US Casino Stock Prices Jump After Macau Announcement

Vegas Sign And Macau State Seal Background

The past couple of years have been extremely difficult for the casinos operating in Macau. The companies that own these venues have struggled, as well. Various US casino stock prices jumped this week after an important announcement from officials within Macau.

US casino companies have been waiting on information about how to renew their gaming licenses in Asia’s largest gambling hub. Now is a great time to talk about what is happening in this territory.

Here’s what you need to know.

What Has Led to the Surge in US Casino Stock Prices?

The United States is home to many of the most powerful casino companies in the world. These companies are constantly working to expand and many of them own major resorts in Macau. This Chinese territory has been a massively profitable gaming hub for decades, yet has struggled tremendously since early 2020.

Mainland China has cracked down on this city in recent years. The government has targeted junket operators and has gone back-and-forth on intense travel restrictions here. To make things worse, many of the US casino companies here are seeing their gaming licenses expiring soon and it was unclear how exactly these licenses would be renewed.

News broke last week that Macau was allowing these licenses to be awarded again; this time for a 10-year period. Clearing up this regulatory process immediately led to a surge in several US casino stock prices. Las Vegas Sands, MGM Resorts International, and Wynn Resorts all experienced a jump in their share prices. Officials within Wynn Resorts released a statement on this situation to the media this week.

“Following a period of careful consideration that included feedback from the concessionaires and the public, Macao’s Executive Council provided new details on the proposed revisions to the gaming law. The overall tone and details provided by the authorities are very encouraging,” Wynn Resorts’ statement said.

Things are still far from ideal in Macau. Experts are now discussing what needs to happen for the casino companies here to find success again.

Macau’s Casino Industry May Continue to Struggle in 2022

The global pandemic affected every major gambling hub around the world. Certain areas found their casinos more badly affected than others. Macau was once the world’s most profitable gambling destination, yet has experienced a major fall from grace since January of 2020.

Analysts remain divided as to how this city will fare in 2022. Some anticipate a major surge in tourism and revenue for the city. With the license situation now figured out, US casinos can begin to invest more in their Macau properties.

Others expect the casinos in this territory to struggle throughout the year. Mainland China does not seem interested in lessening its grip on this territory. On the contrary, China’s government appears determined to crack down on Macau’s gambling industry and may continue to implement intense travel restrictions to and from the city.

A jump in US casino stock prices may indicate otherwise. Many of the most powerful US gambling companies remain optimistic about the future of Macau. These company’s shareholders seem to feel the same way.

The next twelve months will be crucial for the future of Macau’s gambling industry. We’ll be sure to offer revenue updates here as the year goes on.

The US Casino Industry Continues to Thrive

It’s unclear when or if Macau will ever regain its status as one of the world’s most profitable gambling destinations. Over in the US, however, casinos continue to find success. 2022 seems likely to be another hugely successful year for the country’s gaming industry.

Major casino hubs such as Las Vegas and Atlantic City have experienced a massive surge in tourism over the past year. All signs point to even more tourism appearing in these cities this year. That would indicate another record-breaking revenue year for their casinos.

Smaller gambling hubs such as Massachusetts and Pennsylvania are earning a huge amount of casino revenue, too. Many states are working hard to expand their number of licensed casinos. 2022 may even be the year that Illinois’ Chicago casino finally goes under construction.

The country’s sports betting industry is thriving right now, too. Many states are expected to formally begin regulating sports gambling in 2022. The massive amount of tax revenue being earned from this industry can no longer be ignored.

Are you surprised to see US casino stock prices begin to surge? How will the gaming companies in Macau fare this year? Let us know in the comments section below.

LV Casino Companies are Seeing Stock Increases Again

Las Vegas Strip

The city of Las Vegas is still in recovery mode. There are some signs that things will begin improving here in a big way soon. As a result, many LV casino companies are beginning to see an increase in their stock prices.

It’s great news for these companies. For almost a year, the casinos in Las Vegas have been struggling to bring in revenue. Now is a great time to talk about why exactly casino stock prices have been increasing lately.

Let’s get into it!

Gaming Revenue in Las Vegas Finally Increases in January

The gambling industry in Las Vegas is the biggest in the world. Unfortunately, it has been under extreme stress since the mass casino shutdowns in March of 2020. There are some signs that things are improving, though.

Not long ago, many of the casino-resorts in the city began resuming 24-hour operations. That includes several of MGM Resorts’ biggest properties. Many took that as a signal that these casinos are expecting a new surge of tourism.

January proved to be a fairly successful month for Las Vegas. The casinos on the Las Vegas Strip earned an astounding $320 million throughout the month. That represents a significant increase from December.

