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Casino Stocks Lower As 2 Analysts Issue Bearish Comments
Tuesday, March 10, 2015 - 11:33am | 507Read More...Casino stocks on Tuesday traded lower as analysts from both Deutsche Bank and Credit Suisse issued bearish comments and a weak outlook for the industry. Shares of Melcro Crown Entertainment Ltd (NASDAQ: MPEL) and MGM Resorts International (NYSE: MGM) were trading lower by around 3 percent...
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Macau Casino Woes Prompt Deutsche Bank Downgrades, Price Target Cuts
Friday, August 22, 2014 - 11:30am | 298Read More...Slowing demand from gamblers in Macau and and intensifying competition for their yuan lead Deutsche Bank to downgrade leading players in the sector Friday while slashing targets across the board. Deutsche's Karen Tang also cited rising labor costs and longer times for approval required for...
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Deutsche Bank Sees VIP Risks And Lack Of Near-Term Catalysts For Macau
Monday, June 9, 2014 - 3:28pm | 247Read More...In a report published Monday, Deutsche Bank analyst Karen Tang cut 2014 gross gaming revenue (GGR) growth for Macau, downgraded casino operators and lowered price targets on VIP risks and lack of near-term catalysts. ”Disappointing” May GGR Tang was disappointed with May gross...
