1/2 Interested in what Las Vegas is thinking about reopening casinos, hotels, and conventions? This document from Wynn resorts looks to be the blueprint everyone else will follow: https://t.co/LTMfX7iw6k
Good luck everyone, have a great day, it’s Friday! Of note for Energy names (XLE, XOM, CVX), the IEA, in fitting with EIA, raised its 2020 oil demand outlook, but cut its 2021 view due to the improved outlook this year. However, it noted that risks were skewed to the downside. Of note for Casino names (CZR, WYNN, LVS) announced it will reopen its Bally’s on Las Vegas Strip on July 23rd. However, Nevada has ordered bars in Clark County, where Las Vegas is, to close on Friday. Of note for PC names (DELL, HPQ), Worldwide PC shipments rose +2.8% Y/Y in Q2 2020, totalling 64.8 million units, according to preliminary results by Gartner. IDC data reported Q2 20 shipments rose 11.2% Y/Y to 72.3mln units. “Early indicators suggest strong PC shipments for education, enterprise, and consumer, muted somewhat by frozen SMBs,” said Linn Huang, research vice president, Devices and Displays at IDC. “With inventory still back ordered, this goodwill will continue into July. However, as we head deeper into a global recession, the goodwill sentiment will increasingly sour”. Market share: HP (HPQ) 25%, Lenovo 24.1% (LNV GY), Dell Technologies (DELL) 16.6%, Apple (AAPL) 7.7%, Acer Group 6.7%.
DOW JONES
Merck & Co. (MRK) Animal Health Unit received FDA approval for its Bravecto Chews for dogs of 8 weeks and older; it is a once a month treatment for fleas and prevention of fleas. Pfizer Inc. (PFE) - BioNTech (BNTX), who is partnering with Pfizer to develop a COVID-19 vaccine, says they are confident it will be ready to get regulatory approval by year-end; expects to begin Phase 3 trials (N=30,000) by July-end. CEO said several hundred million doses could be produced even before approval, and over 1bln by the end of 2021.
NASDAQ 100
Amazon.com Inc. (AMZN) plans to create at least USD 100mln in stock awards to retain the 900-plus employees of Zoox, the self-driving car startup it offered to buy last month, and can walk away from the deal if large numbers of them turn down job offers from the technology giant; AMZN is aggressively expanding into self-driving technology, announced in June it had agreed to acquire the Silicon Valley company, for USD 1.3bln in cash, which it hopes to close by September. Facebook, Inc. (FB) – A bug in the Facebook Software Developer Kit (SDK) is causing major third-party iOS apps, like TikTok and Spotify to crash on launch. The SDK enables account logins through Facebook and enable apps to integrate Facebook within the app for analytics and advertisements. Gilead (GILD) released additional data on remdesivir for COVID-19: was associated with an improvement in clinical recovery and a 62% reduction in risk of mortality; 74.4% of treated patients recovered by day 14 (vs 59% of patients receiving standard of care).
S & P 500
AbbVie Inc. (ABBV) - Allergan announced it received FDA approval for its supplemental Biologics License Application (sBLA) that supports the expanded use of BOTOX for the treatment of spasticity in patients aged two years or older. Energy Transfer’s (ET) fight to stave off a shutdown of the Dakota Access oil pipeline now heads to a federal appeals court after a district judge rejected a request to freeze an order that operations of the pipeline be halted by August 5th. Ford Motor (F) announced the 50% staffing restrictions imposed on plants producing car parts in Chihuahua, Mexico is not sustainable, as US plants are running at 100%. The US ambassador to Mexico stated Ford “may have to shut some US car plants as early as next week if they fail to receive Mexico-produced engines”. Simon Property Group Inc (SPG) and Authentic Brands are considering a bid for retailer Brooks Brothers Group, as is WHP Global, reports WSJ citing sources. The move would be the latest in which property owners are looking to purchase large renters who use their property to keep its business strong. Previously SPG has considered buying bankrupt JC Penney. Tyson Foods (TSN) is looking towards automated butchers amid the COVID-19 pandemic, according to WSJ.
