Resorts and Casinos Announce Expansions, Earnings Results, New Leaders, and Upcoming Earnings Release - Analyst Notes on Wynn Resorts, Las Vegas Sands, MGM Resorts, Melco Crown and Royal Caribbean
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, May 7, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Wynn Resorts Ltd. (NASDAQ: WYNN), Las Vegas Sands Corp. (NYSE: LVS), MGM Resorts International (NYSE: MGM), Melco Crown Entertainment Ltd. (NASDAQ: MPEL) and Royal Caribbean Cruises Ltd. (NYSE: RCL). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2127-100free.
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Wynn Resorts Ltd. Analyst Notes
On May 1, 2014, Wynn Resorts Ltd. (Wynn Resorts) reported its financial results for Q1 2014. Net revenue increased 9.8% YoY to $1.5 billion. According to the Company, the growth was led by a 14.2% YoY increase in revenue from its Macau operations, which was modestly offset by a 1.5% YoY drop in net revenues from the Company's Las Vegas operations. Net income was $226.9 million or $2.22 per diluted share, compared to $203.0 million or $2.00 per diluted share in Q1 2013. The Company on the same day also announced that it has approved a $1.25 per common share cash dividend for the quarter. According to Wynn Resorts, the dividend is payable on May 29, 2014 to shareholders of record as of May 15, 2014. The full analyst notes on Wynn Resorts are available to download free of charge at:
http://www.analystsreview.com/2127-WYNN-07May2014.pdf
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Las Vegas Sands Corp. Analyst Notes
On May 2, 2014, Las Vegas Sands Corp. (Las Vegas Sands) announced that it has no plans of selling its market-leading property in Pennsylvania and is currently working on a variety of concepts in which the Company would further invest in the property. Las Vegas Sands also announced it has appointed Mark Juliano, an executive with extensive East Coast ties and industry experience, as its new President. The Company informed that Juliano comes from Marina Bay Sands, the Company's integrated resort in Singapore, where he served as Senior Vice President and Chief Casino Officer. The full analyst notes on Las Vegas Sands are available to download free of charge at:
http://www.analystsreview.com/2127-LVS-07May2014.pdf
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MGM Resorts International Analyst Notes
On May 1, 2014, MGM Resorts International's (MGM Resorts) announced that Las Vegas Arena Company which is owned by AEG and MGM Resorts, broke ground on a world-class, privately funded, $375 million indoor arena set to open in spring 2016. According to the Company, the new 20,000-seat arena which is located west of the Las Vegas Strip, between New York-New York and Monte Carlo resorts, will host boxing, UFC and other sporting events, major headline entertainment, awards shows and special events. Commission Chair Steve Sisolak said, "This arena should symbolize for everybody watching that Las Vegas will continue to emerge from the recession a stronger, smarter, healthier and more vibrant destination for international tourism. Projects such as this create much-needed jobs and are true economic drivers." The full analyst notes on MGM Resorts are available to download free of charge at:
http://www.analystsreview.com/2127-MGM-07May2014.pdf
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Melco Crown Entertainment Ltd. Analyst Notes
On April 24, 2014, Melco Crown Entertainment Ltd. (Melco Crown) announced that it will file its unaudited financial results for Q1 2014 on Form 6-K with the US Securities and Exchange Commission (SEC) on May 8, 2014. The Company informed that it will conduct a conference call on the same day at 8:30 a.m. ET (8:30 p.m. Hong Kong Time). Melco Crown stated that audio webcast of the call will be available on its website. The full analyst notes on Melco Crown are available to download free of charge at:
http://www.analystsreview.com/2127-MPEL-07May2014.pdf
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Royal Caribbean Cruises Ltd. Analyst Notes
On April 24, 2014, Royal Caribbean Cruises Ltd. (Royal Caribbean) reported its financial results for Q1 2014. Total revenue decreased 1.3% YoY to $1.9 billion. Net income came in at $26.5 million or $0.12 per diluted share, compared to $76.2 million or $0.35 per diluted share in Q1 2013. Adjusted Net Income was $46.1 million, or $0.21 per diluted share, versus $78.2 million, or $0.35 per diluted share, in Q1 2013. Net Cruise Costs (NCC) excluding fuel increased by 1.0% while net yields declined by 2.7%. "It is gratifying to see 2014 developing methodically along such a positive trajectory," said Richard D. Fain, Chairman and CEO. "Our business strategy is proving itself nicely while strength in our global markets is more than compensating for a highly promotional Caribbean." For full year 2014, the Company expects adjusted EPS be in the range of $3.25 to $3.45 per share. The full analyst notes on Royal Caribbean are available to download free of charge at:
http://www.analystsreview.com/2127-RCL-07May2014.pdf
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