Wynn Resorts (NASDAQ:WYNN) (+98%, +4.21%, +14%, +0.44%), the U.S. and Macau gaming company, was the largest contributor to the Fund’s 2017 performance with strong earnings growth in Macau and Las Vegas. Industry gross gaming revenues (GGR) in Macau accelerated in the second half of 2017 well beyond full year GGR growth expectations. With major infrastructure projects moving closer to completion,....More>>>
"Short Sellers Retreat Amid Rally," ran the headline in the Wall Street Journal. Curious readers stopped and stared. It was the premise of the headline that arrested them. Who knew that there was even one bear left to give ground at the 100-month mark of the post-2008 levitation? El toro is the topic at hand. It's a most unusual bull market (we count as one the updrafts....More>>>
When casino gambling is legalized in Japan, we’re going to see an all-out spending war among resort operators because it could become the world’s most lucrative market. And because of the potential Japan offers casino operators, the feeding frenzy they promise could also make it the most expensive gambling market in the world.
How much is too much?
The big casinos certainly....More>>>
Tuesday looked like it was going to be an exciting follow-up to Monday’s robust up-day, but early gains quickly deteriorated into losses, including a 0.07% dip for the S&P 500. And those losses look ready to accelerate as we head into Wednesday’s early action thanks primarily because of more tumult from the White House.
While the morning ramps up with news out of....More>>>
Why Chipotle’s E. coli outbreak is still a mystery Chipotle had an awful end to 2015.
The company’s E. coli scare hospitalized 22 people, crushed its “healthy food” image and scared away many customers across the country.
Chipotle execs said in January that earnings would be “messy” and they were right. Chipotle only pulled in a $68 million....More>>>
BlackBerry (NASDAQ:BBRY) is at it again. Another quarter, another smartphone device. BBRY unveiled a new device called KEYone. The device is designed and manufactured by TCL, as per the previous agreement with the company months ago.
The KEYone is actually a good looking device. The all aluminum solid body has a very premium feel. The 4.5-inch LCD has a 3:2 aspect ratio, and resolution of....More>>>