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Shawn Bolton

Disclosure: I am in full compliance with all ethics and other policies for Market Realist research analysts. I am not invested in securities that I cover on Market Realist.

More From Shawn Bolton

  • Must-know: A breakdown of Las Vegas Sands’ revenue
    Consumer

    Must-know: A breakdown of Las Vegas Sands’ revenue

    Las Vegas Sands (LVS) earns revenue through casinos, hotels, food and beverages, and convention or retail operations. The company’s main revenue driver is casino revenue. It’s generated from slot machines and table games. Casino revenue represents ~79% of the total revenues.

    By Shawn Bolton
  • Must-know: Important performance metrics for casino resorts
    Consumer

    Must-know: Important performance metrics for casino resorts

    The occupancy rate is very important for casino resorts. The occupancy rate shows the relationship between the number of occupied rooms and the total number of rooms.

    By Shawn Bolton
  • Must-know: The most popular casino games
    Consumer

    Must-know: The most popular casino games

    Casinos’ popularity is growing. This suggests that people like to gamble occasionally. Unfortunately, they don’t always win. For most of the people, the real fun is playing the game—not necessarily winning.

    By Shawn Bolton
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    Consumer

    Why Caesars Entertainment has a massive $24 billion debt

    Texas Pacific Group and Apollo Management took Harrah’s Entertainment, now Caesars Entertainment, private in a leveraged buyout deal valued at $30.7 billion in 2008.

    By Shawn Bolton
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    Company & Industry Overviews

    Why Pinnacle’s leverage ratio could be a concern for investors

    Pinnacle Entertainment (PNK) has a massive debt-to-equity ratio of 15.4. This indicates that PNK is very aggressive in financing its operations with debt.

    By Shawn Bolton
  • Consumer

    Must-know: MGM’s relative share price performance

    Share prices for most of the gambling stocks declined significantly over the last three months. MGM Resorts (MGM) declined 14.9%.

    By Shawn Bolton
  • Consumer

    Must-know: Money laundering and terrorist financing in casinos

    The money laundering process takes place in three phases—Placement, Layering, and Integration. Casino regulators make sure that gaming is conducted honestly. They approve the game rules.

    By Shawn Bolton
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    Consumer

    Why China’s anti-corruption campaign hurts Macau

    Xi Jinping—the Chinese President and General Secretary of the Communist Party—recently launched an unprecedented anti-corruption campaign. This campaign investigated and prosecuted hundreds of officials across the nation.

    By Shawn Bolton
  • Consumer

    Why the US online gambling industry could be $5.2 billion by 2020

    Morgan Stanley expects that exponential growth in the U.S. online gaming market could happen through interstate online poker and wide-area progressive slots.

    By Shawn Bolton
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    Consumer

    Key Indicators And Recent Trends In The Casino Industry

    Casino gambling is spread across major destinations around the world. Casinos, at major destinations, are being influenced by certain factors. This is hampering industry growth.

    By Shawn Bolton
  • Consumer

    Must-know: Key performance metric tracked by Las Vegas Sands

    Adjusted property EBITDA shouldn’t be regarded as an alternative to looking at income from operations, which indicates operating performance. Nor is it an alternative to looking at cash flow from operations, which measures liquidity.

    By Shawn Bolton
  • Consumer

    Why investors should watch casino industry indicators and trends

    Casino gaming is a business that’s spread across the world. Major casino destinations include Las Vegas, Macau, and Singapore. There are regional venues across all the continents.

    By Shawn Bolton
  • Consumer

    Must-know Wall Street ratings on Las Vegas Sands

    Two analysts rated the stock as neutral or hold, and six assigned a buy or overweight rating to the stock. The company’s consensus rating is buy. And its consensus mean price target is ~$71.

    By Shawn Bolton
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    Consumer

    Why investors should learn about MGM’s top shareholders

    As an investor, you should know whether or not MGM’s (MGM) management is committed to its future. Management shows its commitment by owning shares.

    By Shawn Bolton
  • Consumer

    Why MGM’s liquidity could be a concern for investors

    Liquidity ratios determine a company’s ability to meet its short-term obligations. A company’s liquidity position can be measured by using the current ratio or the quick ratio.

    By Shawn Bolton
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    Consumer

    Why Baccarat gambling provides revenue for the Las Vegas Strip

    The casinos in the Las Vegas Strip clearly benefit from high-end Baccarat play. Over the last four years, Baccarat revenue ranged from 43.5% of table games revenue in 2011 to 48.2% in 2013.

