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Casino Stock Pops (Again) on Analyst Upgrade
Schaeffers Investment Research· 2025-06-26 14:37
Shares of casino name PENN Entertainment Inc (NASDAQ:PENN) are enjoying a 9% pop this morning, trading at $19.20, the stock's highest level since early March. Driving today's price action is an upgrade by Citizens JMP from "market perform" to "outperform," with a price target of $24. The firm cited a potential turning point in the equity. Today's bull note marks its second of the week, after the stock received a boost on Monday from JPMorgan Securities. Longer term, PENN has been recovering from its early-A ...
泰柬边界争端祸及两国百姓:泰国果农深感忧虑,柬方边民缺电少油
Huan Qiu Shi Bao· 2025-06-23 21:44
Group 1 - The escalating border tensions between Thailand and Cambodia have severely impacted various sectors, leading to a decline in the quality of life for residents [1][3] - Cambodia has cut off electricity supply from Thailand to Poipet, opting for a new power line from Vietnam, which has resulted in unstable electricity and increased demand for generators [1] - Fuel prices in Cambodia have surged, with gasoline reaching 48 to 50 Thai Baht per liter and diesel at 38 to 40 Thai Baht, compared to Thailand's prices of 41 Baht for gasoline and 32 Baht for diesel [1] Group 2 - The border closure has led to a decrease in investor confidence in Thailand's border provinces, with a reported decline in product sales affecting businesses and manufacturing [3] - Cambodia has banned the import of Thai agricultural products, which, while only accounting for 5% to 10% of Thailand's mangosteen exports, has raised concerns among Thai farmers [3] - The construction sector in Thailand is at risk due to potential restrictions on the movement of approximately 16,000 Cambodian workers [3] Group 3 - The tightening of border policies has resulted in a significant drop in casino patronage in Poipet, where 80% of customers are Thai, impacting the local gambling economy [3] - The stay duration for citizens of both countries has been reduced to 7 days, with Cambodia advising its citizens to avoid non-essential travel to Thailand [4] - Since early June, the number of Cambodian tourists visiting Thailand has decreased by 43%, leading to a drop in hotel occupancy rates in Thailand [4]
Minimum Deposit Casinos 报告:澳门五月博彩业绩激增,预示全球赌场复苏
Globenewswire· 2025-06-08 20:56
Group 1 - The core point of the article highlights that Macau's gaming revenue reached a record high in May 2025, with total gaming revenue (GGR) of 21.19 billion MOP (approximately 2.62 billion USD), marking the highest monthly figure since January 2020 [1] - The revenue in May increased by 12.4% compared to April and by 5% compared to May 2024, indicating a strong recovery trend [1] - The growth was primarily driven by the Golden Week holiday from May 1 to May 5, during which over 850,000 tourists visited Macau, with the mass market contributing 75% of the total revenue [1] Group 2 - MDC's report indicates that May's revenue has recovered to 81.7% of the levels seen in the same period in 2019, suggesting robust recovery momentum [1] - Analysts are generally optimistic about future growth, with some institutions raising their performance expectations for the remainder of 2025 [1]