This week, some of the largest casino companies in the U.S. are set to release their earnings reports. And after many investors have gambled their money in these gaming stocks, it is time for these entertainment giants to show their cards.
While most of these casino stocks have had a successful 2010 up to this point, analysts are projecting negative earnings for some of these companies. Soon, investors will see if the gamble has paid off or left them in the red.
Here are 7 important casino stocks to watch as they report earnings this week.
Las Vegas Sands Corp. (LVS)
Reports Earnings: Wednesday, July 28
Las Vegas Sands Corp. (NYSE: LVS) owns and operates several casinos in Las Vegas and Macau, China. Among its most popular gaming establishments are The Venetian Resort Hotel and The Palazzo Resort Hotel Casino. Las Vegas Sands has seen large growth in 2010, as the company is up nearly 71% year-to-date. With an average earnings estimate of $0.09, LVS is looking to improve on its earnings per share (EPS) of $0.01 from last year.
MGM Resorts International (MGM)
Reports Earnings: Tuesday, Aug. 3
Casino resort operator MGM Resorts International (NYSE: MGM) owns and operates 15 establishments in Nevada, Mississippi and Michigan. Its resorts provide guests with gaming, dining, retail and entertainment. Despite gaining 21.9% year-to-date on its shares, earnings estimates are bleak for MGM. With an EPS of -$0.12 a year ago, analysts are predicting earnings of -$0.24 for the entertainment provider.
Boyd Gaming Corp. (BYD)
Reports Earnings: Tuesday, Aug. 3
Aside from 15 casinos, Boyd Gaming Corp. (NYSE: BYD) also owns and operates a jai-alai facility in Florida, a travel agency and a captive insurance company. As a whole, BYD owns over 21,000 slot machines, 400 table games and 7,500 hotel rooms. Analysts are predicting earnings of $0.11 for Boyd Gaming, down slightly from last year’s EPS of $0.12. Since January, Boyd’s shares are up 9.1%.
Wynn Resorts, Limited (WYNN)
Reports Earnings: Thursday, July 29
Wynn Resorts (NASDAQ: WYNN) develops, owns and operates destination casinos in Las Vegas and Macau. Wynn is a rather expensive casino stock, as the share price currently stands at $87.54. For this quarter, experts are estimating earnings of $0.42 for the entertainment giant. Last year, Wynn reported earnings per share of just $0.09.
Pinnacle Entertainment (PNK)
Reports Earnings: Thursday, July 29
With casinos in Louisiana, Indiana, Missouri, Nevada and Argentina, Pinnacle Entertainment (NYSE: PNK) has seen its stock rise nearly 27% since the start of 2010. Despite the good numbers, analysts are predicting earnings of -$0.04 for this quarter, after the gaming company reported an EPS of just $0.01 last year.
Ameristar Casinos Inc. (ASCA)
Reports Earnings: Wednesday, Aug. 4
Much like the other companies on this list, Ameristar Casinos Inc (NASDAQ: ASCA) owns and operates gaming facilities across the U.S. Ameristar has casinos in such metropolitan areas as St. Louis, Kansas City, Chicago, Omaha and Denver. Analysts are projecting earnings of $0.20 for this quarter. Last year, the gaming company reported an EPS of $0.32.
Isle of Capri Casinos (ISLE)
Reports Earnings: Monday, Aug. 23
Isle of Capri Casinos (NASDAQ: ISLE) owns and operates 14 casinos in the U.S., England and the Bahamas. ISLE has had a productive 2010, and is up 18.7% as the stock currently trades at $8.86. The company is projected to have earnings of $0.09 this quarter, after a modest EPS of $0.02 a year ago.
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