OTHER
Barrick Gold (GOLD) sent a dispute notice to Papua New Guinea over the government’s refusal to extend a mining lease in the Porgera valley. Cannae Holdings (CNNE) and the Senator Investment group, who are trying to acquire CoreLogic (CLGX), have reportedly hired a proxy solicitor, DF King after CLGX rejected the unsolicited USD 7bln offer. Express (EXPR) announced 95% of its stores are open and its strategic transformation remains on track, while traffic and sales have steadily improved with e-commerce being positive in June. “Comparable sales for open stores sequentially improved from down over 50% in early May to approximately negative 15% by the third week in June. Traffic also improved, from approximately negative 65% in early May to approximately negative 30% by the third week in June. As COVID-19 cases began to spike in several states in late June, the Company saw declines in both sales and traffic in Arizona, California, Florida, and Texas, which were significant enough to impact total results.” Taiwan Semiconductor Manufacturing Company (TSM) reported double-digit sales growth in June; sales were approximately USD 4bln, +28.8% M/M and +40.8% Y/Y. Revenues for the H1 period were around USD 21bln, +35.2% Y/Y. Tencent (TCEHY) is in exclusive talks to purchase Hong Kong game developer Leyou Technologies, according to CNBC. WD-40 (WDFC) Q3 20 (USD): EPS 1.06 (exp. 1.07), revenue 98.2mln (prev. 114mln).
Additional US Equity Stories
Intel Corp. (INTC) has reportedly delayed another major near-term server project, according to SemiAccurate, who reportedly has multiple sources confirming this new delay and none are optimistic about the new schedule. Gilead (GILD) Former FDA Commissioner Gottlieb says the Gilead (GILD) remdesivir data is very encouraging but needs to be confirmed in a prospective trial. United Airlines (UAL) reached a deal with a pilot union representing 13,000 employees regarding voluntary furloughs and early retirements. Nvidia Corporation (NVDA) had a PT upgrade at Rosenblatt Securities to USD 500 from USD 400, noting a secular shift into data-processing units and the co.’s entrance into new markets will drive revenue growth for the co. Carnival Corp. (CCL) preliminary EPS USD -6.07, Adj. EPS -3.30, revenue 740mln (prev. 4.84bln); expects future capacity to be moderated by phased re-entry of its ships, sold one ship in June, has agreements for the disposal of five ships. In total 13 ships expected to leave fleet represent a 9% reduction in current capacity. Reduced operating costs by over USD 7 billion on an annualized basis and reduced capital expenditures also by more than USD 5 billion over the next 18 months. H2 monthly average cash burn expected at USD ~650mln. The company currently expects only five of the nine ships originally scheduled for delivery in fiscal 2020 and fiscal 2021 will be delivered prior to the end of fiscal year 2021. Apple Inc. (AAPL) Apple Silicon 13.3-inch MacBook Pro to go into mass production in the fourth quarter of this year, but also now predicts we will see an Arm-based American Airlines (AAL) has threatened to cancel some Boeing (BA) 737Max orders, a sign of deepening financial stress in the aviation industry.
Wish i was earlier to it like some of you guys but i got in at .68 and i bought 4250 more shares today at .90 cents. Do your own DD as always but this has more potential then everyone thinks. I live in Las Vegas and have now for over 25 years. This could be massive. But here are the key takeaways. 1- Casinos want to reopen fast and people want to get back to work. 2- today on remarks twitter they posted they were in the las vegas wynn resort testing out the thermal cameras in there. all points is to they signed a big contract with the wynn and other casinos. https://twitter.com/RemarkHoldings/status/1258463545852751873?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet 3- Donald Trump Jr. and the CEO of MARK followed each other on instagram the other day!! HUGE 4- Las Vegas Governor Steve Sisolak just released a press briefing now that at 3pm today pdt that in his plan to reopen casinos that thermal imaging and screening of reporters coming in is mandatory. 5- there are lots of rumors that disney is looking in to this and disney is announcing they are reopening in a few week. Do your own homework and invest your own money. But this is much needed in a city of las vegas that is very dependent on the casino industry and this company could be a massive payoff both shortterm and long term. A few big contracts with these casinos out here can see their revenue go thru the roof! Im in on this one and im thinking in short term 30-60 days this can be $3-$6 a share if they start getting things going and any pr on this will send it thru the roof. When they tweeted the video of them at the wynn today testing it out the stock price went up 20% in 5 minutes with millions of shares sold.
Is anyone looking into casino stocks? They've had an interesting week so far, and I was wondering if anyone has made plays on them with the tentative reopening of Las Vegas on May 15. I'm looking into WYNN, CZR, and ERI mainly but of course open to some other input.
