Macau

Shares of MGM Resorts International (NYSE: MGM) lost nearly 18 percent year-to-date and 20 percent from a year ago. MGM's CEO Jim Murren said during the Global Gaming Expo that his company is "doing better." Investors and traders aren't showing much faith in the...

Channel checks in Macau indicate a 32 percent yearly decline in September gaming revenue. The recent criminal charges involving Dore Entertainment could result in more regulation of junket operators. Wynn Resorts, Limited (NASDAQ: WYNN), MGM Resorts International (NYSE: MGM) and Melco Crown...

Telsey Advisory Group recently initiated coverage of casino stocks and released a new report discussing the current state of the industry. Analyst David Katz sees a major divergence in the casino business these days, and believes that investors should make sure to be on the winning side of the...

Macau's gross gaming revenue (GGR) fell 36 percent year-over-year in August to MOP 18.6 billion, marking the fifteenth straight monthly decline and prompting Chad Beynon, Macquarie Capital's gaming analyst, to state that it is "too early to call the bottom." Some Numbers Beynon continued by...

Investors woke up on Tuesday to a surprise move in China as the country's central bank, The People's Bank of China, devalued the nation's currency to jolt its lagging economy. The central bank stated it will implement measures that will allow the yuan to weaken by nearly 2 percent....

Shares of Macau casino operators are mixed in early trading on Monday following the release of Macau’s gross gaming revenue (GGR) numbers for the month of July. The July numbers came in slightly better than Macau officials had expected, but still represented a year-over-year decline of 34...

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...

Shares of the four U.S.-listed Macau casino operators are surging on Monday following a report by Macau Business that the Chinese government may be planning to scale back its current plans to ban smoking in rooms on gambling floors in Macau resorts. The report cited Secretary of Social Affairs...

In a report published Monday, Wells Fargo analyst Cameron McKnight commented on Macau's gaming sector, stating that "stabilization does not equal growth" and the market is adjusting to a "new normal." According to McKnight, the "new normal" consists of tighter...

One of the most politically-charged issues in America is public smoking. While the trend in recent years seems to be toward the eventual elimination of all traces of public smoking, one of the tobacco industry’s last remaining grips on public smoking may be slowly slipping through its...

In a report published Tuesday, Credit Suisse analyst Kenneth Fong commented on the Macau Gaming sector, noting that the "worst is over" and it is now time for investments to accumulate shares. "We believe that the worst is over for the sector, given the negatives are well-known, the sector is under...

Shares of Macau casino operators are spiking this week following last Friday’s release of Macau’s gross gaming revenue (GGR) numbers for the month of June. After early indications that GGR numbers for June might fall short of expectations, the 36.2 percent year-over-year GGR decline...