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...plunged to under $2 a share in March 2009. Although it has since risen 10-fold to $20 a share, it's still far below its peak. Wynn Resorts (WYNN) and Las Vegas Sands have seen the biggest gains, with their stocks rising 296% and 842% respectively in the past 52 weeks. But their gains were driven largely by their exposure to the lucrative Macau market, where gaming has been on fire. Indeed, gaming revenue totaled $15 billion in Macau in 2009, which is three times Las Vegas' $5 billion, according to Brashear, and both Wynn and LVS relied...
Companies with big holdings in Sin City will likely see an earlier and faster rally than those that focus on regional markets, analysts say. There have already been signs of improvement in Las Vegas, where traffic has increased in the past four months, although gaming revenue remains flat, says Bill Lerner, chief executive of research group Union Gaming Group. Also, some companies like MGM Mirage (MGM) who were buried under a mountain of debt and teetering on bankruptcy a year ago have managed to restructure their debt issues and are no longer on analysts' bankruptcy watch lists...
...vice-chair Stephen G. Anastos Jr. ’11 declined to comment on whether there will be a second performer at Yardfest; for the past two years, the event featured two acts...
...years past, we received criticism for getting washed-up artists, but Cudi’s up-and-coming,” he added...
McIntyre had worked with other Harvard students in the past and, according to Aune, he was so impressed by their intelligence and professionalism that he took some time from running his own company, The Trey McIntyre Project, to create a brand-new piece for Moore and her partner in the duet, Kevin Shee...