Macau

Shares of Macau casino operators MGM Resorts International (NYSE: MGM), Las Vegas Sands Corp. (NYSE: LVS), Melco Crown Entertainment Ltd (ADR) (NASDAQ: MPEL) and Wynn Resorts, Limited (NASDAQ: WYNN) are all down on Friday after the Macau Government Tourism Office (MGTO) adjusted its visitor...

MGM Resorts International (NYSE: MGM) could continue to benefit from positive growth trends in its two biggest markets. Argus analyst John Staszak has upgraded MGM from Hold to Buy based on solid Las Vegas numbers and a potential rebound in the Macau market headed into 2017. According to Staszak,...

It may be too soon to call it a streak, but Macau gaming revenue growth came in positive for the second straight month in September. The latest data from the Macao Gaming and Coordination Bureau reveals that Macau brought in 18.3 billion patacas in September, up 7.4 percent year-over-year....

After 26 consecutive months of year-over-year gross gaming revenue (GGR) declines, Macau investors celebrated a modest 1.1 percent year-over-year GGR gain in the month of August. The surprise growth number and subsequent Wall Street upgrades sent Macau gaming stocks soaring, but Deutsche Bank...

Despite the recent runup in the stock, CLSA’s Jon Oh believes Las Vegas Sands Corp. (NYSE: LVS) is the “best long-term vehicle.” He maintained an Outperform rating on the company, while raising the price target from $50 to $58. The Impressive Parisian Following a visit to...

Macau gaming investors got some long-awaited good news at the end of August when the city logged its first positive year-over-year (Y/Y) monthly gaming revenue growth in more than two years. The surprise number triggered a handful of upgrades for Macau gaming stocks, but CLSA analyst Jon Oh urges...

The Macau region has been a big headwind for most of the gaming companies over the last couple of years. This was evident when Las Vegas Sands Corp. (NYSE: LVS) struggled to meet EPS estimates in the last three quarters. However, Argus believes the conditions have changed for the better for the...

The rest of 2016 could be a wild ride for gaming & leisure investors, but a number of stocks in the space may still have significant upside ahead. According to Stifel analyst Steven Wierczynski, gaming & leisure stocks will likely continue to be unpredictable and volatile. Gaming Group...

Gaming revenue in the month of August for Macau came in at 18.8 billion patacas, breaking Macau’s string of 26 consecutive months of year-over-year revenue declines. This figure, according to data released by the Macao Gaming Inspection and Coordination Bureau, is about 1.1 percent higher...

The Market Vectors Gaming (ETF) (NYSE: BJK) is up nearly 10 percent year-to-date, but that is not preventing some short sellers from targeting some of the gambling exchange-traded fund's holdings, particularly those of the Macau variety. Global Exposure Overall, BJK features exposure to 15...

Gaming revenue in the month of July for Macau came in at 17.7 billion patacas. This figure, according to data released by the Macao Gaming Inspection and Coordination Bureau, is about 4.5 percent lower than July 2015’s number. The 4.5 percent decline actually beat analysts’ low...

With revenue in the world's largest gaming destination — Macau, China — still depressed, casino investors are looking to the state of Nevada for some much-needed revenue growth this year. The state's gaming control board has released its report on gaming revenue for the month of...

After registering 25 consecutive months of year-over-year gross gaming revenue (GGR) declines, early numbers out of Macau for the month of July suggest the gaming hub could be on pace to deliver its first revenue growth in more than two years. However, JPMorgan is not impressed. Analyst Joseph...

JPMorgan’s Joseph Greff believes the prior estimates for Las Vegas Sands Corp. (NYSE: LVS)'s Macau same-store revenue for 2Q16 could prove to be too aggressive. Greff maintains a Neutral rating on the company, while lowering the price target from $52 to $47. Estimates Lowered The analyst...

According to data released by the Macao Gaming Inspection and Coordination Bureau, gaming revenue in the month of June came in at 15.8 billion patacas, about 8.5 percent lower than June 2015’s number. The 8.5 percent decline actually beat analysts’ low consensus expectations of a 9.5...