Macau Gaming Revenue Fell 39% in March; Marks 10th Month of Declines (WYNN) (MGM) (MPEL)

Macau-related gaming stocks are on watch Wednesday following revenue data out of the special administrative region for March.

The Macau Gaming Inspection and Coordination Bureau said March revenue fell 39 percent to 21.49 billion patacas (about $2.69 billion). That marks the 10th straight month of declines for revenue in Macau and comes following a 49 percent year-over-year drop for the prior month.

Revenue has fallen ever since China began cracking down on corruption in the region, which has brought down many government officials and kept big gamblers away.

On watch include names like: Las Vegas Sands (NYSE: LVS), MGM Resorts (NYSE: MGM), Melco Crown (Nasdaq: MPEL), and Wynn Resorts Ltd (Nasdaq: WYNN).

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