Vegas Strip Revenue Plunges 16.3% In June

With revenue in the world’s largest gaming destination, Macau, China, recently falling to its lowest level since November 2010, casino investors have been looking to the state of Nevada for some much-needed good news this year. The state’s Gaming Control Board recently released its report on gaming revenue for the month of June. Here’s a…

Bank Of America Upgrades Boyd Gaming

Following the company’s impressive Q2 earnings report, Bank of America has upgraded U.S. regional casino operator Boyd Gaming Corporation BYD 0.36% from Underperform to Neutral. In a new report, analyst Shaun Kelley explained why the firm now sees stability returning to Boyd’s business.

Is More M&A On The Way For Large-Cap Biotechs?

Following the recently-announced Teva Pharmaceutical TEVA 2.55% buyout of Allergan Plc AGN 2.7%, RBC Capital Markets analyst Michael Yee released a report discussing the potential for large-cap biotech companies to become buyout targets for specialty pharmaceutical companies. According to Yee, no such deal would even be feasible until “well into 2016.”