Macao Revs Decelerating in Sept., Just as Expected - Analyst (MGM) (LVS) (WYNN)

Gaming stocks are a little more active Tuesday afternoon amid comments from RBC on Macao revs.

Analyst John Kempf said table game revs are decelerating from the start of the month through September 23rd, just as the firm was anticipating. Average daily table gaming revs were HK$775 million, which translates to a monthly run-rate of 17.6 percent. The number includes about HK$1 billion of slot revs.

The gain is still ahead of Kempf's own estimate, which is currently modeling 16 percent of revenue gains in September. Further slowdown is anticipated for the end of the month heading into the Golden Week, which begins on October 1st.

Traders are keeping an every on key names with operations in Macao, including Wynn Resorts (Nasdaq: WYNN), MGM International (NYSE: MGM), Las Vegas Sanes (NYSE: LVS), and Melco Crown (Nasdaq: MPEL).

Earlier, JPMorgan boosted targets on MGM and Sands.

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