VanEck Vectors Gaming ETF

Most Recent

  • 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
  • uploads///LBO
    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
  • uploads///Part
    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
  • corruption indexjpgautocompresscformatandixlibphp
    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
  • uploads///Part
    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
  • uploads///Baccarat
    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
  • uploads///Part
    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
  • uploads///Part
    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
  • uploads///Part
    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
  • uploads///Part
    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
  • uploads///Part
    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
  • uploads///Part
    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
  • uploads///Part
    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
  • uploads///Part
    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
  • uploads///Part
    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
  • uploads///Part
    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
  • uploads///Part
    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
  • uploads///Part
    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
  • uploads///Part
    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
  • uploads///Part
    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
  • uploads///Part
    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
  • uploads///Part
    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
  • uploads///Part
    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
  • uploads///Part
    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
  • uploads///Part
    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
  • uploads///Part
    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
  • uploads///Part
    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
  • uploads///Part
    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
  • uploads///Part
    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
  • uploads///Part
    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
  • uploads///Part
    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
  • uploads///Part
    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
  • uploads///Part
    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
  • uploads///Part
    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
  • uploads///Part
    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
  • uploads///Part
    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
  • uploads///Part
    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
  • uploads///China GDP
    Macroeconomic Analysis

    How China’s Weakening Economy Could Hurt Macao Casinos

    The Macao region relies heavily on the Chinese mainland, as it garners the huge majority (about 67%) of its visitors and VIP gamers from China and its neighboring countries.

    By Ally Schmidt
  • uploads///Part
    Company & Industry Overviews

    Liquidity analysis for Pinnacle Entertainment

    The current ratio for Pinnacle Entertainment (PNK) had declined severely to 0.7 as of September 30, 2014, from 2.9 as of December 31, 2012.

    By Shawn Bolton
  • uploads///Part
    Earnings Report

    Key financials for Pinnacle Entertainment

    Wall Street analysts expect Pinnacle Entertainment’s adjusted net profit for 2015E to be about $92 million with a growth rate of 34.9%.

    By Shawn Bolton
  • uploads///Part
    Company & Industry Overviews

    Pinnacle Entertainment’s cost structure

    Pinnacle Entertainment (PNK) incurs direct costs in gaming, food and beverage, lodging, retail, entertainment, and other areas.

    By Shawn Bolton
  • Consumer

    Why Caesars Entertainment shut down its Atlantic City casino

    Recently, Caesars Entertainment (CZR) closed down its profitable Atlantic City casino Showboat, which had operated for 27 years.

    By Shawn Bolton
  • Consumer

    Must-know: Caesars’ performance since its memorable IPO

    Caesars Entertainment’s first trade day was one of the best initial public offering performances in the history of the U.S. stock market.

    By Shawn Bolton
  • Consumer

    Why the casino industry has huge growth potential

    The development of gaming entertainment can create tens of thousands of jobs. It can generate substantial amounts of tax revenue. Gaming can attract massive amounts of foreign investment. It can also create tourist destinations. The market is expected to grow in the future.

    By Shawn Bolton
  • uploads///Casino_tax
    Consumer

    Why governments want to encourage and legalize casino operators

    Casino tourism revenues can provide major benefits for cities and entire countries. As a result, governments want to encourage and attract casinos. The potential for tax revenues is one of the main drivers behind the growth in the casino industry. National and state governments worldwide are more willing to legalize and license online gaming operators.

    By Shawn Bolton
    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.