Macau

What a huge difference a year makes in the global gaming hub of Macau, China. The latest data from the Macao Gaming and Coordination Bureau reveals that Macau brought in 20.1 billion patacas in April, up 16.3 percent year over year. Prior to last August's 1.1 percent gain, Macau had registered...

Macau gaming stocks are on fire Wednesday after Wynn Resorts, Limited (NASDAQ: WYNN) reported adjusted first-quarter earnings of $1.24/share on revenue of $1.48 billion, topping consensus analyst forecasts of $0.98 and $1.4 billion, respectively. Union Gaming upgraded Wynn Resorts from Hold to Buy...

Up nearly 14 percent year-to-date, the VanEck Vectors Gaming ETF (NYSE: BJK) is at a torrid pace. Macau, the world's largest gambling hub and the only Chinese territory where gambling is legal, is often a driver of BJK's price action and that could prove to be good news for investors as...

Aegis Capital has upped its Q1 EBITDA estimates for Wynn Resorts, Limited (NASDAQ: WYNN) from $353.9 million to $359.7 million in light of the firm’s increasingly optimistic forecast for mass market revenue growth in Macau. “While VIP tailwinds continue to underpin the potential for...

As Macau recovers, so do casino stocks. Wynn Resorts, Limited (NASDAQ: WYNN) shares have rallied over 30 percent year-to-date on the heels of an early Macau recovery. Despite the young turnaround, Aegis analysts are telling investors not to wait for a pullback but to get into Wynn shares now. The...

The two-year revenue decline in Macau is looking more and more like a bygone era. The latest data from the Macao Gaming and Coordination Bureau reveals that Macau brought in 22.9 billion patacas in February, up 17.8 percent year over year. Prior to last August's 1.1 percent gain, Macau had...

Macau delivered its first gaming revenue data point of 2017 on Wednesday, starting out the year with its sixth consecutive month of year-over-year revenue gains. The latest data from the Macao Gaming and Coordination Bureau reveals that Macau brought in 19.2 billion patacas in December, up 3.1...

The long-term growth story in Macau remains intact, but share prices of casino operators may already fully reflect 2017 earnings. According to Bernstein analyst Vitali Umansky, the huge run Macau stocks have been on in the past year now has the stocks trading in-line with medium-term growth...

Stifel maintains its Buy rating on Las Vegas Sands Corp. (NYSE: LVS), saying the positive Macau trends should drive upside in shares. Additionally, the firm said the recent pullback in shares creates a buying opportunity. Macau operators should generate higher gross gaming revenues in 2017, and the...

Gaming revenues on the Las Vegas strip during the fiscal year 2016 were steady year-over-year, with the Nevada Gaming Control Board reporting $5.8 billion in gaming revenue on the strip, a 0.2 percent increase. Major publicly traded casino companies saw losses of more than 1 percent in...

The year-end gaming revenue numbers from the Macau, China, and Las Vegas markets indicate that the gaming industry finished the year strong in the two largest and most critical markets in the world for investors. However, now that 2017 is officially here, gaming investors are wondering whether that...

Now that 2016 has come to a close, the last batch of gaming revenue numbers from Macau shows the industry finished the year on a high note. After 26 consecutive months of year-over-year revenue declines, Macau closed out 2016 with five straight months of gains, including an 8.0 percent bump in...

Macau delivered its final gaming revenue data point of 2016 over the weekend, closing out the year with its fifth consecutive month of year-over-year revenue gains. The latest data from the Macao Gaming and Coordination Bureau reveals that Macau brought in 19.8 billion patacas in December, up 8.0...

Although Macau gaming faces near-term risks, which limit short-term visibility, the long-term potential seems “most enduring” compared to any gaming market, Aegis Capital’s David Bain said in a report. He initiated coverage on four U.S.-based companies with exposure to Macau. Bain...