Information Provided By:
Fly News Breaks for June 16, 2015
LVS, WYNN, MGM
Jun 16, 2015 | 08:08 EDT
Following a trip to Macau, Morgan Stanley said the market is still far from a turnaround and trends are still weakening. The firm does not expect Q2 to-date GGR results of (36%) to improve, below its prior estimate of (30%), and lowered forecasts. Morgan Stanley's Q2 Macau property-level EBITDA estimate for MGM Resorts (MGM) falls to $121M vs. consensus of $141M, Wynn Resorts (WYNN) lowered to $200M vs. consensus of $210M, and Las Vegas Sands (LVS) drops to $521M vs. consensus of $549M.
News For MGM;WYNN;LVS From the Last 2 Days
LVS
Mar 18, 2024 | 10:15 EDT
Bearish flow noted in Las Vegas Sands with 3,077 puts trading, or 3x expected. Most active are 3/22 weekly 49.5 puts and 3/22 weekly 50 puts, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 3.42, while ATM IV is up nearly 2 points on the day. Earnings are expected on April 17th.