Highest Level of Cash in the Casinos & Gaming Industry Detected in Shares of Las Vegas Sands (LVS, MGM, WYNN, PENN, SGMS)
Below are the top five cash rich companies in the Casinos & Gaming industry as ranked by Cash Equivalents (CE). Analysts use CE as a measure to compare the cash cushion of companies in the same industry.
Las Vegas Sands (NYSE:LVS) ranks first with CE of $4.96B; MGM Mirage (NYSE:MGM) ranks second with CE of $2.06B; and Wynn Resorts (NASDAQ:WYNN) ranks third with CE of $1.99B.
Penn National Gaming (NASDAQ:PENN) follows with a CE of $713.12M and Scientific Games (NASDAQ:SGMS) rounds out the top five with a CE of $260.13M.
SmarTrend is bullish on shares of LVS and our subscribers were alerted to Buy on November 11, 2009 at $17.51. The stock has risen 42% since the alert was issued.
UK Gaming Awards See’s Hot Competition
One of the UK’s largest gaming awards shows, the Bafta’s, has noted fierce competition between popular gaming titles in a bid to win the top spots. With 14 categories, the winners of which are chosen by industry insiders, Uncharted 2 managed to pick up a number of awards but lost out best game to Batman: Arkham Asylum.
Whilst leading the pack in the nomination field, and picking up best Action, Story and Character, Best use of Audio, and Best Original Score, Uncharted 2 ultimately lost the top award of the night to British developed title Batman: Arkham Asylum. Additionally winning the award for best gameplay, the title see’s Batman tackle a number of well know adversary’s within an asylum. Meanwhile Assassin’s Creed II, whilst nominated in seven of the categories walked away with nothing.
One of the UK’s largest gaming awards nights, the British Academy of Film and Television Arts is known for recognising “artistic, creative and technical innovation in video games,” and though giving awards to the gaming industry since 1998, became a separate games ceremony from that of the TV and film show in 2004. Whilst 14 awards are deliberated upon by industry insiders, the 15th is chosen by the public, this year awarding the best game to Call of Duty: Modern Warfare 2. Meanwhile the Bafta lifetime achievement Fellowship award went to the creator of Donkey Kong, Super Mario, and the Legend of Zelda, Shigeru Miyamoto.
http://www.newsintech.com/2010/03/uk-gaming-awards-see’s-hot-competition/1783
Maryland Senate considers legalizing card games
Under a measure that could win Senate approval early next week, voters statewide would be asked in November to authorize card games at Rosecroft Raceway in Fort Washington.
Sen. C. Anthony Muse (D-Prince George’s), the bill’s sponsor and an avowed gambling opponent, described the measure Friday as a “desperation move” to keep the track afloat.
Muse said hundreds of jobs could be lost by summer at the storied track, where live harness racing was suspended two years ago and simulcasts of thoroughbred races were cut off in May because of a contract dispute.
http://www.washingtonpost.com/wp-dyn/content/article/2010/03/19/AR2010031904606.html
2009 Los Angeles Auto Show
If the North American auto show season has an official kickoff party, the Los Angeles Auto Show is it. In addition to world debuts of the 2011 Cadillac CTS Coupe, 2011 Toyota Sienna and VW Up! Lite Concept, the 2009 LA Auto Show again played host to the Green Car of the Year announcement, which went to a diesel car for the second year in a row. The LA Auto Show is also a first chance to see and touch the cars unveiled around the world in the eight months since the New York Auto Show, which this year included jaw-droppers like the 2011 Lexus LFA and 2011 Mercedes-Benz SLS AMG.
