Macau

Shares of Wynn Resorts, Limited (NASDAQ: WYNN) are surging following the company’s updated Q4 guidance suggesting in-line Macau EBITDA and better-than-expected Las Vegas revenue for the quarter. The Macau numbers are particularly encouraging and are already being seen by some analysts as a...

Shares of Wynn Resorts, Limited (NASDAQ: WYNN) are spiking more than 7.7 percent on an extremely weak day in the market after the company reported preliminary Q4 results that impressed the market. Credit Suisse analyst Joel Simkins sees Wynn’s numbers as a positive sign the Macau market...

It’s no secret that the disappearance of VIP gamblers has been the core issue dragging down Macau gaming revenue in the past couple of years ever since the government announced a crackdown on corruption. According to the president of the Association of Gaming and Entertainment Promoters...

Casino stocks, particularly those with a strong presence in Macau, continued trading lower early Thursday morning following a concerning report by The Wall Street Journal. Shares of MGM Resorts International (NYSE: MGM) were trading lower by more than 4 percent, while both Las Vegas Sands Corp. (...

According to data released by the Macao Gaming Inspection and Coordination Bureau, gaming revenue in the month of December came in at 18.3 billion patacas, about 21 percent lower than December 2014’s number. Shares of Melco Crown Entertainment Ltd (ADR) (NASDAQ: MPEL), Las Vegas Sands Corp. (...

It was a challenging year for the casino industry. Many casino operators were forced to slash costs and increase their operating efficiency. The industry had its peak of $45.1 billion in 2013. Since then, the casino industry's revenue has fell in 2015 to $22 billion year-to-date. The failed success...

According to data released by the Macao Gaming Inspection and Coordination Bureau, gaming revenue in the month of November came in at 16.4 billion patacas, about 32 percent lower than November 2014’s number. Shares of Melco Crown Entertainment Ltd (ADR) (NASDAQ: MPEL), Las Vegas Sands...

Credit Suisse believes that the Macau gaming environment will remain challenging in 2016. The firm does not believe that project delays are a negative for Macau operators. Credit Suisse sees a wave of junket consolidation providing near-term VIP gaming headwinds. In a new report, Credit Suisse...

According to data released by the Macao Gaming Inspection and Coordination Bureau, gaming revenue in the month of October came in at 20.0 billion patacas, about 28 percent lower than October 2014’s number. Shares of Melco Crown Entertainment Ltd (ADR) (NASDAQ: MPEL), Las Vegas Sands Corp...

The latest Vegas gaming revenue numbers show that downtown continues to outperform the strip. Strip revenue climbed 2.0 percent in September. Downtown revenue jumped 9.2 percent on the month. With revenue in the world’s largest gaming destination, Macau, China, continuing to decline, casino...

Strong Golden Week revenue numbers in Macau were followed by the weakest weekly numbers since 2010. With Studio City opening up this month, table allocation could soon be a concern for operators opening new resorts. Bernstein believes that stock selection remains critical when it comes to Macau...

After a strong start to the Golden Week holidays, Macau visitation numbers were hit hard by the arrival of Typhoon Mujigae. Prior to the typhoon’s landfall, Macau visitation numbers for October were 7.1 percent higher than last October’s numbers. Monthly gross gaming revenue in Macau...

Casino operators with exposure to Macau, such as Las Vegas Sands Corp. (NYSE: LVS) have seen their stocks plummet over the past year. Gross gaming revenue in Macau fell in September, marking the 16th straight month of declines. Bloomberg reported that China's government may move to...

Macau gaming revenue in September declined 33 percent year-over-year. News of potential junket embezzlement was a primary negative catalyst in September. Macau gaming stocks are trading slightly higher following the release of September revenue numbers. According to data released...

The latest Vegas gaming revenue numbers show that the strip is continuing to slide. Strip revenue declined 4.6 percent in August. Downtown revenue jumped 10.5 percent. With revenue in the world’s largest gaming destination, Macau, China, continuing to decline, casino investors have been...