...
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Shares of Wynn Resorts Ltd. declined Wednesday as some analysts said the casino operator's third-quarter property level results were likely below investor expectations.
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