• MGM Resorts sued over data breach that possibly involved 10.6 million guests
    Reuters

    MGM Resorts sued over data breach that possibly involved 10.6 million guests

    The lawsuit was filed by law firm Morgan & Morgan, whose lawyer John Yanchunis has also represented some Yahoo users in a breach of 3 billion accounts between 2013 and 2016. MGM Resorts said on Thursday that last summer it "discovered unauthorized access to a cloud server that contained a limited amount of information for certain previous guests". Technology website ZDNet reported that the personal details of more than 10.6 million guests who stayed at MGM Resorts hotels were published on a hacking forum this week.

  • U.S. SEC probes Altria's investment in Juul: source
    Reuters

    U.S. SEC probes Altria's investment in Juul: source

    The U.S. Securities and Exchange Commission is investigating whether the Marlboro maker adequately disclosed the risks to its shareholders when it spent $12.8 billion in 2018 for a 35% stake in the start-up, the Wall Street Journal reported earlier on Friday. The SEC has issued subpoenas to Juul and the e-cigarette maker has responded, according to the person familiar with the matter. Juul has turned over documents including correspondence with Altria and financial projections Juul shared with Altria before the deal, the person said.

  • Inside the Philip Morris campaign to 'normalize' a tobacco device
    Reuters

    Inside the Philip Morris campaign to 'normalize' a tobacco device

    Alongside the likes of Mercedes-Benz and Swiss watchmaker Chopard was a newer name: IQOS, a "reduced risk" heated-tobacco device sold by cigarette maker Philip Morris International Inc. Across Europe, Asia and South America, the tobacco firm has affixed the IQOS brand to music festivals and art exhibits. Throughout Europe, it has partnered with "IQOS friendly" bars and restaurants - closed to cigarettes but open to IQOS.

  • Company News for Feb 21, 2020
    Zacks

    Company News for Feb 21, 2020

    Companies In The News Are: IOTS, CYH, SAM, VMI

  • Boyd Gaming (BYD) Q4 Earnings & Revenues Beat Estimates
    Zacks

    Boyd Gaming (BYD) Q4 Earnings & Revenues Beat Estimates

    Boyd Gaming's (BYD) fourth-quarter 2019 earnings improve on the back of strong segmental performance.

  • Boyd Gaming (BYD) Tops Q4 Earnings and Revenue Estimates
    Zacks

    Boyd Gaming (BYD) Tops Q4 Earnings and Revenue Estimates

    Boyd (BYD) delivered earnings and revenue surprises of 6.38% and 0.96%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Boston Beer (SAM) Q4 Earnings Miss Estimates, Stock Down
    Zacks

    Boston Beer (SAM) Q4 Earnings Miss Estimates, Stock Down

    Boston Beer's (SAM) fourth-quarter 2019 earnings decline on lower gross margin, and higher advertising, promotional and selling costs despite strong revenues.

  • Zacks Earnings Trends Highlights: Apple, Starbucks, Wynn Resorts and Royal Caribbean
    Zacks

    Zacks Earnings Trends Highlights: Apple, Starbucks, Wynn Resorts and Royal Caribbean

    Zacks Earnings Trends Highlights: Apple, Starbucks, Wynn Resorts and Royal Caribbean

  • Boston Beer Company, Spirit AeroSystems, Apple, Starbucks and Carnival highlighted as Zacks Bull and Bear of the Day
    Zacks

    Boston Beer Company, Spirit AeroSystems, Apple, Starbucks and Carnival highlighted as Zacks Bull and Bear of the Day

    Boston Beer Company, Spirit AeroSystems, Apple, Starbucks and Carnival highlighted as Zacks Bull and Bear of the Day

  • Bull of the Day: Boston Beer Co (SAM)
    Zacks

    Bull of the Day: Boston Beer Co (SAM)

    Bull of the Day: Boston Beer Co (SAM)

  • 3 Reasons Why Growth Investors Shouldn't Overlook Boston Beer (SAM)
    Zacks

    3 Reasons Why Growth Investors Shouldn't Overlook Boston Beer (SAM)

    Boston Beer (SAM) possesses solid growth attributes, which could help it handily outperform the market.

  • Diageo to pay £3.84 million to settle SEC charges it concealed liquor overshipments
    Reuters

    Diageo to pay £3.84 million to settle SEC charges it concealed liquor overshipments

    The London-based company - whose brands include Johnnie Walker Scotch whisky, Smirnoff vodka, Tanqueray gin and Guinness beer - did not admit or deny wrongdoing, but agreed to cease and desist from further violations, the SEC said on Wednesday. According to the SEC, Diageo failed to publicly disclose how employees at its most profitable unit, Diageo North America, pushed distributors in its 2014 and 2015 fiscal years to buy more wine and spirits than they needed. The SEC said this "overshipping" enabled Diageo to report higher growth in operating profit and net sales than analysts expected, but was unsustainable because distributors would likely eventually push back on orders, and some did.

  • Should You Buy Boyd Gaming (BYD) Ahead of Earnings?
    Zacks

    Should You Buy Boyd Gaming (BYD) Ahead of Earnings?