    By Shawn Bolton
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    Earnings Report

    Why Marriott is Buying Back Its Own Shares

    Marriott repurchased 7.7 million shares of common stock valued at $544 million in 4Q14 and 24 million shares for $1.5 billion in 2014.

    By Shawn Bolton
  • Consumer

    Why MGM’s share price isn’t as volatile as its peers

    MGM derives 34% of its revenues, respectively, from Macau. Since MGM has comparatively less exposure to Macau, its share price hasn’t been volatile.

    By Shawn Bolton
  • Consumer

    Why Las Vegas Sands is committed to creating shareholder value

    Las Vegas Sands paid a recurring quarterly dividend of $401.2 million, or $0.50 per common share during Q3 2014, up 42.9% year-over-year.

    By Shawn Bolton
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    Earnings Report

    MGM’s earnings plunged, but domestic operations set a record

    MGM derives one-third of its revenue from China. It witnessed a significant decline in revenue and earnings due to a lack of VIP participation.

    By Shawn Bolton
  • Consumer

    Las Vegas Sands’ solid performance in hotel segment

    RevPAR is the most important of all the performance metrics used in the hotel industry. It captures both room rates and occupancy levels, giving information about how well a company fills its rooms, and how much it’s able to charge.

    By Shawn Bolton
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    Macroeconomic Analysis

    Macau’s inflation rate falls again

    When inflation decreases, consumers have greater purchasing power and a higher spending capacity. This is a positive sign for casino resort companies.

    By Shawn Bolton
  • Consumer

    Why investors should look at MGM’s operating segments

    Currently, MGM operates 15 wholly-owned resorts in the U.S. MGM China’s operations include MGM Macau and the development of MGM Cotai.

    By Shawn Bolton
  • Consumer

    Why MGM Resorts generates its revenues from two segments

    MGM Resorts (MGM) is a global hospitality and entertainment company. MGM develops, builds, and operates destination resorts. MGM was founded in 1986.

    By Shawn Bolton
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    Consumer

    Why capital expenditures are important for MGM Resorts

    Capital expenditure is obtained to buy fixed assets or add to the value of an existing fixed asset. MGM’s senior credit facility limits the its capital expenditures to $500 million per fiscal year.

    By Shawn Bolton
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    Consumer

    Scientific Games Merger Expected To Yield Cost Synergies

    Scientific Games expects to achieve ~$220 million in cost synergies and $25 million in capital expenditure savings by consolidating operations.

    By Shawn Bolton
  • Consumer

    Why Chinese gamblers influence Macau casinos

    Growth in visitors from mainland China remained at 13% in August 2014 on a year-over-year (or YoY) basis. Macau’s monthly visitors surged over three million in August 2014.

    By Shawn Bolton
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    Company & Industry Overviews

    Profitability analysis of Pinnacle Entertainment

    Pinnacle Entertainment’s compounded annual growth rate of adjusted property EBITDA over a three-year period ending on December 31, 2013, stood at 20.2%.

    By Shawn Bolton
  • Consumer

    Must-know: Caesars Entertainment’s recent 2Q14 results outlook

    Caesars Entertainment reported a Q2 loss of $466.4 million, or $3.24 a share, as compared to last year’s Q2 loss of $212.2 million, or $1.69 a share.

    By Shawn Bolton
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    Consumer

    Must-know: An overview of MGM Resorts

    MGM Resorts (MGM) was founded in 1986. MGM is based in Nevada. It’s one of the leading global hospitality and entertainment companies.

    By Shawn Bolton
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    Consumer

    Overview of Caesars Entertainment and its complicated past

    Caesars Entertainment has 51 casinos in 13 U.S. states and five countries. 38 are in the U.S. and primarily consist of land-based and riverboat casinos.

    By Shawn Bolton
  • Consumer

    Las Vegas Sands’ major sources of revenue

    Tables contribute only 6% to the total number of slot machines and tables combined in the U.S. Clearly, table games are more popular in Asia than in the U.S.

    By Shawn Bolton
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    Consumer

    What is Pinnacle Entertainment’s forward valuation?

    As of November 28, 2014, Pinnacle Entertainment’s one year forward EV/EBITDA stood at 9.2x compared to its peer group average of 7.6x.

