International Business News - LVS http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Shares of casino operators fell Tuesday as a Deutsche Bank North America analyst reduced several price targets partly on limited Las Vegas spending and Macau visa restrictions. http://www.ibtimes.com/articles/20081007/sector-snap-casino-stocks-dip-as-spending-wanes.htm Tue, 07 Oct 2008 11:53:35 EDT Shares of casino operators tumbled Monday--several to new multiyear lows--as jittery investors watched Wall Street and global markets slide on fears the financial crisis is spreading. http://www.ibtimes.com/articles/20081006/some-casino-operators-hit-new-lows-as-markets-fall.htm Mon, 06 Oct 2008 13:25:41 EDT Shares of casino operators traded mostly lower Friday even as Congress passed a $700 billion financial bailout package. The 263-171 vote by the House sends the Senate-passed version to the White House for President Bush's signature. Among many features, the measure would allow the Treasury Department to buy up bad debt from various lending institutions. http://www.ibtimes.com/articles/20081003/casinos-dip-as-congress-passes-bailout-package.htm Fri, 03 Oct 2008 13:41:04 EDT Shares of Las Vegas Sands Corp. slid to a 52-week low Friday as an analyst slashed its price target, saying Sheldon Adelson's recent capital investment doesn't erase ongoing concerns about funding and the Las Vegas and Macau markets. http://www.ibtimes.com/articles/20081003/las-vegas-sands-slips-as-analyst-cuts-price-target.htm Fri, 03 Oct 2008 20:44:27 EDT Among the stock activity stories for Thursday, Oct. 2, from AP Financial News: PHILADELPHIA (AP)--Shares of Las Vegas Sands Corp. fell Thursday after an analyst downgraded the stock due to concerns about slowing growth in Las Vegas and new visa restrictions in Macau, a Chinese gambling enclave where the company has properties. http://www.ibtimes.com/articles/20081002/movers-roundup-las-vegas-sands-google.htm Thu, 02 Oct 2008 18:37:35 EDT A report that China is imposing new visa restrictions for visitors to Macau is taking a toll on U.S. gaming stocks with properties in Asia's Las Vegas. http://www.ibtimes.com/articles/20081002/visa-limits-in-chinese-macau-hit-gambling-stocks.htm Thu, 02 Oct 2008 16:03:04 EDT Shares of Las Vegas Sands Corp. fell Thursday after an analyst downgraded the stock due to concerns about slowing growth in Las Vegas and new visa restrictions in Macau, a Chinese gambling enclave where the company has properties. http://www.ibtimes.com/articles/20081002/las-vegas-sands-sinks-on-analyst-downgrade.htm Thu, 02 Oct 2008 19:24:30 EDT Standard & Poor's Ratings Services is keeping Las Vegas Sands Corp.'s ratings under review for potential downgrade in spite of a $475 million cash infusion into the hotel and casino operator. http://www.ibtimes.com/articles/20081001/s-p-keeps-las-vegas-sands-ratings-under-review.htm Wed, 01 Oct 2008 16:05:55 EDT In an environment where credit is tough to come by, even billionaires have to reach into their own pockets to help their companies. So it was with Sheldon Adelson, the self-made billionaire who is the chief executive and principal shareholder of Las Vegas Sands Corp. A cab driver's son who built his fortune on a computer show and then gambling, Adelson took $475 million from his own coffers to buy his company's convertible debt to avoid violating lenders' covenants in the third quarter. http://www.ibtimes.com/articles/20081001/sheldon-adelson-invests-475m-in-las-vegas-sands.htm Wed, 01 Oct 2008 16:16:00 EDT Shares of casino operators mostly fell during the quarter as consumers increasingly tightened their spending in light of worsening economic and credit conditions. http://www.ibtimes.com/articles/20080930/casino-operators-mostly-slip-during-3rd-quarter.htm Tue, 30 Sep 2008 13:30:17 EDT Shares of casino operators slid Monday along with the broader markets as the House rejected the government's $700 billion financial bailout