Macau

Aegis Capital’s David Bain believes that MGM Resorts International’s (NYSE: MGM) “Las Vegas position offers visible growth and upside to consensus estimates while its Macau exposure offers upside optionality.” Bain initiated coverage of the company with a Buy rating and...

Las Vegas Sands Corp. (NYSE: LVS) management discussed both Macau and Singapore during Bernstein's 3rd Annual Consumer Summit. Analyst Vitaly Umansky mentioned five takeaways from the discussions. Top Takeaways Recovery in Mass in Macau: This has been driven by higher visitation,...

Melco Crown Entertainment Ltd (ADR) (NASDAQ: MPEL) shares are trading higher by $0.58 at $17.45 in Friday's session. The issue swooned late in the day on Thursday when it was reported that withdrawal limits in Macau may be reduced by the government. As a result, the issue fell from its close on...

The Chinese government took casino investors on a wild ride Thursday when the imposition of new ATM transaction limits in Macau caught the market by surprise. The Drop Shares of Melco Crown Entertainment Ltd (ADR) (NASDAQ: MPEL), Wynn Resorts, Limited (NASDAQ: WYNN), Las Vegas Sands Corp. (NYSE:...

The positive revenue trends for Las Vegas casino operators Las Vegas Sands Corp. (NYSE: LVS), MGM Resorts International (NYSE: MGM), Wynn Resorts, Limited (NASDAQ: WYNN) and Caesars Entertainment Corp (NASDAQ: CZR) may continue through Q1 2017, including the critical New Year’s holiday...

Casino investors are taking profits on Thursday following positive monthly gaming revenue numbers from both Las Vegas and Macau. The numbers out of both gaming hubs confirm that strong underlying revenue growth is behind gambling stocks’ recent outperformance. Las Vegas Strip revenue climbed...

Macau kept its momentum going in a big way in November, delivering its largest year-over-year revenue gain since February 2014. The latest data from the Macao Gaming and Coordination Bureau reveals that Macau brought in 18.7 billion patacas in October, up 14.4 percent year-over-year. Prior to...

Most investors have to wait three months for quarterly updates about how business is going for the stocks they own. However, investors of casino companies such as Melco Crown Entertainment Ltd (ADR) (NASDAQ: MPEL), Wynn Resorts, Limited (NASDAQ: WYNN), Las Vegas Sands Corp. (NYSE: LVS), MGM...

With November Macau gaming revenue numbers due out Thursday, Citi has upped its price targets for Macau casino stocks and believes the world’s largest gaming destination will return to positive revenue growth in 2017. Things Looking Brighter For Macau In a new report, Citi analyst Anil...

The world's largest gaming destination — Macau, China — seems to finally be recovering after a multi-year downturn. However, with Macau revenue still depressed, casino investors are looking to the state of Nevada for some much-needed revenue growth this year. The state's gaming...

To American investors, Macau may be the Las Vegas of China. However, even after Macau’s revenue downturn in recent years, it still generates roughly three times as much annual gaming revenue as Las Vegas. But size isn’t everything, and growth is extremely important for investors. Now...

Shares of Las Vegas Sands Corp. (NYSE: LVS) were trading higher by more than 3 percent ahead of Friday's opening bell after the casino operator reported better-than-expected third-quarter results. Thomas Allen of Morgan Stanley maintains an Equal-Weight rating on Las Vegas Sands' stock following...

Three of the four big gaming companies have so far reported their earnings. Of them, two have reported better-than-expected results, and one missed estimates. The results come in the wake of improved conditions in the Macau region. Already Reported Las Vegas Sands Corp. (NYSE: LVS) reported...

Macau is on its first winning streak since 2014. The latest data from the Macao Gaming and Coordination Bureau reveals that Macau brought in 21.8 billion patacas in October, up 8.8 percent year-over-year. Prior to August's 1.1 percent gain, Macau had registered 26 consecutive year-over-year...

Apple Inc. (NASDAQ: AAPL) shares plummeted more than 2.2 percent following the release of the company’s fiscal Q4 earnings last week. Despite an earnings and revenue beat, the market was disappointed by shrinking margins and 30 percent decline in China sales. For years, China has been the...