DALLAS, Texas - Today’s Trade Alerts include: MGM MIRAGE (NYSE: MGM),
Las Vegas Sands Corp. (NYSE: LVS), Wynn Resorts Ltd. (Nasdaq: WYNN), Penn
National Gaming Inc. (Nasdaq: PENN), Melco Crown Entertainment (Nasdaq: MPEL)
and Boyd Gaming Corp. (NYSE: BYD).
“MGM MIRAGE (MGM) shares are slightly up at noon Tuesday,
climbing to $35.35. MGM MIRAGE is a gaming company. It engages in the ownership
and operation of casino resorts, which includes offering gaming, hotel, dining,
entertainment, retail and other resort amenities...
“The casino operators president told Reuters on Friday the company has
secured $2.3 billion of the remaining $3 billion in funding needed for its
massive CityCenter project on the Las Vegas Strip …
“President Jim Murren said the company received a commitment for $300
million from China Construction Bank, which follows a recent $150 million from
three other banks and $100 million from a fifth bank. The company said earlier in August that it received lending
commitments from several banks totaling $1.65 billion and expected to finalize
the total $3 billion financing package by the end of September...”
“Las Vegas Sands Corp. (LVS) shares climbed 3.56% to $49.18 Tuesday mid-day. Las Vegas Sands Corp. owns and operates The
Venetian Resort Hotel Casino (The Venetian), The Palazzo Resort Hotel Casino
(The Palazzo), The Sands Expo and Convention Center (The Sands Expo Center) and
The Congress Center in Las Vegas, Nevada, and the Sands Macao and The Venetian
Macao Resort Hotel (The Venetian Macao) in Macao, China. It is also creating a
development of integrated resort properties, anchored by The Venetian Macao,
which the company refers to as the Cotai Strip in Macao…
“In an interview with the with the Chinese-language Economic
Daily News, sister publication of Taiwan Economic News, President William
Weidner said the company is probing the opportunity of setting up a casino in
Taipei or Kaohsiung, in case the Taiwanese government opens up a casino
establishment…
“Weidner revealed that he recently went to Taiwan discussing
with Taiwanese officials for the establishment of a casino resort. He also
reported that the company is no longer interested in setting up a casino resort
at the offshore island of Penghu, after the group abandoned the plan in 2000
due to the opposition of former Democratic Progressive Party running counter to
ex-President Chen Shui-bian`s pledged support to the project initially…”
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