Things aren’t completely back to normal, though. The revenue earned in January is still down almost 44% when compared to January of 2020. It’s no surprise, as that was still before the state ordered all casinos to shut their doors.

When considering that casinos are still operating at just 25%, these revenue figures are impressive. Many believe that the upward trend will continue throughout 2021. It’s fantastic news for the huge number of casino companies here.

It seems that these revenue increases are affecting stock prices, too. Several major companies saw their share prices jump this week.

LV Casino Companies Experience Another Jump in Stock Prices

Prior to March of 2020, the US casino industry was surging. Casinos in Las Vegas were seeing major increases in tourism and gaming revenue. The city was set to welcome several exciting new casino-resorts, too.

After Governor Sisolak ordered casinos to shut down in March, this city’s tourism and gaming industry almost completely shut down. Very few individuals were making the trip to Vegas through mid-2020. Fortunately, things are beginning to improve.

Casino companies are seeing the optimism reflected in their share prices. Many of these companies now have stock prices not seen since January of 2020. Infection numbers are declining and more people are visiting Las Vegas. That gives many analysts hope that the city can begin to truly recover as the year continues.

Craig Johnson, a chief market technician for a major investment bank, gave his take on this situation to the media this week.

“I would just put it all under one word: hope,” he said. “The market is a forward-looking mechanism looking forward to six to nine months ahead of time. And I think (these companies’) stock is a bit of a leading indicator and certainly reflective of more needles going in arms. As soon as things really start to open up again, I think Vegas is going to be a clear destination where people are going to want to go first. (The) pick up in stock price is really just reflective of the hope of things reopening and people going on vacation, having an experience in Las Vegas.”

Many different industries are seeing an increase in stock prices. Airlines, for example, are also seeing a jump in their stock prices right now. This all comes from a growing hope that travel will begin increasing soon.

It seems as if Las Vegas is on the brink of a major comeback. If things continue the way they currently are, regulations could be lifted in Las Vegas and a surge of new tourists could be seen. We’ll be sure to report on this situation over the next few months!

The Opening of Resorts World Las Vegas is Almost Here

Las Vegas is home to most of the world’s best casino-resorts. Most of them are located on the Las Vegas Strip. It’s here that massive properties such as The Cosmopolitan, The Venetian, and Caesars Palace are located.

This summer, Resorts World Las Vegas will finally open its doors in the northern area of the Strip. This is the most expensive casino-resorts ever built in this city. Many analysts believe this will end up being the best new gaming venue in the city.

The owners of this property recently announced they needed to fill thousands of jobs. It didn’t take long for this news to reach residents in Las Vegas. Reports claim that tens of thousands of applications flooded in for jobs inside the new casino-resort.

More details about this property are coming out. News recently broke that Resorts World has just signed a deal with Fred Segal to unveil a new retail space inside this new property. This shopping area is expected to rival the Forum Shops at Caesars Palace.

Hopefully, Resorts World will help to boost tourism in Las Vegas even more. This is one of the first new casino-resorts opened on the Strip in years.

Are you surprised to hear that LV casino companies are seeing their stock prices increase? Let us know in the comments section below!

Casino Stock Prices Are Starting to Jump: Here’s Why

The world’s casino industry is slowly beginning to get back on track. As you might expect, investors are starting to take notice. This week, casino stock prices began to surge and many are wondering why.Paper On Stocks And Shares

There’s one key reason for this jump. Fortunately, there’s still time for investors to profit. Let’s take a look at what’s going on here.

How is the US Casino Industry Faring Right Now?

The months between March and June were likely the worst in the history of the US casino industry. It was the first time that all of the country’s casinos were forced to completely shut down. Obviously, casino companies around the country earned almost no revenue during this time.

As time went on, state officials realized something needed to change. Many parts of the country rely on their gambling industries to bring in tourists. That’s especially true in Nevada, the largest gambling destination in the world.

Governor Steve Sisolak gave Nevada’s casinos the green light to begin operating again on June 4th. Today, nearly all of the casinos on the Las Vegas Strip are now operating again. Tourism rates are still down here, though. This probably won’t change until the casinos are able to operate without major restrictions set in place.

New Jersey took a little longer to get back on track. Governor Murphy announced that casinos in Atlantic City would open back up over the Fourth of July weekend. Opening day was a success, yet it will be a long time before gaming revenue gets back to the level it was last year.

Casino companies have begun operating again, but things are far from ideal. Many of these companies are now looking at their overseas properties as primary money-makers. To the surprise of many, casino stock prices began to surge this week.

Here’s Why Casino Stock Prices Jumped This Week

Many investors were excited to see the US casino industry get back on track. Unfortunately, rates of Covid-19 have continued to climb in the United States and many casinos may be forced to close down again soon. Perhaps that’s why so many were surprised to see the share prices for many casino companies go up recently.

