|Bid||11.00 x 1000|
|Ask||11.50 x 3000|
|Day's range||11.30 - 11.55|
|52-week range||10.48 - 14.50|
|PE ratio (TTM)||48.30|
|Earnings date||1 Aug 2018 - 6 Aug 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||15.92|
LAS VEGAS (AP) — Housekeepers, bartenders and other unionized workers at Las Vegas casino-resorts operated by Caesars Entertainment approved a new five-year contract, ending the possibility of a strike at those properties.
LAS VEGAS (AP) — The Latest on the ratification of a contract covering unionized workers of Caesars Entertainment in Las Vegas (all times local):
More than 21 million people have visited Las Vegas in the first half of 2015, about 1.5 percent more than a year ago when the destination recorded more than 40 million travelers for the first time according to tourism officials. Caesars Entertainment Corp. is on a quest to cut its CO2 emissions and one that it hopes will set an example for multinational corporations. In doing so, it has committed itself to “science-based targets” that align with the Paris climate agreement.
A sports betting bill that's expected to get final approval on Thursday could help keep four Atlantic City casinos in the game. It would benefit the Borgata and three casinos owned by Caesars Entertainment. The bill would ban casinos or executives who own professional sports teams from offering sports betting, theoretically counting out Borgata owner MGM because it also owns the WNBA's Las Vegas Aces.
The possibility of 50,000 Las Vegas casino workers going on strike is drawing near with their existing contracts close to expiring and the prospects of new ones uncertain. No date for a strike has been set, but workers have begun signing up for strike pay and picketing shifts. The bartenders, housekeepers, bellmen and other unionized workers of 34 casino-hotels on the Strip and downtown Las Vegas have been negotiating new five-year contracts since February.
It took $225 million to crack into Institutional Investor's 2018 list of 25 highest paid hedge fund managers, and only four topped $1 billion.
While the NBA and MLB are in lockstep on their response to the Supreme Court sports betting ruling, and are seeking "integrity fees," the NFL is taking a different approach.
Jim Cramer shares his rapid-fire take on callers' favorite stocks, including a streaming company he thought would be more threatened by Amazon.
Bookmaker Paddy Power Betfair looks to build the largest U.S. online sports betting business with its acquisition of fantasy sports site FanDuel.
Las Vegas casino owners expressed confidence they can reach a deal with union employees, who are threatening the first strike there since 1984. Members of Unite Here’s culinary and bartenders unions are seeking new agreements on wages and issues such as workplace safety, subcontracting and new technology, according to a statement. “A strike is a last resort,” Geoconda Argüello-Kline, secretary-treasurer of the union, said in the statement.
Las Vegas' (LVS) solid business model, extensive non-gaming revenue opportunities, high quality assets and attractive property locations are likely to drive performance in the near term.
The nine justices recently ruled the decades-long federal ban on sports betting violates the constitution. The Supreme Court said that in the absence of specific regulations enacted by Congress, states can allow sports betting. With more than 30 states about to enact regulations that would allow sports betting within their borders, sports betting is an industry on the rise.
For investors wondering if the U.S. Supreme Court’s favorable ruling for the sports betting industry is a positive for casino operators, the answer is “absolutely yes,” Stifel Nicolaus analysts said, but hold your horses: It’s “absolutely not” a game changer. The VanEck Vectors Gaming exchange-traded fund(BJK)ran up 2.2% on Monday, while the S&P 500 index(^GSPC)ticked up just 0.1%, after the Supreme Court ruled that the Professional and Amateur Sports Protection Act doesn’t make sports gambling a federal crime, a decision that could open up sports betting around the country.
The scope for the casino operators will intensify if the betting gets legalized in other states as the illegal betting in the United States is valued at billions of dollars annually.
A Supreme Court ruling Monday stuck down a law banning sports betting in most of the country. But casino giants likely won't be the big winners.
A big bet has paid off for New Jersey. The Supreme Court, in a 6-to-3 vote, sided with the state and effectively legalized sports betting throughout the U.S. Our colleagues at The Wall Street Journal noted that New Jersey had faced off against the National Collegiate Athletic Association, along with Major League Baseball, the National Hockey League, the National Football League and the National Basketball Association, all of whom sued to stop the state in its quest.
The US Supreme Court strikes down PASPA, the law banning sports betting—here's what the decision means for pro sports leagues, fantasy sports, and casinos.
The Supreme Court decision to allow states to legalize sports betting is great news for investors in the gambling industry, billionaire investor Mark Cuban told CNBC on Monday.
Shares of U.S. gaming companies jumped Monday after a Supreme Court decision opened the door for states to allow sports betting. The VanEck Vectors Gaming exchange traded fund was up 1.9% on Monday, topping the S&P 500's 0.3% rise. The Supreme Court decision invalidates a federal law that prohibits sports betting in most of the U.S. The court sided with a challenge brought by the state of New Jersey, which has waged a six-year battle to allow sports betting within its borders.