Macau August Gaming Revenue Growth Trending Negative Single Digits - Wells Fargo (MPEL) (MGM) (LVS) (WYNN)
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Price: $45.55 -0.63%
Rating Summary:
27 Buy, 12 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
27 Buy, 12 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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According to a research note by Wells Fargo analyst Cameron McKnight, August Macau gaming revenue growth is in the negative single digits. The report cites checks. McKnight went on to say estimate ADR was down 10% from last week.
Trades are watching Las Vegas Sands (NYSE: LVS), Wynn Resorts Ltd (NASDAQ: WYNN), MGM Resorts International (NYSE: MGM), and Melco Crown (NASDAQ: MPEL).
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