Slow February Expected in Macau; Gaming Stocks Tick Lower (LVS) (MGM) (WYNN)
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Macau Revs Growth Accelerates in Feb. 13, Though Lower Y/Y (LVS) (MGM) (WYNN)
March 1, 2013 7:21 AM ESTGaming revenue in Macau rose by 11.5 percent during the month of February 2013, coming in at about half of what was realized in the same period last year.
According to the Gaming Inspection and Coordination Bureau of Macau, revs were 27.084 billion pataca, from 26.864 billion pataca in the month of January 2013.... More
Macau Gaming Stocks Weaker (MPEL) (WYNN) (LVS) (MGM)
February 19, 2013 9:49 AM ESTMacau gaming stocks are lower Tuesday following negative data points on February VIP gaming revenue.
According to analyst Harry C. Curtis at Nomura, "The first 17 days of February gaming revenues imply ~MOP25-25.5B for the month (or low-to-mid-single-digit % YoY growth vs. our and Street ests between 10%-15%).... More
