International Business News - Wynn 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 Wynn Resorts Ltd. fell Thursday as an analyst cut the casino operator's price target partly on volatility in the Las Vegas and Macau gaming markets. http://www.ibtimes.com/articles/20081204/wynn-resorts-falls-as-analysts-cuts-price-target.htm Thu, 04 Dec 2008 14:23:14 EST The American Gaming Association spent $400,000 in the third quarter to lobby on legislation to regulate Internet gambling and other matters, according to a disclosure report. http://www.ibtimes.com/articles/20081203/gaming-assn-reports-spending-400k-to-lobby-in-3q.htm Wed, 03 Dec 2008 17:17:46 EST Among the stock activity stories for Wednesday, Dec. 3, from AP Financial News: NEW YORK (AP)--Shares of the Bank of New York Mellon rose Wednesday, maintaining gains even as the broader market turned negative, following an upgrade from Ladenburg Thalmann's Richard Bove to "Buy." http://www.ibtimes.com/articles/20081203/movers-roundup-bank-of-new-york-xenoport.htm Wed, 03 Dec 2008 15:25:14 EST Shares of Wynn Resorts Ltd. sagged Wednesday as a Citi Investment Research analyst initiated the casino operator with a "Sell" rating, citing potential pitfalls in both the Las Vegas and Macau gaming markets. http://www.ibtimes.com/articles/20081203/analyst-starts-wynn-resorts-with-sell-rating.htm Wed, 03 Dec 2008 12:41:18 EST The baccarat tables at the Venetian's Red Dragon section still teem each night with hundreds of the Chinese players who've fueled Macau's breathtaking shot to the top of the gambling world. http://www.ibtimes.com/data/articleimgs/178699-macau-fading-boom.jpg http://www.ibtimes.com/articles/20081120/macaus-hot-streak-shows-signs-of-cooling.htm http://www.ibtimes.com/articles/20081120/macaus-hot-streak-shows-signs-of-cooling.htm Thu, 20 Nov 2008 13:22:15 EST Casino mogul Steve Wynn said Wednesday he couldn't tell when Macau's slowdown might let up, but expressed confidence in its long-term fortunes and backed government measures to curb travel to the Chinese gambling city. http://www.ibtimes.com/articles/20081119/wynn-backs-governments-travel-curbs-in-macau.htm Wed, 19 Nov 2008 05:25:48 EST The NFL has always had a strained relationship with this gambling city, though the case could be made that if it weren't for Vegas point spreads the league would have never become the giant it is today. http://www.ibtimes.com/articles/20081118/nfl-gives-gift-to-its-worst-enemies-_-the-bookies.htm Tue, 18 Nov 2008 10:32:25 EST The Pittsburgh Steelers walked off the field Sunday just happy they had won. A lot of bettors in this gambling city were more concerned by how many points they ended up winning by. http://www.ibtimes.com/articles/20081117/mistake-in-steelers-game-costs-some-bettors-big.htm Mon, 17 Nov 2008 15:30:32 EST Casino company Wynn Resorts Ltd., which is run by billionaire Steve Wynn, said late Thursday it has boosted the size of its public stock offering to 8 million shares and priced the offering at $43.50. http://www.ibtimes.com/articles/20081114/wynn-resorts-boosts-public-offering-to-8m-shares.htm Fri, 14 Nov 2008 07:39:20 EST Wynn Resorts Ltd., the upscale casino company run by billionaire Steve Wynn, said Thursday it would issue 5 million new common shares to meet the expected demand for its shares when it joins the S&P 500 index this week. http://www.ibtimes.com/articles/20081113/wynn-resorts-to-issue-5-million-new-common-shares.htm Thu, 13 Nov 2008 18:20:31 EST Voters in Washoe and Clark counties have approved advisory questions to increase motel and hotel room taxes to help fund public education. Now, the proposal worked out between a teachers union and some Las Vegas Strip resorts will go to the 2009 Legislature for approval. http://www.ibtimes.com/articles/20081105/nev-washoe-clark-voters-ok-higher-room-taxes.htm Wed, 05 Nov 2008 11:59:08 EST Among the sector activity stories for Friday, Oct. 31, from AP Financial News: NEW YORK (AP)--Casino operators' stocks climbed Friday as credit and liquidity concerns eased and investors reacted to Wynn Resorts Ltd.'s upbeat third-quarter earnings results. http://www.ibtimes.com/articles/20081031/sector-roundup-casinos-airlines.htm Fri, 31 Oct 2008 18:36:24 EDT Casino operators' stocks climbed Friday as credit and liquidity concerns eased and investors reacted to Wynn Resorts Ltd.'s upbeat third-quarter earnings results. http://www.ibtimes.com/articles/20081031/sector-snap-casinos-up-as-liquidity-concerns-ease.htm Fri, 31 Oct 2008 15:49:42 EDT Casino company Wynn Resorts Ltd. on Thursday reported third quarter income up 14 percent, based on strong earnings in Macau, in China, but the company isn't planning new projects or acquisitions. http://www.ibtimes.com/articles/20081030/wynn-resorts-3q-profit-rises-14-percent.htm Thu, 30 Oct 2008 18:35:27 EDT Casino stocks surged Wednesday as heavyweight MGM Mirage reported funding commitments for its CityCenter project and investors jumped back into the sector as the Federal Reserve cut a key interest rate by half a percentage point. http://www.ibtimes.com/articles/20081029/sector-snap-casinos-jump-as-mgm-announces-funding.htm Wed, 29 Oct 2008 15:22:05 EDT Major business events and economic events scheduled for Thursday: WASHINGTON--Labor Department releases weekly jobless claims, 8:30 a.m. http://www.ibtimes.com/articles/20081029/calendar-of-major-business-events-thursday.htm Wed, 29 Oct 2008 13:06:46 EDT Wynn Resorts has started to accept room reservations for its $2.3 billion Encore resort on the Las Vegas Strip. The 2,034-room hotel expected to open Dec. 22 is next to the Wynn Las Vegas. The hotel began accepting reservations Monday for Jan. 12, 2009, and beyond. http://www.ibtimes.com/articles/20081028/wynn-accepting-reservations-for-encore-in-vegas.htm Tue, 28 Oct 2008 11:24:23 EDT Major Nevada casinos and a teachers union delivered more than 130,000 signatures in support of a plan to raise hundreds of millions of dollars for public schools through a hotel room tax increase in the Reno and Las Vegas areas. http://www.ibtimes.com/articles/20081028/nev-casinos-teachers-team-up-for-school-funding.htm Tue, 28 Oct 2008 10:40:14 EDT Shares of casino operators tumbled Friday morning as Wall Street and other world markets slid on mounting recession fears. The Dow Jones industrials dropped more than 400 points in early trading, as the growing belief that the world will suffer a punishing economic recession had investors furiously dumping stocks. http://www.ibtimes.com/articles/20081024/casino-operators-slide-on-jittery-world-markets.htm Fri, 24 Oct 2008 10:34:08 EDT Shares of some casino operators slid to new lows Thursday as the sector swooned from investor anxiety about the softening economy and an analyst said MGM Mirage's heavy Las Vegas concentration leaves it vulnerable. http://www.ibtimes.com/articles/20081023/sector-snap-casino-stocks-fall-on-economic-fears.htm Thu, 23 Oct 2008 15:34:25 EDT