    By Shawn Bolton
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    Consumer

    Why Caesars Entertainment’s stockholders’ equity is negative

    Caesars Entertainment’s (CZR) stockholders equity is negative, according to its latest balance sheet. Stockholder equity consists of capital contributed and retained earnings.

    By Shawn Bolton
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    Consumer

    Melco Crown is positioned to exploit mass market growth in Macau

    Melco Crown Entertainment’s mass market table games segment is still the major driver in Macau. In 2014, Macau’s visitation increased by 7.5% YoY.

    By Shawn Bolton
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    Fund Managers

    Institutional investors dominate at Pinnacle Entertainment

    Pinnacle Entertainment (PNK) has approximately 59.2 million outstanding shares, with free float of 57 million shares. Institutional investors hold around 122% of the float.

    By Shawn Bolton
  • Consumer

    Must-know: Las Vegas Sands’ future prospects

    Japan is thinking about opening its market to casinos in the near future. Legalizing casinos in Japan is a long-term catalyst for the casino industry. Las Vegas Sands (LVS) has a huge potential for growth in Japan. The growth in Japan could be as big as the growth in Macao.

    By Shawn Bolton
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    Consumer

    Macau Casinos May Struggle In Early 2015

    Macau’s gaming slowdown may continue into 2015. It’s due to a lack of new resorts. Macau’s casino gambling revenue is expected to keep declining until mid-2015.

    By Shawn Bolton
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    Consumer

    Casinos May Look To Expand Non-Gaming In 2015

    Casino operators may want to add more non-gaming amenities in 2015. This will strengthen customer spending after a year of slow casino revenues.

    By Shawn Bolton
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    Consumer

    Casino REITs Are Becoming Popular In The US

    US casino operators are considering REIT spin-offs to achieve higher valuations. Real estate is a main income source. REITs distribute at least 90% of their taxable earnings to shareholders.

    By Shawn Bolton
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    Consumer

    Online Gambing Generated Over $100 Million In New Jersey

    New Jersey allows gambling on casino games and poker. Currently, it dominates the market. It has ~90% of total US online gaming revenue.

    By Shawn Bolton
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    Consumer

    Caesars Entertainment’s New Corporate Structure and Governance

    On December 22, 2014, CZR and Caesars Acquisition Company (CACQ) entered into a definitive agreement to merge in an all-stock transaction.

    By Shawn Bolton
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    Consumer

    A Quick Guide To The Bifurcation Of Caesars’s Operating Leases

    The initial term of each lease will be for 15 years with four five-year renewals. CZR will guarantee payments and performance of the OpCo’s obligations.

    By Shawn Bolton
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    Consumer

    Scientific Games: Strategic Acquisition of Bally Technologies

    In its merger agreement with Bally Technologies, Scientific Games agreed to acquire all outstanding Bally common stock for $83.3 cash per share.

    By Shawn Bolton
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    Consumer

    Consolidated Scientific Games: A Stronger Management Team

    The executive management team of SGMS includes President and CEO Gavin Isaacs and Executive Vice President and CFO Scott Schweinfurth.

    By Shawn Bolton
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    Consumer

    Revenue breakdown for Pinnacle Entertainment

    Pinnacle Entertainment’s gaming revenues represented 89% of total revenues generated by the company for the trailing twelve months ending September 30, 2014.

    By Shawn Bolton
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    Consumer

    Pinnacle Entertainment’s use of capital

    Capital employment Casino companies fund their acquisitions with a significant amount of debt capital. ROIC (return on invested capital) is an important metric that shows how effectively a company makes use of its capital. To calculate ROIC, divide EBIT (earnings before interest and tax) by the employed capital. A higher ratio denotes that more profit […]

    By Shawn Bolton
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    Consumer

    Las Vegas Sands’ adjusted property earnings double in Singapore

    Las Vegas Sands’ adjusted property EBITDA at Marina Bay Sands in Singapore doubled, reaching a property record of $518.5 million, up ~100% year-over-year.

    By Shawn Bolton
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    Consumer

    Wynn Resorts: A leading operator of destination casino resorts

    Wynn Resorts (WYNN) operates Wynn Macau and Wynn Las Vegas, with casino hotel resorts in Macau, China, and Las Vegas, Nevada.

    By Shawn Bolton
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    Consumer

    VIPs are cautious as Wynn Resorts’ table games win suffers

    WYNN’s VIP table games drop in 4Q14 was $20.7 billion, 39.9% lower than 4Q13. Drop is cash and net markers issued and deposited in a gaming table drop box.

