Las Vegas Sands Corporation (LVS) is planning for a Hong Kong initial public offering (IPO) for its Macau assets next month. The company intends to raise up to $2.5 billion through the IPO. The offering is intended to complete in about four weeks after receiving regulatory approval for offering and listing. In September, Las Vegas announced the infusion of up to $600 million of capital through the sale of exchangeable bonds to strengthen up its balance sheet. The bonds will be compulsorily exchanged into common stock of its Macau unit after the unit's pending IPO on the Hong Kong Stock Exchange. Rival company Wynn Resorts (WYNN) held its IPO for its Macau assets earlier in October. Wynn Macau has experienced a strong debut in the Hong Kong stock exchange. Wynn sold 1.25 billion shares or a 25% stake in its Macau business, which represented Hong ...

For Immediate Release

Chicago, IL – October 14, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Las Vegas Sands (LVS), Wynn Resorts Ltd. (WYNN), MGM Mirage (MGM), Advance Auto Parts (AAP) and O’Reilly Automotive (ORLY).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Tuesday’s Analyst Blog:

Macau Casino Growth Threatened?

The explosive growth of the casino industry in Macau may be threatened as the government of Macau − the Chinese gambling Mecca − is considering ways to impose restrictions on age, number of tables and locations of casinos.

Yesterday, government officials of

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The explosive growth of the casino industry in Macau may be threatened as the government of Macau − the Chinese gambling Mecca − is considering ways to impose restrictions on age, number of tables and locations of casinos. Yesterday, government officials of Macau met with six major casino operators including Las Vegas Sands (LVS) and Wynn Resorts Ltd. (WYNN) and a casino jointly operated by MGM Mirage (MGM) and local businesswoman/tycoon Pansy Ho, concluding that limitless expansion of the Macau gambling sector may be harmful to the society. Significant expansion of the gambling business in Macau has encouraged corruption, addiction and prostitution in that area. The government is considering regulations like raising the entry age limit for casinos to 21 years from 18 years, limiting the number of tables per casino and modifying zoning laws to compel slot machine halls away from residential areas ...

Casinos Returning to Blue Chip Status

It’s been no secret that we’ve been bullish on the casino sector for some time. From Doubling down on Casinos and Bank Pullback Exposes Casino Opportunities in April, there has been a lot of potential.

Last week we asked if the casino sector had gotten too hot. And for many, the increase would suggest that. But as we discussed in “Are Casino Stocks a Gamble Right Now?,” just by looking at the prices from last year, we still have a ways to go.

So far this month we’ve seen the big-three casino operators charge ahead. Wynn Resorts (Nasdaq: WYNN) added 29%; Las Vegas Sands (NYSE: LVS) added 30% and MGM Mirage (NYSE: MGM) charged ahead with a 53% gain.

But there’s been another piece of

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MGM Mirage (MGM) has offered to exchange a part of its $782 million 8.5% senior notes due next year for up to $500 million of 10.00% Senior Notes due 2016. This swapping would harness liquidity and also allow the company to extend the time to repay its debt at the cost of a somewhat increased debt level and interest expenses. The exchange offer will expire September 24, 2009, unless extended by MGM. For each $1,000 in principal amount of existing notes tendered and accepted, the holder will receive $1,175 principal amount of new notes, of which $50 in principal amount of New Notes represents early participation payment only to those who tender notes before the close of business on September 10, 2009. Casino operator MGM Mirage has been severely impacted by the recession. The company reported a loss of $212 million in the second quarter as ...

Just a little digression tonight, the Megamillions jackpot is up to $252 million tonight and I thought it’d be fun to do a little quick analysis of your chances of winning. For those that don’t know, the game is played by choosing five numbers from a set of 1 to 56 (without reptition) and then a “megaball” number between 1 and 46.

So, for those that know a little about probability, there are (56C5)*46=175,711,536 different permutations of numbers that you can choose. Rather than go through all the probabilities of winning, the lottery actually publishes its own listing of probabilities to help you out. Check it out below:

So, knowing these probabilities, let’s calculate expected values. Expected values are calculated simply by multiplying the expected result by the probability of it happening. Here’s how we would

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PennyOmega.com Stock Report!

PennyOmega.com Hot Stock News & Alerts!

 

Monday August 24, 2009

PennyOmega.com Stock Report!

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SKINNY NUTRITIONAL CORP. (OTCBB:SKNY), the creators of Skinny Water(R) and a leader in the zero calorie enhanced water category, announced today that Michael DiOrio recently joined Skinny Water as Vice President of DSD Sales for the Western region in the US. Mike is a beverage veteran with over 20 years experience in the industry, specializing in start ups, most notably as one of the initial hires for Snapple Beverage Company. He began his career with Pepsi Cola, in Upstate New York, and was instrumental in assembling DSD networks for the launch of Nescafe RTD Iced Coffees with Nestle USA and the

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A government report that suggested the economy shrank at a slower pace than feared failed to push stocks higher on a lackluster Friday but indexes managed to end the month on a solid footing, spurred by hopes that the recession is losing its force.  The big July saw the Dow Jones industrial average surging 725 points or 8.6% - its best July since 1989, and the broader S&P 500 index gaining 7.4% for its best July run since 1988.  The S&P500 has now recorded its most remarkable five-month performance since 1938, holding 46% above its 12-year low set in early March.

This morning’s US stock futures indicate a sharply higher opening, helped by positive signs emanating from overseas markets.  Today, Chinese stocks hit a 14-month high after data showed manufacturing activity is expanding in the country.  The Shanghai Composite Index rose 50.53 points, or 1.5%, to close at 3,462.59

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div style="text-align: justify;"Merrill Lynch is out downgrading span style="font-weight: bold;"MGM Mirage (NYSE:MGM)/span to Neutral from Buy while lowering their target to $8 (prev. $11).br /br /MGM has taken an increasingly aggressive strategy toward booking group business in late 2009, ’10 and ’11. While this helps to fill MGM’s huge 33.7K room inventory, it effectively locks in lower rates, meaning MGM’s earnings snap-back could be delayed. No signs of group volume recovery by the hotel companies, means pricing will remain challenged for at least the rest of ’09 and likely longer.br /br /span style="font-weight: bold;"Supply picture may not be improving as quickly as thought/spanbr /Merrill continues to believe supply risks from CityCenter cannibalization (6K rooms, +6% growth) are understood, but the Fontainebleau LV (4K rooms, +4% growth) bankruptcy in June and slow progress on Cosmopolitan (3 rooms, +3% growth) were incremental positives. Now, there are signs that Fontainebleau LV could be ...

Forget Charles Dickens and A Tale Of Two Cities, I’m talking about right now. After all, when was the last time the U.S. government was willing to give you as much as $4,500 to help you buy a new car . . . and a car company was willing to match it? Also, when was the last time you remember house prices falling 30%?

The story goes that the word “depression” was chosen by President Hoover as a way of describing the economic crisis of the 1930s, because the previously used word “panic” sounded too alarming. Well, with unemployment approaching double digits, and home foreclosures at the highest rate in memory, most Americans are a little depressed right now. But the flip side of the coin is that companies are scrambling to stay in business, and providing consumers (at least the ones who have some loose change left to spend)

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