Deutsche Bank Upgrades MGM Resorts (MGM) to Buy
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Macau Golden Week Gaming Revenue Growth Declines 20-23%, Sales Wells Fargo (LVS) (MGM) (WYNN) (MPEL)
October 7, 2014 9:18 AM EDTMacau gaming revenue growth declined 20%-23% year-over-year through October 5, said Wells Fargo analyst Cameron McKnight, citing checks. Golden Week ADR was down 33% year-over-year despite strength in visitation as a result of negative high-roller trends.
In the U.S. traders are watching Las Vegas Sands (NYSE:... More
Deutsche Bank Downgrades Las Vegas Sands (LVS) to Hold
October 7, 2014 6:38 AM EDTDeutsche Bank downgraded Las Vegas Sands (NYSE: LVS) from Buy to Hold with a price target of $65.00 (from $74.00). Analyst Carlo Santarelli thinks its competitive advantages are waning.
"While we continue to believe the Macau market has a favorable longer term arc, driven by room... More
Macau Sept. Casino Revenue Declines 11.7% (MGM) (LVS) (WYNN) (MPEL)
October 6, 2014 7:21 AM EDTMacau September casino revenue declined 11.7% year-over-year, according to Macau's Gaming Inspection and Coordination Bureau.
Traders in the US are watching MGM (NYSE: MGM), Las Vegas Sands (NYSE: LVS), Wynn Resorts Ltd (NASDAQ: WYNN), and Melco Crown (NASDAQ: MPEL) following the headlines.
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