MGM MGM Resorts International

In the last month gaming stocks saw impressive gains as strong earnings and strong revenue growth in Macau boosted investor confidence in the industry. However, confidence in the Las Vegas market remains mixed at best. While casino operators sound confident that the market in Vegas has finally reached its bottom, Las Vegas' unemployment rate tells a different story. According to numbers released by the state Department of Employment, Training & Rehabilitation, unemployment in Las Vegas rose to 15 percent locally in September, up from 14.7 percent in August. Over the last three years, much of the local economic downturn can be tied to the gambling industry, which has seen sharply declining revenues. The Bedford Report examines the outlook for companies in the Resorts and Casinos Industry and provides research reports on MGM Resorts International (NYSE: MGM) and Melco Crown Entertainment (NASDAQ: MPEL). Access to the full company reports can be found at:

www.bedfordreport.com/2010-11-MGM

www.bedfordreport.com/2010-11-MPEL

MGM's Chairman and Chief Executive Jim Murren believes that the Las Vegas Market is "stabilizing," although the company's gambling, hotel room and food and beverage revenue all fell in the most recent quarter. For the third quarter MGM lost $318 million, or 72 cents a share, compared with a loss of $750.4 million, or $1.70 a share, in the year prior.

The Bedford Report releases regular market updates on the Resorts and Casinos Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us for free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.

As mentioned, the spike in gaming stocks this year has little to do with Vegas, and a lot to do with investor confidence in Macau. Macau's casino revenues rose nearly 50% year-on-year to a record high of $2.37 billion in October. Revenues are only expected to continue climbing as the Macau-China border gate is set to expand its capacity to more than double its current size for the upcoming Chinese New Year, leading more gamers into the tiny region.

One hundred percent of Melco Crown's revenues are derived from Macau. The holding company operates the Mocha Club and Crown Macau gaming interests in Macau and is developing the City of Dreams casino and resort complex. While Melco's growth prospects in Macau are appealing, competition in the area is heating up.

The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.bedfordreport.com/disclaimer

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