There’s a key reason why this is.

The Chinese government has just announced that it plans to loosen travel restrictions on visitors from Macau. Previously, China has made it very difficult for mainlanders to make the trip to Macau and come back. This is huge news for the territory of Macau which, like Las Vegas, relies almost entirely on tourism and gambling revenue.

As many already know, many of the top US casino companies have casinos in Macau. Restrictions are significantly looser in this city. Now that travel restrictions are loosening up, revenue here is likely to increase significantly.

Casino companies are profiting off this news. This week, Wynn Resorts, Las Vegas Sands, and MGM Resorts International all saw their share prices increase. It’s great news for all three of these companies, each of which has property in Macau.

If tourism rates begin to truly surge, we may see casino stock prices rise even more. Investors are certainly taking a good look at this situation. Stay tuned for updates over the next few months!

Eldorado-Caesars Merger is Nearly Complete!

As we’ve already mentioned, this has been an extremely tough past few months for casino companies in the US. While everything has been going on, Eldorado Resorts and Caesars Entertainment have been working to complete their merger. In case you’re unaware, Eldorado paid an astounding $17.3 to acquire Caesars in June of last year.

This is the largest merger ever made between two casino companies. Before it can be complete, though, both companies need approval from various groups. That includes state gambling commissions around the country. They also needed the green light from the FTC.

It appears this deal is finally about to wrap up. Eldorado and Caesars have received approval from many different gambling commissions already. Recently, the FTC approved the merger. These companies are now meeting with members of the last state gambling commissions to receive final approval.

The Indiana Gaming Commission is requiring that Ceasars sell three of its properties before the deal can be complete. Under normal circumstances, that wouldn’t be too difficult for the company. Some feel it could take time to find a buyer for these venues right now, though.

Casino stock prices are always going up and down. We’re likely to see this trend continue over the next few months. Hopefully, the US casino market improves and casino companies here are able to earn enough revenue to function normally.

Do you plan on investing in any US casino companies? Tell us which ones in the comments section below!

Coronavirus in Clark County is Already Raising Concern

Covid-19, the coronavirus you’ve been hearing about in the news, may have finally hit Nevada. New reports indicate that a man tested positive near Las Vegas. Obviously, the coronavirus in Clark County is causing major concerns for people and businesses here.Nevada Sign On Highway

The coronavirus has now been confirmed in 17 states around the country. Infections in Las Vegas would raise concerns due to the huge number of tourists that visit this city. Today, we’re going to look at the impact this coronavirus is already having on Nevada.

Let’s get into it!

New Cases of Coronavirus in the US Are Recorded

It’s no surprise to see the coronavirus continue to spread around the country. It’s now spread to a huge number of nations across nearly every continent. Iran, South Korea, and Italy are working hard to contain their rising infection rates yet these efforts don’t appear to be working.

The virus has already spread to 17 US states, as well. Washington remains the worst-hit state. Hundreds of people have been confirmed infected here and more than 10 have been killed by the virus. Oregon recently recorded a case inside one of the state’s casinos.

California is also being affected. Many new cases are popping up here every single day. This is also the first state outside of Washington to record a death from the coronavirus. Many analysts predict that the real number of people infected in the US is far higher than what’s being recorded.

There have been real fears of this virus spread into Las Vegas. It’s one of the most-visited cities in the country and packs a huge number of people into very small areas like casinos. A major outbreak here could result in significant spreading around the country.

Unfortunately, it appears this scenario may soon become a reality. One man in Clark County appears to have tested positive for Covin-19. Here’s what we know about the situation.

The Coronavirus in Clark County is Now a Reality

Health officials in Nevada have been testing hundreds of individuals they fear could be infected with the coronavirus. According to new reports, one man in Clark County has just tested presumptively positive for the virus. This man said to be in his 50s, is now in isolation within a Nevada hospital.

Steven Horsford, a Nevada state representative, spoke with the Nevada Independent about this new case.

“Obviously we want to understand who else may have been exposed, any medical professionals, any other family members,” he said. “Anyone else that may have been under care at the VA, so we’ll continue to follow that throughout the day.”

The man was said to have recently traveled to Washington, where he likely got exposed to Covid-19. Unfortunately, he also visited Texas, which just recently recorded its first case of the virus. Officials are now attempting to locate those who may have been in contact with him.

It’s troubling news for several reasons. Las Vegas is an easy place for a respiratory virus to spread. As of now, it’s important to note that he’s only “presumptively positive,” meaning the results have yet to be formally confirmed by different labs.

The coronavirus is already having an effect on Las Vegas businesses. The gambling industry, in particular, is taking a hit.

