Core Viewpoint - The gaming operator focused on Las Vegas, Caesars Entertainment, faced significant challenges in 2025 due to decreased tourism, but there are signs of potential recovery in 2026 [1][2]. Group 1: Impact of Decreased Tourism - The "Vegas is dead" meme reflects a notable decline in tourism, adversely affecting gaming companies like Caesars Entertainment [1]. - Visitor volume to Las Vegas decreased by 7.6% in the 10 months ending October 2024, with convention attendance down 0.6% and revenue per available room (RevPAR) down by 8.7% [5]. - Caesars' Las Vegas properties reported a 5.1% year-over-year drop in revenue during the nine months ending September 30, 2025, contributing to a 4.2% decline in overall adjusted EBITDA and a 16.6% increase in net losses [7]. Group 2: Financial Performance - Caesars' stock has dropped nearly 30% since the beginning of the year, reflecting investor concerns about the company's future [2]. - Despite the challenges, Caesars' shares have recently shown signs of recovery, buoyed by promising gaming revenue data [2]. - The company's overall revenue from Las Vegas properties accounts for about one-third of its total revenue, making the decline particularly impactful [6]. Group 3: Future Catalysts - The Las Vegas Strip's gross gaming revenue increased by 8% in October compared to the same month the previous year, suggesting a potential rebound [8]. - Analysts suggest that a potential IPO of Caesars' digital gaming unit could generate billions in new capital, which could be used to reduce debt and unlock value through a spinoff [9]. - Continued macroeconomic uncertainties may cloud the near-term outlook for Caesars' shares, but the potential catalysts could lead to stronger performance in 2026 [10].

MINNETONKA, MINN., Dec. 02, 2025 (GLOBE NEWSWIRE) -- Table Trac, Inc. (OTCQX: TBTC) today announced it will deliver its CasinoTrac casino management system (“CMS”), to S&K Gaming, LLC, a wholly owned enterprise of the Confederated Salish & Kootenai Tribes of the Flathead Reservation. "After a comprehensive review of multiple systems, we have chosen to go with CasinoTrac, ultimately because they're leading technologies which are driving efficient operations and great player experiences across the casino indu ...

New York City will get three mega-casinos after a state commission awarded licenses to Mets owner Steve Cohen and two other proposals https://t.co/T0aFhd1M83 ...

Core Insights - The article highlights the profitability of casinos, indicating that they are well-known for generating significant revenue, appealing to both gambling enthusiasts and investors [1] Industry Overview - The casino industry is recognized for its high profitability, attracting a wide range of investors [1]

Market Overview - US stocks experienced a decline at the start of December trading, with the NASDAQ leading the drop [1] - The ISM Manufacturing Index for November fell to 48.2%, marking the ninth consecutive month of contraction, indicating a slowdown in manufacturing activity [1][20] - Wall Street strategists are cautiously optimistic about stock performance in 2026, although some believe the market may have priced in overly optimistic scenarios [1][2] Economic Indicators - The ISM Manufacturing Index's contraction reflects a pullback in new orders and employment, with significant uncertainty surrounding tariffs and their impact on manufacturing [20][22] - The GDP of manufacturing sectors remains weak, with ongoing tariff uncertainties contributing to a lack of long-term order commitments from customers [24][25] Sector Performance - Healthcare stocks outperformed in November, gaining nearly 10%, driven by a shift in investor focus from large-cap tech to healthcare [38] - Drug makers and medical device manufacturers have shown strength, while managed care stocks have lagged behind due to inconsistent regulatory news and utilization rates [40][42] Supply Chain and Technology - Concerns about supply chain issues, particularly in the tech sector, are expected to impact stock performance in the first half of 2026, with significant increases in inventory purchases reported by major companies [2][3] - The demand for memory chips and networking components is anticipated to create bottlenecks, complicating market predictions [3][5] Retail Insights - Cyber Monday spending is projected to reach $14.2 billion, with a notable shift towards planned purchases rather than impulse buying [60] - Retailers like Macy's are expected to perform well due to strong foot traffic and effective inventory management, despite a tight labor market affecting holiday hiring [62][71] Corporate Developments - Crowdstrike's price target was raised by Key Bank, reflecting confidence in its market position and growth strategy [10] - Carvana is expected to increase its market share in the used car market significantly by the end of the decade, supported by its delivery model [10] - Bareric Mining is considering a spin-off of its North American gold assets, a move prompted by activist investor interest [14]

Steve Cohen, Bally’s Picked to Run Casinos in NYC. Listen for more on Bloomberg Intelligence. https://t.co/mNiNtIjYsB ...

