Melco International Development: Liquidity Vs. Rising Debt
We initiate our coverage on Melco International Development Ltd (200 HK) (Melco) and its consolidated subsidiaries with an UNDERWEIGHT...
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Las Vegas Sands: We're Raising Guidance from $80 to $95 Post Q3. Its a Bet on a Fortress Company
LVS stock is undervalued compared with best peers even after a nice 4Q167 earnings beat. The sale of its Bethlehem, PA property liberates US$1/3b...
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Universal Entertainment (6425) - Casino in Hokkaido?
Universal Entertainment (6425 JP) may not have got as much out of Wynn Resorts Ltd (WYNN US) as it (and its investors) hoped from the recent court...
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Could Sega Sammy Holdings Be a Smart Wild Card Bet on a Japanese Casino License?
Sega Sammy stock has dipped considerably off it 52 week high. Its legacy pachinko and pachslot businesses are declining, shifting long-term...
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How Independent Research Can Add Depth to Valuations in High Visibility Sectors like Casinos
 Investors in this expanding sector are deluged with me-too analytics that can often inhibit, rather than illuminate the road to smart price...
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