    Boyd Gaming (BYD) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

  • Reuters

    Only masked punters: Macau casinos reopen after coronavirus suspension

    HONG KONG/MACAU Feb 19 (Reuters) - Casinos in Macau, the world's biggest gambling hub, reopen on Thursday after being closed for two weeks because of the coronavirus epidemic, but all punters and croupiers will have to wear a mask at the tables. Casino executives and residents say revenue will remain badly crimped in the Chinese territory's 41 casinos and the businesses dependent on them because of the health restrictions and strict entry regulations on tourists. Macau makes over 80 percent of its revenues from casinos but tourist visits have all but dried up.

  • Financial Times

    Diageo agrees $5m SEC fine over hidden sales

    Diageo has been fined $5m by the US securities regulator after “materially misleading” investors about demand for its drinks by concealing sales of unwanted stock to distributors. It said the maker of Johnnie Walker whisky, Smirnoff vodka and Tanqueray gin had pushed distributors — who act as middlemen in America’s “three-tier” system of alcohol sales — to accept excess inventory to help it meet sales targets. Diageo then failed to disclose the overstocks in its most profitable unit to investors, making its market filings “materially misleading to investors with respect to its financial results”, according to the SEC.

  • More winners than losers in Singapore’s Budget war on virus
    Bloomberg

    More winners than losers in Singapore’s Budget war on virus

    Singapore pledged billions of dollars in its budget to counter the economic fallout from the coronavirus outbreak, before elections due by next year.

  • Microsoft, Tailored Brands, Everi, MGM Resorts International and Churchill Downs highlighted as Zacks Bull and Bear of the Day
    Zacks

    Microsoft, Tailored Brands, Everi, MGM Resorts International and Churchill Downs highlighted as Zacks Bull and Bear of the Day

    Microsoft, Tailored Brands, Everi, MGM Resorts International and Churchill Downs highlighted as Zacks Bull and Bear of the Day

  • Boston Beer (SAM) to Report Q4 Earnings: What's in Store?
    Zacks

    Boston Beer (SAM) to Report Q4 Earnings: What's in Store?

    Boston Beer's (SAM) Q4 results are likely to reflect gains from depletions growth, rising shipment volumes and brand innovation. Momentum in Truly hard seltzer is likely to have aided depletions.

  • Canopy Growth surges 15% on shrinking losses, CEO says acquisitions won't be an emphasis moving forward
    Yahoo Finance

    Canopy Growth surges 15% on shrinking losses, CEO says acquisitions won't be an emphasis moving forward

    Canopy Growth's new CEO David Klein delivered first quarter results that topped expectations across the board as shares popped 15%.

  • MGM Resorts-led consortium named as lead bidder for Osaka casino project
    Reuters

    MGM Resorts-led consortium named as lead bidder for Osaka casino project

    A consortium led by U.S. entertainment giant MGM Resorts International has been named as the lead bidder for an integrated casino complex in Osaka, the local government said on Friday. Japan is planning to approve the construction of several integrated resorts - Las Vegas-style complexes that include casinos, shopping arcades and conference centres - to boost tourism after the Tokyo Olympics end in August. The government has authorised licences for three resorts and is expected to receive official bids next year from regions vying to build the facilities, potentially including Japan's three largest cities, Tokyo, Yokohama and Osaka.

  • Philip Morris' campaign to "normalize" IQOS
    Reuters Videos

    Philip Morris' campaign to "normalize" IQOS

    Alongside fashionable brand names like Mercedes-Benz and Chopard on the red carpet backdrop at Germany's Bambi Awards last year: IQOS. That's Philips Morris' alternative cigarette that heats up but doesn't burn ground-up tobacco. A study by tobacco researchers at Stanford University says such promotions are part of the company's "normalization" strategy. That strategy, it says, aims to scrub the company's image as a maker of cigarettes that cause cancer ... and market its smoking alternatives as youthful, upscale lifestyle products. The Stanford professor who led the study says Philip Morris is trying to resurrect the glory era of smoking by associating IQOS with a glamorous and stylish lifestyle. Last year, a Reuters investigation found that Philip Morris had used young online personalities to promote IQOS. That prompted the company to admit that it had violated its own policy that prohibits it from using youth-oriented celebrities or models who are or appear to be under 25. But the Stanford study says IQOS marketing continues to substantially stray from those corporate standards by using youth-oriented social media channels, trendy pop music festivals and celebrity influencers. In Israel, the brand was present at a Tel Aviv University student music festival last year where the minimum age for admission was 16. Philip Morris partners with Altria to sell IQOS in about 50 countries including the U.S. They've pledged to regulators that they would market it only to adult smokers. But in other countries, the Stanford study says the company uses what it calls "coaches" and "ambassadors" to market IQOS. In Romania and Russia, THAT MEANS RECRUITING ATTRACTIVE WOMEN AS YOUNG AS 19 TO MARKET THE DEVICE, ACCORDING TO JOB LISTINGS REVIEWED BY REUTERS. Philip Morris did not respond to questions about its business relationships with the establishments that promote the device and display its branding.