    By Shawn Bolton
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    Consumer

    Wynn Resorts’ EBITDA takes its biggest nosedive since 2009

    WYNN’s adjusted property EBITDA fell a whopping 29.3% year-over-year to $352 million, the biggest year-over-year fall since the second quarter of 2009.

    By Shawn Bolton
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    Consumer

    Hotel occupancy is way up at Wynn Macau and Wynn Las Vegas

    WYNN’s hotel occupancy increased at Macau and Las Vegas in 4Q14. Macau had 98.6% and Las Vegas had 82.1% compared to 96.7% and 80.8%, respectively, in 4Q13.

    By Shawn Bolton
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    Consumer

    Melco Crown Entertainment’s operations are focused on Asia

    Established in 2004, Melco Crown Entertainment (MPEL) owns, develops, and operates casino gaming and entertainment resort facilities. It’s focused on Asia.

    By Shawn Bolton
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    Consumer

    Melco Crown Entertainment’s 4Q14 revenue decreased

    For the full year ending December 31, 2014, Melco Crown Entertainment reported net revenue of $4.8 billion—down 5.9% YoY.

    By Shawn Bolton
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    Consumer

    Why Melco Crown’s rolling chip volume decreased in 4Q14

    Rolling chip volume refers to the amount of non-negotiable chips wagered and lost by the rolling chip market segment. It’s largely represented by VIP players.

    By Shawn Bolton
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    Consumer

    Wynn’s share price drops immediately post 4Q14 results

    Wynn Resorts’ (WYNN) share price plummeted 6.1% immediately after its 4Q14 results. However, the share price should gain momentum once new resorts are open.

    By Shawn Bolton
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    Consumer

    Why The Casino Business Is Affected By Inflation

    When inflation is low, consumers have greater purchasing power. They have a higher spending capacity. Greater purchasing power is a positive sign for casino resort companies.

    By Shawn Bolton
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    Consumer

    Wynn Resorts: A revenue breakdown

    Wynn Resorts (WYNN) earns its revenues through casinos, hotels, food and beverages, and entertainment and retail operations.

    By Shawn Bolton
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    Consumer

    Recent developments for Wynn Resorts

    Wynn Resorts (WYNN) is currently constructing Wynn Palace, a fully integrated resort in the Cotai area of Macau.

    By Shawn Bolton
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    Consumer

    Wynn Resorts’ liquidity position improves

    Wynn Resorts’ strength in meeting its short-term obligations has improved. The increase was mainly attributable to a decrease in accounts payable and gaming taxes payable and an increase in cash and cash equivalents during the nine months ended September 30, 2014.

    By Shawn Bolton
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    Consumer

    Wynn Resorts’ management team brings a lot of experience

    Wynn Resorts’ strong management Strong management is the backbone of a successful organization. Wynn Resorts’ (WYNN) senior executive team has an average of more than 25 years of experience in the hotel and gaming industries. Wynn Resorts is  part of an exchange-traded fund (or ETF) like the Consumer Discretionary Select Sector Standard and Poors depositary […]

    By Shawn Bolton
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    Consumer

    Caesars plans to restructure its largest operating unit as a REIT

    REITs generate income by collecting rent and pay out at least 90% of taxable income in the form of dividends to shareholders. By converting CEOC into a REIT, the beneficial holders of CEOC’s senior secured credit facilities would receive a 100% recovery in cash and debt.

    By Shawn Bolton
  • Consumer

    An overview: Wynn Resorts and its business segments

    Wynn Resorts (WYNN) is a leading developer, owner, and operator of destination casino resorts.

    By Shawn Bolton
  • Consumer

    Wynn Resorts’ VIP gaming fails to deliver

    Wynn Resorts’ (WYNN) VIP table gaming’s drop in 3Q14 was 17.4% lower than the same quarter in 2013. The Macau VIP gaming revenues have been negatively impacted by the ongoing anti-corruption campaign in China.

    By Shawn Bolton
  • Consumer

    Mass market segment outperforms at Wynn Resort’s Macau operation

    Mass market table wins increased due to a shift of gaming tables from the VIP to the mass market.

    By Shawn Bolton
  • Real Estate

    An overview of Penn National Gaming’s diverse holdings

    PENN’s operated facilities feature ~31,000 gaming machines, 760 table games, and 3,100 hotel rooms. PENN owns and operates gaming and racing facilities with a focus on slot machines.

