What We're Reading

lvs (3)

Admin

High Speed Rail On Its Way To Las Vegas

Great news for LVS, MGM, WYNN, FLL, CZR and BYD.  High speed rail is on the way.  Imagine the increase in revenues long term as patrons will be able to get there, in the blink of an eye.

China Railway International USA CO., LTD. and XpressWest have agreed…

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Admin

Christmas Came Early For These Sub Sectors

Who doesn't love the lame duck session?  It's that special time of year when Santa comes early to Wall Street and you too, can benefit.  As one example, outgoing Congressmen and woman who lost during mid terms, tend to throw in the towel (they won't be around next session anyway) and all types of goodies get through the Congressional pipeline which were stalled during the normal session.  This years winners if you're an investor are:

  • Banks and insurers.  Congress repealed a portion of Dodd-Frank so that derivatives will now be covered once again by FDIC Insurance, thus lowering the risk to banks and insurers like AIG.*
  • Health insurance companies get to keep their special tax breaks.
  • Tourist destinations like Las Vegas get their travel promotion subsidies.*
  • In a victory for food companies, the…

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Admin

Macau Could See Further Slowing

Meanwhile MGM and other casino names are showing signs of head-and-shoulders tops.  Full disclosure I am long LVS as a long standing drawer pick and short MGM here. (click chart to enlarge)

Macau is the growth engine for the global casino industry, and revenue growth for casinos there seems to be slowing, Wells Fargo said in a report.

That could affect sales and earnings for world's largest casino company, Las Vegas Sands (LVS), and rivals Wynn Resorts (…

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