Market Overview - Major U.S. equities indexes experienced declines, with the S&P 500 and Nasdaq down approximately 0.2%, and the Dow dropping 0.4% [1][2]. Cryptocurrency Sector - Coinbase Global (COIN) was one of the largest decliners in the S&P 500, with shares falling about 6% due to a drop in Bitcoin and other major cryptocurrencies [2]. - Robinhood Markets (HOOD) shares also decreased by nearly 5% amid the same market conditions [2]. Other Notable Stocks - Moderna (MRNA) shares fell 6% following calls for a stricter vaccine approval process from a Food and Drug Administration official [2]. - Sandisk (SNDK) shares dropped close to 7%, reversing previous gains after its addition to the S&P 500 [3]. - Old Dominion Freight Line (ODFL) and J.B. Hunt Transport Services (JBHT) saw increases of about 6% and 4%, respectively, following positive comments from BMO Capital [3]. - Wynn Resorts (WYNN) shares rose around 4% after being placed on Goldman Sachs' conviction buy list, citing its strong business in Las Vegas and potential benefits from improvements in Macao [4]. - Synopsys (SNPS) shares increased by 4% after Nvidia (NVDA) announced a $2 billion investment in the semiconductor design software company [4]. Commodities and Treasury - Oil and gold futures experienced an uptick, while the yield on the 10-year Treasury note rose to 4.09% [5].

New York City's proposed casinos clear a hurdle before getting their licenses. ...

Core Viewpoint - Wynn Resorts Ltd's stock has increased by 3.3% to $132.95 after being added to Goldman Sachs' 'Conviction Buy' list, highlighting its strong Las Vegas operations and improvements in Macau [1] Stock Performance - WYNN reached a high of $134.20, close to its four-year high of $134.23 from October 2, and has risen 55% in 2025, with support found at its 100-day moving average during a November drawdown [2] - A sustained move above $134 is significant due to a double top formation on the charts since December [2] Short Interest - There is potential for a modest short squeeze, as short interest has decreased by 5% in recent reporting periods, but 4.40 million shares sold short still represent 5.8% of the stock's total float [4] - At the current trading pace, it would take shorts over four trading days to cover their positions [4] Options Activity - Options traders are heavily favoring calls, with a 10-day call/put volume ratio of 5.83, ranking in the 86th percentile of its annual range, indicating a significant preference for call options over puts [5] - The elevated call buying rate has rarely been higher in the past year [5] Volatility Metrics - Options are currently affordably priced following a post-earnings volatility crush, with a Schaeffer's Volatility Index (SVI) of 36% in the 11th percentile of its annual range [6] - The Schaeffer's Volatility Scorecard (SVS) stands at 78 out of 100, indicating that the stock has historically exceeded options traders' volatility expectations over the past year [6]

Core Insights - MGM Resorts International has remained profitable, but long-term investors have not seen favorable returns compared to the S&P 500 [1] - Over the past one, three, and five years, MGM Resorts has significantly underperformed the S&P 500, suggesting that investors would have been better off with an index fund [2][5] - Despite past underperformance, there may still be potential for MGM Resorts to outperform in the future [3][7] Performance Comparison - MGM Resorts' performance over different timeframes compared to the S&P 500: - 1 Year: MGM -17.4%, S&P 500 +13.9% (Difference: -31.3 percentage points) [5] - 3 Years: MGM -15.3%, S&P 500 +72.4% (Difference: -87.7 percentage points) [5] - 5 Years: MGM +17.4%, S&P 500 +83.8% (Difference: -66.4 percentage points) [7] - The lack of dividends since 2022 exacerbates the total return difference when compared to the S&P 500 [5] Factors Behind Underperformance - Initial excitement around BetMGM, the online casino and sportsbook joint venture, drove stock prices up during the pandemic despite poor performance in land-based casinos [6] - As the market recognized that online gaming companies were far from profitability, enthusiasm waned, leading to a decline in MGM's stock price from 2022 onward [8] Recent Developments - MGM Resorts' revenue returned to pre-pandemic levels in 2022, aided by "revenge travel" trends, but concerns about future prospects have emerged for 2024 [9]