    By Shawn Bolton
  • Consumer

    Must-know: Penn National Gaming’s performance metrics

    Performance metric Penn National Gaming, Inc. (PENN) defines adjusted EBITDA as earnings before interest, taxes, stock compensation, debt-extinguishment charges, impairment charges, insurance recoveries and deductible charges, depreciation and amortization, gain or loss on disposal of assets, and other income or expenses. Adjusted EBITDAR is adjusted EBITDA excluding rent expenses such as those associated with PENN’s […]

    By Shawn Bolton
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    Consumer

    Acquisitions Help Casinos Grow Inorganically

    Scientific Games agreed to buy WMS Industries for $1.5 billion, emerging as a global supplier of lottery equipment and slot machines to casinos.

    By Shawn Bolton
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    Consumer

    Melco Crown Burdened With Heavy Gaming Taxes

    MPEL’s room expenses comprise ~1% of its direct costs, mainly representing the costs in operating its hotel facilities at Altira Macau and City of Dreams.

    By Shawn Bolton
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    Consumer

    Why Melco Crown Is Profitable In The Casino Space

    MPEL derives ~94% of revenues from casino operations. Its casino business gross margin is 50% for the trailing 12-month period ending September 30, 2014.

    By Shawn Bolton
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    Consumer

    Cost of Equity Deteriorating Melco’s WACC

    Melco Crown Entertainment’s ROIC has been lower than its weighted average cost of capital for most of the last three years.

    By Shawn Bolton
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    Consumer

    A Business Overview Of Melco Crown Entertainment

    Melco Crown Entertainment has two casino-based operations—City of Dreams and Altira Macau—and noncasino-based operations at its Mocha Clubs.

    By Shawn Bolton
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    Consumer

    Must-Know: Melco Crown’s Major Shareholders

    Members of management owning shares of their company shows confidence in the firm’s direction and outlook.

    By Shawn Bolton
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    Consumer

    Melco Share Price Drops, But Outperforms In The Long Run

    Price performance Let’s explore the five-year share price performance of Melco Crown Entertainment (MPEL) relative to its peers, as well as the broader market that includes SPDR S&P 500 ETF (SPY). Share prices of gambling stocks collapsed heavily over the last three to six months. This drop largely resulted from the Chinese government’s crackdown on corrupt officials, which negatively […]

    By Shawn Bolton
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    Financials

    Wall Street Analysts’ Outlook Positive For Melco Crown

    Morgan Stanley upgraded MPEL shares to an overweight rating in a research note issued to investors on January 5, 2015, with a revised target price of $28.

    By Shawn Bolton
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    Consumer

    Six Flags Entertainment: An overview of the largest theme park

    Six Flags Entertainment Corp. (SIX) is the world’s largest regional theme park company with $1.1 billion in revenue and 18 parks across North America.

    By Shawn Bolton
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    Consumer

    Why Six Flags’ operating cash flows are prone to fluctuation

    Six Flags Entertainment’s (SIX) operating cash flows are largely driven by attendance and per capita spending levels.

    By Shawn Bolton
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    Consumer

    Must-know: How Six Flags generates its revenues

    Six Flags derived 55% of its revenues from theme park admissions for the last 12 months ended September 30, 2014.

    By Shawn Bolton
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    Consumer

    Must-know: A look into Six Flags’ debt-to-equity ratio

    Industry debt-to-equity ratio is about 5.5. Six Flags’ debt-to-equity ratio of 4.0 shows the company aggressively finances operations with debt capital.

    By Shawn Bolton
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    Consumer

    Share price performance for Six Flags since bankruptcy recovery

    Six Flags’ share price on May 10, 2010, reflects $7.36 per share, the price of new common stock upon the company’s emergence from bankruptcy.

    By Shawn Bolton
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    Consumer

    A brief overview of Six Flags’ management

    Six Flags’ management plays a vital role in shaping the company and leading it in the desired direction. This article reviews three management positions.

    By Shawn Bolton
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    Consumer

    Why Casinos Rely On Disposable Income

    On a year-over-year basis, real disposable income increased 2.9%. More disposable income boosts consumer buying power.

    By Shawn Bolton
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    Consumer

    Why China’s Disposable Income Could Drive Leisure Demand

    China’s disposable income per capita remained almost flat at 6,800 Chinese yen on a YoY basis for the three months ending in December 2014.