Nevada Governor Targets June 4 Date for Reopening Casinos
Does this continue the upward trend for resorts and casinos such as ERI, PENN, and WYNN, and help MGM? Or do increased operation costs and lower capacity hurt them in the long run? “Casino operators and employees in the largest U.S. gambling market got some welcome news at the start of the Memorial Day weekend: a June 4 target date for reopening. Nevada Governor Steve Sisolak, a first-term Democrat, announced the reopening date Friday. Resorts in Las Vegas have been shuttered since March due to the coronavirus, resulting in a surge in unemployment and a collapse of tax revenue. Sisolak has been under pressure for weeks to reopen one of the state’s most-important industries. He joins politicians in other states who are getting comfortable with the return of large entertainment venues. Casinos in Louisiana and Mississippi opened in the past week. And California Governor Gavin Newsom said Friday his state’s casinos, most of them run by Native American tribes, could open June 8. “We’re putting out guidelines not just for casinos, but card rooms as well,” he said. A March study by the Brookings Institution identified Las Vegas as one of the areas hardest hit by the virus in the U.S., with some 342,000 people, or one-third of the workforce, out of a job.” https://www.bloomberg.com/news/articles/2020-05-22/nevada-governor-targets-june-4-date-for-reopening-casinos
Las Vegas workers push back after mayor's call to reopen casinos and hotels
This is the best tl;dr I could make, original reduced by 71%. (I'm a bot)
"I want us open in the city of Las Vegas so our people can go back to work," Goodman said in a CNN interview. Wynn Resorts, which owns multiple hotels and casinos in Las Vegas, released a report Sunday detailing a plan to reopen the Las Vegas Strip with safety measures such as thermal cameras and social distancing. Governor Sisolak April 22, 2020 The Culinary Union, which represents the largest segment of workers on the Las Vegas Strip, said 11 members have died from COVID-19."Workers will be the reason we get through this pandemic and workers have to be protected," it tweeted. Jay Blake, who works in a VIP lounge at a Las Vegas casino, said he understands Goodman's eagerness to return to normal, but he does not think she "Put a lot of thought into what it could mean if we reopen too soon." Dee Kenny, 64, who works security at casinos on the Las Vegas Strip, said she has underlying health issues and for her to feel safe, she would like employers to provide workers with personal protective equipment, or PPE, and to test all employees for the virus and its antibodies. Acosta said he has spoken with other workers who are concerned about a shortage of PPE, similar to what health care workers are experiencing.
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MGM Resorts Closes All Las Vegas Properties Effective March 17
This is the best tl;dr I could make, original reduced by 34%. (I'm a bot)
MGM Resorts International just announced that it will temporarily suspend operations at its Las Vegas properties on Tuesday, March 17. Casino operations will close on Monday, March 16, followed by hotel operations, says Jim Murren, chairman and CEO of MGM Resorts in a press statement. "As the coronavirus pandemic has intensified in the United States over the past week, the people of MGM Resorts have worked to try to find a way to continue delivering high quality hospitality and entertainment experiences for our guests while keeping our employees doing the jobs they love in a safe environment. Welcoming people from around the world is what we do, and our employees have tremendous pride in their work."Despite our commitment to dedicating additional resources for cleaning and promoting good health, while making difficult decisions to close certain aspects of our operations, it is now apparent that this is a public health crisis that requires major collective action if we are to slow its progression. "Accordingly, we will close all of our Las Vegas properties as of Tuesday, March 17, for the good of our employees, guests and communities. This is a time of uncertainty across our country and the globe and we must all do our part to curtail the spread of this virus. We will plan to reopen our resorts as soon as it safe to do so and we will continue to support our employees, guests, and communities in every way that we can during this period of closure." MGM Resorts will not be taking reservations for arrivals before May 1, but that situation may change. Major chefs affected include Wolfgang Puck with Spago at the Bellagio, Lupo at Mandalay Bay, and Wolfgang Puck Bar & Grill at MGM Grand; Joël Robuchon's two restaurants at the MGM Grand; Roy Choi's Best Friend at the Park MGM; NoMad Restaurant and NoMad Bar at the NoMad Hotel; Tom Colicchio with Heritage Steak at the Mirage and his steakhouse at the MGM Grand; Susan Feniger and Mary Sue Milliken at Border Grill at Mandalay Bay; and Michael Mina's four-restaurants at MGM resorts.
