Macau

As recently as a year ago, investors in gambling stocks were still avoiding American-exposed gaming companies like the plague. Las Vegas was hit hard by the financial crisis, and many investors turned their attention to Macau, the new top worldwide gambling destination off the coast of mainland...

Analysts at FBR Capital Markets issued the latest round of price target cuts for casino operators with heavy exposure to the Macau market. Analysts cited declining Macau gaming revenues in November and the first week of December as justification for the cuts. The Cuts FBR cut its price target...

Carlo Santarelli of Deutsche Bank commented in a note on Thursday that Macau's near-term challenges are unlikely to improve. Santarelli notes that several persistent tailwinds seen over the past six months have had a negative influence in trends. These include China's anti-corruption campaign, “...

Macau casino stocks continue to present investment risk and won't regain their attraction until at least the middle of 2015, an analyst said Wednesday. Stocks in the sector have ticked up in the past several weeks as investors seemed to believe that sentiment toward the sector had hit...

Casino stocks are in play on Wednesday following coverage from analysts at Macquarie. The firm downgraded Wynn Macau, Las Vegas Sands China and Galaxy Entertainment to Underperform. In addition, the firm downgraded SJM Holdings to Neutral. Other casino stocks trending lower Wednesday include...

Carlo Santarelli of Deutsche Bank commented in a note on Tuesday that Macau's 19.6 percent gross gaming revenue decline seen in November was expected and December's gross gaming revenue is also expected to be lower than it was a year ago. Santarelli is projecting gross gaming revenue in...

Shaun Kelley of Bank of America commented in a note on Monday that for the month of November, Gross Gaming Revenue (GGR) at Macau casinos was down 19.6 percent from a year ago to MOP 24 billion, (approximately $3 billion) marking the sixth consecutive monthly year-over-year contraction and the...

David Bain of Sterne Agee reported on Tuesday that based on his channel checks, November Macau table-only gross gaming revenue (GGR) was Macau patacas (MOP) 17.9 billion ($2.24 billion) through November 23. The analyst adds  that including slot assumptions, the November GGR run-rate implies...

According to Karen Tang of Deutsche Bank, China's recently announced rate cut should help spur a VIP recovery in Macau throughout 2015. Tang notes that two more rate cuts are expected in China throughout 2015, further adding conviction to a belief that Macau gaming stocks turned positive in...

Carlo Santarelli of Deutsche Bank hosted companies from the Gaming, Lodging and Leisure space at a recent conference and came away with several key themes. Large-Cap Gaming Takeaways According to Santarelli's discussions with Las Vegas Sands Corp (NYSE: LVS) and MGM Resorts International...

Bloomberg reported late Tuesday that 2014 gaming sales may be down year-over-year for 2014. Lisa Pham reported that Macau gross gaming revenue for 2014 may fall 0.6 percent, according to estimates by 9 analysts surveyed by Bloomberg First Word. Macau gross gaming revenue reached $38 billion...

David Bain of Sterne Agee on Wednesday said that mass table revenue in Macau fell 8.0 percent during October, while VIP table revenue fell 30.8 percent during the same time period. The analyst expected a high-single digit mass growth and a mid-30 percent VIP table growth. Chris Kwai of CICC said in...

David Bain of Sterne Agee published a report on Wednesday detailing Macau gaming metrics for the month of October. According to Bain's checks, October mass table revenue fell 8.0 percent while VIP table revenue fell 30.8 percent. The analyst expected a high-single digit mass growth and a...

Gaming revenue in Macau fell more than 23 percent in October, marking the fifth consecutive month of declines for the Chinese gambling mecca. Casino stocks were generally lower Tuesday, lead by Melco Crown Entertainment Ltd's (NASDAQ: MPEL) loss of 6 percent and MGM Resorts International (...