    By Shawn Bolton
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    Consumer

    An important overview of Las Vegas Sands, a casino company giant

    An overview of Las Vegas Sands (LVS) shows that the company currently owns 70.1% of Sands China Ltd., which operates LVS’s four Macao properties.

    By Shawn Bolton
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    Consumer

    Why the US casino market performed well

    Today, a number of US-based casino companies have operations in foreign markets—like Macau. Also, they’re developing new properties in Macau.

    By Shawn Bolton
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    Earnings Report

    Analyzing Starwood’s Asset-Light Strategy

    In 2006, Starwood’s management embarked on an asset-light strategy. It decided to sell a significant portion of Starwood’s owned hotel portfolio.

    By Shawn Bolton
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    Earnings Report

    Starwood’s Vacation Ownership Business Spin-Off

    On February 10, 2015, Starwood Hotels and Resorts announced plans to spin off its vacation ownership business into a separate publicly traded company.

    By Shawn Bolton
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    Earnings Report

    What Are Starwood’s Revenue Sources?

    The revenue from owned, leased, and consolidated joint ventures is primarily derived from hotel operations. This includes room rentals and food and beverage sales.

    By Shawn Bolton
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    Earnings Report

    Why Marriott’s Revenue Increased in 2014

    Marriott’s revenues totaled nearly $3.6 billion in the fourth quarter of 2014, compared to $3.2 billion in the fourth quarter of 2013.

    By Shawn Bolton
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    Macroeconomic Analysis

    Why Macau’s gambling revenue per visitor increased

    Macau’s average gaming revenue per visitor is ~$1,200–$1800, roughly 8–10 times higher than the Las Vegas Strip’s average gaming revenue per visitor.

    By Shawn Bolton
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    Earnings Report

    MGM’s share price has huge upside potential

    MGM’s share price hasn’t been impacted much by the anti-corruption campaign in China. The campaign took a toll in 3Q14. Its business has ~33% exposure in Macau.

    By Shawn Bolton
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    Earnings Report

    Hilton’s revenue was driven by occupancy and room pricing

    Hilton Worldwide (HLT) generates revenue from its hotel operations. Hilton’s system-wide occupancy increased 2.3% YoY to 71% in 4Q14.

    By Shawn Bolton
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    Earnings Report

    Why did Hilton’s revenue increase in 2014?

    Hilton’s 4Q14 revenue increased 7% YoY to $2,828 million. For 2014, its revenue increased by 10.5 billion, or 7.9%—compared to 2013.

    By Shawn Bolton
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    Macroeconomic Analysis

    US unemployment rate hits six-year low, another plus for leisure

    The US unemployment rate increased slightly in January to 5.7% compared to 5.6% in December. The number of new jobs in January was expected to be 234,000.

    By Shawn Bolton
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    Macroeconomic Analysis

    US consumer sentiment hits 11-year high, good for casinos

    The US consumer sentiment index was 98.1 in January, up from 93.6 in December. This is an 11-year high, the highest on a final basis since January 2004.

    By Shawn Bolton
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    Macroeconomic Analysis

    Disposable income increases, drives demand for leisure

    Real disposable income increased 3.7% year-over-year. This boosts consumer buying power and means consumer spending in leisure activities may increase.

    By Shawn Bolton
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    Macroeconomic Analysis

    Why Macau’s gambling revenue halved in February 2015

    Macau’s restriction on using China UnionPay debit cards at casinos to curb illegal money flow could be a factor in February’s drop in gambling revenues.

    By Shawn Bolton
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    Macroeconomic Analysis

    Las Vegas sees pricing improvements, visitor arrivals remain flat

    Revenue per available room (or RevPar) was $122.03 in January 2015, up 10.2% year-on-year. RevPAR increased on account of pricing improvements at the Strip.

    By Shawn Bolton
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    Earnings Report

    Why Cedar Fair’s revenue increased

    Cedar Fair’s revenue increased by 15.6% year-over-year to $160.8 million in the fourth quarter of 2014.

    By Shawn Bolton
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    Earnings Report

    Why Six Flags’ guest spending per capita improved

    Six Flags’ per capita guest spending increased $2.79, or 7%, to $42.97 in 2014, primarily due to improved admissions pricing and new offerings in the parks.

    By Shawn Bolton
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