WEEKLY OUTLOOK When markets reopen after the holidays today, all eyes will be on the monthly U.S. employment report, coming on Friday. On Wednesday, we will hear of the FED’s December policy meeting with further clues on the future of monetary policy. Chinese manufacturing datas will give fresh indications on the health of the world's second biggest economy. Eurozone inflation data comes on Friday, and in the UK manufacturing, construction and service concerns are in focus, thanks to the Brexit’s effect on the economy. CASINOS FINISH STRONG Gaming revenue in Macau rose for the first time in three years in 2017 as appetite for gambling recovers following a protracted government campaign against public shows of wealth by officials and slowing economic growth. MGM, Las Vegas Sand, Galaxy, Wynn, and Melco are all in the pot to cook with, you gotta pick the perfect for you. Keep looking at Japanese licensing. THE LAST SESSION - 2018 The end of Friday’s trading was certainly interesting as the last 30 minutes of the trading day incurred most of the day's half of a percent loss. Although the first day of January is simply another day on the calendar, much is made of the fact-, it is January and a new year. So, what is to be expected from the equity market in 2018? Who knows? But there is a significant fact! Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves. Don’t be ridiculous! Ask! #DAILY PICKDow Jones (DJ:DJI) has been awesome! Why would it change? Long term only! Verizon (NYSE:VZ) is in the class change, one of S&P500’s last telecoms. Predictions are high. AT&T’s (NYSE:T) FirstNet is approved in all states! Time to make money. Nvidia (NASDAQ:NVDA) looks bulletproof, buying the deeps could pay off! ActiVision (NASDAQ:ATVI) Call of Duty picked as the best game of 2017. It’s the 9th year in a row. Doubts? Shouldn’t have. FX WORLD Looking at the first session of 2018, we have to see, the exchange market is still going to be a little quiet. Momentum trades are preferable these days. The EURUSD looks very strong. Considering multiple things to pay attention to, one is the look at the D1 head-shoulder form, which sends us several candles higher, and there is a very bullish trend on W1. If we move above 1.21, we will see higher levels in mid-term. The GBPUSD is still supported by 1.3333 and the underlying uptrend line. It could break above 1.365, but until that, the pair will bounce back and forth between these levels. Momentum trading is preferable. The USDJPY closed the year with a negative candle. 112 is supportive. If we break 113, the pair will find 114.5 first, than it will move much higher. The market could be a bit quiet till job datas will come. Check our blog for more information:https://www.gtc.news/single-post/DT18002EN
WEEKLY OUTLOOK When markets reopen after the holidays today, all eyes will be on the monthly U.S. employment report, coming on Friday. On Wednesday, we will hear of the FED’s December policy meeting with further clues on the future of monetary policy. Chinese manufacturing datas will give fresh indications on the health of the world's second biggest economy. Eurozone inflation data comes on Friday, and in the UK manufacturing, construction and service concerns are in focus, thanks to the Brexit’s effect on the economy. CASINOS FINISH STRONG Gaming revenue in Macau rose for the first time in three years in 2017 as appetite for gambling recovers following a protracted government campaign against public shows of wealth by officials and slowing economic growth. MGM, Las Vegas Sand, Galaxy, Wynn, and Melco are all in the pot to cook with, you gotta pick the perfect for you. Keep looking at Japanese licensing. THE LAST SESSION - 2018 The end of Friday’s trading was certainly interesting as the last 30 minutes of the trading day incurred most of the day's half of a percent loss. Although the first day of January is simply another day on the calendar, much is made of the fact-, it is January and a new year. So, what is to be expected from the equity market in 2018? Who knows? But there is a significant fact! Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves. Don’t be ridiculous! Ask! #DAILY PICKDow Jones (DJ:DJI) has been awesome! Why would it change? Long term only! Verizon (NYSE:VZ) is in the class change, one of S&P500’s last telecoms. Predictions are high. AT&T’s (NYSE:T) FirstNet is approved in all states! Time to make money. Nvidia (NASDAQ:NVDA) looks bulletproof, buying the deeps could pay off! ActiVision (NASDAQ:ATVI) Call of Duty picked as the best game of 2017. It’s the 9th year in a row. Doubts? Shouldn’t have. FX WORLD Looking at the first session of 2018, we have to see, the exchange market is still going to be a little quiet. Momentum trades are preferable these days. The EURUSD looks very strong. Considering multiple things to pay attention to, one is the look at the D1 head-shoulder form, which sends us several candles higher, and there is a very bullish trend on W1. If we move above 1.21, we will see higher levels in mid-term. The GBPUSD is still supported by 1.3333 and the underlying uptrend line. It could break above 1.365, but until that, the pair will bounce back and forth between these levels. Momentum trading is preferable. The USDJPY closed the year with a negative candle. 