Best Casino Stocks For 2019

Las Vegas Sands Corp. (NYSE: LVS) announced Thursday morning that it had sold its Bethlehem, Pennsylvania, casino for a total enterprise value of $1.3 billion to Wind Creek Hospitality, an affiliate of the Poarch Band of Creek Indians of Alabama.

The Sands Bethlehem cost around $800 million to build and opened in 2009 on the site of the historic Bethlehem Steel Works. The complex now comprises approximately 146,000 square feet of gaming space that includes approximately 175 table games and 3,200 slot machines; a hotel tower with 282 rooms; a 150,000-square-foot retail facility; an arts and cultural center; and a 50,000-square-foot multipurpose event center.

In its annual report for 2017, Sands said the Bethlehem property had a consolidated adjusted property EBITDA of $147 million. That metric is based primarily on casino revenues of $540 million, room revenues of $15 million and mall revenues of $4 million. The casino also owns a $50 million gaming license and a $17 million table games certificate, both of which have indefinite useful lives and are not subject to amortization.

Best Casino Stocks For 2019: Utilities Select Sector SPDR ETF (XLU)

Advisors’ Opinion:

  • [By Craig Jones]

    Speaking on Bloomberg Markets, Kevin Kelly of Recon Capital Partners suggested that investors with a long position in Utilities SPDR (ETF) (NYSE: XLU) should consider an options strategy that offers protection ahead of the FOMC meeting.

  • [By ]

    The sector is priced just 11% above its long-term forward earnings multiple, the second-lowest in the market, and last year’s return was less than a percent over the long-term average. The Utilities Select Sector ETF (NYSE: XLU) pays a 3.4% dividend, twice the 1.7% yield on the S&P 500.

  • [By WWW.THESTREET.COM]

    The Dow utility average ended last week at a stabilizing 639.95 after trading as low as 616.19 on Nov. 14. Keep in mind that a “death cross” was confirmed on election day, when the 50-day simple moving average fell below the 200-day simple moving average, indicating that lower prices are likely ahead. The 200-day is now at 666.30. The utility average has returned to my range of key levels of 635.23 and 670.81, which remain magnets for the remainder of 2016. This week’s value level is above the Nov. 14 low at 620.87. Investors seeking the safety of dividends can trade the Utilities Select Sector SPDR Fund (XLU) , which is a basket of 28 utility stocks.

Best Casino Stocks For 2019: Liberty Broadband Corporation(LBRDK)

Advisors’ Opinion:

  • [By Andrew Tonner]

    After focusing on his philanthropic activities for a number of years, Soros resumed a more active role at his eponymous Soros Fund Management in mid-2016.Around the same time,the famed investor loaded up on shares of Liberty Broadband (NASDAQ:LBRDK) (NASDAQ:LBRDA), and the roughly $615 million stake he owns in the company represented his largest holding in his latest quarterly filing — and for good reason.

Best Casino Stocks For 2019: Madison Square Garden Inc.(MSG)

Advisors’ Opinion:

  • [By Ian Wyatt, Publisher & Chief Investment Strategist, Wyatt Investment Research]

    Meanwhile, Mark Boyar, of The Boyar Value Fund, recommends another household name: Madison Square Garden (MSG). He thinks the Dolan family could take the company private.

  • [By WWW.GURUFOCUS.COM]

    For the details of Silver Lake Group, L.L.C.’s stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Silver+Lake+Group%2C+L.L.C.

    These are the top 5 holdings of Silver Lake Group, L.L.C.GoDaddy Inc (GDDY) – 15,868,908 shares, 21.3% of the total portfolio. Alibaba Group Holding Ltd (BABA) – 3,587,218 shares, 16.52% of the total portfolio. Sabre Corp (SABR) – 30,019,094 shares, 16.43% of the total portfolio. Broadcom Ltd (AVGO) – 1,618,567 shares, 11.1% of the total portfolio. BlackLine Inc (BL) – 12,543,873 shares, 10.99% of the total portfolio. Share

  • [By WWW.GURUFOCUS.COM]

    For the details of Silver Lake Group, L.L.C.’s stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Silver+Lake+Group%2C+L.L.C.

    These are the top 5 holdings of Silver Lake Group, L.L.C.GoDaddy Inc (GDDY) – 15,868,908 shares, 21.3% of the total portfolio. Alibaba Group Holding Ltd (BABA) – 3,587,218 shares, 16.52% of the total portfolio. Sabre Corp (SABR) – 30,019,094 shares, 16.43% of the total portfolio. Broadcom Ltd (AVGO) – 1,618,567 shares, 11.1% of the total portfolio. BlackLine Inc (BL) – 12,543,873 shares, 10.99% of the total portfolio. Share

  • [By Monica Gerson]

    Madison Square Garden Co (NYSE: MSG) is estimated to report a quarterly loss at $0.34 per share on revenue of $325.53 million.

    Gogo Inc (NASDAQ: GOGO) is projected to report a quarterly loss at $0.42 per share on revenue of $137.58 million.

Best Casino Stocks For 2019: Urban Outfitters Inc.(URBN)

Advisors’ Opinion:

  • [By WWW.THESTREET.COM]

    Urban Outfitters (URBN) was downgraded to equal-weight from overweight at Morgan Stanley. The valuation is less attractive, based on a $39 price target, Morgan Stanley said. 

  • [By Demitrios Kalogeropoulos]

    The Children’s Place (NASDAQ:PLCE) and Urban Outfitters (NASDAQ:URBN) were two of the biggest individual stock movers.

    The Children’s Place posts accelerating growth

    Shares of specialty retailer The Children’s Place soared 18% after the company announced solid fiscal fourth-quarter results. Comparable-retail sales rose by 6.9%, which marked an acceleration over the prior year’s 6.7% pace while landing at the top of the upgraded guidance range that management issued in early January. Adjusted net income jumped 58% to $35 million at the same time, translating to $1.88 per share of profit. CEO Jane Elfers and her executive team, in contrast, had forecast a per-share profit range of between $1.53 and $1.58.

  • [By Peter Graham]

    A long term performance chart shows small caps Guess?, Inc and Abercrombie & Fitch Co (NYSE: ANF) performing even worst than other apparel retailers likemid cap The Gap Inc (NYSE: GPS)and small cap Urban Outfitters, Inc (NASDAQ: URBN):