Las Vegas Casino Companies Experience Stock Price Drop

The city of Las Vegas relies heavily on its gambling industry. It’s the gambling hub of the United States and is home to many of the biggest casino-resorts of the world. If the coronavirus begins to spread here, there’s fear that visitation to the city will drop dramatically and the casinos will start losing serious revenue.

If that happens, things could go bad quickly. Due to new reports of the coronavirus in Clark County, several major Las Vegas casino companies saw their stock prices fall dramatically.

This morning, Red Rock shares fell by 11.3% to $17.03. MGM Resorts International saw its stock prices drop by 8.7% to $21.28. Las Vegas Sands’ fell by 2.8% to $55.64 and Caesars Entertainment saw its stock prices fall by 3.9% to $11.48.

Many have been speculating how this coronavirus could affect Las Vegas. In recent months, this city has experienced significant revenue increases. If this virus spreads, that trend may change.

As of now, only one case has been recorded in Nevada. It’s reasonable to assume there are probably more that simply haven’t been found. How this will affect the city is not yet known.

It’s an unusual time for the US casino industry. Stay tuned for more Las Vegas casino news over the next few months!

Las Vegas Sands Stock Prices Are Fluctuating Right Now

Today, Las Vegas Sands is one of the biggest and most profitable casino companies in the world. It operates major casino-resorts around the world and continues to expand into new territories. In recent weeks, Las Vegas Sands stock prices have begun to fluctuate.Las Vegas Sands Logo

There are several reasons why this is. Today, we’re going to discuss the company’s current share prices and look at how they might change over the next few months.

Let’s get into it!

2019 Was an Interesting Year for Las Vegas Sands

Few major casino operators are as well-known as Las Vegas Sands. The company was founded back in 1988 by Sheldon Adelson, who has remained CEO ever since. Over the past few decades, this company built massive casino-resorts all over the US and abroad.

2019 proved to be a very interesting year for LVS. Gambling revenue rose and fell. In the year’s second quarter, revenue appeared to be soaring. In the third quarter, revenue earnings came in slightly lower than expected.

LVS ended the year strong financially, yet the company was forced to deal with several nagging issues. This includes a lawsuit against the aforementioned Sheldon Adelson. One of Las Vegas’ local newspapers filed a lawsuit against the CEO for attempting to monopolize the city’s news industry.

Las Vegas Sands continued to invest heavily in its overseas companies last year. This is especially true in Macau. More than $2 billion is being spent on upgrades to the properties here including the Venetian Macau, and Sands Macau.

Some felt this was a risky move. Macau’s gambling revenue has been declining due to the drop in China’s economy. Recently, Las Vegas Sands stock prices have been fluctuating and analysts are beginning to pinpoint why.

Las Vegas Sands Stock Prices Dropped This Week

Officials within LVS have been celebrating for the past few months. Since November, the company’s share prices have risen by an incredible 15%. Most of this is due to the Chinese government’s plan to diversify Macau into a major financial hub.

That’s not the only major accomplishment for the Las Vegas-based casino operator. Just last week, LVS earned a spot on the “world’s most admired companies” list for its efforts to fight against climate change. It seemed like everything was going right thus far into 2020.

This week, however, Las Vegas Sands stock prices have taken a slight hit. This is largely due to fears of the coronavirus affecting the company’s operations in Macau.

For weeks, China has been working to contain a deadly new virus known as 2019-nCoV. It originated in Wuhan and quickly spread throughout the country. There have even been recorded cases in Thailand, Japan, and the United States.

The concerns over this virus have taken a toll on LVS’ share prices. On Tuesday, the company’s stock fell 4.3% to $70.85.

This isn’t the only company that’s taken a hit due to the coronavirus.

Wynn Resorts also experienced a drop in its stock prices. Until the outbreak is contained, this trend is likely to continue.

Las Vegas Sands Continues to Push for Tokyo Casino

Las Vegas Sands, like almost all other major US casino companies, has been pushing hard to break into the newly-emerging Japanese casino market. Over the next few years, three companies will be handed out a license to operate casino-resorts in this country.

Based on several reports, Japan will grow to have one of the largest casino markets in the world. Each of these casino-resorts here will cost billions of dollars to construct.

For a time, officials within Las Vegas Sands announced they were interested in opening one of these venues in the city of Osaka. That is no longer the case. The company now claims that it is focused on opening an integrated resort in Tokyo. Many analysts believe that LVS will be one of the three companies the Japanese government chooses to grant a gaming license to.

Las Vegas Sands stock prices have temporarily dropped. Hopefully, this won’t last long. We’ll need to wait and see exactly how the virus in China affects Macau’s economy.

Stay tuned for more Las Vegas Sands news over the next few months!