package. In late afternoon trading the Dow Jones industrials plunged as much as 705 points as investors worried the financial system would keep sinking under the weight of failed mortgage debt. http://www.ibtimes.com/articles/20080929/casino-operators-fall-as-house-rejects-bailout.htm Mon, 29 Sep 2008 14:52:22 EDT Casino operators' shares skidded Monday as investors questioned whether growing capital and liquidity concerns would hinder their financials and stifle their growth plans. http://www.ibtimes.com/articles/20080922/casino-shares-fall-on-capital-liquidity-worries.htm Mon, 22 Sep 2008 17:12:37 EDT Standard & Poor's Ratings Services on Friday lowered its corporate credit and issue-level ratings on the casino and resort operator Las Vegas Sands Corp., citing concerns over the company's liquidity position. http://www.ibtimes.com/articles/20080919/s-p-cuts-las-vegas-sands-credit-rating.htm Fri, 19 Sep 2008 16:50:46 EDT A partnership involving Kansas Speedway won a contract Friday to build and manage a state-owned resort casino that will overlook the track. The Lottery Gaming Facility Review Board picked Kansas Entertainment, formed by the speedway and The Cordish Co., of Baltimore, over two competitors to build a casino in the Kansas City area. The decision ties a high-profile attraction in the state's biggest tourist-drawing area to what officials believe will be Kansas' most lucrative casinos. http://www.ibtimes.com/articles/20080919/kan-board-picks-speedway-to-manage-kc-area-casino.htm Fri, 19 Sep 2008 15:53:02 EDT Shares of casino operators rose along with the broader markets Friday as uneasy investors re-entered the fray after the government said it had a plan to rescue banks from bad debt and the Treasury Department said it will provide guarantees for U.S. money market mutual funds. http://www.ibtimes.com/articles/20080919/casino-operators-rise-as-market-tensions-ease.htm Fri, 19 Sep 2008 10:41:27 EDT The market instability of the past week means that casino projects in need of big money may increasingly be delayed or even shelved. Signs of distress have been emerging all summer, even as earnings remained strong across the industry. http://www.ibtimes.com/articles/20080918/casino-cos-face-uncertainty-as-credit-tightens.htm Thu, 18 Sep 2008 16:30:02 EDT Shares of gaming companies traded mostly lower Thursday as a Deutsche Bank North America analyst said some companies in the sector have limited exposure to Lehman Brothers and American International Group Inc. http://www.ibtimes.com/articles/20080918/sector-snap-gaming-cos-exposed-to-aig-lehman.htm Thu, 18 Sep 2008 13:43:20 EDT Shares of casino operators with Macau properties slid Wednesday on lackluster September revenue results. Macau gaming revenue appears to have come in flat at 3.6 billion patacas (US$456 million) for the first half of September, according to Lusa News Agency. The results are very different from the 44 percent increase in August and the 42 percent July rise. http://www.ibtimes.com/articles/20080917/macau-gaming-companies-fall-on-september-results.htm Wed, 17 Sep 2008 14:13:03 EDT It didn't take long for one of the worst Wall Street meltdowns in history to hit the casino industry. Already stalled in its plan for a $2 billion mega-casino in Atlantic City, Las Vegas-based Pinnacle Entertainment said Tuesday it was ending its bid to run a Kansas casino, citing "the current turmoil in the financial markets." http://www.ibtimes.com/articles/20080916/pinnacle-drops-out-of-race-to-build-kansas-casino.htm Tue, 16 Sep 2008 18:07:18 EDT Shares of casino operators traded mixed after the Federal Reserve left a key interest rate unchanged despite market turmoil. The central bank said Tuesday it was keeping its target for the federal funds rate--the interest that banks charge on overnight loans--at 2 percent. http://www.ibtimes.com/articles/20080916/casino-operators-mixed-as-key-rate-unchanged.htm Tue, 16 Sep 2008 14:20:44 EDT