Casino Stocks Surge as Macau August GGR Rises 1.1% (LVS) (WYNN) (MGM) (MPEL)

September 1, 2016 6:45 AM EDT

Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.

(Updated)

Macau August gross gaming revenue rose 1.1% to 18.8 billion patacus, according to the city's Gaming Inspection and Coordination Bureau. The uptick was the first positive monthly year-over-year growth in more than two years, noted a report from Reuters.

Data lifted related stocks in Asia, and U.S. listed Las Vegas Sands (NYSE: LVS), MGM Resorts (NYSE: MGM), Wynn Resorts Ltd (NASDAQ: WYNN), and Melco Crown Entertainment (NASDAQ: MPEL) are expected to open higher.

Monthly Gross Revenue from Games of Fortune in 2016 and 2015
Monthly Gross RevenueAccumulated Gross Revenue
20162015Variance20162015Variance
Jan18,67423,748-21.4%18,67423,748-21.4%
Feb19,52119,542-0.1%38,19543,290-11.8%
Mar17,98121,487-16.3%56,17664,777-13.3%
Apr17,34119,167-9.5%73,51783,944-12.4%
May18,38920,346-9.6%91,906104,289-11.9%
Jun15,88117,355-8.5%107,787121,645-11.4%
Jul17,77418,615-4.5%125,560140,259-10.5%
Aug18,83618,623+1.1%144,396158,882-9.1%
Sept------
Oct------
Nov------
Dec------



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Economic Data, Momentum Movers, Trader Talk

Add Your Comment