112 is supportive. If we break 113, the pair will find 114.5 first, than it will move much higher. The market could be a bit quiet till job datas will come. Check our blog for more information:https://www.gtc.news/single-post/DT18002EN
It was big news Las Vegas restaurants could again do dine-in (as of May 9, 2020), but all eyes are on the reopening of casinos. We’ve now heard from multiple sources Wynn Las Vegas is moving forward to reopen May 26, 2020. That sound you hear is this blog dancing about in its underwear, whooping at the top of its lungs. LAS VEGAS – Wynn Resorts’ luxury Strip properties will reopen June 4. In the wake of the unprecedented COVID-19 shutdown, the long-awaited reopening will come during phase two of Nevada's "Roadmap... Wynn Las Vegas CEO Matt Maddox believes his resorts on the Las Vegas Strip will open by the end of the month. Gov. Steve Sisolak says that casinos cannot reopen until phase three or four of his ... Wynn Resorts Ltd.’s CEO said it’s likely the company’s two Las Vegas properties could open later this month. With the first phase of the state’s reopening plan set to begin next week, CEO ... All Casino Reopening Dates . You can expect the Las Vegas casino reopening to happen in stages. This is key in ensuring that the plans put in place are effective in minimizing the spread of Covid-19, as we all learn to navigate this new territory. Initially, MGM is opening four properties and Caesars Casinos will begin by opening three. Wynn Las Vegas meets more than 360 global health security standards and implements expert-validated best practices for your safety and comfort. Working closely with a team of leading medical and public health professionals, Wynn and Encore have created a health and safety program that is based on the most effective health-safety practices available. Follow the link to learn more about our ... Wynn Las Vegas, the world's largest five-star resort, reopened on June 4 after almost three months of closure during the coronavirus pandemic. The hotel published a 30-page memo on its website... Wynn Resorts Ltd. Chief Executive Officer Matt Maddox is calling for parts of the Nevada economy to start reopening in early May, followed by the Las Vegas Strip in the middle or later part of the ... In an op-ed published by the Nevada Independent, Maddox said parts of Nevada's economy should start reopening in early May. Casinos and other nonessential businesses in Nevada have been closed...
Las Vegas Reopen Wynn Las Vegas Reopening, New Check In ...
Las Vegas Reopen – The Wynn Las Vegas reopening was at 10am on June 4, 2020. In this Las Vegas travel vlog, we take a walking tour of the Wynn Las Vegas reop... 🔴 If you're new, Subscribe! →: https://goo.gl/qFCiUm_____ If you're new, Subscribe! →: https://goo.gl/qFCiUmThank you for joining us!WATCH NEXT: ... The Wynn Buffet in Las Vegas has finally reopened! We got firsthand experience on what is different in this re-imagining, all the pros and cons of the new de... The Buffet at the Wynn is the first buffet to reopen in Las Vegas Post Covid 19 ! We visit the Wynn Buffet ( The First Buffet To Open In Las Vegas) to see wh... The Wynn Las Vegas has called for a reopening of the Las Vegas Strip by May 15. But what will a reopened Wynn Las Vegas Resort look like? Wynn Resorts recent... Casinos in Las Vegas and all around Nevada reopen Thursday, under a number of coronavirus requirements, including 50% capacity in gaming areas. CNBC's Contes... Walking through the Wynn I can't help but feel it is one of the most beautiful hotels I have ever been in! The elegance is evident in every detail and I hope... In this video I vlog my stay at the Wynn Hotel and Casino in Las Vegas!Book your stay in Vegas at a discounted rate here! ... Hello everyone! June 4, 2020 some casino re-open in Las Vega. Wynn Casino and resorts was one of them. The same month June 16 Wynn buffet re-open, different ... THE BUFFET at WYNN Las Vegas is REOPENING! MAJOR CHANGES!! - What You Can Expect! ( See below for more details) 🔴 If you're new, Subscribe! →: https://goo....
![[Travel] - Wynn Resorts will reopen Las Vegas hotel-casinos on June 4](https://b.thumbs.redditmedia.com/sC0tZpanT2V363lMjdpmKe37V-StKShRw8dAkzirXKQ.jpg "[Travel] - Wynn Resorts will reopen Las Vegas hotel-casinos on June 4")
