NEW YORK, December 21, 2016 /PRNewswire/ --
The Resorts and Casinos industry is composed of lodging and recreational establishments that provide both facilities on the same premises. The Resort segment of the industry typically offers guests a broad spectrum of amenities and various services, while the Casino segment is located on the premises of a resort, and may offer sports betting, table wagering games, and slot machines, amongst others. Today, Stock-Callers.com takes note of the following equities: MGM Resorts International (NYSE: MGM), Carnival Corp. (NYSE: CCL), Las Vegas Sands Corp. (NYSE: LVS), and Wynn Resorts Ltd (NASDAQ: WYNN). Learn more about these stocks by accessing their free research reports at:
On Tuesday, shares in Las Vegas, Nevada-based MGM Resorts International recorded a trading volume of 4.38 million shares. The stock ended the day at $28.63, climbing 0.14% from the last trading session. The Company's shares have advanced 0.70% in the last one month, 14.15% in the previous three months, and 26.01% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 3.63% and 17.44%, respectively. Furthermore, shares of MGM Resorts International, which through its wholly owned subsidiaries, owns and/or operates casino resorts in the US and China, have a Relative Strength Index (RSI) of 50.78.
On December 16th, 2016, research firm Goldman initiated a 'Buy' rating on the Company's stock.
On December 18th, 2016, MGM Resorts announced the milestone grand opening of its newest live entertainment venue on the Las Vegas Strip - Park Theater at Monte Carlo Resort and Casino. The premiere of Park Theater serves as the first step in the reimagination of Monte Carlo. The transformation, taking place over the next two years, will include two distinct hotel experiences - a Las Vegas version of Sydell Group's famed NoMad Hotel and the launch of a new luxury hotel named Park MGM. Free research report on MGM is available at:
Miami, Florida headquartered Carnival Corp.'s stock rose 2.28%, finishing yesterday's session at $52.49. A total volume of 6.36 million shares was traded, which was above their three months average volume of 4.16 million shares. The Company's shares have gained 2.62% in the last month and 15.34% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 5.84% and 10.01%, respectively. Additionally, shares of Carnival, which operates as a leisure travel and cruise company in North America, Europe, Australia, and Asia, have an RSI of 56.94.
On December 19th, 2016, research firm Berenberg downgraded the Company's stock rating from 'Buy' to 'Hold'.
On December 20th, 2016, Carnival announced GAAP net income for Q4 FY16 of $609 million, or $0.83 diluted EPS, compared to $270 million, or $0.35 diluted EPS, for Q4 FY15. In Q4 FY16, the Company's gross revenue yields (revenue per available lower berth day or "ALBD") increased 1.6% on a y-o-y basis. Gross cruise costs including fuel per ALBD increased 0.2% on a y-o-y basis. The complimentary research report on CCL can be downloaded at:
Las Vegas Sands
Shares in Nevada-based Las Vegas Sands Corp. ended Tuesday's session 0.80% lower at $54.26. The stock recorded a trading volume of 6.46 million shares, which was above its three months average volume of 4.56 million shares. The Company's shares have gained 29.01% since the start of this year. The stock is trading 5.65% above its 200-day moving average. Moreover, shares of Las Vegas Sands, which together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the US, have an RSI of 36.83.
On November 14th, 2016, Sands Bethlehem, a leading regional casino and entertainment destination located in Bethlehem, PA, and owned and operated by Las Vegas Sands, announced plans for a $90 million casino expansion. With construction expected to begin in Q1 2017, the expansion is estimated to add a new gaming floor and more than 1,000 new gaming seats. The footprint expansion is approximately 59,200 square feet and a total gross floor area expansion of almost 100,000 square feet. Visit us today and access our complete research report on LVS at:
At the close, Las Vegas, Nevada-based Wynn Resorts Ltd's stock dropped 2.01%, finishing at $88.31. A total volume of 4.09 million shares was traded, which was higher than their three months average volume of 3.20 million shares. The Company's shares have advanced 30.57% on an YTD basis. The stock is trading 5.85% below its 50-day moving average. Additionally, shares of Wynn Resorts, which together with its subsidiaries, develops, owns, and operates destination casino resorts, have an RSI of 38.72.
On December 14th, 2016, Wynn Las Vegas and Amazon announced plans to equip all 4,748 hotel rooms at Wynn Las Vegas with Echo, Amazon's hands-free voice-controlled speaker. Get free access to your research report on WYNN at:
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SOURCE Chelmsford Park SA