Macau

Wynn Resorts, Limited (NASDAQ: WYNN) has once again delayed the opening of its Macau Resort — Wynn Palace — and now sets an opening date of August 22, 2016, according to a press release. Last year, Wynn said it would open its new resort, which is situated on the Cotai area of Macau, in...

According to data released by the Macao Gaming Inspection and Coordination Bureau, gaming revenue in the month of May came in at 18.3 billion patacas, about 9.6 percent lower than April 2016’s number. The 9.6 percent decline came up short of analysts’ consensus expectations of a 8.0...

In the past six weeks, Citi analyst Anil Daswani has met with more than 100 institutional investors from around the world to discuss the outlook for Macau gaming stocks. According to Daswani, investors are still cautious on Macau, but many admit that the long-term free cash flow (FCF) story is...

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...

The Macau Gaming Inspection Coordination Bureau has placed yet another restriction on the Macau gaming market by banning “proxy betting” starting this week. The recent corruption crackdown in Macau has spooked many VIP high-roller gamblers away from the casinos, but others have been...

It may finally be time for investors to start dipping their toes back into Macau casino stocks. However, Goldman Sachs analyst Simon Cheung believes investors still need to be selective. According to Cheung, Wynn Resorts, Limited (NASDAQ: WYNN) and MGM Resorts International (NYSE: MGM) are Goldman...

It may be premature for Macau casino investors to get too excited about the better-than-expected April gross gaming revenue numbers. JPMorgan analyst DS Kim believes that the majority of the first leg of the Macau recovery rally in stocks has already run its course. According to Kim, Macau...

According to data released by the Macao Gaming Inspection and Coordination Bureau, gaming revenue in the month of April came in at 17.3 billion patacas, about 9.5 percent lower than April 2016’s number. The 9.5 percent decline came up short of analysts’ consensus expectations of a 13.5...

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...

JPMorgan’s Joseph Greff believes that Las Vegas Sands Corp. (NYSE: LVS)'s stock valuation could be limited to a tight range until there is more evidence of stabilization in the Macau market and the company’s properties in the region. Greff downgraded the rating on Las Vegas Sands from...

After spending considerable time as a drag on the once high-flying consumer discretionary sector, casino and gaming stocks are rebounding this year thanks to signs of stability in Macau, the world's largest gambling center. The combination of stability in Macau, a Chinese territory, and...

Despite Wynn Resorts, Limited (NASDAQ: WYNN) being the “best share price performer” year-to-date, Citi’s Anil Daswani believes that there is plenty of upside potential remaining. The analyst maintained a Buy rating on the company, while raising the price target from $101 to $...

Sterne Agee analyst David Bain said investors should buy MGM Resorts International (NYSE: MGM) on weakness due to the recent Wynn Resorts, Limited (NASDAQ: WYNN) update. Casino stocks were trading mostly lower Wednesday morning after Wynn announced a weak preliminary first-quarter results. "To the...